Sotheby’s has become the first international fine art auction house to conduct a sale in mainland China on September 27th. The largely symbolic auction saw Self and Self Shadow, a contemporary sculpture by Beijing-born artist Wang Huaiqing, sell for 1.4-M Yuan (US$222,222). The auction was staged in celebration of Sotheby’s joint venture, signed only last […]
“Chinese collectors today “have a much greater idea of what’s good and what’s rare” Article Tastes Broaden, and Sellers Follow Suit by Jason Chow on Wall Street Journal’s blog “It may not come as a surprise that, among Asian collectors at least, homegrown artists were a priority.” on Wallpaper Art HK 12: highlights from the contemporary […]
This article originally appeared in The Guardian Sotheby’s Asia, which is headquartered in Hong Kong, recently auctioned a Chinese painting from the imperial era. Bidding had reached the tidy sum of $320,000 and Kevin Ching, the company’s CEO, was on the phone to a client on the mainland. All of a sudden his client made a […]
Eastern promise For international contemporary art dealers, the Chinese market has mostly been about the promise represented by its growing class of high-spending consumers—and, boy, has the art world invested in that potential. In the past year, Gagosian Gallery opened its first Asian outpost in Hong Kong, and White Cube announced that it will open its […]
Of course, art market participants are being cautious, fearing contagion of the nervousness surrounding the global economy to the art market. Nevertheless, the results of the major Hong Kong sales kicking off the new season don’t seem to reflect any particular anxiety. The 23% unsold rate at Sotheby’s Contemporary art sale on 3 October 2011 […]
Upcoming Ullens auction at Sotheby’s Hong Kong as a start for new Chinese collectors and as UCCA new foundation?
Essentially, Ullens appears to see the coming sale as a positive thing for the cultivation of newer art collections in China. After the sale, which is expected to raise millions, Ullens will be able to put UCCA on a stronger foundation, while simultaneously seeding dozens of new art collections throughout mainland China and Hong Kong. […]
A total 124 of galleries are participating in Art Taipei this year, drawn by the well-earned reputation of the Taiwanese as the leading collectors of modern and contemporary art in Asia. Regional galleries dominate the scene, with the Taiwanese out in force and serious participation from leading players in Japan, mainland China, and Hong Kong. […]
If you are interested in the evolution of the Chinese art Market, I invite you to read this article about “Doing business at artHK” on art law gallery’s blog.
According to Thierry Ehrmann, founder and CEO of Artprice, the world leader in art market information, “this unprecedented news represents a turning point in the history of the global art market: China is now the number 1 in terms of Fine art auction revenue”. It took just three years for China to jump from third […]