ART: Focus on Chinese Works of Art

The most recent Art Research Technologies report, Focus On: Chinese Works of Art has just been released.  The report contains some very interesting statistics, such as the numerous records being set within the sector,  such as 10 of the top 20 prices for Chinese works of art originated from Hong Kong sales.  Not surprising, as we saw from the recent European Fine Art Foundation report showing China as the new number 2 art market. The report also shows the percentage of value contributed to the top 100 sales of Qing Vase according to style (Famille Rose, Blue and White, Celadon, other).

I always look forward to these informative and well researched reports and recommend the purchase of the full report should you appraise in the reports specialty area.  The ART reports are a great research reference for appraisal market analysis.

5 Interesting stats contained within the new ART report are

1. Sotheby's average price for a Chinese work of art in 2010 was 104% higher than it was in 2006.

2. In 2010, about 70% of the Chinese works of art sold in New York brought less than $50,000, but an unprecedented number of lots exceeded $500,000.

3. More than 8,000 works of art dating to the Qing Dynasty (1644-1911) have appeared at Christie's and Sotheby's since 2006, bringing over $1 billion.

4. Last year the average price for a Song work of art was not as high as it was in 2008 when it peaked at $149,084, but the sell-through rate for Song works reached a five-year high.

5. Qianlong marks do not necessarily ensure that a Chinese work of art will find a buyer: Between 2006 and 2010, the average buy-in rate for a work bearing a Qianlong seal was 35%.

For more information on the Chines works of art market, purchase the latest edition of the ART Report by clicking HERE.