Contemporary art collection cultural relics whether the investment function as antiques promising?
Auction market on the mainland for the autumn auction in 2004 was a turning point, since then, oil prices began to boom the contemporary situation at that time, and now similar to the antique market. Remember at least 50 million now one of the works of Zeng, was sold only 25 million.
In fact at that time, I just want to know who painted like the mainland within two years, Wu Guanzhong, Lin and other front-line artist's paintings as art, Liu Ye, Zhou Chunya, Zeng, Liu Xiaodong and other contemporary artists stand out because of creative strength, until Now, they are also very valuable painting. Also have heat carried away, and one works for three years up to 50 times or 100 times, artists get rich collectors to buy these paintings were all later caught.
Add to this industry, Xing businesses ago, before the decline in trades and industries. Before the financial turmoil of 2008, I exhort some painters, not squandering money, the results do not listen to a lot of people are now so poor that a studio can not do. Stage in the economic downturn, many professionals will conduct the art market "correction" that is filtered, only rational view of the real gold work.
Buying antiques is an investment, as long as the purchase is right, it is safe. But precisely because it is has been draw a conclusion, the message is clear, I would like to use it to do short-term investments, make big money buying and selling is not easy, more suitable for long-term investment.
Investment in contemporary art collection cultural relics is speculative, if touched on, you can turn a few times a hundred times the price. But do not buy on the simple, is a major problem.
Past 5 years, the contemporary art collection cultural relics investment gone from boom to bust in the process, which is hot right now there is an indicative role in antique, contemporary art collection cultural relics investment feature is promising as an antique?
Jeff Hsu: In 1999, I started to the mainland to buy the works of contemporary artists. In fact, the rise of oil painting in 2004, and I also have a little relationship. Before 2004, only Jia Dehua into two mainland auctioned painting, are hard, so they really live together, in fact, the 2004 Shanghai and Beijing Poly Auction Contemporary Hanhai adding art collection cultural relics of which wave boom.
The fall of 2003, Chinese ink painting with a huge crash, 100 million collection, only six months, the price fell by 40 million. At that time I invested in Shanghai and Beijing Poly Auction Company Hanhai two mainland oil painting department in the fall of 2004, I brought a lot of contemporary painting in Taiwan and the mainland, conducted two auctions in Shanghai --- Poly auction photographed a work of more than 6000 million; in Beijing Hanhai auction, a piece of work took more than 7000 million. Contemporary art collection cultural relics investment suddenly on fire.
