Art sales in China fell three per cent to US$12.9 billion, according to the 2019 Art Basel and UBS Global Art Market Report. Photo: AFP

US-China trade war and fears of debt crisis see art sales in China drop

  • Chinese collectors reduced their spending during Beijing’s drawn-out negotiations with the US to avoid a full-scale trade war
  • Art sales in China fell three per cent to US$12.9 billion, annual art market survey finds
Topic |   US-China trade war

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Art sales in China fell three per cent to US$12.9 billion, according to the 2019 Art Basel and UBS Global Art Market Report. Photo: AFP
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