日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
China
Home / China / Cover Story

Art market chills in spring

By Zhang Yuchen | China Daily | Updated: 2013-03-29 08:15

Art market chills in spring

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.

Art market chills in springSpring 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.

Previous Page 1 2 3 Next Page

Editor's picks
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: 男人的天堂欧美 | 亚洲精品高清视频 | 欧美顶级毛片在线播放 | 欧美不卡在线视频 | 91最新网址 | 看黄色大片 | 亚洲毛片在线观看 | 一区二区三区中文字幕在线观看 | 四虎福利视频 | 久草免费av| 国产精品久久久久久久久久免费看 | 久久综合久久综合久久综合 | 在线免费av观看 | 亚色综合 | 男人天堂a| 在线观看视频中文字幕 | 国产精品成人国产乱一区 | 黄色片aaaa| 成人免费一区二区 | 日韩成人三级 | 超碰在线中文 | 成人免费精品视频 | 亚洲七区 | www.黄色com | 青青国产视频 | 一级片一级片 | 98视频在线 | 欧美日韩在线综合 | 日韩免费一二三区 | 99热超碰在线 | 偷拍亚洲综合 | 亚洲综合在线观看视频 | 亚洲黄色精品 | 国产欧美日韩久久 | 国产最新自拍 | 精品自拍偷拍视频 | 高清日韩 | 偷拍久久久 | 一区二区三区精 | www.精品国产 | 久久久精品综合 |