How China Became the World’s Second-Largest Art Market
Fast-forward 20 years later, and China now possesses the second-largest art market after the U.S. . In the October 28, 2013 New York Times, Barboza, Bowley and Cox reported that China’s auction revenues reported revenue of $8.9 billion, and China’s native Poly Auction house has risen to become the third-largest auction house in the world, behind Christie’s and Sotheby’s.