About the MM Art Indices

Art can be a strategic asset, which means buying or selling art is hardly subjective. To offer a quantified framework for investment in the world of art, CKGSB Professor of Finance Mei Jianping and SDA Bocconi jointly launched the MM Art Indices, a set of data-driven art investment benchmarks monitoring and evaluating art markets across Asia, Africa, Oceania, Europe and the Americas.

The MM Art Indices are compiled based on auction data (since 1873) from Sotheby’s, Christie’s, and Phillips in cities including New York, London, Shanghai, Beijing, Paris, Hong Kong, Milan, Dubai, Amsterdam, and Cologne. The Indices, setting the stage for more transparency and rigor in a market that has traditionally lacked standardized benchmarks, are an extension of the previous MM Chinese Art Indices (released in 2023 by CKGSB), covering trends in Chinese art investment.

The MM Art Indices include:

• MM Continental Art Price Indices
  • MM Asia-Africa-Oceania Art Price Index
  • MM Europe Art Price Index
  • MM Americas Art Price Index
• MM Chinese Art Price Index
  • MM Chinese Ink Painting Index
  • MM Chinese Oil Painting Index
  • MM Chinese Contemporary Art Index
  • MM Chinese Modern Art Index
• MM Chinese Art Sentiment Index
• MM Chinese Art Liquidity Index

The indices are produced by CKGSB Professor of Finance Mei Jianping, SDA Bocconi professors Andrea Rurale and Brunella Bruno, New York University retired professor Michael Moses, and Shanghai Academy of Social Sciences retired researcher Jiang Guolin.