{"id":41210,"date":"2026-03-30T01:08:04","date_gmt":"2026-03-30T01:08:04","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/41210\/"},"modified":"2026-03-30T01:08:04","modified_gmt":"2026-03-30T01:08:04","slug":"sketching-a-recovery-chinas-art-market-puts-next-gen-buyers-in-the-frame-amid-slowdown","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/41210\/","title":{"rendered":"Sketching a recovery: China\u2019s art market puts next-gen buyers in the frame amid slowdown"},"content":{"rendered":"<p><a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/news\/hong-kong\/society\/article\/3347730\/visiting-galleries-may-keep-artworks-hong-kong-months-due-shipping-chaos?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">China\u2019s art market<\/a> is showing tentative signs of recovery despite economic pressures, according to UBS, which cited rising participation from the next generation of wealthy families.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cWe have been seeing a rebound, with more trips for auctions and purchases [in China],\u201d said Amy Lo Choi-wan, chairman of UBS Global Wealth Management Asia and CEO of UBS Hong Kong, in an interview with the South China Morning Post. \u201cSo I am optimistic.\u201d<\/p>\n<p>Despite a prolonged <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3348155\/chinas-property-downturn-grinds-foreign-suppliers-strive-adapt?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">property downturn<\/a> and <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3303369\/economist-michael-pettis-chinas-consumption-paradox-and-pitfalls-trade-war?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">weak consumption<\/a>, China\u2019s art market eked out a marginal increase of more than 1 per cent year on year to US$8.5 billion last year, still the world\u2019s third-largest market after the US and the UK, according to UBS.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">A key driver is the ongoing transfer of wealth from founders of family businesses to their successors. UBS estimated that about US$83 trillion would change hands globally over the next 20 to 25 years.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">In China alone, more than 3 million private enterprises were expected to undergo intergenerational succession within the next decade, according to a 2025 report by a unit under the All-China Federation of Industry and Commerce.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Some major companies, including Wahaha and Country Garden, have already transitioned to second-generation leadership.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s art market is showing tentative signs of recovery despite economic pressures, according to UBS, which cited rising&hellip;\n","protected":false},"author":2,"featured_media":41211,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[129],"tags":[23918,3261,13742,23915,351,23917,3260,23920,19347,23919,7855,223,19678,74,23916],"class_list":{"0":"post-41210","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ubs","8":"tag-all-china-federation-of-industry-and-commerce","9":"tag-amy-lo","10":"tag-art-basel-hong-kong","11":"tag-carola-wiese","12":"tag-china","13":"tag-country-garden","14":"tag-hong-kong","15":"tag-jimmy-o-yang","16":"tag-kasing-lung","17":"tag-labubu","18":"tag-south-china-morning-post","19":"tag-ubs","20":"tag-ubs-global-wealth-management","21":"tag-united-states","22":"tag-wahaha"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116315455615677652","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/41210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=41210"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/41210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/41211"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=41210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=41210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=41210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}