Forum held in Beijing to boost the city's art market

Auctioneers, gallerists, scholars and media representatives attended a recent forum in Beijing to review last year's market performance and shared ideas to boost the capital city's cultural scene and art market.

Beijing is the country's major cultural hub and it contributes a large chunk of the consumption of cultural products including gallery artwork sales and auctions throughout the year, but the art market experienced a decrease in deals in previous years. Forum attendees shared analyses of what must be done to regenerate the market through better services, higher industry criteria and deeper cooperation.

One such effort revealed at the forum was the launch of a weekly journal jointly published by Beijing Business Today and the Beijing Association of Auctioneers.

Representatives also discussed the increasing integration of AI in different areas of the art market.