In the last 15 years, plenty of first-tier Chinese entrepreneurs have joined the art collection industry. 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. China became the world's biggest market for art auctions in the last 15 years with sales totalling 6.33 billion U.S. dollars . 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. China became the world's biggest market for art auctions in the last 15 years with sales totalling 6.33 billion U.S. dollars . The use of art mortgages to finance purchases is also increasing.