Art Market Trends And Value Analysis In China

Since 90s from the 20th century, the cultural industry has attracted global attention with its amazing growth. More and more countries will regard it as an important industry policy to plan. Since the Sixteenth Congress of the Communist Party of China, we have paid a high degree of attention to the development of cultural industries. On September 26, 2009, Xinhua News Agency was authorized to release the "Cultural Industry Promotion Plan".Cultural industry will be identified as one of our development strategies of the next phase to national soft power.Artworks belong to the culture industry, and the art market is also an important part of the cultural market. Through trading arts, we put the cultural industry into different parts; the value of arts is the foundation of the market. At present, in the development of the art market under economic transformation, arts price confusion and fakes are real issues. In addition, due to the impact of the economic crisis in 2008, people began to shift from investment in stock and bond markets to invest in the art market. People are not concerned about the intrinsic value of art in itself, but rather regard them as a symbol of investment capital.With the advancement of our economy, it is necessary to compare the development of the international art market with the same market in China. We can know about the lacks and opportunities, and has a clear grasp about the development trend of China's art market.at the same time, we analysis and desicribe the integration of art market and financial market, then we show the feasibility through market price methed analysis. Following, using hedonic model, we found that art prices have significant correlation with painting size and M1. At last, we use game theory model to research two-party collusion balance (holders of artwork and internal investors). At risk control, we identify risks and control them.Therefore, it is very important to resaerch the development trend of China's art market, to put the value of art in a reasonable position. And this plays a very important role in promoting the development of China's cultural industrie.