国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Make me your Homepage
left corner left corner
China Daily Website

China's booming art market suffers reality check

Updated: 2013-12-02 10:24
( Xinhua)

 

Since then, the market has grown.

In 2009, because of the amounts that were being spent, the "era of 100 million yuan" had arrived.

"The craze of the market has a close connection with the prosperity of our country," said Yu Ding, dean of Art Administration Department of Central Academy of Fine Art (CAFA).

With more disposable money at hand, people seek an investment opportunity, Yu added.

"Considering what's happening in the stock markets, an excessive amount of money is coming into auctions to bargain hunt, " said Gong Jisui, a professor with CAFA.

The volatility found in property and stock markets no longer promises returns, Gong said.

Hundreds of auction houses have opened over the past decade trying to attract the millionaire class. As a result goliaths like Beijing Poly International Auction Co Ltd and China Guardian Auctions Co Ltd have emerged.

Also, Sotheby's and Christie's have entered the market since 2012.

In October last year, Sotheby's hosted an inaugural auction in Beijing. Christie's hosted its first auction in Shanghai in September, selling $25 million worth of art, jewelry, watches and wine. Sunday's auction was much bigger.

Forgery

But the market has problems.

Analysts have questioned China's art market because of ubiquitous fakes, alleged price rigging and nonpayment.

Fakes are common in art auctions.

Art dealer Lu Jiemin said Chinese law allowed auction houses to have clauses in contracts which exempts them from any obligation if a lot turns out to be a fake.

Therefore, the market has been largely driven by the lure of huge and swift profits.

Wei Pengju, Dean of Cultural Creative Department of Beijing-based Central University of Financial and Economics said the art market is dominated by giant financial organizations.

These may squeeze small investors and individuals who actually care about art, Wei said. "Buyers should be people who are really into it, not those who buy then sell for a good price."

 Zao Wou-ki painting breaks record at Sotheby's China auction

Previous Page 1 2 Next Page

 
 
...
无棣县| 江油市| 新建县| 高邮市| 西青区| 绥江县| 临邑县| 怀来县| 望谟县| 南城县| 黔西| 行唐县| 喀什市| 嘉祥县| 体育| 龙州县| 大兴区| 公安县| 尼木县| 乌审旗| 济阳县| 雅安市| 深水埗区| 微山县| 仪陇县| 黔西| 姜堰市| 松滋市| 夹江县| 都兰县| 图木舒克市| 百色市| 宝坻区| 高平市| 平阳县| 修水县| 西平县| 湖北省| 陆川县| 神农架林区| 嘉兴市|