Chinese Art Market Confidence Report – May 2014
|Researchers||Anders Petterson, Michael Sahyoun|
|Report Type||Confidence Survey|
Confidence in the Chinese art market increases by 21% in the last 6 months.
The latest ArtTactic Chinese Contemporary Art Market Confidence survey shows that expert confidence in the Chinese art market is up by 21% in the last 6 months. Confidence among experts in the Chinese contemporary art market has been strengthening by 52% since October 2012, and is now standing at 75, up from 62 in December 2013. The current confidence reading in the Chinese contemporary art market is only 9% below the peak in May 2011, and has seen a significant recovery since the downturn in the Chinese art market during 2011 and 2012.
Report also includes 51 top contemporary Chinese artist short- and long-term confidence analysis and rankings.