From my own observation, I notice that there are actually very few good local art collectors .... most of the collectors are mostly rich and successful people, who collects arts for certain reasons, mainly: the potential increase in value of the collections, how famous is the artist, what other collectors want desparately, how famous is that collection, and value for money. That is partially why the prices differ so much .... for the unknown artists, their works are relatively low but for those famous, our local collectors can really upz the prizes.... :think:
In the Western countries, people collect arts mainly because they like them, and as such a lot of good works by unknown artists can be had for a reasonable price. So paying $300 - $500 for a good image is rather common, but definately not in this region .... but I notice that the scene is changing and a lot of young people are actually buying low-cost arts now :thumbsup: