The significance of Mainland China as the main center for domestic sales for art has remained to be a relatively new phenomenon, however, the Chinese Arts and Antiques has had important roles in the worldwide art market for decades(metmuseum.org, 2015). Very important Chinese artworks have been showcased in several major museums around the world and there have been generations after another that have stood to be very important private collectors(metmuseum.org, 2015). To meet this demand, Global galleries and auction houses have featured the Chinese contemporary artworks in their sales, close to 280 auction house featured in the Sales involving Chinese artworks(metmuseum.org, 2015).
Since the world market was contracted in 2009, there has been a persistent feature of art sales globally and a very strong polarization of the market(metmuseum.org, 2015). China’s contemporary arts have performed well and has for years accounted for an ever increasing larger share of the market(metmuseum.org, 2015). In mainland China, the market has somehow remained balanced, the highest priced artworks account for a smaller share of the value than in markets like the United States(metmuseum.org, 2015).
Statistics show that mainland China contemporary art works accounted for a small fraction in relation to the number of transactions (Adam, 2015). The modernity in art industry in China is a rare breed of foreign exhibition that ventures across and beyond the main centers of Shanghai and China. For instance, Beijing’s general public and press exhibited a high interest in the World art Museum. China art has slowly opened up foreign art work over the decades and more people in China are getting increasingly interested in other nation’s art and culture (Andrews, 2012, p. 107). The Chinese people are also getting interested in its history and the merging of ethnic groups and the development procedures of the western culture in the past years (Adams, 2015).
It is not something new to see other western nations seizing up the opportunity of tapping up the curiosity of the Chinese culture. Beijing World art Museum has incorporated itself as one of the city’s imposing monument and has hosted a lot of exhibition from other western nations such as Spain, Italy, Mexico and the United States (Andrews, 2012, p. 155). This has made it possible for the Chinese government to build Museums each week and this has had a role in it becoming a major player in art infrastructure worldwide (Metmuseum.org, 2015).
The rise in art industry in China has also changed the leadership hierarchy which has become more concentrated on culture (Metmuseum.org, 2015).The government of China has seized up the opportunity of making the structural difference in the west become a turning point of making the Chinese contemporary artworks renowned internationally. This has made the Chinese art industry work with other international museums like the British Museums. The Republic of China has also made the international society to think of culture as a compelling product that the international community needs.
China is also providing competition and statistics show that China’s museums were the most visited in the world and attracted an approximate 7.45 individuals, this is an increase of 38.7%. Particularly, Zhejiang and Hangzhou Museums were the most visited where by the visits rose by remarkable margins of 75% (Metmuseum.org, 2015). Over the last few years, fine art has dominated the Decorative art industry in the global auction market in the past years; this is in terms of the aggregate sales and the quoted prices(metmuseum.org, 2015).
Contemporary and post-war art has become the leading industry in the world today and it has been boosted by the high prices that have been achieved through auction(metmuseum.org, 2015). The major driver of the cultural boom is the growth of the middle class which has remained to be an increasing domestic demand for cultural activities that were once a boom for many western nations (Adam, 2015).
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