Arab Today, arab today china takes lead in world art collectables market
Last Updated : GMT 02:39:15
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.

arabstoday
arabstoday

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

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 France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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