Upstart Painter Huang Yuxing Generated More Money at Auction Last Year Than Jonas Wood. Is It Evidence of a Bubble?

Upstart Painter Huang Yuxing Generated More Money at Auction Last Year Than Jonas Wood. Is It Evidence of a Bubble?

Few in the Western art market had heard of Huang Yuxing before mid-2020, when one of his fluorescent-hued paintings cracked $1 million at Christie’s Hong Kong. Once a young artist notches a price like that, it doesn’t take long for international players to start paying attention. 
Over the past year and a half, the Beijing-born artist has picked up global gallery representation and set several new auction records. In December, his Seven Treasure Pines (2016–19) fetched an eye-popping $8.3 million, besting his previous record by 424 percent and exceeding its high estimate by a factor of 13.