China's antique and art auction market up 13 pct in 2016

Updated 2017-03-30 09:30:12 Xinhua

The turnover for antique and art auctions in China last year rose 13.3 percent to 31.7 billion yuan (4.6 billion U.S. dollars), the China Association of Auctioneers said on Wednesday.

According to a blue paper on auction industry growth last year, the agency said a total of 1,857 antique and art auctions were held last year nationwide.

Han Tao, vice president of the association, said China's auction industry recorded steady growth in 2016.

The turnover of the whole auction industry rose 12 percent to 519.2 billion yuan in 2016, said the paper.

Auctions of motor vehicles reported the fastest growth, rising 124.2 percent to 14.5 billion yuan. In addition, the auction of company stakes and unpaid debts jumped 46.5 percent to 59.4 billion yuan, it said.

See Also

Most Popular

Sky Running Comes to Asia

This February saw the first ever Asian Sky Running Championship race come to Hong Kong. The competition is one of the most physically demanding a runner can put their body through.

Travel Videos

Photo Gallery

Worship Season in Lhasa

Lhasa, capital city of Southwest China's Tibet autonomous region, has entered the worship season. Buddhists from across Tibet come to the Potala Palace and Jokhang Temple for worship.

Hello Kitty Theme Park Opens in Zhejiang

The first Hello Kitty theme park outside Japan officially opened on Thursday, the first day of the year in the Anji county, Huzhou city, East China's Zhejiang province.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords