In May, dealers exhibiting contemporary art at Art HK in HongKong said they found buyers quickly for their best few pieces yet struggled to unload the rest.
Others are also likely saving up for next month's Art Basel, the Swiss contemporary art fair whose owner MCH Group recently bought a majority ownership stake in Art HK. (Next spring, Art HK will be renamed Art Basel HongKong.) The fair closes Sunday.
In May 2011 MCH Swiss Exhibition (Basel) announced that it had snapped up a controlling stake in ART HK, the biggest annual event for Hong Kong's art scene and perhaps for all of Asia's.
Look for ETFs that own stocks traded in Shanghai, HongKong and Mexico City, since the yuan, the HK dollar and the peso have been relatively steady against the dollar.