In the dark history of human atrocity, one savage, inhuman chapter that is always missing from the textbooks in courses about the Pacific conflict in World War II is the Rape of Nanking. Except for the occasional documentary, this harrowing event has gone largely unexplored by filmmakers, yet it surges with historic value and the elements of heartbreaking drama. Ask history majors about what the Japanese did to freedom-loving civilians to alter the world and all they know is Pearl Harbor, Bataan and the Death March. Now the great Chinese director Zhang Yimou has made a valiant and compassionate effort to enlighten the ignorant. The Flowers of War is his best film since Raise the Red Lantern. It is emotionally shattering.
An attractive young woman in a dark pantsuit is pacing the edges of demolished urban lot, chanting quietly and gently tossing grains of vodka-soaked rice while development executives looked on appreciatively, smiling beneath their ceremonial hard hats as an ancient ritual is performed on the site of their newest project.
If the scene sounds bizarre, it is also almost surely a glimpse into the future of New York City real estate
“Everyone can benefit from good energy,” said Eric Benaim, President of Modern Spaces, whose company has enlisted the services of “Certified Feng Shui Consultant” Laura Cerrano of Feng Shui Long Island to advise them on every facet of the design and construction of Vista Court, a 15-story residential building on Purves Street just south of Northern Boulevard. But while Mr. Benaim might very well be correct, every trend in city real estate would point to the fact that Modern Space’s decision to feng shui its newest project is being made with explicit intent to attract the most sought after buyer in today’s market; the Chinese.
Roughly $30 billion was invested in New York City real estate during the last year alone, making it the premier city in the world in that category, outpacing London, Tokyo, Paris and Hong Kong. A vast amount of that investment capital came from overseas, with European, Pacific Rim and South American investors, but Chinese investors are widely believed to be leading the way.
Yes, it’s true: New Yorkers are facing stiff competition in the real estate market from highfalutin foreign buyers. And where precisely are these buyers coming from? China, Russia and Brazil, according to a break-down from The Real Deal.
With his work set to go on view in a group show, called “Alchemy & Inquiry,” at James Cohan Gallery’s Shanghai branch tomorrow, artist Fred Tomaselli gave a remarkably candid interview to The Wall Street Journal about his career and his views on China.
The rapid ascent of the Chinese art market and auction business is far from a secret at this point, but an article in the The New York Times about the phenomenon makes a few key points about developments in that field, including the fact that, according to art-market research company Artprice, Chinese auction houses may now be the world leader in sales, moving $8.3 billion of goods a year.
Last month, a regional government in northeast China decided to build a memorial to honor the thousands of Japanese settlers who died of starvation in the area following Japan’s surrender in World War II. Now Reuters reports that authorities have destroyed it.
The wire service explains what happened to the 12-foot-tall memorial:
“Last Read More
Art World News
Just as you might own a favorite piece of furniture from your parents’ house, Quentin Roosevelt II (1919-1948), Theodore Roosevelt’s grandson, first encountered the art of the “strange people known as Naxi,” as he later described them, around his family home in Oyster Bay; his father, Theodore Roosevelt Jr., and uncle, Theodore’s brother Kermit, had Read More
Last week the massive Hong Kong Exhibition Center hosted a triple header–the four-year-old art fair Art HK; a luxurious Christie’s auction preview; and a Christie’s-sponsored exhibition of new work by Chinese painter Zeng Fanzhi–that provided a window into the state of the art market in China.
The fair now draws a good portion of the Read More
Club for Growth president Chris Chocola is denouncing Chuck Schumer, calling the senator a “job-killing protectionist” in response to Schumer’s recent criticism of China’s economic policies.
“Americans benefit from free trade,” said Chocola in a press release this morning. “It forces companies to innovate and compete leading to greater variety, lower prices, and better quality Read More
After a press conference on E-Z Pass fees this afternoon, Senator Chuck Schumer talked a little bit about his recent trip to China, where he met with some of the top American business leaders in the region to talk trade policy.
“We talked about currency, we met with the American Chamber of Commerce,” said the Read More