In 2012, the turnover of the leading auction houses mainland China Guardian and Poly halved compared with 2011. Christie's Hong Kong sales and Sotheby's have also fallen

ft.com

Sales Chinese works of art at auction dropped significantly in 2012. Reported by the Financial Times citing the The Art Newspaper. Chinese art market, is the largest in the world-leader in 2010 and 2011 is likely to be removed from the top of the podium at the end 2012.

turnover leading auction houses mainland China Guardian and Poly International in 2012 decreased by half compared with 2011. Sales Poly fell from 1.9 billion dollars in 2011 to 965 million in 2012, and the turnover of China Guardian fell from 1.8 billion in 2011 to $ 820 million in 2012.

Sales Christie's Hong Kong offices and Sotheby's in 2012 compared with the same star for the Chinese art market in the year 2011 also decreased. At Christie's fall was small - 15%, to 705.4 million, while Sotheby's sales dropped significantly - from $ 1 billion to 592.9 million dollars.

main reason this fall's art market China, most researchers see a general slowdown in the Chinese economy. In 2012, he was the smallest in the last ten years - less than 8%. In addition, the appetite of Chinese collectors in Hong Kong specifically to curb state inspections related to the import of works of art to the mainland.

Prepared Maria Onuchina, AI

Source: artinvestment.ru