The art market took a hit in the first quarter as sales volume fell 7% compared to 2012, according to market intelligence firm and auction platform artnet. The major problem was the Chinese market where there was a 50% decline in value sold in the first three months of the year, yet there's light at the end of the tunnel.
Global Art Market Down As China Tanks 50% In Q1 While U.S. And U.K. Sales Improve
Forbes - 24 Apr 2013 20:57
The art market took a hit in the first quarter as sales volume fell 7% compared to 2012, according to market intelligence firm and auction platform artnet. The major problem was the Chinese market where there was a 50% decline in value sold in the first three months of the year, yet there's light at the end of the tunnel.
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