Chinese art auction market turnover distribution 2018, by price range
In the Chinese fine art auction market, the artworks valued above five million U.S. dollars generated nearly 26 percent of the annual market turnover in 2018. Among the high sellers, around one-third belonged to the calligraphy and painting category and the rest were oil paintings. That year, the Chinese fine art auction market accounted for almost 29 percent of the global market, indicating a five percent drop from the previous year.