ArtTactic report shows Chinese Contemporary Art market is slowing down

The confidence in the Chinese Contemporary art market has been increasing since ArtTactic launched its first Chinese survey in February 2009. However, recent findings could suggest that the market is slowing down after 3 years of rapid growth. Though it remains firmaly above the 50 level, showing continuing optimism, the ArtTactic Confidence Indicator  decreased 5.7% from 80 in November to 76 in May.