Artwork is increasingly being seen as the only asset allocation with long-term, stable and continuous appreciation in China, leading wealthy Chinese individuals to invest in the asset class, as stocks, precious metals and property markets lose their shine. Sluggish stock, property and precious metal markets meant some of the best investment channels in China lost their allure, drawing investors to a new avenue for their capital. The recent surge of interest from mainland investors has been driven by a growing number of reports that China will soon introduce capital controls for foreign investors. The use of art mortgages to finance purchases is also increasing.
Artwork is increasingly being seen as the only asset allocation with long-term, stable and continuous appreciation in China, leading wealthy Chinese individuals to invest in the asset class, as stocks, precious metals and property markets lose their shine. The recent surge of interest from mainland investors has been driven by a growing number of reports that China will soon introduce capital controls for foreign investors. The use of art mortgages to finance purchases is also increasing.