Hurun list tracks slide in art sales

Last year was tough for art, with only nine Chinese artists seeing sales increases. Four artists doubled their sales, however, led by 80-year-old artist Jin Shangyi, according to the Hurun Art List 2014, released on Wednesday in Beijing.

The average sales figure of the Hurun Art List was down one-third, compared with last year, reaching only half the peak of the 2012 list.

The Hurun Research Institute, in association with Artron, China's largest compiler of art statistics, launched the list based on the sales of works at public auction in the year ending Dec 31. This is the seventh year of the Hurun Art List.