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Art Market Overview: The Chinese Market in Decline

Published on , by Agathe Albi-Gervy

Artnet's report on the Chinese art market, published last month in partnership with the China Association of Auctioneers, highlighted a notable change in its dynamics: in 2019, it fell to its lowest level in ten years and totaled $5.7 billion: a 10% drop in one year.

   Art Market Overview: The Chinese Market in Decline
 
The number of lots presented at auction also fell by 14%. Tensions between the United States and China, coupled with the political unrest in Hong Kong,…
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