REPORT ON THE GLOBAL CHINESE ART AUCTION MARKET 2019 BY ARTNET
Artnet and the China Association of Auctioneers (CAA) are pleased to present the eighth annual edition of the Global Chinese Art Auction Market Report, offering an in-depth look at the market for Chinese art and antiques in 2019. Global auction sales of Chinese art and antiques totaled $5.7 billion in 2019, a decrease of 10% year-over-year and the lowest level for the genre since 2010. Amidst continued trade tension and uncertain tariff negotiations with the United States, as well as a continued slowdown in GDP growth in China, the value of total auction sales within mainland China declined by 10% in 2019 to $3.7 billion, the lowest since 2010. Overseas, the market for Chinese art and antiques also experienced a 9% contraction year-over-year.