Chinese art market real bubble false prosperity

Bai Gengyan, the most popular name in the field of investment in the art industry recently, carried his two artworks "The Yellow River Roar" and "Yan Saiqiu" to create yet another "miracle" for the Chinese art market. One or two years ago, Mr. Bai’s works were valued only in the range of tens of thousands of yuan to several tens of thousands of yuan. However, after being “technically operated” by the Tianjin Cultural Art Exchange this year, the situation of daily limit is almost irrational. Stir fry over a billion yuan, approaching or even surpassing the prices of Qi Baishi, Fu Baoshi, and Li Keran.

This move has finally led to "measures." On March 17, the Tianjin Municipal Government Supervision Department informed that in view of the situation of the Tianjin Cultural Art Exchange in recent days, in order to reduce investment risks and protect the interests of investors, the “Yellow River Roar” and “Yan Saiqiu” were suspended from the special day. , Resumption time notice.

According to Artprice.com, a website of the global art market, the revenue of art auctions in mainland China jumped to the top in the world in 2010, accounting for 33% of global sales of artworks (including paintings, sculptures, drawings, photography, prints, etc.). 30%, 19% and 5% in the United States, United Kingdom and France. In fact, when the market is sceptical about the price of a single piece of artwork, “The Yellow River Roar” and “Yan Saiqiu”, the essence behind it should be discovered. The price of art stocks has already existed from the value of the artworks themselves. For this matter, artists, investment advisors and collection experts have expressed their opinions on Weibo.

Shocked: Even "logical" can even collect the moon

Lian Yi (Cultural Communication Company): Chatting on the two works of paintings of the Tianjin Stock Exchange, "The Yellow River Roar" and "Yan Saiqiu" were suspended. Wang Ye was disdainful: ** only. After appraising the artwork, it is subdivided into stocks in the form of stocks at 1 yuan/share, and then traded on the trading platform, so that ordinary people can also collect dreams in a round. This idea embodies the Chinese people's cleverness in a vivid way. To liberate thoughts, we can also collect the Forbidden City, the Great Wall, and even the moon.

Hu Xin (Southern Weekend Reporter): The top three most valuable artists in 2010 were Andy Warhol, Qi Baishi, and Zhang Daqian! ! ! It has far surpassed traditional western masters such as Van Gogh and Monet. Top 10 of the highest auction value of contemporary art, half of them are Chinese...

Wang Weichen (Securities Professional): Artwork stocks on the Tianjin Art Exchange are about to fall sharply. Investors are not going to repeat the tumble of stocks 20 years ago! When God let it die, it must be made crazy!

Analysis: Art can only be collected, can not be stock

Sina Collection: Insiders pointed out hidden hidden dangers: 1. The art is not fidelity, which may cause counterfeit goods to flow into the market and disturb the normal order of the market; 2. There is no limit to the ups and downs of art, and unlimited rises and falls will allow speculators to enter the market for speculation. Transaction; 3, entry threshold is too low, resulting in irrational market; 4, transaction information is not transparent; 5, too little variety of transactions, resulting in abnormally high prices of art stocks.

Liu Shengjun (Deputy Dean of China-EU Lujiazui International Finance Research Institute): In 2010, China became the world's largest art auction market, and tax incentives are important factors. How should investment in artworks be accounted for? There is no provision in Chinese accounting standards. Some companies will include the purchased art items in the "fixed assets" subject, and the fixed assets will have depreciation expenses each year. This will lower the value of the company's total assets, "reduce" its profits, and then "help" companies pay less income tax.

Barrons (independent original financial analysis): Art is only a collection of value, does not generate cash flow, as the stock sells is simply Pang **.

Yang Muren (founder of the Jade Dynasty): RMB 5,000 jade bracelet, jade merchants are willing to pay 50,000 yuan for repurchase; 8 yuan worth of stamps, from 1,000 yuan to 10,000 yuan; face value of 2 yuan, from 2,000 yuan Picking up 70,000 yuan... This happened in just three or five years. The Chinese art auction market has reached the “billion-dollar era”. This is crazy.