A report on the state of the Chinese art market by the National Law Review has found drastic contractions in the market’s auction turnaround rate, dropping by 30%, a drop that the publication attributes to the government’s ongoing anti-corruption campaign.  “Although it remains to see whether the anti-corruption campaign could make the ultimate success, the impact on the art world is visible,” the artice concludes.  “Like the investors concern about political risks, China art market stakeholders also need to learn to predict and manage the unexpected impact the changing of political landscape may have on the market.”
Read more at National Law Review
