China leads the way in global art sales

A woman walks past a caged man sculpture at the 798 Art Complex in Beijing yesterday. Global art auction sales surged to a record $11.5 billion (€8.7 billion) last year despite the weak world economy, with China cementing its spot as the top market,...

A woman walks past a caged man sculpture at the 798 Art Complex in Beijing yesterday. Global art auction sales surged to a record $11.5 billion (€8.7 billion) last year despite the weak world economy, with China cementing its spot as the top market, research showed yesterday. A report by Artprice, the France-based world leader in art market data, said auction revenues had risen 21 per cent last year and for the first time exceeded the $10 billion mark.

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