China regains top spot in art market as the global sales total plummets

Business Day:

The sharp fall in global art sales in 2016 has been attributed to a drop in the number of works worth more than $10m on offer. Paris — Global art sales plunged in 2016 as the number of high-value works sold halved while China regained its status as the world’s top market, Artprice said says in its annual report released on Monday… Read more.

Image: A member of the media films a painting by Vincent van Gogh “L’Allee Des Alyscamps” during the press preview on Friday for Sotheby’s Impressionist & Modern Art Evening Sale. File Picture: AFP