The reasons why China’s influence in the fine art market is growingJune 5, 2015
It’s been just six months since our news about Crown’s Fred Weijgertse talking to Real Business about the state of the art market for investors and the global trends that are shaping and transforming it. Now Fred speaks to the same publication this time he discusses the globalization of the art market and the growing influence of Chinese collectors.
The $51bn art market has just enjoyed a record year – the latest figures from the TEFAF Art Market Report, published by the European Fine Art Foundation, prove it – but what really stood out in 2014 was not the prices achieved but the increasingly global nature of art in the modern era.
In this article, Fred talks about the reasons why the ways of buying art is changing – and how China is growing in influence in the market.
Check the article out yourself!