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How Large Space for the Rise of the Value on Chinese Contemporary Art

2007-04-12 16:29:12 未知

New York Sotheby’s spring auction has closed. The “Blooding Series: Three Comrades”, commanded $2,112,000, stayed steadily on the top of artworks at auction. The prices of Yue Minjun’s “Goldfish” and Leng Jun’s “Five Pointed Star” all surpassed a million dollars, respectively created new records for the single artwork of the artist.last year, at the same time, in the same auction house, the “Blooding Series: Comrade No.120” sold for $979,200, broke the record of the Chinese contemporary art auction and became the lead of the art market. Some one said the Chinese contemporary art market is as hot as the stoke industry.But in the end of last year, at Sotheby’s autumn auction, many artworks of well known Chinese contemporary artists did not sold out. the amazing artwork “Blooding Series: Comrade No.120” also fell behind his other works. People can’t help thinking: Are artworks like stocks? Will the price rise and drop in one night? How large space for the rise of the value of Chinese contemporary art? Lin Jiaru, the specialist who participate in the first Chinese contemporary art auction of Hong Kong Sotheby’s, said the 30% collectors came from American and the western countries. That was to say, the selling of the Chinese contemporary art were based on the western collectors on a certain amount. Richards Mark, the dealer of Los Angeles said that flippancy stopped for a while, the market is growing up.Some people affirmed that from a long term, the price of the artwork must rise up. Such words direct more and more people to change their investment from the stock and real estate industry to the art market.”But what about the future of the mainland auction market? The answer should be laid on the group of representative artists. Form the feature of “rebellious” in the eighties of last century to “international” in the nineties, till now, the artists became mainstream and legally. The Chinese contemporary created a culture miracle in nearly thirty years in the world. And Cai Guoqiang, Xu Bing, Zhang Xiaogang, Fang Lijun became well-known by the filtration of the art market. The jump of the contemporary art price really encourages the development of art market in China. But we should not just pay attention on the dealing data, but on the research of the artworks. After all, thirty years is a short time for the artworks to become classics, and some works may disappear in the following days.
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