ASIAN AUCTION HOUSES CHINESE ART MARKET REVENUE
Apparently oblivious to the recession, the Chinese art market posted its best-ever six-month auction earnings in the second half of 2009. Reflecting the rising importance of the Middle Kingdom in the world economy, China’s auction houses are claiming more and more spots in the world’s top 10 by revenue. Three of them appear in the Artprice Contemporary Art Market 2009/2010 Annual Report rankings.
Click here to read the Artprice Contemporary Art Market 2009/2010 Annual Report for yourself (in PDF format), all 76 pages of it. See page 10 for the auction house listings.
China Guardian Auctions sneaks in at number 4 worldwide with €13.9 million revenue in 2009/2010. Set up in 1993, the company is headquartered in Beijing and has been active on the repatriation front, purchasing rare pieces of Chinese calligraphy and donating them to mainland museums. Run by Guizhou native Wang Yannan, it specialises in Chinese art, with a particular focus on oil paintings, calligraphy and porcelain.
Poly Group, a trade and real estate conglomerate, opened a subsidiary devoted to art and culture in 2005. Since then, Poly International Auction has quickly become one of the best-known auction houses in China, grossing €13.6 million in 2009/2010, the fifth-highest revenue generated worldwide. Headquartered in Beijing, it specialises in contemporary Chinese art and since 2007 has been active in ceramics and rare books.
Shanghai Hosane Auction, ranking number 8 worldwide with €5.4 million revenue in 2009/2010, has a smaller Chinese presence than Poly Group or China Guardian. With a branch office in Hanover, Germany, it has strong ties to Europe. Still active in the European market, it shifted its head office to China in the early 1990s. It specialises in traditional Chinese art, with a focus on painting and calligraphy, oil painting and sculpture.
- AW Asia’s Larry Warsh on who to collect and why in Chinese art – interview – November 2010 – Warsh offers to readers some of his knowledge of the Chinese art market
- Mid auction season Hong Kong art market update: Sotheby’s sale round-up – November 2010 – reveals the astounding results of Sotheby’s autumn sales
- Contemporary Chinese photographic aesthetic captured at 3 top American museums – October 2010 – a copy of the release announcing these three important exhibitions
- A testimonial for Chinese contemporary art – Art Radar speaks with Weng Ling – August 2010 – insightful and frank, Ling imparts her knowledge of the Chinese art scene
- Wu Guanzhong, influential and non-conformist Chinese painter, dies at 91 – July 2010 – an overview of Guanzhong’s life and work, some works of whom could be seen at recent Shanghai Hosane Auctions