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Yue Minjun with some of his smiling figures in his Beijing studio. One of China’s new breed of financially successful artists, he lives in a large walled-off compound. (Chang W. Lee /The New York Times)

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"Coexistence" by Yue Minjun. Mr. Yue is one of China's leading avant-garde artists, many of whom have morphed in multi-millionaires.(Christies)

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Mr. Yue with his sculpture at his studio in Beijing. (Chang W. Lee /The New York Times)

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Zeng Hao at his show, which opened recently at the Shanghai Gallery of Art.(Qila Shen/The New York Times)

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"Interior 2003" by Mr. Hao. (Beijing Art Now Galler)

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"Smoking" by Zeng Fanzhi. (Christies)

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"Marlboro" by Wang Guangyi, who is best known for his Great Criticism series of paintings emblazoned with the names of popular Western brands. (Christies)

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"30th Mary" by Fang Lijun, a "Cynical Realist" painter. (Saatchi)

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"Father and Son," a 2005 painting by Zhang Xiaogang. Prices for Mr. Zhang's work have skyrocketed at auction over the last two years. (Christies)