About Art China

Source: Art Tactic



Chinese Contemporary Art Market Update - main points

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The Chinese economy recovers, but the risk of new asset bubbles puts the country on alert
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Confidence returns to the Chinese art market, although 30% of the market remains negative to the short-term outlook.
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Mainland auction houses increase their market share in the global Chinese art market.
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Poly and China Guardian overtake Sotheby’s Hong Kong in the autumn of 2009.
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Chinese contemporary art suffers, but domestic auction house eyes new opportunities.
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Sotheby’s Hong Kong takes lead in the recovery process.
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Lower estimates sees buyer confidence returning.
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Poly Auction acquires prime position in the contemporary Chinese art market.
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ArtTactic® Auction Indicator – The contemporary art market remains a buyers’ market.