Chinese Auction Analysis – June 2013
|Report Type||Auction Analysis|
The auction results from Hong Kong and Mainland China this spring signal that the overall Chinese art market could be about to rebound. Recent auctions saw a 31% increase in overall sales from November 2012. The big four auction houses (Sotheby’s Hong Kong, Christie’s Hong Kong, Guardian Beijing and Poly Beijing) achieved a total of $1.6 billion (across all categories), up from last season’s $1.2 billion. The sales total is still 38% lower than the peak of the market in spring 2011.
See report for comparative analysis between Sotheby’s, Christie’s, Poly and Guardian.