China Overtakes Britain as the World's Second largest Art Market - ArtLyst

China has overtaken Britain as the world's second largest art and antiques market .The dragon economy over took the UK last year as mainland buyers proved they were important players on the world art market stage. British art professionals have voiced concern about the planned EU levy on art, known as the Droit de Suite which comes into effect in 2012 The levy is aimed at the sale of works by living artists and was introduced in the United Kingdom in 2006 via an EU directive.  Read More...