There is much to be learned from this fascinating volume on the history and economics of the art market in the People's Republic, so radically affected by political events of the last seventy years. Readers interested in the restitution of looted works of art will discover a relatively unknown seam of material on the Cultural Revolution and its aftermath, enriched by Kejia Wu's inclusion of personal recollections and experiences of those involved.

---- Derek Gillman, Distinguished Teaching Professor and Executive Director, University Collections and Exhibitions, Drexel University, former Director of the Barnes Foundation

It is rare to find a book that embeds art into the broader political events and economic transformation of a nation. Kejia Wu's perspective is unique - she was part of the re-emergence of contemporary art in China, and the re-integration of China into the global art world and market, and has remained an authoritative commentator and analyst about the art and markets of China. Her stories are fascinating, the writing is engaging and the tale she tells is an important one about the role of art, and arts institutions in the modern world.

---- William N. Goetzmann, Edwin J. Beinecke Professor of Finance and Management Studies Yale School of Management