CKGSB Professor Mei Jianping Launches Global Indices Tracking Impressionist, Contemporary, and Chinese Art Markets

The 2024 MM Chinese Art Index reveals that Chinese art has outperformed global art trends, achieving a remarkable 9.3% compound annual growth rate since 2000, significantly higher than Impressionist and Contemporary art indices. Despite a 12.3% market contraction in 2024 and a 48.4% decline since its 2020 peak, Chinese art remains a compelling investment, supported by its high volatility and potential for recovery. The 2024 MM Chinese Art Index reveals that Chinese art has outperformed global...

The 2024 MM Chinese Art Index reveals that Chinese art has outperformed global art trends, achieving a remarkable 9.3% compound annual growth rate since 2000, significantly higher than Impressionist and Contemporary art indices. Despite a 12.3% market contraction in 2024 and a 48.4% decline since its 2020 peak, Chinese art remains a compelling investment, supported by its high volatility and potential for recovery.

The MM Chinese Art Index also features sub-indices categorized by medium (ink vs. oil) and era (modern vs. contemporary). Notably, oil paintings and contemporary works have demonstrated superior market performance, with annualized growth rates of 10.8% and 11.5%, respectively. Additionally, the MM Chinese Art Sentiment Index tracks collector enthusiasm, reflecting shifts in market confidence over two decades.

The MM Chinese Art Liquidity Index highlights key artists, such as Zao Wou-Ki and Wu Guanzhong, whose works exhibit exceptional market liquidity. Moreover, a comparative analysis shows that Chinese art has consistently outperformed traditional assets like the S&P 500, underscoring its value as a long-term investment and potential inflation hedge.

View the full report HERE.

About CKGSB Established in Beijing in November 2002, CKGSB is China's first privately-funded and research-driven business school. The school aims to cultivate transformative business leaders with a global vision, sense of social responsibility, innovative mindset, and ability to lead with empathy and compassion (https://english.ckgsb.edu.cn).

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