Regional markets
Which is the largest art market in the world?
The United States, and has been for a long time, with New York as its centre and the seat of the largest auction houses. According to Artprice, the American market alone did around 5.2 billion dollars in a year. Behind the USA come the United Kingdom, China with Hong Kong, and a resurgent Paris.
Who is the best-selling Asian artist, and how strong is China?
China has long led the Asian market and its masters are among the world's finest. In some years the Chinese painter Zhang Daqian was the third best-selling artist in the world, behind only Picasso and Basquiat. Asian demand is one of the engines of the entire global market.