Art sales in China reached US$13.2 billion, accounting for 21% of global art sales last year, according to a joint report published by UBS and Art Basel. Figures detailed in ‘The Art Market 2018’ reveal that sales in the auction sector accounted for “close to 70% of the market in 2017”. Globally, sales in 2017 reached an estimated US$63.7 billion. This…
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