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China's billionaires set to dominate the world's art market

Asian buyers becoming more sophisticated as fortunes pile up

| China
A rare imperial embroidered Chinese dragon robe is displayed during a photocall for the Asian Art Week sales at Bonhams auction house in London on Nov. 2.   © NurPhoto/Getty Images

Alexandra Bregman is a teaching associate in business and economics at the Columbia Journalism School. She is author of "The Bouvier Affair: A True Story."

The Asian art market is currently dictated by Chinese players. And guess what, America? Soon, China will not need you anymore.

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