Eight Key Trends That Made Their Mark In China In 2011
With commentators around the world weighing in on what 2012 will hold for the luxury industry in China and the country's still-booming art auction market, it pays to take a step back and look at some of the major trends that took shape in 2011.
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- A Year Of Change In The Luxury, Auction And Art Worlds
- 1.) Online Scandals Speeding Up Gradual Death Of Conspicuous Consumption
- 2.) Chinese Wine Drinkers, Collectors Shifting From Bordeaux To Burgundy
- 3.) Ultra-Luxury Automakers Roar Ahead As Premium Brands See Possible Slowdown
- 4.) Luxury E-Commerce Market Booming, But Shakeout Anticipated In 2012
- 5.) Chinese Art Collectors Becoming More Discerning At Auction
- 6.) Pushback Against Stiff Luxury Taxes Gains Strength
- 7.) Hong Kong IPO Market No Longer Sure Thing For Luxury Brands
- 8.) Outbound Chinese Tourists Increasingly Critical For Major Destinations
- From the entire Jing Daily team in New York, Beijing, Shanghai and Hong Kong, thanks for reading in 2011. We hope you'll keep coming back for the best in Chinese luxury, art and culture news in 2012.
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