Art Review, The Power 100
Whitewall magazine, “Collector: Richard Chang”
What Chinese Collectors are really buying
|The Art Newspaper||5/17/2012|
China is the world’s largest art market—even if the figures are disputed (see above). The numbers vary according to whose research you read, but the French site Artprice claims that in 2011, China represented 41.4% of the fine art auction market. The art economist Clare McAndrew, in her latest report (“The International Art Market in 2011”), puts China’s share, taking both auction and dealer sales into account, at 30%, and both sets of figures put China ahead of the US and Europe.