Chinese Contemporary Primary Market Confidence Indicator Rose Whopping 28% Since September

NEW YORK, NY.- ArtTactic’s newest survey of the Chinese contemporary art market reflects what many in the art world have suspected over the past six months: the confidence of Chinese collectors in contemporary art has now made China the “most confident” art market in the world. According to ArtTactic’s overall Chinese Contemporary Art Market Confidence Indicator, confidence rose 12 percent since September 2010, with the Chinese Contemporary Primary Market Confidence Indicator rising a full 28 percent in the same amount of time. This, according to ArtTactic, has seen China surpass the American, European and Indian art markets to become the world’s top market in terms of Market Confidence. Currently, ArtTactic places China 21 percent above the US & European market Confidence Indicator, and 34 percent above the Indian Confidence Indicator. As the survey notes, confidence in the Chinese contemporary art market has recovered quickly since February 2009, with

Back To Top