Eventually the 'Chinese Offspring' will go because it is an important work, even if it is difficult to digest. At home they're stunning, but you have to have the guts to put one up.

It's a heady feeling. Museums around the world are buying [contemporary Chinese art], Chinese collectors have begun to get seriously interested and even funds are being created to buy it. This is Chinese art's moment.

I wasn't surprised at all. In fact I had bet money that this auction would see a contemporary Chinese painting reach $1 million. I narrowly lost the bet, but there is no question in my mind that it will happen at the very next auction.

The situation is serious, the coming weeks will be critical.

In order to make money the first thing is to have no need of it

No news is good news.