Global art auction sales surged to a record $11.5 billion (8.7 billion euros) last year despite the weak world economy, with China cementing its spot as the top market, research showed Wednesday.
An assistant points to a painting by Chinese artist Fu Baoshi at the Sotheby's auction house in Hong Kong. Global art auction sales surged to a record $11.5 billion (8.7 billion euros) last year despite the weak world economy, with China cementing its spot as the top market, research showed Wednesday.
A report by Artprice, the France-based world leader in art market data, said auction revenues had risen 21 percent last year and for the first time exceeded the $10 billion mark.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
About the author
- Writer: AFP News agency
- Position: Agence France-Presse
Latest stories in this category:
- Philippines' top judge testifies, walks out of trial
- Ankle injury dents Lee Olympic bid
- Myanmar power cut protest spreads to Rangoon
- Glitch mars opening of world's tallest tower
- Malaysia's Anwar charged, alleges new persecution
- Lady Gaga tweets about Islamic hardliner threats
- Papua New Guinea court calls for Somare's return
- 19 killed, 36 injured in Indian train collision
