In 2009, Christie’s Hong Kong sale of Asian Contemporary Art and Chinese 20th Century Art achieved a combined total of US$50.2 million (RM171 million) in sales, a 48 per cent increase on the previous year. UK-based ArtTactic Research found that 62 per cent of survey respondents believe that the Chinese art market direction will be flat for the next six months, with 29 per cent believing that the market will go up from here. Only 10 per cent believe that the market will fall further.