Canvas and Capital: How Shanghai's Art Market Defied Global Trends in 2024

SECTION 1: MARKET MECHANICS1.1 The Auction Phenomenon• 2024 spring auctions totaled $1.2 billion (37% YoY growth)• Case study: Long Museum's record-breaking Zao Wou-Ki sale• Emergence of Shanghai-based auction houses1.2 Gallery Geography- Wes