New ArtTactic Survey Shows Confidence In Chinese Contemporary Art Market Is Back
With American and British collectors of Chinese art having trouble competing with their New Chinese Collector counterparts over the last several months, we can expect that China's share of the art market should continue to grow into 2010.
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- Confidence Levels Have Come Back Strong Following Last Year's Economic Crisis, As Mainland Chinese Buyers Gain Ground
- The confidence in the Chinese contemporary art market has bounced back from its February low
- A large majority, 70% of the respondents, believe the market will recover within 2 years
- Yang Fudong, Ai Weiwei and Xu Bing top both the Confidence Ranking (Short-term) and the Longevity Ranking (Long-term).
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