The China art market saw a significant surge in the second quarter of this year, with sales reaching RMB 3.4 billion (USD 473 million), up 15% from the same period last year, according to data compiled by Art Basel.
Shanghai and Beijing exhibitions were major drivers of growth, with the Shanghai Art Fair attracting over 100,000 visitors and selling artworks worth RMB 1.2 billion (USD 169 million).
