For many years, there was a steady and growing market for Chinese antiques. This was fueled by Chinese antique buyers who came from the newly wealthy class in Asia and the West. It was also fueled by rising worldwide interest in Chinese culture, which prompted art collectors all over to buy Chinese antiques. However, in the past few years, there has been speculation that the boom in Chinese antiques is coming to an end. This is not surprising, as factors such as a cooling of the Chinese economy, the global pandemic, and rising political tensions lead people to think that it is inevitable that Asian antiques buyers will sour on Chinese antiques. In this article, we will look at whether the boom in Chinese antiques is coming to an end.

Signs the Chinese antiques market might be slowing down:

In 2019, the Global Chinese Art Auction Market Report indicated that sales of Chinese art and antiques reached $5.7 billion dollars for the year. This staggering figure shows the buying power of Chinese antique buyers, but it was down 10% from the previous year. Total auction sales in mainland China also fell by 10% that year. Sales of Chinese art and antiques were also down by 9% outside of China during that period. However, that doesn’t mean that you should not buy Chinese art and antiques.

Why we buy Chinese Antiques:

Don’t pass on that piece of Chinese art or that Chinese antique yet. If you come into possession of a Chinese antique, don’t just give it away or throw it out. There is still major demand for Chinese art and antiques out there. Discerning Chinese antique buyers are still willing to pay top price for authentic pieces. All of the six most expensive Chinese art pieces were sold by Sotheby’s Asia in 2019. Also, in July of 2019, a Chinese vase that was originally purchased for fifty pounds was sold for $9,084,486! Never underestimate the appetite of Asian antiques buyers for genuine Chinese art.

Don’t underestimate the Chinese economy either. China still has a strong GDP, massive industry, and financial capital. It regularly competes with the United States to have the world’s largest economy. This translates into a growing middle and upper class with the wealth and interest in art, becoming frequent Chinese antique buyers.

In addition, there is a constant fascination with Chinese art and antiques in the global market. This enduring interest goes back centuries and has led to a huge market of Chinese antiques and artwork around the world. It also means that Asian antique buyers continue to take an interest in the global art market as they search for Chinese antiques.

Online is a great place to buy and sell Chinese antiques:

The digital age has continued to transform buying and selling art, particularly after COVID. Many of the up-and-coming wealthy Chinese antique buyers are young. They are driving the increasingly popular online auctions and buying and selling antiques online. At antiqueappraisersauctioneers.com, we can help you get Chinese antiques appraised for the best possible value and both buy and sell Chinese antiques online.

In conclusion, while there are indications of a potential slowdown in the Chinese antiques market, there are still compelling reasons to consider investing in Chinese art and antiques. The enduring demand from discerning Chinese antique buyers, the strength of the Chinese economy, and the global fascination with Chinese culture contribute to the market’s resilience. Furthermore, the digital marketplace provides convenient avenues for buying and selling Chinese antiques. Therefore, it is premature to write off the future of the Chinese antiques market.