Currently the world's second-largest art and antiques market, with sales of US$13.7 last year, China could soon play host to Tefaf, the leading art and antiques fair.

In case you missed them the first time around, here are some of Jing Daily’s top posts for the week of December 10-14.

This week, Christie's and the China Europe International Business School (CEIBS) announced a new partnership, which will bring the auction house's educational wing to mainland China for the first time.

The upcoming Christie's contemporary Asian art sales in Hong Kong should see strong bidding buoyed by a more optimistic buyer market, greater scarcity of top Chinese pieces, and the relatively lower prices for blue-chip Chinese and Asian art.

Currently exhibiting his first Hong Kong show of public sculpture at Harbour City, Beijing-based artist Yue Minjun's stature in the contemporary Chinese art world has yet to diminish after nearly 20 years in the game.

Amid a drop in property prices, lower economic growth rates and a crackdown on art importers in mainland China, the upcoming Sotheby's autumn auction series in Hong Kong will test the strength of Chinese demand for art, wine, watches and jewelry as both alternative investments and luxury goods in their own right.

With the attention of the global art auction world firmly on the Greater China market at the moment, observers are eager to see whether economic turbulence has dampened collector enthusiasm or if the fundamental motivations of this buyer class remain intact.

With the autumn auction season approaching, major auction houses are taking stock of what we can expect to see in the Asian art market in the remainder of the year, following lower overall volumes despite record-breaking sales in Hong Kong this past spring.

If there's one major distinguishing factor that sets the art market in China apart from the rest of the world, it's the near impossibility of easy classification.

Running now through the end of June, the largest-ever exhibition of works by Picasso to ever hit Hong Kong, "Masterpieces from the Musee National Picasso, Paris" gives local art lovers the rare opportunity to see 48 oil paintings and seven sculptures by the Spanish-born master.