Chinese contemporary art is sizzling in the overseas
And this high investment, high return investment platform, nor is it to build up overnight.
Zhang Zhongyi recall, in 1993, when the auction has just entered the collection of such transactions in the form fields, the deep involvement of collectors who are qualified, "the King hold back many years finally brought out." However, the 1997 Asian financial crisis has given the collection industry flourished just poured poured cold water.
"Chinese collectors, the big adjustment occurred in 2005, the real events of great significance, is the international capital speculation a Chinese contemporary art." Zhang Zhongyi explained, referring to non-Chinese contemporary art, traditional style with Western characteristics, personal contemporary works.
"Foreign art collection cultural relics investment already very mature, and we just emerging in this field for 20 years. 2005 is a collection of international and domestic capital markets are the most outstanding blend of year, many foreign collectors buy in large quantities of Chinese contemporary art collection cultural relics。"
Zhang Zhongyi, said concern about this new generation of Chinese artists. At that time, many artists do Songzhuang pop art, some of the criticism of the subject matter or form singular works in the domestic acceptance is not high, only sell one or two million. The large-scale foreign capital on the acquisition of such works.
The work was not worth the appearance of foreign auction markets began, "After the sale price of false transactions, etc., worth double soon, some works photographed in the same year, tens of millions is no longer fresh."
Chinese contemporary art is sizzling first overseas, and soon, foreign foundations began to sell at high prices, and domestic collectors are competing to buy. Chinese collectors only to find later, this was a carefully planned hype, serious works of value and price discrepancies, the results to 2008, these works even half the price in 2005.
