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.