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DJ artnet AG: Artnet and the China Association of Auctioneers Publish the World Chinese Artwork Auction Market Report 2019

DGAP-Media / 2020-11-09 / 15:23 
 
*Artnet and the China Affiliation of Auctioneers Publish the World Chinese 
Art Auction Sector Report 2019* 
 
Amidst trade stress and unsure tariff negotiations with the United 
States, alongside with a slowdown in GDP expansion in China, the Chinese artwork and 
antiques marketplace continued to agreement in 2019 to a 10-calendar year very low. 
 
*New York, November 9, 2020*-Artnet, in collaboration with the China 
Affiliation of Auctioneers (CAA), unveiled the eighth version of its world-wide 
Chinese Artwork Auction Industry Report on November 9, 2020. The report analyzes 
the 2019 Chinese art auction marketplace, providing transparency to a 
historically opaque industry. 
 
In 2019, worldwide auction product sales for Chinese art and antiques continued to 
decline, achieving the least expensive stage for the style given that 2010. Amidst 
ongoing trade pressure with the United States and a declining Chinese GDP 
development fee, the value of overall auction sales in mainland China dropped by 
10% to $3.7 billion, the most affordable stage because 2010. Overseas, the sector also 
seasoned a 9% contraction year-more than-12 months. Having said that, some favourable tendencies 
emerged. European marketplaces saw a important improve in the volume of lots 
offered and sold, when the classification for 20th-Century and Up to date 
Chinese artwork had a potent general performance in 2019, bolstered by the unwavering 
enthusiasm of a young technology of Chinese collectors. 
 
More important conclusions in the report consist of: 
 
- World-wide auction gross sales of Chinese artwork and antiques totaled $5.7 billion in 
2019, reducing 10% calendar year-about-12 months (and marking the most affordable amount 
gathered for the style since 2010). 
 
- Europe noticed major improves in heaps made available and lots sold for the 
genre, bringing its full international sector share of lots offered for Chinese arts 
and antiques to 29% in 2019. By distinction, North America's market place share 
lowered from 41% to 32% year-more than-calendar year. 
 
- The normal selling price for 20th-Century and Present-day Chinese art soared in 
mainland China, up by 23% yr-above-yr. Abroad, whole gross sales worth for 
the group reached a 9-year large in 2019. 
 
- The amount of plenty marketed for Wonderful Chinese Paintings and Calligraphy dropped 
by 10% yr-around-yr, just about halving in volume from 2013. The accumulating 
classification also dropped abroad, as full gross sales price dropped to a 7-yr 
low. 
 
- Because of to a contraction in the selection of leading high quality consignments available 
in this financial setting, the variety of heaps offered at ¥100 million ($14.4 
million) and higher than lessened globally, declining by nearly a 3rd 
year-over-year. 
 
To down load a duplicate of the _2019 World Chinese Artwork Auction Sector Report_, 
simply click here [1]. 
 
*About Artnet* 
Artnet is the top source for obtaining, marketing, and looking into art 
online. Founded in 1989, Artnet's suite of market-top goods has 
revolutionized the way folks obtain art today. The Price tag Databases consists of 
a lot more than 14 million auction benefits from 1,900 auction residences relationship again 
to 1985, giving an unparalleled amount of transparency to the art industry. 
The Gallery Network platform connects main galleries with collectors from 
all around the globe, featuring the most extensive overview of artworks for 
sale. Artnet Auctions was the to start with focused on the net market for fine 
artwork, giving a seamless and efficient gathering practical experience for the two 
customers and sellers. Artnet Information addresses the events, traits, and men and women 
shaping the international art market with up-to-the-minute assessment and professional 
commentary. 
 
Artnet AG is shown in the Key Regular of the Frankfurt Stock Trade, 
the section with the highest transparency specifications. 
 
*About CAA* 
Recognized in 1995, the China Association of Auctioneers (CAA) is the only 
national affiliation of the auction business in China. The CAA is associated 
in regulating and supervising registered auction residences according to the 
legislation outlined in the Auction Regulation of the People's Republic of China. 
 
Conclude of Media Launch 
 
Issuer: artnet AG 
Crucial phrase(s): Art 
 
2020-11-09 Dissemination of a Push Release, transmitted by DGAP - a support 
of EQS Group AG. 
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Language:    English 
Organization:     artnet AG 
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Cellphone:       +49 ()30 20 91 78 - 
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EQS News ID: 1146621 
 
Finish of News DGAP Media 
 
1146621 2020-11-09 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=69997d63422388ab5bdcae7ca1dc31b0&software_id=1146621&web-site_id=vwd&software_title=news 
 

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November 09, 2020 09:23 ET (14:23 GMT)