Art market

Art market's '08 boom and bust reflected in Chinese contemporary art sales

Figures saw buyers losing interest in the genre, before they regained confidence early last year


Chinese contemporary art provides one of the clearest indicators of the art market’s most recent boom and bust. This Art Market Research graph shows the category’s peak in international favour in January 2008, far ahead of the also booming contemporary Art 100 index and general Art 100 index. A bursting of the bubble saw Chinese contemporary art fall out of favour, only rejoining the general market improvement in January 2010. It is now edging ahead once again.

Originally appeared in The Art Newspaper as 'Boom and bust'