New Report Shows Chinese Contemporary Art Market Confidence Higher Than US & Europe
Buoyed by China's new collectors, ArtTactic's confidence indicator "remains strongly positive," though the differences between domestic Chinese and international auction houses are becoming increasingly stark.
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- "New Chinese Collectors" Continue To See Contemporary Art As Safe Asset Class
- Confidence in the Chinese contemporary art market remains high
- financial turmoil in Europe and US does not seem to have filtered down to the Chinese art market yet
- a majority of experts surveyed remain positive about the Chinese contemporary art market in the next six months
- 51 percent of the experts still believe the market will go up
- Jing Daily Conclusions
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