by Annika Backe
October 22, 2015 – For years now, the art world keeps looking east. Chinese art works obtain record prices and more than one internationally operating auction house can rely on the Chinese buyers to generate large turnovers. Analyzing the results from 2014, however, a report now concludes that the upward spiral has stopped for the time being.
Test strike of the companies Schuler and Beh for the Heilungkiang Province. 20 cents n. d. (1897) in brass. Nearly FDC. Künker 249 (2014), 460. Estimate: 5,000 euros. Hammer price: 75,000,- euros.
Chinese calligraphy, Tang Dynasty (627-659).
Overseas, North America overtook Europe as the most important market for Chinese art. While mainland China particularly favors Chinese paintings and calligaphy, the foreign markets, on the other hand, prefer Chinese antiques, including coins.
What lies ahead? Certainly, no conclusive results can be given for 2015 yet, but, from the looks of it, a new boom does not seem very likely. Nevertheless, the market for Chinese art, antiques and coins will continue be to very attractive for investors and art fans alike.
You may download the report from the artnet website.
Please find the website of the China Association of Auctioneers here.