thierry Ehrmann, President of
Two works fetched over
At
In
In total, Artprice has detailed data for nearly 16,000 fine art lots sold at auctions throughout China between 1 January and
+180% growth in mainland China
While the art market is experiencing a sharp contraction in almost all Western countries, mainland China has posted relatively positive figures for H1 2023. Although it is still far from its exceptional performances of ten years ago, the country's fine art auction market generated almost three times more turnover than in H1 2022, which was hampered by the country's zero-covid policy at the time. However, the recent dynamism may have been boosted by sales that were simply rescheduled from last year; so it remains to be seen if the second half will post equally buoyant figures.
The performances of Chinese auction houses
There is little doubt that the international art market is eager to see key works by the superstars of contemporary Chinese art resurface on the market. In H1 we saw several 7-digit results for works by
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