Author Topic: Antique buyers fall for old tricks (Chinadaily 27th May 2011)  (Read 1835 times)

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Offline DiggingNorway

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"China's legitimate art and relics market is thriving. Last year it overtook the United Kingdom's to become the second largest market worldwide, according to an annual report by the European Fine Arts Foundation. Its value doubled from 2009, reaching 9.8 billion euros (91.2 billion yuan, $14 billion) and a 23 percent global share, the foundation said.

The counterfeit market is booming, too. According to a recent report from Beijing Business Today, about 300,000 people work in China's fake antiques market, which generated more than 10 billion yuan in 2009 and 2010. "

Offline badon

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Re: Antique buyers fall for old tricks (Chinadaily 27th May 2011)
« Reply #1 on: June 09, 2011, 08:46:33 PM »
I bet the fake art and antiquities market is bigger than the entire modern Chinese coin market. That's the difference in maturity of the two markets. The coin market is just getting started, while the art and antiquities market has been booming since the 1990's.