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1、CHINAART MARKETREPORT20254 Karen SanigPartner and Head of Art LawMishcon de Reya LLPSimon TyeChief Executive OfficerMDRiWe are delighted to share the inaugural Mishcon de Reya x ArtTactic China Art Market Report on the eve of Hong Kong Art Week.The report,based on independent expert research by ArtT

2、actic,is the only one of its kind focused on the Modern&Contemporary auction market in Hong Kong and Mainland China.It combines distilled strategic insights with in-depth analysis of the market over the last decade.The findings of the report highlight the transformation of the Hong Kong and Mainland

3、 China art market over the past decade,elevating it into the worlds top three art markets,with Hong Kong positioned as the epicentre of art trading in Asia.This growth is extraordinary but not fortuitous.It is underpinned by the immense cultural wealth and knowledge in the region.As one of the world

4、s leading art law practices with a thirty-year history of serving the art and culture sector internationally,The Mishcon de Reya Group is delighted to have this opportunity to affirm our enduring commitment to the Hong Kong and Mainland China art and business community.We look forward to continuing

5、the conversation in these ever-changing times!IntroductionJason KarasManaging PartnerKaras So LLP in Association with Mishcon de ReyaChina Art Market Report 2025Mishcon de Reya56 12OverviewGrowth of Modern and Contemporary Art in Hong Kong and Mainland ChinaThe Hong Kong and Mainland China Modern an

6、d Contemporary Art Market Report 2025 demonstrates a transformative period for the regions art market,as it solidifies its position as a global centre for Modern and Contemporary art.With market share doubling from 7%in 2015 to 14%in 2024,Hong Kong and Mainland China are a formidable competitor to L