Cheung Kong Graduate School of Business Professor Releases the 2023 Annual MM Chinese Art Indices
BEIJING, Jan. 11, 2024 /PRNewswire/ -- Cheung Kong Graduate School of Business' Professor of Finance, Dr. Mei Jianping, releases the 2023 annual MM Chinese Art Indices, which comprise of four new sub-indices and an individual artist index.
- BEIJING, Jan. 11, 2024 /PRNewswire/ -- Cheung Kong Graduate School of Business' Professor of Finance, Dr. Mei Jianping, releases the 2023 annual MM Chinese Art Indices, which comprise of four new sub-indices and an individual artist index.
- The latest edition of the MM Chinese Art Indices shows that the Price Index rose between early 2001 and the end of 2023 from 1 to 9.5, at an annual compound growth rate of 10.3%.
- From 2001 to 2023, the MM Chinese Art Price Index outperformed the Impressionism Price Index, with a compound annual growth rate of 2.1%, as well as the Contemporary Art Index, with a compound annual growth rate of 6.4%, a signal of the investment value in Chinese art.
- The Modern Art Index considers Chinese artists born before 1911, and the Contemporary Art Index studies those born after 1911.