Since the peak of the Chinese contemporary art market in 2010 and 2011, overall Chinese auction sales have adjusted downwards. These sales are roughly 15% below the peak, where they’ve held steady over the last 5 years. Sales results (all Chinese auction categories) after the first six months of 2016 from the big four auction houses (Christie’s, Sotheby’s, Poly, and Guardian), came in at $1.5 billion, 3.3% higher than November 2015, but still 6.2% lower than 12 months ago.
Although the overall Chinese art market did well in the first half of 2016, Chinese Contemporary art sales continue to struggle. The overall Contemporary Chinese sales from Christie’s, Sotheby’s, Poly, and Guardian raised a total of $45.4 million. This represented an overall decline in sales of 21% from Autumn 2015.
Comparative Auction Analysis (Sotheby’s, Christie’s, Poly and China Guardian)
Chinese Contemporary Art Auction Analysis
Market share analysis
Market Sentiment analysis