Western capital into the overall Asian art market

Western capital into the overall Asian art market article/LiHui 2009 Asian art market leading recovery, the 2010 Asian art market showing a good condition, also let the world vision noticed Asia for art collectors of purchasing power. 2011 western capital started to Asia overall into the art market. First is the action of Christie's auction company. January 27, 2010 published Christie's auction performance data show that the company back in the global art clinch a deal amount is 5 billion us dollars, up 53%, and in Hong Kong auction center of Asia to clinch a deal amount is 770 million us dollars, up 111% growth rate. In addition, Christie's global auction 20% of the transaction price (excluding the buyer commissions) from mainland China, Hong Kong and Taiwan buyers, the 16% in 2009, and in 2005, it was 7%. According to this set of data, Christie's auction company take several positive measures,New Era Hats but last year in Singapore freeport established a art outside storage facilities, and increase in global Chinese speaking staff, and in Beijing, Shanghai and Hong Kong, and a man's team set up special service the Chinese buyer, and that includes four high tube personnel, is responsible for the development of new business in Asia and customer network, meet many of China's new buyers and sellers need. In addition, Christie's official website is escalating, the hope can more convenient Chinese users. Compared with Christie's and sotheby's company is the performance slightly low-key, but obviously Asian auction results rises stimulated the style pragmatic company. According to statistics, Hong Kong's auction of sotheby's global auction total turnover of percentage points, up from 5% in 2004, sharply to 16% in 2010. Another buyer, 2005 years of Chinese buyers Hong Kong su fu auction only 5% annual turnover, 2009 Chinese buyers have created the first volume of over other regions, by 2010 its share has risen from 42% to. For further strengthen Asia customer contacts, the second half of 2010 for the first time in mainland China, Hong Kong su fu held the impressionist and modern art paintings tour exhibition, in addition to set up the "century Tibetan become" academic and educational special exhibition. In addition, begin from 2010 sotheby's auction works in Hong Kong have been gradually increase value, in April 2011, the upcoming spring auction Hong Kong more than the total value of the works of hk $2.4 billion, a record high for the calendar year. In addition, the British baolong (Bonhams) the auction house, in 2007, with the Chinese art market is booming, set up offices in Hong Kong, the business extends to the Asian area, now the purchasing power of the customers from Asia dominated the Hong Kong auction market share baolong clinch a deal of fifty percent. October 30, 2010, baolong and a great move for the first time in Beijing international restaurant held their first mainland preview. And the big auction company, compared to the western gallery into a little weak some appears. Ancient porch gallery in January in Hong Kong central bishop opened on a line between Asia's first gallery, emphasizing on the development of the Asian market, as Hong Kong xuan gallery ancient Asia director Nick? And MuNuo vick (NickSimunovic) describe a "collect art collectors in an Asian growth... I think western contemporary art market is continued expansion in Asia." Another big western gallery into the South Korea, Indonesia and other Asian region. Western contemporary artist now look also took aim at the Asian market, damien? Hurst, Jeff? The big artist's work, and began to frequent in Asia, exposition, each big auction houses and the gallery exhibition site, from Hong Kong to Singapore, Seoul and Beijing. But in January 2011 Artprice website issued in the 2009-2010 Asian contemporary art market "report also points out that the China, India and Indonesia rely on its benign growth and became the main participants in the international art market. Taiwan, South Korea, Singapore and Japan on the world map also gradually held decisive market position. They and a Chinese together of the awesome power of enough to overturn the americans set up order: in 2009, the Asian auction of contemporary art for the first time as a business leader of the United States surpassing (Asia region for 150 million dollars,NHL Jerseys and the United States for 142 million dollars). Contemporary art auction in 2009 of the world's top ten auction company, Asian company occupy the five seats. China, as the art market Asia region of the engine, the ongoing development. In the 2009-2010 period, Chinese contemporary art sales profit is the contemporary art 25.6% of revenue, followed the hegemony of never fall far after the United States. Obviously the transformation of Asia now caused center migration, Asia's art market now has become the future development of the new center art market.

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