2 Xu Hongfei 272% Sculpture 22 Guangdong 3 Jin Shangyi 225% Oil 11 Beijing 4 Liu Wei 181% Oil 4 Beijing 5 Zhang Xiaogang 84% Oil 7 Beijing Source: Hurun Research Institute with data provided by Artron. Number of Chinese Ink Painters versus Oil Painters The years ago, oil painters dominated with three quarters of the list. Then it swung the other way with ink painters dominating with 70% of the list. Today it is almost half half. Source: Hurun Research Institute with data provided by Artron Stats No. Top Top Sales of Top 50 50 100 of Av. Av. Oil vs Av. Top Sales Top Artist Sales ink Age Artist US$m on US$m US$ List m Wu 2008 50 9.9 9.9 2.4 / 39 vs 10 57 49 Guanzhong Zhang 2009 50 8.2 8.2 2.1 / 36 vs 9 58 44 Xiaogang 2010 50 5.1 5.1 1.3 / 26 vs 20 65 Zhao Wuji 35 2011 50 12 12 2.9 / 25 vs 22 64 Fan Zeng 57 2012 100 14.6 24.9 8.3 2.7 41 vs 57 63 Fan Zeng 149 2013 100 11.6 19.9 6.7 2.5 32 vs 67 66 Zhou Chunya 75 2014 100 12 19.6 6.1 2.5 32 vs 69 66 Zeng Fanzhi 84 2015 100 11 16.8 7.1 3.3 27 vs 74 65 Cui Ruzhuo 76 2016 100 5.6 9.2 3.3 1.4 43 vs 54 64 Cui Ruzhuo 120 2017 100 4.9 8.4 2.3 0.82 47 vs 53 64 Cui Ruzhuo 117 Source: Hurun Research Art List 2017 Rank Sales Change yoy Rank Artist Age Category Change US$'000 %
2 Xu Hongfei 272% Sculpture 22 Guangdong 3 Jin Shangyi 225% Oil 11 Beijing 4 Liu Wei 181% Oil 4 Beijing 5 Zhang Xiaogang 84% Oil 7 Beijing Source: Hurun Research Institute with data provided by Artron. Number of Chinese Ink Painters versus Oil Painters The years ago, oil painters dominated with three quarters of the list. Then it swung the other way with ink painters dominating with 70% of the list. Today it is almost half half. Source: Hurun Research Institute with data provided by Artron Stats No. of on List Av. Sales US$m Top 50 Av. Sales US$m Top 50 Top 100 Oil vs ink Av. Age Top Artist Sales of Top Artist US$ m 2008 50 9.9 9.9 2.4 / 39 vs 10 57 Wu Guanzhong 49 2009 50 8.2 8.2 2.1 / 36 vs 9 58 Zhang Xiaogang 44 2010 50 5.1 5.1 1.3 / 26 vs 20 65 Zhao Wuji 35 2011 50 12 12 2.9 / 25 vs 22 64 Fan Zeng 57 2012 100 14.6 24.9 8.3 2.7 41 vs 57 63 Fan Zeng 149 2013 100 11.6 19.9 6.7 2.5 32 vs 67 66 Zhou Chunya 75 2014 100 12 19.6 6.1 2.5 32 vs 69 66 Zeng Fanzhi 84 2015 100 11 16.8 7.1 3.3 27 vs 74 65 Cui Ruzhuo 76 2016 100 5.6 9.2 3.3 1.4 43 vs 54 64 Cui Ruzhuo 120 2017 100 4.9 8.4 2.3 0.82 47 vs 53 64 Cui Ruzhuo 117 Source: Hurun Research Art List 2017 Rank Rank Change Artist Sales US$'000 Change yoy % Age Category
china-art-hurun-report-2017.docx