日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Falling sales paint a bleak picture for China's art market

By Zhang Yuchen | China Daily | Updated: 2013-03-29 10:43

Falling sales paint a bleak picture for China's art market

A woman examines a piece at Boundless: Contemporary Art in Hong Kong, Sotheby's first auction of Asian and Western contemporary art in Asia, in December. [Photo/Xinhua]

Lack of confidence leaves buyers and investors out of the frame, reports Zhang Yuchen in Beijing.

Spring has yet to warm the hearts of China's auctioneers. Instead, a chill wind is blowing through the art market. In contrast to recent years, the spring auction season, which began in early February, has been a cause for concern rather than celebration.

Perhaps the auctioneers aren't generating enough excitement as they stand on the podium, gavel in hand, calling out bids, but something special is needed to encourage buyers to up the ante and part with their cash.

This year has seen a huge downturn in both the prices paid for individual lots and the art market in general. The trading volume during the 2012 autumn season, which runs from October through December, fell to 29.4 billion yuan ($4.7 million) from 40 billion yuan in the same period the year before.

The decline in prices and trading volume is symbolized by a true event, recounted by Kou Qin, vice-president of China Guardian Auctions. The story has a humorous ring to it, but it has had a chilling effect on buyers and sellers.

A client of China Guardians, who had bid 10 million yuan for a valuable bronze pot, arrived at Kou's office the day after the deal had been made. The client, from Shanxi province, bid for the objet d' art along with several other items, backed by a large amount of money loaned by a couple of friends. Sadly, he had overbid massively and had nowhere near enough capital to settle the bill for the 10 million yuan antique. He had hoped to sell the other items quickly and at a markup, to furnish himself with the funds for the pot, while making a tidy profit.

However, when he arrived at Kou's office, he was forced to admit that he couldn't afford the item and wanted to return it. Having lost most of his initial capital, the man had fallen out with his friends, who had, in turn, extracted a brutal revenge. He lifted his shirt a little to show Kou the marks and wounds left by the severe beating he had endured from his- now furious friends.

"It sounds quite funny, but it's actually not," said Kou. "It's more like a metaphor for what we've all been through during the last couple of auction seasons."

When the market seemed prosperous, a large amount of money flooded into the pool, but was withdrawn at the first ominous sign, said Guan Yu, director of Art Market Monitor of Artron.

In 2011, 26 individual lots attracted bids of 100 million yuan each, which many observers saw as a giant leap that would transform the local art market into one of the world's largest capital arenas. However, their hopes were dashed when only five items hit the 100 million yuan threshold in the whole of 2012.

Related:

Local versus global

Along with China, India is another emerging market for Western art collectors. But unlike the Westerners, Chinese collectors show little interest in southeast Asian art. More...

The challenges facing the market in China

Sources of high-end art works have gradually dried up, leaving auctioneers with depleted resources and facing grave difficulties in the collection of items for auction. More...

The potential of China's art market

Prices of Chinese art works could be set higher if exhibitions, cultural centers, and the curation and planning of shows was improved. More...

 

Falling sales paint a bleak picture for China's art market

Falling sales paint a bleak picture for China's art market

Cornering the market  Auction items on display 

Previous Page 1 2 3 4 Next Page

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 哥斯拉大战金刚2在线观看免费完整版 | 欧美激情一区二区三级高清视频 | 99久久久久久国产精品 | 午夜啪视频 | 欧美片第一页 | 亚洲图片色图 | 欧美激情 自拍 | 91干b| 亚洲精品一区二区三区婷婷月色 | 免费无码一区二区三区A片18 | 手机看片日韩 | 精品国产理论在线观看不卡 | 婷婷色爱区综合五月激情韩国 | 国产精品一二区 | 97国产在线播放 | 欧美综合自拍亚洲综合网 | 精品在线一区二区 | 亚洲性一区| 色网站视频 | 国外成人直播 | 91亚洲国产成人久久精品网站 | 高清一区二区在线观看 | 激情网站 | 91看片淫黄大片欧美看国产片 | 亚洲人在线视频 | 国产高清专区 | 中文字幕在线精品 | 国产精品久久久久免费 | 婷婷精品 | 波多野结衣免费线在线 | 中文字幕视频一区 | 日韩美女一区 | 欧美不卡一区二区三区在线观看 | 国产在线激情 | 精品亚洲一区二区 | 欧洲精品一区二区三区在线观看 | 国产伦理一区二区三区 | 午夜精品久久久久久久99热浪潮 | 精品国产一区三区 | 小明永久视频免费播放 | 亚洲综合首页 |