Gift Economy Boosts the Appreciation of Chongqing Calligraphy and Painting

Yesterday, at the first painting and calligraphy auction held by Jiefang Pavilion at the Jiefangbei Marriott Hotel, 2.6 million “standard kings” and Qi Baishi’s “Pine Birds” were collected by a Beijing-based buyer. Zhang Daqian’s “Tao Lian Tu” and Qi Gong’s “Landscape” are all bids for foreign buyers. Among the 355 auction works in the entire auction of calligraphy and painting, 295 were successfully traded, the transaction rate was 88%, and the transaction value was as high as RMB 20,500,000, which refreshed the record of transaction amount of the Chongqing calligraphy and painting auction. At this auction, foreign buyers entered the market in large numbers, raising the value of Chongqing's calligraphy and painting.

Chuan Yu painter "appreciation"

Yesterday afternoon, the whole auction atmosphere was very enthusiastic. Buyers repeatedly fell into a fierce battle. Apart from masters such as Qi Baishi, Zhang Daqian and Qi Gong, Yan Xuegong, Feng Jianwu, Chen Zizhuang, and Su Baoji also became famous artists. , there are significant premium deals.

Lot 63 was Feng Jianwu’s “Calligraphy” and caused the first auction culmination of the scene. Starting price of 20,000 yuan, the buyer's rate of increase was once as high as 10,000 yuan, and finally 57,000 transactions. “The market price of this work is between 2 and 3 million yuan. The premium of this transaction price is about 100%.” A Yang surname collector told the author at the auction site.

The same is true of the "Liuzhou Shengjing", which is only 50,000 yuan in the starting price. The buyers have high-profile bids and the price has climbed to 160,000. The successful bidder Ge Lao told the writer that he was very satisfied with the bid price, because currently the appreciation of the Sichuan and Chongqing artists is rapid and there is ample room for appreciation. Yan Xuegong's "Three Gorges" began with a bidding price of 150,000, and eventually 350,000 transactions. The book prices of 8 people, including Guan Shanyue, Li Xiongcai, and Su Baoji, started at a price of 200,000 yuan, and they were finally won by 101 Hong Kong buyers with 440,000.

In addition, the auction works of Su Baoji, Chen Zizhuang, Huang Chunyao, Wu Yifeng, Li Qiongjiu and other works also repeatedly caused the climax of the auction, some of the works premium transactions. Tang Yixin, executive vice president of the Chongqing Collectors Association, told the author that this means that the valuation of the Sichuan and Chongqing artists has been enhanced to a certain extent and the value has been tapped. “For a long time, Chongqing’s local collectible resources have been underestimated, the market has not developed well, and high-value products have basically been bought by foreign buyers. Local collectors have gone to other places to buy high-priced artworks. This is very worthwhile. Thinking about this, 50 to 60% of the auction was done by artists from the Sichuan and Chongqing artists, and the prices of the works of Chuanyu artists have been significantly improved, which is an encouragement for collectors in Sichuan and Chongqing.”

“In modern history, Chongqing once served as the capital of the city, and Chongqing naturally retained a group of artistic resources of that period. Due to the occlusion of information, in the 15 years of history of Chinese painting and calligraphy auctions, the economic value of the artists of Sichuan and Chongqing, and the Haipai and Beijing There is a clear gap between Jin and others, and this auction will show that this long-term underestimation is now being reversed, especially by Feng Jianwu, Chen Zizhuang, and Su Baoji, etc.” said Tang Xinxin.

Overseas buyers are fierce. According to reports, at the auction, buyers from Hong Kong, Guangzhou, Beijing, Shanghai, Jiangsu, and Zhejiang were numerous and became the main force in winning the bid with the buyers of Sichuan and Chongqing. The person in charge of the auction company told the author that in the case of a general shrinking of the auction market in Beishangguang and other places, the Chongqing local auction with high performance-price ratio will become a foreign buyer “sacrifice”.

