HONG KONG -- China's art sales slumped last year as harsh COVID-19 curbs and declining wealth in a slowing economy hurt demand.
Business trends
China art market slumps on virus curbs, falling wealth: report
Hong Kong, mainland sales drop 14% in 2022 to $11.2bn as U.K. overtakes China
2023-03-23T092145Z_1995200756_RC2IZZ9Y4XTV_RTRMADP_3_ART-BASEL-ASIA.jpg?width=780&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto)
Art Basel's Hong Kong event drew 86,000 visitors this year after the government lifted coronavirus restrictions. © Reuters
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