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 Contemporary Art Price Index
- MM Contemporary Art Sentiment Index
- MM Contemporary Art Liquidity Index
- MM Impressionist Art Price Index
- MM Impressionist Art Sentiment Index
- MM Continental Art Price Indices
- MM Asia-Africa-Oceania Art Price Index
- MM Americas Art Price Index
- MM Europe Art Price Index
- MM European Country Art Price Indices
- MM Italian Art Price Index
- MM French Art Price Index
- MM German Art Price Index
- MM UK Art Price Index
- MM European Country Art Sentiment Index
- MM Italian Art Sentiment Index
- MM French Art Sentiment Index
- MM German Art Sentiment Index
- MM UK Art Sentiment 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.
Latest Survey Findings
The Spring 2026 report reveals that following a global market recovery in 2025, the Spring 2026 auctions extended this momentum. Market sentiment has significantly improved, nearing its historical average. Notably, the MM Chinese Art Price Index showed after a brief downturn in last autumn’s auctions, prices of Chinese Art stabilized and rebounded in the spring, leading to a robust compound annual growth rate (CAGR) of approximately 7.8% over the past 25 years.
Tracking the market post-pandemic, the report notes that the global art market has shown distinct signs of recovery for two consecutive years. Commenting on these findings, Professor Jianping Mei stated: “Over the past 25 years, the growth of the global art market has severely lagged behind global wealth creation. This spring auction season indicates the onset of a market revival. Considering the massive wealth generated over the past quartercentury—particularly driven by recent breakthroughs in AI technology—the current market presents a historic window of opportunity for art collection and investment.”
Please check the reports below for latest findings. For more information, or to arrange an interview with Professor Mei Jianping, please email xftian@ckgsb.edu.cn