When the auctioneer announced that it would auction the 200th auction, which was Qi Baishi’s “pine map” with a valuation of 2 million, the atmosphere at the auction site became tense. However, the auction process of "Baowang" was unusually brief. Under the scramble of a few buyers, it was eventually bought by 210 buyers from Beijing with 2.6 million auctions, and the auction time was less than 1 minute. No.210 buyers not only won the bid of Mr. Qi Baishi's "Pine Bird Map", but also easily "taken off" Qigong's "Landscape". The cost of these two bids was more than 3.5 million yuan.

Mr. Song from the No. 200 buyer in Nanjing was equally unwilling to show his weaknesses. Zhang Daqian’s “Tao Lian Tu” was marked with a price of RMB 320,000, and a number of paintings and paintings by masters from Sichuan and Chongqing were also included. “I came from Nanjing on a special trip this time because I heard that the price of local auctions in Chongqing was very attractive. I was quite satisfied with the calligraphy and paintings I got this time.” Mr. Song told the author after the auction .

Liu Jie, executive director of the Chongqing Collection Association, told the author: “In recent years, it has been common for foreign buyers to come to Chongqing. More than half of the turnover was contributed by foreign buyers, such as Shang Wenzhai last year and the Hengsheng auction. Last year, the Ming Dynasty master Xu Wei's "Flower Handbook" was won by a female buyer from Sichuan who was 20 years old for about 48 million yuan. Not long ago, the Shaanxi coal boss also took a photo of Zhang Daqian with 1.2 million shots at a Chongqing auction."

At the auction site, the author also noted that before the No. 100 auction, works with relatively low prices, the placards were mainly collected by collectors in Chongqing and Sichuan. The high-priced collectibles are mostly foreign buyers. In this regard, Tang Yuxin said that this to a certain extent shows that Chongqing buyers are not paying enough attention to high-priced art; or that the collection strength of Chongqing collectors is still somewhat different from the strength of collectors in other parts of the country.

Influx of investors According to reports, the auction will present a "high and low" feature, that is, high turnover and low salvation rates. At the auction, 355 pieces of calligraphy and paintings were shot 295, the turnover rate was 88%, the turnover exceeded 20 million, which is the first time in the auction market in Chongqing. Tang Yuxin told the author that this means that the collection of calligraphy and painting on the Chongqing market has a warming trend.

Tang Xinxin told the author that “From the autumn of last year to the present, the exhibiting works and the turnover of the auction of paintings and paintings by Kitasatosei have all decreased by about one third. Relatively speaking, Chongqing and the national market have formed a reversed phase. I think, This is mainly because the Chongqing market is lagging behind the whole country. Due to the insensitivity to the market, the national art market is already cold, but Chongqing is still rather hot."

Liu Jie told the author, "In addition, the hot art market in Chongqing still lies in that white-collar workers and entrepreneurs have started to come in. Today, there is a real estate developer and two Chongqing women entrepreneurs." According to Jeremy, more and more people are aware of the high rate of return on investment in art in the context of inflation. Therefore, some investors will invest in real estate and stock investment in the field of art. They are currently the main force for investment in artworks. In foreign countries, the rate of return on real estate and stocks is lower than that of collectibles. With the awakening of investment awareness, there are more and more ordinary investors who grow up in China. Coupled with the concept of citizenship, sending tobacco and alcohol is far better than sending pictures, and the gift economy has helped the collectibles market to some extent. ”

In addition to "big brothers," there are some groups that have invested in groups. The author noticed on the spot that investors who have come from Sichuan are rarely “man-in-arms”. “In the past three years, there have been Baotuan investors in the Chongqing and Chengdu art collection markets. Three to five individuals form an investment group to share risks and avoid investment mistakes.”

Liu Jie said that in addition to the trend of collection, the performance of the market is very optimistic because the collection of paintings and paintings also sustains the emotions of the Chinese people. “The collection of paintings and calligraphy has always been a major item in the Chinese art market. In the ancient courts, paintings were mainly collections. The Chinese people have also had the habit of sharing feelings through painting and calligraphy, and now they hang art at home or in the office, which is also a taste and value. These manifestations have nurtured the art market to a certain extent, and artworks that have broken through hundreds of millions of dollars have appeared on the market, and there have been recent incidents in which Li Keran’s works have completed 290 million transactions.”