The process there joins the increasing interest of the Chinese potentates to invest in art, a phenomenon corroborated by the recent decision of the signature Christie's to celebrate auctions in Peking.

In only five years, the sales of works of art in China have multiplied for ten: of 100 million dollars in 2000, to billion dollars in what it goes of 2005.

The collecting has been traditionally a persons' territory with money in search of rewards beyond the materials, but in this field there appears an every time major number of managers of funds of art and speculators in search of status.

These buyers are encouraged by the extraordinary results of sales of the houses of auctions, as well as by the publication of studies and indexes of the market of the art that demonstrate his profitability, like Mei/Moses Fine Art Index.

Created by Jiangping Mei and Michael Moses, two teachers of the University of New York, this index was prepared from the reached results every year, from 1950 up to the present, in the auctions of paintings of Sotheby's and Christie's.

The index reveals that the paintings have had a yield superior to that of the bonds and almost so well as that of the actions, although some observers clarify that the indicator does not include the high costs of deals and works storage.

The liquidity of the investments in art is, otherwise, slow, although lately she has turned out to be accelerated by "speculative negotiations", according to the Indian expert Harish Padmanabha. "Earlier, to collect art was a matter of few ones that they were appreciating and were getting excited about the art, and for whom the factor investment was secondary (...) Now some investors entrust works to artists to half of his career, and store them, impelling this way to the rise his prices then to sell them", made sure this collector.

The buyers, collectors and financial institutions and of art as the houses of auctions they guide his call options for indexes like Art Market Research, created in 1985 to measure the oscillations of prices of the international market of the art.

The investment funds managers in art, as, realize projections that allow to identify which artists and what type of works will be quoted better in the future. Others affirm, nevertheless, that the exceptional prices reached by the works of contemporary art in the last auctions - Christie's had his record in November, when in only one night it sold at the price of 157.4 million dollars - might be a sign of that the bubble of the market is on the point of exploding.

They remember the stage of 1989-1990, when the prices for work touched his maximum then to fall down noisily, as well as the called "technological bubble" of Wall Street, which burst in 2000 with the massive sale of actions of the Internet sector.