ARTTACTIC ART MARKET REPORTS CHINESE CONTEMPORARY ART
According to the ArtTactic Chinese Contemporary Art Market Confidence Indicator, perception of contemporary Chinese Art has improved significantly. This development is to be expected, considering the success of last spring’s (and more recently this autumn’s) auctions in Hong Kong and mainland China.
Ai Weiwei and Cai Guoqiang currently share the top spot in the long-term artist longevity indicator. Other artists ranking in the top ten of the confidence indicator include Cao Fei, Chen Wenbo, Fang Lijun, Zeng Fanzhi and Liu Ye.
Overall, the report signifies a good climate for acquiring blue-chip contemporary Chinese artists, most especially those that cater to overlapping domestic and international collectors. After all, auctions (particularly in Hong Kong) demonstrate a certain cultural partiality towards long-term value and stability thus making confidence analysis more significant. Also, there is a foreseen increase in value for some contemporary Chinese artists and these artists may be more difficult to find in the coming years.
To buy the report visit www.arttactic.com
- Mid auction season Hong Kong art market update: Sotheby’s sale round-up – November 2010 – Hong Kong art market update
- Luck for Sothebys at Southeast Asian auction 2009 in Hong Kong – April 2009 – report of successful Sotheby’s art auction
- Chinese auction houses dominate top 10 list of global auction houses for contemporary art – Artprice – February 2009 – among the global auction houses, majority held by Chinese contemporary art
- Three recession strategies for selling art in Shanghai – Shanghai Daily – April 2009 – strategies to sell art in Shanghai amidst recession
- Rising confidence in Indian art as market recovers – June 2009 – a comparison with the Indian art market