Core Insights - The contemporary art market is showing signs of a slight rebound in the fall auction of 2025 after experiencing a low for the past 25 years, with both European and American markets witnessing rare price increases [1] - The MM Contemporary Art Market Sentiment Index aims to measure the heat of the global contemporary art market, covering over 33,000 transactions from major auction houses [1] - The MM Contemporary Art Liquidity Index, which assesses the liquidity of contemporary artists' works, indicates that the top three artists with the best liquidity from 2000 to 2025 are all from the United States [2] Group 1 - The MM Contemporary Art Market Sentiment Index reached historical highs in spring 2006, autumn 2016, and spring 2021, while historical lows were recorded in autumn 2001, autumn 2008, and spring 2025 [1] - The index for Chinese art has increased from 1 at the end of 2000 to 6.79 by the end of 2025, reflecting a compound annual growth rate of 8% [2] - The Chinese art market significantly outperformed European and American indices from 2000 to 2025, despite a decline of 11.7% in the overall market after a brief recovery in spring 2025 [2][3] Group 2 - The MM Contemporary Art Liquidity Index is composed of three indicators: the number of auction years, transaction rates, and liquidity [2] - The index includes artists from various regions, with 913 artists from Asia, Africa, and Oceania, 5,578 from Europe, and 1,423 from the Americas [2] - The Asian and African index showed the strongest growth due to the economic development of China and India, although it later experienced a decline, highlighting the high growth and risk characteristics of emerging markets [2]