Professor Mei Jianping, a finance professor at the Cheung Kong Graduate School of Business in Beijing, has launched three art indices that track price trends and sentiment in China's art market. The MM Global Impressionist Price Index and the MM Global Contemporary Art Price Index are based on auction data from leading houses such as Sotheby's, Christie's, and Phillips across major global markets. According to the 2024 MM Chinese Art Index, Chinese art has outperformed global art trends with a compound annual growth rate of 9.3% since 2000, despite a market contraction in 2024. The index also highlights key artists such as Zao Wou-Ki and Wu Guanzhong whose works exhibit exceptional market liquidity.
https://www.prnewswire.com/news-releases/ckgsb-professor-mei-jianping-launches-global-indices-tracking-impressionist-contemporary-and-chinese-art-markets-302340317.html