Recently, someone wrote that the Chinese Yuan will become a reserve currency and boost the value of Chinese art.  When publicized, we immediately commented to those who marketed it that it was misguided advice.  We, at Red Hill Capital, In Country China, and Leona Craig Art, have always advised that the Yuan will eventually appreciate, and that, combined with the undeveloped domestic market for art and art collectors, will eventually translate into extra profits, in Chinese art.  However, the suggestion that the Yuan will become a special international reserve currency is pure folly, at least in any of our lifetimes. 

We did a more detailed analysis, in a blog entry, in our Red Hill Capital blog, about the topic, called "Barking Dogs", which you can read at  http://blog.redhillchina.com/2009/06/05/barking-dogs-chinas-aspirations-to-be-a-financial-powerhouse.aspx 

Craig Mattoli, CEO
Red Hill Capital Corp., Delaware, owner
Leona Craig Art, Guangzhou