Featured Items for Feb 2018 and Website Updates

Dear readers,

Below are our featured items for Feb 2018. Please feel free to drop by if you happen to be in or around the neighbourhood.

Venue: Naik Antiques and Oriental Gifts
Address: 111M, Jln SS21/37, Damansara Utama, 47400 PJ.

By the way, I'm delighted to announce that we have revamped our website to make it more user-friendly for all our online visitors....be it local or international! Please feel free to visit www.emperorsantique.com to find out more.

For further inquiries, please feel free to contact me at 018 3867939.

Thanks!

May Naik

Chinese Investors are Radically Changing the Art World — Here's What They're Buying by Hui Leng Tan

China lost heaps of artwork in the last century due to historical turmoil, 

but now that the country is an economic power, the rich are buying back some 

of their heritage.

Ancient porcelain and old ink paintings are all fair game with major 20th Century 

Chinese ink painters Qi Baishi, Xu Beihong and Zhang Daqian drawing the big 

bucks.

On Dec. 18, a collection of 12 landscapes by Qi sold for 931 million Chinese yuan 

($171 million) at a Beijing auction, setting a record for Chinese artwork sold at an 

auction worldwide, China Daily reported.

Last year, Zhang generated $31 million more in auction sales last year than 

abstract genius Pablo Picasso, according to French database Artprice, making 

the Chinese artist the top in auction turnover.

According to a report from art website Artnet and the China Association of 

Auctioneers, the market for Chinese art and antiques is moving toward Asia, 

with major auction houses shifting inventory to Hong Kong. In the category, 

78 percent of the work was sold in Asia last year — up from 66 percent in 2011.

Art dealers tell CNBC that many of the transactions take place outside of the 

mainland and are increasingly stored overseas so as not to incur taxes and issues 

with Chinese customs.

The full article is available at the link below:

https://www.cnbc.com/2017/12/27/chinese-investors-are-radically-changing-the-art-world--heres-what-theyre-buying.html

China Looks to Take Next Step in Global Art World By Lin Qi, Bo Leung

Last year, China took the largest share of the market in global sales of art and antiques at open auctions. However, if one adds up transactions at auctions and through dealers and galleries, China ranked third by value, after the United States and the United Kingdom, according to a recent report.

The first Art Basel and UBS Global Art Market Report said Chinese auction sales accounted for 34 per cent of the world total by value, exceeding the US, which recorded 32 per cent, and Britain, which had 18 per cent.

However, China falls behind those countries when the bigger art industry picture is taken into consideration, because deals are also made by dealers and galleries at sales exhibitions and art fairs, as well as via expanding online sales.

The report said the US maintains the premier position. It accounts for 40 per cent of global share by value, followed by the UK with 21 per cent and China with 20 per cent.

It also said the global art market generated $56.6bn in total sales, and the top three markets－the US, UK and China－cemented a combined dominant position that has endured for a decade.

Last year, Chinese auctions brought several expensive sales in the classical Chinese paintings and antiques market. A 14th-century coloured ink-brush painting went for more than 303 million yuan ($44m) in December in Beijing. A 15th-century blue-and-white dragon-patterned jar grossed HK$158m ($20m) in a Hong Kong sale.

Works of 20th-century ink-brush masters also hit mind-boggling heights. Fu Baoshi’s The God of Rain and The Lord of Fate, and Zhang Daqian’s Peach Blossoms each sold for more than 220 million yuan, ranking them among the top three Chinese paintings at auction last year.

The annual report of the China Association of Auctioneers shows that there were about 436 houses in the mainland’s art and antiques auction market by the end of 2015.

According to the Art Basel and UBS report, auction sales dominated the market in China, with a share of almost 68 per cent by value.

The full article is available at:

http://www.telegraph.co.uk/news/world/china-watch/culture/china-in-global-art-market/