Chinese art market expected to recover

The once-hot art market is expected to recover in China, according to recent market research.

In the next three years, wealthy Chinese individuals will have a stronger appetite to invest in art and antiques and less willingness to invest in monetary assets, according to the annual Hurun Chinese luxury consumer survey released in January.

Calligraphy and paintings continue to take the lead this year as wealthy people's "favorite collectibles", followed by jewelry, watches and contemporary art, the report said.