There is also the growth of the museum industry (700 new

museums per year), a global economic reality in the 21st century. More museums opened between 2000 and 2014 than in the previous two centuries. The Art Market is now a mature and liquid market offering 10% to 15% annual returns on works purchased over $100,000.

In 2016, in the battle of titans between China and the USA, China re-emerged as the market's leading power with a massive lead of $1.3 billion over the USA.

Similarly, over 30% of the artists in this year's Top 500 ranking are Chinese artists (vs. 15% American).

With negative central bank rates, the Art Market shows is enjoying insolent health with its Contemporary segment posting a 1,490% increase in annual turnover in 17 years and a 36% linear progression in the average value of an artwork.

The Internet is now the only way forward for the world's 6,300 Auction Houses (97% connected) on all continents.

The Art Market is an efficient, historical and global market whose ability to withstand economic and geopolitical crises is beyond any doubt. (MORE) AsiaNet TR TR

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(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)