China becomes world’s 3rd largest art auction market

China's art market overtook France's for the first time last year, according to figures released by Art Price on Monday.

According to Art Price's 2007 data comprising sales of fine arts works - paintings, drawings and photographs - the global art market saw an overall rise for the seventh year running, with revenue up 43.8 per cent on the previous year.

The rise was driven by a...

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Tags: art, auction, Christies, Fine Art, painting, Paintings, photograph, photographs, Sotheby's

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