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Chinese Auction Analysis – June 2013

No. Pages6
ResearchersAnders Petterson, Yu Chen
Report TypeAuction 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.