China is famed for its intricate traditional artwork, but art is taking on a new meaning in the country for investors – its the latest booming asset class. Artwork is increasingly being seen as the only asset allocation with long - term , stable and continuous value in China , leading wealthy Chinese individuals to decline in the middle class , as stocks , precious metals and property markets lose their shine . China became the world 's biggest market for art auctions in 2016 with sales totalling about $ 5000 . The use of art mortgages to finance art is also increasing .
Artwork is increasingly being seen as the only asset allocation with long - term , stable and continuous value in China , leading wealthy Chinese individuals to decline in the middle class , as stocks , precious metals and property markets lose their shine . China became the world 's biggest market for art auctions in 2016 with sales totalling about $ 5000 . The use of art mortgages to finance art is also increasing .