"Art Auction" in the vocabulary of the Chinese art world love and hate. 2010-2012, the spring auction, the autumn auction repeatedly hit astronomical, so that buyers immersed in a capital-flying excitement among the haunting "noise" investors have heart concerns, such as "unsold", "drop the hammer, account yet to come," hype than actual Guaixiang, against the background of a strange landscape of contemporary Chinese art auction market. The specification is missing, supervision and the absence of the drawbacks is exposed Vital moment Arts shoot circles trying to hide something.
The frequent occurrence Mainland and chaos "Art shot" compared Hong Kong Arts pat community is different outlook. April 5, China Guardian [microblogging] (Hong Kong) 2013 Spring Auction will be held at the Island Shangri-La Hotel, The entire auction will be valued at more than HK $ 200 million. As a the Mainland art auction weathervane "CapitaLand soon as he entered the Hong Kong to usher in the" big action ", which also corroborated the three global auction of all," said for nothing --- Hong Kong Arts pat the soil in the end What is the core appeal, so the Mainland and the world at auction giant rush have to inject stationed? Of Mainland Zhexiang chaos continued, Hong Kong that the car is in order, do not exist in this area arts film "one country, two systems" Why?
Auction heritage "boost Hong Kong Arts shoot transactions are
This year, opened the spring auction "a center of the drama, not Beijing, Shanghai, the city itself as a" cultural capital ", all auction main actually have tentacles in Hong Kong. The three auction giant Hong Kong Sotheby than [microblogging], China Guardian (Hong Kong), Hong Kong Poly almost assembled at the same time holding an auction in Hong Kong, which also makes this spring to beat the war rather Aspect.
In addition to the Guardian, Sotheby's Hong Kong also resorted to 3100, a total value of about $ 1.7 billion, "crown jewels" Poly Hong Kong launched the 1000 valuation of HK $ 400 million at auction, "billions of dollars" has become the Hong Kong Arts shoot giant have boosted the prestige of the important keywords.
Although Hong Kong Arts shoot and the Mainland, but also the tradition of the "high price" and complex, but, over the years, but rarely negative news, "unsold" nearly extinct, like "There is no market price" farce --- than The high integrity index and norms Index, is the heart of Hong Kong has been insisting since the 1970s start the "Arts and shoot, the Hong Kong Arts shoot operation for nearly 40 years" almost no noise, "a key factor.
In the 1980s and 1990s, the Hong Kong Arts beat "usher in a critical period of development, a relatively perfect growing art trade system completed. For example, in addition to the auction houses such a transaction institutions, fairs, galleries, art financial markets like two lineup echoes with large, medium and small auction house perform their duties, each works of different file-level resources, customer resources, complementary and contact. The original, as early as in the late 1980s, this mere tiny town of more than 1000 square kilometers has been the formation of a highly sophisticated supply intermediary to the terminal part of the art trading chain, while the broader land, cultural heritage more lucrative many mainland metropolis, art trading chain so far are still more or less the status of the "mangled".
Hong Kong the "Auction heritage", is also far from small agricultural era slow transition to commercial civilization's most mainland cities can match. Today, most of the Hong Kong Arts shoot predators "has a long historical background --- for example, Christie [microblogging] Hong Kong Limited under the London Christie's auction company, which was established in London in 1766, is the oldest in the world one of the art auction house; Sotheby's Hong Kong also London background, founded in 1744, it had an early business books auctions provide trading opportunities for the large-scale collection of books in the history of distinguished people such as Napoleon.
And related regulations, normative system, Hong Kong has a high degree of perfection. Auction bill, Hong Kong is the continuation of the laws of the United Kingdom, and to date more than 200 years. The other hand, separated by a river in Shenzhen, the time of the first auction house to set up in 1991, while the first auction regulations published in 1999, the Shenzhen Special Economic Zone property auction Ordinance, art, culture auction rules, it is even more lag and absence.
Hong Kong legal profession, the definition of "sham auction" more "hype marketing no Dunxing. Hong Kong commercial law "sham auction Ordinance provides that if auction price paid is less than the highest price, be referred to as a" sham auction ". "Any person who promotes or under the auspices of, or to help initiate or assist in presiding at a mock auction, shipment or more of a number of goods sold in the auction or to arrange a sale, commits an offense and is liable to a fine of $ 20,000 and to imprisonment for five years." In October last year, the Hong Kong Cultural Exchange established auction delisting system, revision of works of art available for sale and trading rules, is also in the hundreds of millions of millions of huge sums of money to the buyer on an "insurance".
The 2013 Culture Blue Book - "Chinese Cultural Industry Development Report (2012 - 2013)" Culture Research Center of the Chinese Academy of Social Sciences, Social Sciences Documentation Publishing House jointly issued disclose: China's performance, especially in the global art market. The world-renowned authority Artworks website Artprice's annual art market report released shows that the global art trade turnover in 2011, the international transaction volume in the Chinese art world ranked first, accounting for 41.4% of the global market, the equivalent of the United States and Britain sum. Artist gross turnover top 10 Chinese artists occupy six seats, Zhang Daqian doing my part to occupy Picasso sit tight in the 21 years of dominance; same time, in the top 10 cities in the global art market, Beijing Hong Kong, Shanghai, Hangzhou and Jinan accounted for half of the country.
Chinese cultural market will usher in a large-scale reshuffle and the wave of mergers and reorganizations, the driving force of the development of cultural industries from investment to consumption, the development mode from quantity and scale to quality and efficiency.
, One night last december(Just various after $240bn ) ￡158bn, Had been wiped off the US wall street game-The New York branch of ah Christie's held a record.
Splitting sale, Art continues to defy economic downturn and the headwinds. And it is perhaps unsurprising that investors buying safe place to put their money are increasingly taking notice, In a new report-The money spent on art as a pure investment – rrnstead of to hang on the wall – soared by two.Thirds in 2012 in which on the way to allow them up so that it will $1.
6bn. Rich concern always bought paintings that they love, Yet the rise of financial investments in art funds since 2009, And really during 2012. Is not for love of subjective expressionism or pop art, Half of the wealth managers polled for the Deloitte Art and Finance report said clients were interested in art investment because other available choices, Such as stocks and shares. Felt too risky, The customer has been further boosted by money from China.
And this year Latin America is anticipated to follow, Anders Petterson, Head of the art market agent ArtTactic, Which labored on the report: "Explained, With such economic and political hardship, Many are looking to something will just maintain its value, The outcome has been the rise of art investment funds, Among number one of which is the Fine Art Fund Group. Which now has more than $200m of assets under therapy, Its leader, Philip Hoffman: "Reports; The value of a Canaletto wouldn't go down to zero,
It doesn't do an Enron or a Marconi, It was set up over about ten years ago, But other funds have entered the booming market during the last year, Since Collectors Fund-Which finds 20th, Century and up-to-date art, And the Art extraction Fund and Anthea Art Fund-Which focus on post.
War and innovative work(A lot more three quarters ) 77 percent-Of investors who collect progressive and post"War art gravitated yr after towards 20 bankable artists – dubbed " Blue computer chips-By the Deloitte's Art and Finance report – akin to Jean, Michel Basquiat. Andy Warhol and mark Koons, While art investment funds will most certainly be secretive about their purchases.
It seems probable that they'll have done similarly, The idea of art investment has gone in cycles, And in 1974 British Rail had become the first large pension fund to target artworks, Buying ￡40m of art. Drawings and property furniture.
It sold my way through 1989. Few art funds from the 1990s cycle have made it through, Martín Cerruti-Head of a organization with art, World leads: "Special. It is very difficult to talk of an arts market model as we can for traditional markets,
Art not necessarily a 'commodity': "Mr Petterson discussed: We are talking a small niche in the industry.$1, 6bn sounds a lot but compared to other asset classes such as marketplace. It's tiny,
Forex will get bigger but will never challenge those classes: Colour of capital
Trustworthy bets: Andy Warhol(Double king elvis )
Ferus variety of, Inspite of the market being inundated with Warhol's work.
One of the seminal Pop artists continues to hold his value after huge rises within the last few decade: Grade Rothko(N't any 1 )
Regal Red and Blue.A do the job by Rothko hit $75(1m ) ￡50m. In November and has been increasingly liked collectors after a Tate retrospective in 2008-His work Orange Red Yellow holds the record at auction for high-priced post.
War piece of art-Jean Michel: Basquiat
Untitled 1981. Basquiat's works keep training records.Lenders spent €79(9m.￡67) 4m, On his work on auction.Around double that spent on his nearest rival
Art Cashin's note today is especially conspiratorial.
Cashin, UBS Financial Services' director of floor business, Addresses a rumor going around that government entities has been beefing up its arsenal.
Where Are Those Black planes Heading? – For weeks and weeks the blogosphere has been on fire with stories about massive order placed of ammo and weapons by Homeland Security. Concerns raised are now morphing into the main stream media and even some Wall Street watering holes. A few members of Congress have started to raise questions.
If you have not yet heard any of this, Here possibly less incendiary references by our pal and fellow street veteran, Jim Brown in Monday's Premium rehabber:
It's likely you have seen the news stories on Homeland Security ordering 1.6 thousand rounds of ammo, 7,000 products guns and 2,700 armored office staff carriers for delivery later this year. At the height of the Iraq war within the armed forces was only using 5.5 million rounds a month and had been 500,000 defense force. Those of you 1.6 billion rounds would fuel a war of this size for 30 years. They recent times put out an "Emergency perform" For huge range gear, Body shield and "Industry standard checkpoint booths, What are they getting ready to defend? Why are all the orders being added an "Emergency" Period?
Side effects from Homeland Security, At least the ones possess seen, May be rather vague. That tends to fan the flames and not just dispel the rumors.
Friends who are hunters and gun club members tell me that the best investment over the past twelve or sixteen months was probably rifle ammunition. They're saying the price has doubled and almost tripled. Happen to be, Just isn't ETF that I know of.
There was reports of guns and ammo selling out. But this has largely been assigned to the prospect of tighter gun control laws.