Global Chinese Art Auction Market Report 2019

10 Noviembre 2020, International

Global auction sales of Chinese art and antiques totaled $5.7 billion in 2019, a decrease of 10% year-over-year and the lowest level for the genre since 2010. Amidst continued trade tension with the United States, and a declining Chinese GDP growth rate, the value of total auction sales in mainland China declined by 10% in 2019 to $3.7 billion, the lowest since 2010. Overseas, the market for Chinese art and antiques also experienced a 9% contraction year-over-year.