Artprice.com: Defying All Forecasts... China Upped 18%, Dominated the Global Art Market in the First Half of 2016
PARIS, July 25, 2016 /PRNewswire/ --
- China up +18%, returns to leader position as world's largest art marketplace
- Hong Kong posted H1 growth of 10%
- Market liquidity guaranteed - transactions volumes up 3.2%
- Western auction market posted stable unsold rate of 28%
- Low supply of masterpieces reduces Western auctioneers' turnover
- Fewer records, stronger activity
- Market price index down vs. January 2015, but gained 10% in 2nd quarter of 2016
- Top 50 artists 2016 H1
- Country, turnover (USD), Market Share
Download the Report in pdf format free of charge at:
http://imgpublic.artprice.com/pdf/semestriel_2016_en.pdf
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According to Thierry Ehrmann, Artprice's founder and CEO, with China's overall economy on meltdown watch for a number of semesters, its return to the global leader position with a turnover up by more than $570 million is therefore a major surprise.
China's Art Market was studied in collaboration with our Chinese institutional partner, the Artron Group, and AMMA [Art Market Monitor by Artron] headed by Wan Jie.
Over 252,000 Fine Art lots were sold worldwide in 2016 H1, generating a total turnover of $6.53 billion (including fees). Artprice, world leader in Art Market information since 1987, has systematically analysed over 3,500 auctions to produce a detailed half-year report covering Fine Art public auctions (painting, sculpture, drawing, photography, prints and installations).
About Artprice:
Artprice is listed on the Eurolist by Euronext Paris, SRD long only - Bloomberg: PRC - Reuters: ARTF.
Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 625,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from 1700 to now, along with comments by Artprice's art historians.
Artprice permanently enriches its databanks with information from 4,500 auctioneers and it publishes a constant flow of art market trends for the world's principal news agencies and 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world's leading Standardised Marketplace with its future blockchain.
Artprice's Global Art Market Annual Report for 2015:
http://imgpublic.artprice.com/pdf/rama2016_en.pdf
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Contact: Josette Mey: e-mail: ir@artprice.com
SOURCE Artprice.com
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