2010 art autumn staged six of the most
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September 20, 2025
In 2008, the Chinese art market faced a downturn, but it bounced back in 2009 and saw a significant rise in 2010. This autumn, Beijing Rong Bao kicked off the season with a record-breaking sale of 427 million yuan, surpassing its previous high. China Jiade’s autumn auction also exceeded 4 billion yuan, closing at 4.133 billion yuan, while Beijing Poly set a new single-season record with 5.28 billion yuan in total turnover. Christie Hong Kong outperformed Hong Kong Sotheby’s, achieving HK$3.23 billion in sales, slightly edging out their competitor's HK$3.09 billion. Other notable performances included Hanhai Qiupai with over 1.9 billion yuan and Qiu Qiuqiu Auction with 1.56 billion yuan, while Xiling Yinshe concluded with 1.08 billion yuan.
Behind these impressive numbers, however, there are underlying concerns. Xi Mu, a researcher from the Ministry of Culture’s Cultural Market Development Center, noted that the current hot auction market does not equate to true prosperity. While prices may be rising, long-term market health requires more than just short-term gains—it demands transformation and sustained development.
Despite this, according to preliminary estimates, new investors now account for about 30%–40% of the market, yet they contribute nearly 70%–80% of the transaction volume. This shift reflects a redistribution of resources as older collectors step back and new players take the lead. The market is driven by the highest bidder, and capital recognition shapes value. The Chinese art capital market is gradually taking shape.
Throughout the autumn auction season, our reporter identified six “most†trends that highlight the evolving landscape. These include the most sought-after piece: Wang Yuzhi’s "Peace Replies" cursive script, which sold for 308 million yuan, setting a new record for the Chinese Guardian after 17 years. Another standout was the Huanghuali furniture auction, where a rare bed fetched 43.12 million yuan, followed by another piece that sold for 61.5 million yuan, earning the title of “first place†this season.
The watch auction sector also gained momentum, with major houses like Christie’s and Sotheby’s seeing strong participation from mainland buyers. For the first time, the Chinese Guardian dedicated a special session to watches, with over 110 pieces selling for 18.712 million yuan. Meanwhile, a 14.23-carat “Perfect Pink†diamond sold for HK$180 million, becoming the most expensive jewel in Asia.
In the wine category, a 1958 Moutai bottle reached an astonishing 1.456 million yuan, marking a new high for domestic Moutai auctions. However, the red wine auction faced some challenges, with many items withdrawn due to unspecified reasons. Despite this, the event still achieved nearly 10 million yuan in turnover, showing growing interest in fine wines.
As the market evolves, it becomes clear that the Chinese art world is not only rebounding but also transforming, driven by both tradition and innovation.