Global art market

China is emerging as the largest visual arts market in terms of auction sales

China has been the leading global art auction market since 2010, with 41 percent market share in 2012 ($5.07 billion).[1]

This is $1.7 billion higher than the USA (in second place, with 27percent of global art sales) and $2.9 billion ahead of the UK (in third place, with 18percent of global art sales).

However after the rapid growth of 49 percent between 2010 and 2011, visual art auction sales in China increased more slowly (6 percent)  from 2011 to 2012. Despite this slower growth, auction sales in China continue to make up half of the top ten highest grossing artists worldwide.

[1]   Indexed auction records are based on Fine Art and Design catalogued auctions (paintings, sculptures, drawings, photographs, prints, watercolors, etc) recorded by artprice.com, except antiques and furniture.