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The Chinese Art Market

c The Chinese Art Market SINCE 2010, THE CHINESE ÁRT MARKET IS THE BIGGEST ART MARKET IN THE WORLD. IN 2011, CHINA ACCOUNTED FOR 41.4 % OF GLOBAL FINE ART AUCTION RÈVENUE. FINE ART AUCTION REVENUE Breakdown by country 50 41.4% 40 30 23.6% 19.4% 10 6.7%- 4.5% 1.8% 1.4% 1.2% 0- CHINA OTHERS UNITES UNITED STATES KINGDOM FRANCE GERMANY SWITZER- ITALY LAND IN 2011, THE CHINESE ART MARKET GREW 49% TO A TOTAL REVENUE OF $4.79 BILLION. ART AUCTION REVENÚE 2011 in billion U.S. dollars 2.24 UNITED KINGDOM 0.21 2.72 GERMANY 0.52 FRANCE 4.79 UNITED STATES CHINA ART MARKET GROWTH 2011 VS. 2010 in % CHINA +49% UNITED KINGDOM +24% FRANCE +9% GERMANY +23% -3% UNITED STATES CHINA ACCOUNTED FOR ONLY 10.8% OF GLOBAL ART TRANS- ACTIONS IN 2011, BUT THE CHINESE ART SCENE IS A HIGH-END MARKET. IN 2011, 774 OF THE 1,675 ARTWORKS SOLD ABOVE THE $1MILLION THRESHOLD WERE SOLD IN CHINA. 2011 AUCTION SALES REVENUE Breakdown by price range 0.3% 2.2% 1.4% 12.1% > $1 m 13% $100,000 - 1 m $10,000 - 100,000 9.2% 34.7% $5,000 - 10,000 < $5,000 13.4% 75.3% 38.4% REST OF THE WORLD ASIA WITH 41.4% OF GLOBAL ART AUCTION REVENUE, SIX ARTISTS AMONG THE WORLD'S TOP 10 AND FIVE OF THE TOP 10 CITIES FOR ART SALES IN THE WORLD CHINA IS BY FAR THE BIGGEST PRESENCE ON THE GLOBAL ART MARKET. TOP 10 ARTISTS BY 2011 AUCTION REVENUE in million U.S. dollars ZHANG DAQUIAN 550 212 WU GUANZHONG (1919- 2010) (1899 - 1983) QI BAISHI 510 198 (1904-1965) FU BAOSHI (1864 - 1957) ANDY WARHOL 325 (1928 - 1987) 175 GERHARD RICHTER (1932) PABLO PICASSO 315 129 FRANCIS BACON (1909 - 1992) (1881 - 1973) XU BEIHONG 220 (1895 - 1953) 15 IKERAN (1907 - 1989) statista OEommons creative SOURCE: ARTPRICE The Statistics Portal 20

The Chinese Art Market

shared by Statista on May 11
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China is the number one on the global art market.

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