March 30, 2007,,on the “First Seminar of the Art Bank Form for Collection” held in Qiang Art Museum, the related professor thought that 80% of Chinese contemporary artworks would be eliminated from the art market. In recent years, the concept of “Art Bank” rose slightly in some places such as Beijing and Shanghai. However, the professor considered that the art bank could not standardize the market. Phenomenon: the collection of contemporary art enjoys the favor of public“Blood Series: Three Comrades” of Zhang Xiaogang topped at US 21,120,000, “Goldfish” of Yue Minjun and “Pentagram” of Leng Jun have reached US 1,000,000 at New York Sotheby’s spring auction. The prices all broke the record of the auction price of their single paintings. In recent two years, the painting prices of contemporary artists such as Zhang Xiaogang, Fang Lijun and Liu Xiaodong jump sharply as well as the other artists.Behind the phenomenon: dealers manipulate the art marketBeside the renewed vitality of the art market, one more important reason for the price boom is the manipulating of dealers behind the scenes. The director of Century Wall Art Center indicated that it was normal to raise the price of artworks artificially. For example, we always heard that the work of an unknown artist sold at RMB 1,000,000 or more, but when we look up the materials, we can not find any national award in it. Generally, there is something sneaking behind the scenes.Suppose the price of the work of an artist is RMB 100,000, after his auction price reaches RMB 1,000,000 twice by biddings of his own or others he asked, his other works will rise up to RMB 500,000-600,000 for one, equals to the price of his three or four works. A related critic states that the similar speculation also happens on the works of well-known artists. For instance, in the bidding house of Sotheby’s, the oil painting “Goldfish” just competed by three buyers on the phone, no one joined it on the spot. Finally the price was fixed at US 1,384,000, more than RMB 10,000,000, and much higher than expected by the people in the art field.Bubbles: 80% of contemporary art works will be eliminatedThe notable art critic Gao Minglu thought 80% of contemporary artworks would be eliminated as time goes by. He indicated that in western countries, the contemporary art showed its maturity after the World War Ⅱ, but the big auctions just organized in recent years. Compare to the Chinese contemporary art, it is so fast to join in such auctions. And now the situation becomes more and more serious. Many artists imitate the styles of the well sold artists, they don’t understand that art should reflect daily lives, without the felling towards life, who can they crate fine art works.Research: no academic basis is a hidden trouble of the collection marketLacking academic foundation accounts for the big bubble appears in the contemporary art market. Mr Gao introduced that the collection of the western contemporary art are based on deep academic researches. Take Andy Warhol as an example. In American, there are more than ten researching books about him, with which collectors can clearly know his statue in the art field and the characteristic of his artworks.Come back to China, Zhan Xiaogang becomes famous in recent years, but who has patiently done the research of him? Fang Linjun has been a well-known artist for many years. However, we can only see one or two albums of paintings but no academic books about his works. Without the support of theories from the art field, collectors can not figure out the right directions, easily dropping into the trap made by the illegal dealers. Appear: the enlargement of the “Art Bank” in Beijing and Shanghai How to collect the 20% competitive artworks? At the end of 2006, the concept of “Art Bank” appeared in Beijing and Shanghai.The director of Century Wall Art Center introduced that the “Art Bank” sold and lent the artworks to clients, bought other new works and supported new artists in modern art research, publications and promotions. Most of their clients were corporations, hotels, and embassies. Collectors who came to such places should sign a contract that within several years, the “Art Bank” entrusted to sell his or her collected artworks, and the “Art Bank” made sure that it would buy the work unless it is sold out. Thought the commission was 10% to 20% higher than the price of the painting, in order to protect their own rights, many art lovers select to buy works from such “Art Banks”.Further: “Art Bank” can not standardize the art marketSome experts showed that though the concept of the “Art Bank”can help the collector to prevent risks, this organizations run for profit, and can not be trust to smooth out the traps and bubbles in the market. What we need is the involvement of art critics to collection affairs, and then the results of their research can tell collectors what good art is and how to avoid bubbles.