Chinese art auction questioned

Chinese art auction questioned
There was a lot of doubts about the bubble in the Chinese art auction market, and the transaction volume was only 47% after the auction price of more than a million dollars in the United States.
Dalian Wanda took Picasso's “Two Kids” for 172 million RMB, and surrendered more than 50 million RMB to the dispute between Su Shi’s “Kung Fu Post” and the dispute between the true and the false. It is still inconclusive. The auction market is frequent and the controversy has never been broken. In the just-concluded Hong Kong Spring Auction, the Doo Cai Cylinder Cup set a record high of HK$281.24 million for the Chinese ancient porcelain auction. In recent years, works of art, especially works related to China, have been “fry” out of the market with astronomical prices. In the end, what factors behind are supporting the sky-high price of billions of dollars? Is it the charm of the art itself or the hype of speculation?
Quotes: hot money poured into the sky once more and more people out of the auction

Many in the industry believe that the outbreak of the Chinese art auction market will start from 2010. Wang Shuzhi's handwriting of "Shu Shu Ping An" and the handwriting of Huang Tingjian's "Shu Zhu Ming" handed out successively with 308 million yuan and 437 million yuan respectively and created a new highest auction price for Chinese calligraphy and painting; ” With a record of RMB 137 million, it has broken through hundreds of millions of records of artifacts in the art auction market in mainland China.... With the continuous influx of a large number of hot money and the rapid development of arts and crafts, trusts, etc., the market has quickly surged.
In 2012, after the auction market suffered “Waterloo,” the mainland art market has continued to adjust. According to the Blue Book recently published by China National Association of Auctioneers, last year, there were 3383 (sets) of single-piece auctions of 10 major art auction companies such as China Guardian and Beijing Poly, and their auction turnover between 1 million and 10 million yuan. This is 19.86%, which is higher than the market growth. On the contrary, since the spring auction in 2012, the market’s enthusiasm for pursuing high-priced auction items has significantly weakened. The annual turnover of high-priced auction items with more than 10 million yuan has fallen; the number of auction items with more than 100 million yuan has fallen from 4 in 2012 to 1.
At the same time, more and more Chinese wealthy people are going out to bid for high-priced artworks overseas. Sotheby's, an international auction house, issued an announcement saying that since Sotheby's auction in 2010, the number of mainland Chinese buyers bidding for non-Chinese artworks has increased by 54%, and 530 mainland Chinese buyers have successfully bid. The total expenditure is 378 million U.S. dollars.
According to Christie's statistics from the auction house, Chinese people auction and buy a wide variety of artworks: from British Victorian art, to the works of early master painters, to contemporary works. Last year, the number of Asian bidders registered at the Christie's auction increased by 15%. The number of Chinese customers registered in Hong Kong and London increased by 32% and 21% respectively.
Inside story: Raise the price and make the low price use the sky-high price
In spite of this, there are still many doubts about the existence of bubbles and bureaucracy in the art market. After a picture was auctioned in Hong Kong last year, a Tibetan friend said: "This painting can be used for the entire auction of Hong Kong's Guardian Night Market. All kinds of calligraphy in the Song dynasty, paintings and paintings in the Qing dynasty, various jade ware, bronze ware, lacquer ware , Jade, but also out of 40 million Hong Kong dollars, the art market is really amazing!" Hipsters Xiong believes that this is an important signal for the dealer to take the opportunity to ship. “Some painters know how to use their resources to capitalize. With the constant promotion of brokers, their added value keeps accumulating. Rather than the miracle of the art market, it would be better to say that the power of capital can be overwhelming, and it is amazing and amazing. It is nothing more than trying to get more people to stop doubting, stop watching and enter the market. With more than 100 million yuan worth of artwork, the space for 5 million to 10 million Hong Kong dollars will be sufficient, and it will be natural to go.” It is seen as the dealer's dominant tactics—the sky-high prices abroad, and the domestic manufacturing of the butterfly effect.
More institutions and individuals have adopted **, trust, private equity and other methods to intervene in the art market, and the manufacture and use of certain price tags has become an important means for them. This mode of operation is: auctioned works at high prices - Mortgage Auction Trust - Payment of funds by trust funds. “The flow of funds from the ** Art Trust can be determined by the investment advisor. Some people try to scrounge through the 'fake auction' or 'fake fake' to raise the price of the art. It can be described as empty gloves and white wolf. ”
The speculators will set a fixed commission in advance. No matter how high the last thing is, the commission will only be a little. Auction houses generally file taxes on their own according to the transaction status, and they do not reflect the tax amount of a particular item. Therefore, the tax payment situation alone cannot determine whether or not it is fake. "For some auction houses, if you only earn commission, the transaction price of 1 million yuan can only earn 100,000 yuan, and once the original value of several hundred thousand yuan can sell 10 million yuan, the space will be much larger. "So, there is no lack of market players. Senior industry veteran Hu said that some high prices may not be paid at all. The 2014 TEFAF Global Art Market Report also pointed out that although China's total sales volume of art auctions is second only to the United States, ranking second in the world, as of June 2013, the auction settlement rate for more than RMB 1 million in China was only 47%.
Chinese companies purchase Western top paintings
First, time: November 5, 2013
Location: Christie's New York Auction Night
Artwork: Picasso Masterpiece "Two Children"
Transaction price: 28.16 million US dollars (about 172 million yuan ***)
Pat Master: Dalian Wanda Group
Event Description: "Two Children" is the largest Chinese company to buy top western paintings so far.
Secrets behind high-priced auctions
1 person likes it for collection or gift.
2 Raise the overall price to allow more people to enter the market to pick up the goods.
3 The use of **, trust, private equity and other methods to intervene, while the manufacture and use of certain price tag is an important means.
This mode of operation is:
High-priced art auctions -
Mortgage Lot Issue Trust -
With trust funds to pay the purchase price.
Tianqian chicken cylinder cup past and present life
Second, time: April 8, 2014
Location: Sotheby's Hong Kong important Chinese porcelain and crafts spring shoot
Artwork: Mei Yan Tang's Collection of Ming Cheng Hua Doo Chicken Cup
Transaction price: It was despatched to HK$250 million and commissioned by a commission of RMB281.44 million after adding commission.
Buyer Introduction: Shanghai collector Liu Yiqian, born in 1963, is currently the chairman of Xinliyi Group Co., Ltd. and Tianmao Industry Group Co., Ltd. 2013 New Fortune China's richest list is ranked 17th with 17 billion.
Event Review: This "Cylinder Cup" was once collected by the famous British collector Eskonacchi and the Japanese collector Sakamoto Goro. In November 1980, it shot HK$5.28 million. In April 1999, the price of 29.17 million Hong Kong dollars was auctioned again.
Where is the 200 million yuan kiln?
Third, time: April 4, 2012
Venue: Hong Kong Sotheby's China Porcelain Auction
Artwork: Northern Song Dynasty kiln azure glazed sunflower wash
Transaction price: HK$207.6 billion
Buyer introduction: Although Hong Kong Sotheby's does not disclose the identity of buyers, according to industry analysts, it should be bought by Hong Kong's famous collector Liu Yuxiong. In 2006, he purchased Andy Warhol's masterpieces for HK$135 million. At the end of 2007, he produced the works of the French impressionist artist Paul Gauguin’s “The Morning” at an auction in the US with 310 million...
Event Review: This porcelain was originally owned by the famous collector, Mrs. Evry Clarke, and was later handed over by the Longquan Church in Sasayama. After 1976, it was all hidden in Japan’s private hands.

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