A batch of Chinese art has made a big splash at the just-concluded New York Asian Art Week, and many people in the industry believe that it is difficult to continue its popularity in the Chinese mainland. However, after a period of more than four years of low valleys, the Chinese art market, which was once close to the frozen, showed signs of snow and ice in the spring. Recently, the relevant authorities investigated the eight illegal institutions in the art market for the market. With the signal, coupled with a small increase in the circulation of the primary market, the art market that has been silent for many years may wake up in a more regulated market environment.
The art market is still in the doldrums
At the Asian Art Week in New York, due to the results of the auction of Chinese art, $406 million of the total sales of $423 million came from auction sales. One of the ancient Chinese art treasures refreshed the history of Chinese art auctions. The turnover rate was 94% and the total turnover was as high as $262 million. Many pieces of Chinese art have sold tens of millions of yuan in price.
The Chinese art market is still showing an overall downturn. “Investors or art dealers continue to wait and see, hehe.†The painter and expert, Gengen Ming, told reporters that there are not many “raw goods†on the market that are cheap and good, and there are several old goods that have been circulated in the auction.
Zeng Boqiang, a porcelain expert, also expressed helplessness to the market. "The auction house can only reduce the quality. Like the second-line auction house in Beijing, in order to make the transaction rate, the price of the official kiln is not too high, so as to lower the price. He believes that the transactions in the top markets do not reflect the real situation of the market, and the market in New York is not very relevant to the mainland market. An antique dealer frankly said that he is currently selling ordinary low-end goods. Even if he loses a little, he can at least partially transfer funds. "Now everyone is playing psychological wars to see who is at the end."
Previously, the art market has always had a low level of confidence. The direction of the Shandong market, which is the vane of the national calligraphy and painting market, has been particularly concerned by the market. The reporter learned from the Shandong market that many artists had obtained funds in the market during the peak period with a large amount of mortgages for contemporary painting and calligraphy, and then they went into the market. After the market suddenly fell and the price was low, they were in trouble. To solve the problem, they could only borrow money for painting and calligraphy. Come back to the interest on a loan.
Art market
Market systemic risk has been controlled
In recent years, the art market has “washed†many big experts. In the jade circle of Beijing, there was a big expert who raised nearly 2 billion yuan to operate the jade market through financing and loans. After the capital chain broke, it disappeared. According to industry insiders, there are also such big experts in the calligraphy and painting market.
The industry believes that after several years of adjustment, the systemic risks of the Chinese art market have been controlled. A Shandong art dealer told reporters that some of the painting and calligraphy operators around him returned to the original unit work, some re-started business, some depended on inventory and the original customers to maintain their livelihood, and only a few were eliminated by the market because of the use of capital leverage. According to him, the lack of concentrated outbreaks of bad debts will also benefit from the bank's increased mortgage conditions. For example, the original mortgage painting can obtain 50% of loans, and now it can only mortgage modern paintings and calligraphy to obtain a very small loan.
In the eyes of some industry insiders, the Chinese art market has shown signs of melting snow. Mr. Su, an operator of an art institution in Shandong, told reporters that the price of contemporary paintings and paintings dropped to 30%~40% of the peak period last year and it is difficult to deal with. This year, he visited Zibo, Weifang, Qingzhou, Yantai and Qingdao to discover the market. The trading began to appear, and some transaction prices can reach 40% to 50% of the peak period. In his view, once there is a deal, it proves that the market is still saved.
Qi Genming also learned that many galleries and art institutions have recently opened. He believes that this means that the market is showing signs of recovery, and that it is possible for the galleries, art shops and art institutions to return to the "first home" of the art market.
At the same time, the art industry has also begun to “self-rescueâ€. For example, during the Chinese Painting Festival in Weifang, Shandong Province in mid-April and the “Hanmo Qingzhou†at the end of April, the gallery industry will hold a gallery fair. Mr. Su said: "Businesses are unprofitable. In the past few years, no one is willing to hold events. Now they are willing to cooperate and prove that they are optimistic about the market."
Industry shuffling is good for the market
Recently, the relevant departments investigated and dealt with eight art institutions. The reasons for investigation included the operation of prohibited artworks or forged artworks, and the maintenance of original documents, sales contracts, ledgers, books and other sales records related to transactions were not retained. Guo Qing, director of the Ink Village Art Museum, believes that this is an important signal that the Chinese cultural industry is facing a re-layout. The reorganization of the art market will remove the unregulated factors that are unfavorable to the development of the industry.
In his view, the “shuffling†of the industry in recent years has benefited all parties in the market. He used his own experience as an example. When the market was very hot, he held a lot of pressure on academic exhibitions because the operators over-conceived the low-end consumption of the market, the painters were busy dealing with the market orders, and no one was willing to talk about academics. In the past few years of the market downturn, more than 20 academic exhibitions he held each year have received the attention of the industry and the public. The organization is advertised as “academic auctionâ€, and the artist re-engages in creation, reflection and learning so that the market can come in the next wave of market. I have fixed the "internal strength" before.
However, most people in the industry do not believe that the art market can achieve "counterattacks" this year. Mr. Su told reporters that even if the market can recover to the price level of 2013~2014, it will be difficult to return to the highest peak. “And we all know that the price of 100,000 yuan per square meter in 2014, even if one day in the future It is also not the same value to return to this price." Guo Qing believes that the market recovery is inevitable, but I hope that the market will not be eager for quick success in the new wave of market, and be alert to the future wave of a new wave.
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