artnet and the China Association of Auctioneers publish the Global Chinese Art Auction Market Report 2017
(Artdaily.org)

artnet, in collaboration with the China Association of Auctioneers (CAA), released the sixth edition of its Global Chinese Art Auction Market Report on August 9, 2018. The report analyzes the 2017 Chinese auction market, providing transparency for a historically opaque marketplace. The collaboration between artnet and the CAA also offers the chance for both organizations to share their data, which artnet uses to improve its Price Database—further solidifying its position as the most accurate record of the auction market for Chinese art. The forthcoming edition of the report found that global auction sales of Chinese art and antiques totaled $7.1 billion in 2017. This represents a 7% year-over-year increase, despite an expectation for a stronger market rebound. In 2017, the demand for top-quality lots was stronger than ever, with