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Chinese slump dents global art market

By , on March 14th, 2013

<!– google_ad_section_start –> Chinese spending on art and antiques shrank by nearly a quarter last year, ending a streak of spectacular growth that helped drive up global prices and made China the biggest player in the market by 2011, a report said on Thursday. The study, commissioned by the European Fine Art Foundation, which organises The European Fine Art Fair (TEFAF), estimated the worldwide art and antiques market contracted by seven per cent last year to 43 billion euros (US$56 billion). <!– google_ad_section_end –>

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Chinese slump dents global art market

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