Global Chinese Art Auction Market Report 2016

Collaborative report produced by artnet and the China Association of Auctioneers (CAA)

Global Chinese Art Auction Market Report 2016

In 2016, auction sales of Chinese art and antiques totaled $6.7 billion (¥46.6 billion) worldwide, representing more than one third of the global art auction market. After five years of fluctuation, mainland China’s art market began to show signs of maturity, as the market improved in the quality of artworks offered rather than quantity. The sales of Chinese art and antiques overseas, however, saw its first significant decline since 2012, mirroring the market’s overall slowdown abroad. Mainland China regained its global lead in total sales value, while the Western market experienced a contraction.

This report has been compiled by analysts at artnet, with data on mainland China vetted and provided by the CAA.

Global Chinese Art Auction Market Report 2015

Collaborative report produced by artnet and the China Association of Auctioneers (CAA)

Global Chinese Art Auction Market Report 2015

Over the past 10 years, the Chinese art market has seen both tremendous growth and volatility as it grew to majorly impact the global art auction market. The total sales value in mainland China continued its recent decline in 2015, reaching under its 2012 low. In contrary to the mainland market, the overseas sales of Chinese art has more than quadrupled since 2009, with an unexpectedly strong growth in 2015 even as the mainland China market went through a cooling period. Together, sales of Chinese art accounted for almost a third of the global art auction market in 2015.

This report has been compiled by analysts at artnet. Data on mainland China was vetted and provided by the CAA.

Global Chinese Art Auction Market Report 2014

Collaborative report produced by artnet and the China Association of Auctioneers (CAA)

Global Chinese Art Auction Market Report 2014

The Chinese art and antiques market has been through a period of volatile sales. Prior to 2011, growth in the auction sector seemed unstoppable. However, the following three years have been marked by a much more moderate climate. While recovery began in 2013 amidst hopes that the Chinese art market had entered a new phase of maturity, 2014 proved to be another difficult year, as sell-through rates dropped to the lowest in five years and non-payment rate soared.

This report has been compiled by analysts at artnet. Data on mainland China was vetted and provided by the CAA.

Global Chinese Art Auction Market Report 2013

Collaborative report produced by artnet and the China Association of Auctioneers (CAA)

Global Chinese Art Auction Market Report 2013

After experiencing exceptional growth between 2008 and 2011, the Chinese art and antiques auction market cooled over 2012. Recovery began in 2013, as China retained its global position, with growing sales in all sectors, more caution from buyers, and more moderate prices at auction, signaling a new phase of maturity in the Chinese art market.

This report has been compiled by analysts at artnet. Data on mainland China was vetted and provided by the CAA.

Global Chinese Art Auction Market Annual Statistical Report 2012

Inaugural collaborative report produced by artnet and the China Association of Auctioneers (CAA)

Global Chinese Art Auction Market Annual Statistical Report 2012

In 2011, China became the world’s largest auction market for art and antiques for the first time, surpassing both the United States and European markets. A year later, the United States regained its position as the largest art market, while the Chinese market rapidly lost market share. The slowdown in mainland China was the result of many different economic factors. The high end of the market, in particular, was severely impacted. Reverberations from this deceleration were also felt at auctions overseas, as houses selling Chinese art and antiques struggled to maintain 2011 market levels.

This report has been compiled by analysts at artnet. Data on mainland China was vetted and provided by the CAA.

Contact

artnet

Ning Lu
Vice President, Price Database
Artnet Worldwide Corporation
+1-212-497-9700 ext. 164
nlu@artnet.com
CAA

Yu Jinsheng
Secretary General, Art Auction Committee
China Association of Auctioneers
+86-10-6839-1137 ext. 8017
jinsheng@caa123.org.cn