www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

CHINA> Focus
Lots of bargains but few buyers in store
By Xiao Changyan (China Daily)
Updated: 2008-11-20 08:11

"Half and Half" from contemporary artist Wang Huaiqing. Base price, 4 million yuan ($585,700). Who will start me off?"

Not a single bid was forthcoming, a scenario repeated many times at China Guardian's Grand Fall Auction, a key event in the art world.

The global recession has clearly cooled the Chinese art market and Guardian's fall auction, known as a barometer of domestic market sentiment, was its latest victim. It ended last Thursday with final takings of 360 million yuan ($52.78 million), only one third of the 993 million yuan ($145.6 million) from the company's spring auction.

Contemporary art suffered the greatest plunge. Only half the lots were sold and the highest price among them was only 2.97 million yuan (for Wang Qidong's A White Cloud), while at the spring auction it had been 57 million yuan (for Liu Xiaodong's Hot Bed No.1).

Nor were buyers tempted by the greatly reduced prices indicated by organizers. Wang Huaiqing's Half and Half, for example, failed to attract a bid at 4 million yuan, while at the spring auction Wang made a record 28 million yuan for the painting Homeless Furniture.

Things are so bad that Beijing Huachen Auctions, another big group in China, canceled all its contemporary art sales at its fall auction last week. General manager Gan Xuejun called it a "cautious but necessary" measure amid the economy turmoil.

Three weeks ago, Sotheby's fall auction in Hong Kong only proceeded with half its contemporary art lots.

The slump at the major auction houses seems to mark the end of a four-year boom in Chinese contemporary art, a golden age for artists like Zhang Xiaogang, Yue Minjun and Zeng Fanzhi.

Chinese art website Artron.net also showed a 14 percent fall in its Chinese contemporary art index this fall, compared with the spring, while its benchmark index of 400 top Chinese artists showed a 28 percent decline for the same period.

Mei Jianping, an academic who created the Fine Art index, a widely cited measure of performance in art markets, estimated contemporary art could plunge by 50 percent.

Although the whole industry is beset by pessimism, many professionals insist the end of the good times for Chinese contemporary art could be a blessing in disguise.

"Many Chinese contemporary artworks are overpriced," says Zhang Yiwu, a professor at Peking University. "Now it is time to squeeze out the bubbles."

Dong Mengyang, curator of the annual Art Beijing Expo, shares Zhang's opinion: "Like shares and real estate, Chinese contemporary art has been regarded as newly profitable and most people buy them just for investment, not for art appreciation. The astounding prices of some contemporary artworks have no relation to their art value."

He believes the global downturn and withdrawal of speculators will ease the Chinese contemporary art market into an adjustment phase that will last for at least a year.

Art critic Gao Minglu is forecasting that as much as 80 percent of contemporary artworks will eventually be eliminated and that the prices of those left standing will also fall to rational figures.

Dong agrees: "Chinese contemporary art will benefit from such a cleaning up. Buyers and collectors will resume their intense scrutiny on the artistic value of works."

(China Daily 11/20/2008 page18)

 

 

主站蜘蛛池模板: 一级毛片aaa片免费观看 | 91精品自在拍精选久久 | 精品视频在线视频 | 国内成人自拍视频 | 性欧美巨大的视频 | 高清一本之道加勒比在线 | 欧美日韩一区二区三区视频在线观看 | 欧美特黄视频在线观看 | 欧美顶级毛片在线播放小说 | 男人干女人逼 | 一区自拍 | 日韩国产精品99久久久久久 | 国产精品亚洲欧美云霸高清 | 久久亚洲人成国产精品 | 欧美日本一区二区三区 | 日韩特级毛片免费观看视频 | 亚洲美女视频一区二区三区 | 欧美亚洲另类视频 | 男人添女人下面免费毛片 | 一级欧美一级日韩 | 日韩日韩日韩手机看片自拍 | 成人欧美在线 | 午夜欧美精品久久久久久久久 | 欧美大片一区二区三区 | 国产三级日本三级美三级 | 亚洲综合伦理一区 | 亚洲国产高清一区二区三区 | 香港免费毛片 | 免费一区二区三区视频狠狠 | 亚洲精品天堂在线观看 | 欧美一区二 | 国产特级全黄一级毛片不卡 | 国产成人v爽在线免播放观看 | aaa一级毛片免费 | 亚洲欧美卡通动漫丝袜美腿 | 日本三级香港三级人妇99 | 国产人妖xxxx做受视频 | 国产在线乱子伦一区二区 | 国产在线一区在线视频 | 一区三区三区不卡 | 亚洲日本视频 |