Arab Today, arab today china takes lead in world art collectables market
Last Updated : GMT 03:52:24
Arab Today, arab today
Arab Today, arab today

China takes lead in world art, collectables market

Arab Today, arab today

Arab Today, arab today China takes lead in world art, collectables market

Paris - AFP

China has overtaken the United States as the biggest auction market for art and collectable objects, after its sales more than doubled in just one year, according to research made public on Thursday. A report for the Conseil des Ventes Volontaires (CVV, the French Auction Market Authority) said sales in China, including Hong Kong, grew 137 percent in 2010 to 7.6 billion euros (10.8 billion dollars). China now holds 34.3 percent of global market share, compared to 24.2 percent in 2009, said the authority, a public body that regulates the auction industry in France. \"China took third place from France in 2004\" and moved into second place in 2009, overtaking Britain, said Pierre Capelle of the Noeo Conseil management consultancy in Paris, which compiled the report. The findings concentrate on \"art and collectable objects\", a field that is wider than \"fine art\" which comprises paintings, sculptures, drawings, engravings and photographs. Artprice, a French specialist in the art market, declared China in March to be number one in the fine-art auction category after it realised sales of 3.1 billion dollars last year. Noeo Conseil\'s findings put the United States in second place with sales worth 5.98 billion euros in 2010, up 62 percent from the previous year, with a market share of 27 percent. In third place was Britain at 3.29 billion euros, up 70 percent, and a market share of 14.9 percent, then France at 1.4 billion euros, down eight percent, and a 6.3 percent share. Overall, the worldwide auction market for art and collectable objects leaped 66 percent in 2010, with a total value of 22.15 billion euros, according to the report, based on a survey of nearly 3,000 auctioneers. Chinese collectors have been particularly eager to buy ancient Chinese artifacts, which have been hitting record prices in the face of a relatively shortage of available items. In November 2010, a Chinese vase from the 18th century sold for 69.2 millions dollars at a London auction held by Bainbridges, which subsequently had trouble recovering the sum from the winning Chinese bidder. According to the World Wealth Report 2010, there now are 477,000 collectors in China, while a study by the China Minsheng Bank claimed that Chinese spend at least 80 billion yuan (8.9 billion euros) a year on works of art.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china takes lead in world art collectables market Arab Today, arab today china takes lead in world art collectables market

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday