China now world's second biggest fine art market. China is now second only to the United States when it comes to the size of its art market, overtaking the United Kingdom, according to research by the European Fine Art Foundation. Some 23% of all the world's fine art trade now takes place in China, compared with 34% in the United States and 22% in the United Kingdom. The global art market is estimated to be worth €43 billion, up 52% on 2009, when it did not do well (as a result of the...