According to Jimmy Lu, a consultant with the Art Galleries Association ROC, the development and maturation of Taiwan's art market in the 1980s was centered on the works of a previous generation of painters such as Chen Cheng-po and Li Mei-shu. The soaring interest in and prices for art seen in 1992 marked the end of the local market's first cycle.
畫廊協會顧問陸潔民表示，台灣藝術市場經歷 1980 年代以陳澄波、李梅樹等台灣前輩畫家為主軸的拓荒、成熟，至 1992 年飆漲、豐收，走完第一波循環。