Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Chinese Mainland Buyers Prefer Auctions to Dealers

May 27, 2013 by Marion Maneker

Mainland Chinese buyers prefer to get their works from a vendor with high visibility and a strong reputation, the South China Morning Post reports in the wake of several sales in Hong Kong this weekend:

“Chinese buyers usually either buy at auctions or from the most reputable and best known dealers,” said Sotheby’s Asia CEO Kevin Ching. […]

Auctions account for nearly 70 per cent of art sales across China, according to a recent survey by research firm Arts Economics.

“It’s not that there has been a sharp decrease in Western bidders…it’s that because of the buying power of the Chinese they are the ones who win the objects in the end,” said Ching.

Chinese art buyers shun smaller shops for major auction houses (South China Morning Post)

More from Art Market Monitor

  • Brushfire Closes Getty Center in LABrushfire Closes Getty Center in LA
  • Ryan O’Neal Gets to Keep Farrah WarholRyan O’Neal Gets to Keep Farrah Warhol
  • The Ritchie's Soap Opera ContinuesThe Ritchie's Soap Opera Continues
  • Frieze LA Sales ReportFrieze LA Sales Report
  • Poland Gains Restitution of 19th C WorkPoland Gains Restitution of 19th C Work
  • Edward Dolman’s RevengeEdward Dolman’s Revenge

Filed Under: Emerging Markets

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor