The domestic art auction market is in the ascendant

All the funds poured into the art market Jiangnan first Hammer West Ling Printing society next month filming reporter Jialin Chen late autumn's domestic art auction market hot summer. Wang Xizhi's cursive "Ping An" in the November 21 China Jia de autumn Pat to 308 million yuan sky-high price, become Tingjian Kennedy "Pillar Ming" (shot out 436.8 million yuan), Chinese painting and calligraphy works of the second expensive. Not only that, the total turnover of Jia de Autumn beat more than 4.1 billion yuan, refresh the Chinese art Auction quarterly record, of which 3 pieces of billions of works, 52 million.　　Under the competition of funds, the art auction market is unusually hot. The industry "north of the Ka Tak, south of the West," said the West Ling Printing Society Auction Co., Ltd. Autumn Art auction, will be from December 11 to 13th in Hangzhou Huang Longxi Trade Center open hammer. The products include Chinese painting and calligraphy (ancient, modern), Wenfangqing play (seals, Inkstone, miscellaneous items), celebrity handwriting, oil painting sculpture series of traditional works of art, and will be the first edition of rare books. In addition, the autumn film further extended to the field of luxury, the introduction of France Bordeaux column named Zhuang Wine, China's old wine special, tea collection and tea set special.　　In order to help collectors and investors to make the right art, the Bank of BOC Branch Private Banking department for the autumn shoot directed the launch of personal art collection loan products. The investment of art is ferocious "100 years ago, the Dow had 33 blue-chip companies, and now it is only GE. In 1900, 100 Impressionist and classical parties, and now there are 95 of people's paintings active at the top of the major auction. "Like any other thing that causes people's desires, there is demand for oil paintings, like any other rare thing, oil paintings have prices." Like anything else, its price is determined by the relationship between supply and demand. "People in the industry said that whenever inflation expectations are strong, hot money surging, and the stock market, the market is unclear, the collection will have a sky-high auction."　　The financial attributes of art are increasingly recognized by the public. Yu Ding, deputy dean of the Central Academy of Fine Arts Humanities, said the domestic art auction market began to recover in the second half of last year, and art investment has become another major investment channel after equities, property and gold.　　2009 the National auction market turnover of 20.2 billion yuan, and this year, the country's Top 6 auction house volume of more than 14 billion yuan, the entire auction market has exceeded 44 billion yuan, the average annual increase of five years over 30%. Behind the booming art auction market is the influx of new capital. "This year's art auction market is not the same as in previous years, the overall hot, price increases are very large, many new faces into the industry." "Because of the value of the investment in art, there are many people partnering into the circle, and even many institutions are involved," said a head of the company's auction firm.　　This caused the original is not surplus of art more scarce, prices are also frequently pushed higher. Art market bubbles in the art auction of the billion members of the club more and more, various to castFunding for the purpose of the new funds to the momentum of the winning card, collection and appreciation is placed in a secondary position, many people worry about the art market into a bubble situation.　　Zhejiang Art Management Industry Association president, Lu Jianqing, general manager of the auction company, said that the eternal value of art, because it can meet the spiritual needs. But the rise and fall of market prices, from decades to even longer period of time to see. The rise and fall is normal, but is not overdone, the industry has a different view, to be sensible to see.　　For example, Chang boutique deal broken billion, not equal to his works will be over billion. Lu Jianqing said that some entrepreneurs at home and abroad initially participated in the auction, as an investment behavior, in the process gradually like art, feel the aesthetic value of art and cultural value, and finally become collectors.　　Art is favored by more and more investors, not only because of the optimistic outlook for the appreciation of artworks, but also because of the improvement of the quality of the buyers ' own life, the art market is affecting and promoting a tasteful lifestyle.　　Therefore, Lu Jianqing would prefer bidders to participate in the art market for the purpose of collection, because art takes a long time to reflect the potential of its value appreciation. Art loan "loan" opens the door of art. in the fiery art market, the private Banking department of BOC Branch has creatively launched the Personal art Collection loan product, which is used for individual customers to purchase the financing demand of the company's art racket.　　According to the bank's private Banking department general manager Yau Huiying, personal art collection loans from the starting point of 500,000 yuan, the highest not more than 20 million yuan.　　In the collateral, the product mainly to the real estate, certificates of deposit, national debt, etc. as collateral, or the west of the Indian Society auction company General Manager Lu Jianqing to provide third-party natural persons joint and several liability guarantee. Some customers want to use the art of their hands as collateral to apply for a loan.　　Caile, head of bank's private banker team, said that the value and authenticity of artworks could not be qualified by non-bank loan auditors, so it is still impossible to accept the art as collateral. In fact, art mortgage financing in the Western developed countries has long been a mature business, Western collectors and art dealers in the application of this business is very extensive, art into circulation, can be found through the database of its source and price, the bank in the appraisal of the evaluation of the relative accurate data reference to the art assets to lend.　　Domestic financial institutions are also very early on the art market, however, although the domestic collectors have long been looking for art mortgages, but the market is black-rigged, full of fakes and false information on the status of the business has been unable to fully carry out, the art of mortgage loans have been little wool. According to the introduction, in the west of the film during the autumn filming, bidders may be to BOC Private Banking department to apply for personal art collection loans, banks in the auction 30-35 days after the payment period, the completion of business audits and loans.