How China became the Number 1 of world art market again ?

Dethroned last year by the USA, China has regained its leadership in the international art market ,according to the latest Artprice report. In the decline during the first semester of 2016, the new was a surprise, the economic context of country (Second World Economy) being decreasing. The strongholds of New York (-49%) and London (30%) show…

The French Art Market lifted by Chinese artists

According to the last Artprice report (August 2015), in recent months, the best results generated by the French auction market have mainly focused on works with Franco-Chinese influences (Chinese artists who lived and worked in France): Zao Wou- Ki and San Yu accounted for four of the five best hammer prices during H1 2015. Who…

The Top 10 best selling artists in 2015: how China is rising

In its last report in June 2015, Artprice offers provides a ranking of new highest auctions since January 2015. The auction ranking reveals Chinese power in the valuation of their past and present art. How did it come to this ? Five new entries in the top 10 are Chinese artists. He Haixi (born 1958), with a…

Hong Kong Assessment of auctions, and opening to Western Contemporary art

According to Artprice, the Hong Kong contemporary art market got new sales records, particularly with Western artists. What are the results and why this opening? On 11 June, Sotheby’s Hong Kong presented the sale “Boundless: Contemporary Art”. The auction house saw nearly 60% of the lots fetch above their high estimates. The total turnover of MK$ 41.5m (US$ 5.3m)…

Why create a contemporary art market in Singapore ?

After Beijing, Shanghai and Hong Kong, the Singapore island wishes to follow the rise of contemporary art market in Asia. But why Singapore could to do this ? First, Singapore jostles with Hong Kong for financial crown. Singapore has become in few years the region’s largest centre for both commodity and foreign exchange trading, as…

Central District, The appointment between Finance and Galleries

Larry Gagosian, Emmanuel Perrotin, Edouard Malingue, etc. Most international galleries are locating in the Central District, on the Hong Kong Island. Why this site? Question of strategy.  The Hong Kong Island was the first area inhabited by English settlers. It is quite mountainous and the population is very concentrated. Today the island is considered the…