The market for artwork and antiques in Shanghai has achieved robust growth, with its volume surpassing the 10 billion yuan (1.39 billion U.S. dollars) mark, local authorities said Monday. In 2022, the trading volume of the artwork and antiques market reached 12.85 billion yuan, marking a 44 percent increase from 2019, according to Fang Shizhong, director of the Shanghai Municipal Administration of Culture and Tourism.
The total import and export value of artworks and antiques reached 10.28 billion yuan, up 61 percent from 2019, data showed. The continuous robust growth is driven by the China International Import Expo (CIIE) and the Shanghai International Artwork Trade Week, among others, Fang noted.—Xinhua
