Unveiling New Art Indices: CKGSB's Insight into Global and Chinese Art Markets

CKGSB Finance Professor Mei Jianping introduces three revolutionary art indices, assessing global and Chinese market trends. The MM Global Impressionist and Contemporary Art Price Indices analyze auction data, while the MM Chinese Art Index outpaces global trends, highlighting the investment potential of Chinese art despite recent market contractions.

In a bid to redefine art market analytics, CKGSB Finance Professor Mei Jianping has introduced three novel art indices, including the much-awaited MM Chinese Art Index, providing insights into price dynamics, liquidity, and sentiment within China's burgeoning art sector.

The MM Global Impressionist and Contemporary Art Price Indices are formulated using auction data from titans such as Sotheby's, Christie's, and Phillips, covering key global markets. They reveal crucial trends, with Impressionist and Contemporary art demonstrating 2.8% and 5.0% growth since 2000, although recent corrections in 2024 indicate declines of 3.2% and 19.5%, respectively.

Conversely, the 2024 MM Chinese Art Index highlights the impressive 9.3% growth rate of Chinese art since 2000, outperforming its global counterparts. Despite a 12.3% contraction in 2024, Chinese art retains investment allure, buoyed by its volatility and potential rebound. Additionally, the index delves into mediums and collector trends, cementing its role as a long-term investment.

(With inputs from agencies.)