How is the auction house industry developing?

Since 20 16, the number of auction enterprises in China has increased year by year, and the annual transaction scale has increased as a whole. However, due to the low entry threshold of the industry, the phenomenon of large number and small scale of auction enterprises is obvious, some enterprises have difficulties in operation, and the income and profits of auction enterprises continue to decline. During the Spring Festival, the epidemic situation in COVID-19 spread rapidly, and the auction business, mainly offline auction, was also seriously affected. Thanks to the effective control of the epidemic and the accelerated pace of returning to work, the turnover has increased, reaching 838.705 billion yuan in 2020.

The number of auction enterprises has increased year by year, with 60,000 employees.

In recent years, the number of auction enterprises in China has increased year by year. By the end of 65438+February in 2020, there were 8565 auction enterprises and 262 branches in 3/kloc-0 provinces (autonomous regions and municipalities) and Xinjiang Production and Construction Corps.

In recent years, the number of employees in the auction industry in China is relatively stable. The total number of employees in auction enterprises is above 60,000, and the number of registered auctioneers is above 1 10,000. In 2020, there were 1 1680 registered auctioneers nationwide, and the total number of employees in the auction industry exceeded 63,000.

The overall turnover scale increased throughout the year, and the auction turnover rate increased year by year.

In recent years, the total turnover of the auction industry in China has shown an overall upward trend. During the Spring Festival, the epidemic situation in COVID-19 spread rapidly, and the offline auction business was also seriously affected. Thanks to the effective control of the epidemic, the pace of enterprises returning to work has accelerated and the turnover has increased. In 2020, the total turnover of auction industry in China reached 838.705 billion yuan, up by 15.39% year-on-year.

Since 20 16, the number of lots in the auction industry in China has shown an overall upward trend, and the turnover rate has increased year by year. In 20 19, the turnover rate of auction industry in China reached 77. 13%. In 2020, the auction transaction volume of China's auction industry reached 9998 1, and in the fourth quarter of 2020, the auction transaction volume of national auction enterprises was 29,539, an increase of 14.438+06% compared with the same period of 20 19.

Note: The number of auctions in China in 2020 has not been announced.

Both income and profit levels continued to decline, and the average commission rate hit a record low.

In terms of industry benefits, the main business income of China auction industry in 2020 was 4.845 billion yuan, which was significantly lower than that in 20 19. In terms of industry profitability, since 20 16, the average commission rate of the industry has continued to decline, and will drop to 0.58% in 2020, a record low.

Note: The profit of the main business of China auction industry in 2020 has not been announced.

-For more industry-related data, please refer to the Analysis Report on Market Foresight and Investment Strategic Planning of China Auction Industry by Forward-looking Industry Research Institute.