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The Market Status of Multimedia Art

Last editing time 2016-05-17 22:49:22

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With the development of science and technology, the multimedia art has grown rapidly for the past few years. A group of young artists start to attach attention to reflecting people’s living states in their multimedia art works and expressing their own perceptions and thoughts. 

At present, few collectors have kept an eye on new media works. Thus, the trading volumes of those works are limited. Therefore, Chinese auction market is still in its traditional status with few multimedia art works. Because many people believe that the multimedia art works like VIDEO can be duplicated again and again, so it is almost impossible for those works to be sold at over one hundred thousand yuan.
Now quite a number of excellent multimedia art works are sold at a very low price, especially in China ranging from over ten thousand yuan to less than two hundred thousand yuan.
Hence, it is a good timing to collect those works. However, it is not the right time for investment, since it might take quite some time to get return.

In the late 1980s and early 1990s, some international collectors purchased a series of contemporary art works that were not valued in the market at very low prices and sold them out at double prices when Chinese contemporary art market began to brisk up. The multimedia art in China is now at the same situation.

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