ASIAN ARTISTS CHINESE CONTEMPORARY PAINTERS ART MARKET
Three Chinese artists feature in Artprice’s top 10 of contemporary painters by revenue, alongside four Americans and three Europeans. Artprice claims there is a turn towards ‘‘figurative American and Chinese painting, at the expense of European creations’’ on the part of the largest collectors.
Click here to read the Artprice Contemporary Art Market 2009/2010 Annual Report for yourself (in PDF format), all 76 pages of it. See pages 13-21 for a list of the top 20 contemporary painters.
Now more in demand than other fashionable contemporary Chinese artists such as Fanzhi Zeng or Zhang Xiaogang, Chen Yifei sold 14 auction lots for a total of €8.8 million this year. This is up from €6.6 million last year over 21 lots. His String Quartet, featuring four female musicians at work in hyper-realist fashion, was sold on 29 May, 2010 for €5.6 million, and was Christie’s best 20th century Contemporary Asian and Chinese art sale result.
Just like Chen Yifei, Zhou Chunya is apparently recession-proof. Last year his auction revenue was €4.6 million, a slight increase from 2008/2009, and this earned him the 10th place in Artprice’s top 10. A consistent performer, Zhou has not had a painting go unsold at auction in New York since 2006. He has seen his market broaden from the largest cities in China and is now in demand internationally.
In contrast to Chen Yifei and Zhou Chunya, Zeng Fanzhi’s sales have suffered from the recession. While his works would sell for ten times the pre-sale estimates, his total auction revenue for this year just broke €7.7 million, a 71% drop compared to 2008/2009.
- 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