Paintings from your photos
The market for contemporary Chinese art was developed for the international art market segment, the fastest growing feverish pace, always singular. Since 2004, the prices for works by Chinese artists by 2,000 per cent or more, with paintings by that even today brings a total of more than $ 1 million to under $ 50,000 sold. Nowhere is more evident in the explosion was felt in China, where he, a massive Gallery District, auction houses 1,600 and the first generation of Chinese contemporary art collector has produced.
This enthusiasm for Chinese contemporary art has led to a wave of criticism. There were allegations that Chinese collectors use land auction houses to rising prices and speculation of broad run, just so, as if they're trading in stocks or real estate. Collectors West is also accused of speculation, the artists say their work is cheap to buy and then sell it for ten times the original price, and sometimes more.
Those who entered the market in the last three years to find the Chinese contemporary art prices are surefire bets each sale will be doubled. Sotheby's New York sale of Asian contemporary art, dominated by Chinese artists brought a total of $ 13 million in March 2006; the same sale last March it raised $ 23 million and Sotheby's Hong Kong sale of Chinese contemporary art in April amounted to almost $ 34 million. Since 2004, Christie's Hong Kong had sales of Asian contemporary art. 2005 Sales total $ 11 million with a total of $ 25.3 million in sales to one night in May this year on the set of the shadow.
Those numbers, impressive as it is, did not convey to the success at the auction by a few Chinese artists Zhang Xiaogang and start: Yue Minjun, Cai Guo-Qiang, Liu Xiaodong Liu ye. Zeng Fanzhi's leader, mask series No. 6 (1996) sold for $ 9.6 million, a record for contemporary Chinese art at Christie's in Hong Kong in May this year.
Zhang Xiaogang, reminiscent of a family during the cultural revolution, great color photos, brooding face increased $ 76,000 in 2003 has seen his record when his oil paintings at Christie's Hong Kong, $ 2.3 million in November 2006 at $ 6.1 million in April this year.
Pictures of gunpowder by Cai Guo-Qiang, who just received a Retrospective at the Guggenheim Museum in New York City, sold for well under $ 500,000 in 2006. suite of 14 brought $ 9.5 million last year.
Art price index of Chinese artists took 35 Awards top 100 contemporary artists for many at auction last year rival, Jeff Koons, Damien Hirst and other artists.
"All those who look to the East, and from China, and the art market is no different," said Kevin Ching, Sotheby's Asia CHIEF EXECUTIVE. "Despite the subprime crisis across the business strengthened confidence still in China, the United States, or the fact that some other financial markets appear nervous, the Olympics and the World Expo in Shanghai in 2010."
There is evidence, however, the international market for Chinese art began slowly. In Sotheby's contemporary Asian art in March, 20 percent of sales offered no loose buyers who discovered and even works on record-setter as hardly put their low estimate of Zhang Xiaogang. "The market is up, always so that we are no longer able to sell everything," said Xiaoming Zhang, Chinese contemporary art specialist at Sotheby's New York. "The collector has to be really smart and focus only on certain artists, certain times, certain material."
In turn, the Western Gallery of Chinese artists are eager to track a few years ago, many of you were not known. ZENG Fanzhi, signed, for example, by Aquavella Galleries in New York City on a two-year contract, $ 20 million, exceeding after the Beijing gallery owner near negotiations; William Acquavella declined to comment. Zhang Xiaogang and Zhang Huan joined PaceWildenstein and Ai Weiwei and Liu Xiaodong with Mary Boone in the spring. Almost all the major New York Gallery artist China has logged in recently: Yan Pei Ming David Zwirner, Xu Zhen at James Cohan, Huang Yong Ping with Gladstone, Marian Goodman in Fudong, Liu ye at Sperone Westwater. His works are in private and public collections that have shown particular interest in Asian contemporary art until now did not exist.
"The behavior of the market is not as I expected," said New York dealer Max Protetch, artists from China has been represented since 1996. "We all expected to be through Chinese artists from the same process happening anywhere else in the world with art. I assume that few artists would fall under the table, which is not true. All have increased. Seems like a non-critical market. "
One of the most important artists supported by the success of these is Zeng Fanzhi, known for "mask"-series. Five years ago his works sold for under $ 50,000. Today command prices in the major markets closer to $ 1 million, with huge collector Charles Saatchi and Jose Mugrabi among fans. Now his first solo exhibition in preparation Aquavella in December, he was one of the more serious artists in Beijing are considered, because of her own, without hordes of assistants who found work in the studios of artists most different in China. The typical way of life that his friends were equally successful. When asked if he has a giant black Hummer parked outside his Studio, he replied, "no, this is an ugly car. I have a G5-Benz. "
This success has been developed under the auspices of the Chinese Government. Film, television and news agencies rigorously censored, but overall, not art. Despite sporadic exhibition closed or customs seizures as a whole, the Government is supporting the growth of the art market art work and have uninterrupted activity private. In the District of 798 Gallery in Beijing, Bauhaus-style former ammunition complex, hottest Arts Centre, with more than 150 galleries, change in the capital, one found a job, to combat poverty and social problems, corruption and sexual mores. Former China unhappy workers and farmers and heroic soldiers, raising the red banner is treated with irony, if at all, by artists, including in this gallery to see, is a private place not usually under the strict supervision of the Ministry of culture.
On the eve of the Olympic Games, but called on the Government to play an Gallery, an exhibition until after the move. Considered inappropriate "touch", a performance by Ma Baozhong at Beijing Xin 15 paintings Gallery showing important moments in the history of China, Mao Zedong based with the Dalai Lama and the Panchen Lama in Show 1954 including one in a photograph.
The municipality of Beijing spent huge funds to the district 798 before the Olympics, to renovate the stone streets and the main shaft with a cafe. Shanghai, which has benefited from Government support, has now at least 100 galleries. Local governments across the country to set up the SoHo-style to encourage tourist area galleries.
Someone who seems to believe in the future of the Chinese market Arne Glimcher, founder and President of PaceWildenstein opened a branch from the gallery in Beijing in August. In the 22,000-square-foot cement with increasing cover, transformed at a cost of $ 20 million by architect Richard Gluckman, the Gallery is located in the Central District of 798. "we are determined, the arts, and we would like to open a gallery, where are our artists," says Glimcher. Adding that he usually avoids the rooms world-wide trends ' McGallery ' to build the satellite, Glimcher, that it is necessary to establish a branch in Beijing, because "there is no local Gallery caliber us" with the speed of a partner may be. He has, however, Leng Lin, founder of Beijing commune, another gallery works were recruited in 798, Director.
Dealers adopted a more Western China jump, are Arthur Solway, the newly opened branch of James Cohan Shanghai. "I started coming to China five years ago, and I was blown away by the energy," said Solway Gallery to Asia, but as Glimcher want to implement, could not find an artist the museum such as Bill Viola, Wim Wenders and Roxy Paine or qualified personal gallery, which he considered as professionals, treat the exhibition. James Cohan Gallery Shanghai is located on the ground floor of the Art Deco structure in 1936 in the French concession, particularly beautiful part of the city. The building that was once occupied by the military and the Red Chinese characters above the entrance still advise, "the spirit of Mao Zedong for 10,000 years."
"From 1966 to 1976, while not having people from the cultural revolution, but now there is a spa in Shanghai and people drinking cappuccino and to buy Rolex watches-it is an amazing phenomenon," says Solway, who believes it is only a matter of time before it just starts a new wealthy consumers to collect contemporary art.