artnet and the China Association of Auctioneers GLOBAL CHINESE ANTIQUES AND ART ...

121 Pages·2013·5.74 MB·English

GLOBAL CHINESE ANTIQUES AND ART AUCTION MARKET
ANNUAL STATISTICAL REPORT 2012
artnet and the China Association of Auctioneers
Global Chinese Antiques and Art Auction Market B Annual Statistical Report: 2012
Table of Contents
©2013 Artnet Worldwide Corporation. ©China Association of Auctioneers. All rights reserved.
Letter from the China Association of Auctioneers (CAA) President ........... i
About the China Association of Auctioneers (CAA) ................................. ii
Letter from the artnet CEO .................................................................. iii
About artnet ...................................................................................... iv
1. Market Overview. ............................................................................ v
1.1 Industry Scale. ............................................................................ 1
1.2 Market Scale ............................................................................. 3
1.3 Market Share ............................................................................. 5
2. Lot Composition and Price Distribution ........................................ 9
2.1 Lot Composition ....................................................................... 10
2.2 Price Distribution ...................................................................... 21
2.3 Average Auction Prices ............................................................. 24
2.4 High-Priced Lots ....................................................................... 27
3. Regional Analysis ........................................................................ 33
3.1 Mainland China ......................................................................... 37
3.2 Overseas .................................................................................. 41
4. List of Global Chinese Antiques and Art Auction Houses in 2012 . 45
5. List of Lots Sold Over 10 Million RMB in 2012 ............................. 75
Notes ............................................................................................. 107
Contact .......................................................................................... 110
Global Chinese Antiques and Art Auction Market i Annual Statistical Report: 2012
Letter from the China Association of Auctioneers
(CAA) President
the distribution of power in the global auction market.
In 2011, the Chinese auction market became the world
leader in terms of sales value, making it an international
center for the buying and selling of art. Meanwhile,
the international market for Chinese Art and Antiques
became increasingly active.
To ensure the comprehensiveness and integrity of the
information in this report, artnet has compiled and
The China Association of Auctioneers (CAA) is excited analyzed overseas data, and CAA has strictly verified all
to partner with artnet on the creation of this report data from mainland China to ensure that it is objective
detailing the global auction market for Chinese Art and and reliable. This report will provide researchers and
Antiques. Working together, we can present a more related organizations from China and overseas with
comprehensive annual report and a better analysis of industry data that most closely reflects market reality.
both the mainland Chinese and international auction Through this report, we hope to promote the healthy
industry. development of the global auction market.
The official collaboration between CAA and artnet In the upcoming year, CAA and artnet will launch
was initiated in the spring of 2013. Combining each additional collaborations, including an international
organization’s unique strengths and position within forum, delving deeper into the global market for Chinese
the market, we hope to create a stronger platform for Art and Antiques. We look forward to continuing this
promoting discussion about the global auction market relationship and providing greater insight into these
for Chinese Art and Antiques. Our collaboration will markets. We thank you for your support!
be carried out in various stages, the first of which is
presented here in the Global Chinese Antiques Zhang Yanhua
and Art Auction Market Annual Statistical Report: 2012.
During the last decade, the flourishing art and antiques
President, China Association of Auctioneers
auction market in mainland China has led to a shift in
©2013 Artnet Worldwide Corporation. ©China Association of Auctioneers. All rights reserved.
Global Chinese Antiques and Art Auction Market ii Annual Statistical Report: 2012
About the China Association of Auctioneers (CAA)
The China Association of Auctioneers (CAA) is the only In 2010, the Ministry of Commerce of the People’s
national association of the auction industry in China. Republic of China issued the Standard for Auction of
Its functions include auctioneers administration, and Cultural Relics and Art Works. This Standard, drafted
auction house regulation and supervision, as outlined by CAA, marked the beginning of the standardized
in the Auction Law of the People’s Republic of China, development of Chinese auctions. Currently, the Chinese
as well as business promotion, policy coordination, auction industry is regulated by one national standard
information services, and consulting. and five industry codes of practice.
Established in 1995, CAA has been the most important Today, as the Chinese auction industry grows
platform in the world for establishing connections internationally, CAA is playing a leading role in building
within the Chinese auction industry, making every effort a platform for communication with international trade
to promote the development of the Chinese auction associations, auction houses, academic institutions, and
industry and market. Revitalized in 1986, and lead by various other organizations.
CAA, the Chinese auction industry has entered a new
era. CAA looks forward to working with these fellow
organizations to promote a better integration and
In 1996, the Auction Law of the People’s Republic of development of the global auction market.
China took effect after several years’ effort by CAA. As
the first auction law in China, it laid a solid foundation
for the standardized development of Chinese auctions.
In 1997, CAA certified the first national auctioneers.
Currently, 11,040 national auctioneers have been trained
and certified, and serve as the backbone of the industry.
In 2005, CAA total membership reached 1,000 for the
first time. Today, we have more than 2,400 members,
including all of the most well-known and prestigious
Chinese auction houses.
©2013 Artnet Worldwide Corporation. ©China Association of Auctioneers. All rights reserved.
Global Chinese Antiques and Art Auction Market iii Annual Statistical Report: 2012
Letter from the artnet CEO
initiate cross-cultural dialogue on the Chinese market by
engaging a variety of international industry professionals
to address issues faced by business practitioners
operating within the Chinese market.
Working with CAA to provide data analysis, artnet hopes
to bring a new level of transparency to the Chinese
market. Our Price Database has long been esteemed
by art professionals as the most comprehensive
Photograph by Todd Eberle
and trusted resource on auction data; through this
collaboration, we have augmented our existing auction
artnet is pleased to present a new report on the 2012 data with auction results from mainland China analyzed
global Chinese Art and Antiques auction market, by CAA.
produced in collaboration with the China Association of
Auctioneers (CAA). We look forward to expanding this partnership over
the next year, providing additional platforms to discuss
In recent years, China has held an increasingly emerging trends in the market.
prominent position in the international art market.
Chinese collectors have looked westward to build their Jacob Pabst
collections, and international organizations are looking
to expand into China, where collectors have significant
purchasing power and a longstanding history of buying
art and antiques.
CEO, Artnet Worldwide Corporation
The art market has witnessed rapid growth, and is a
much more international scene than it was a decade
ago. We hope that our partnership with CAA will help to
©2013 Artnet Worldwide Corporation. ©China Association of Auctioneers. All rights reserved.
Global Chinese Antiques and Art Auction Market iv Annual Statistical Report: 2012
About artnet
artnet is the leading place to buy, sell, and research 35,000 artists. artnet Galleries offers the world’s most
Fine Art, Design, and Decorative Art online. comprehensive overview of artworks available for
purchase.
artnet was founded in 1989 with the goal of bringing
transparency to the art world. In the past, the lack of In 1999, artnet went public in Germany. Since 2007,
objective price information was a stumbling block, for artnet has been listed in the Prime Standard of the
buyers in particular, that prohibited the market from Frankfurt Stock Exchange, the segment with the highest
growing. transparency standards.
The art business has always been international; In 2008, artnet pioneered the first online auctions
however, before artnet, it was managed locally in platform exclusively for Fine Art, artnet Auctions. With
relatively inefficient markets by tens of thousands of artnet Auctions, collectors can both buy and sell art
geographically disparate art dealers, galleries, auction 24/7, with instant turnaround and lower commissions.
houses, book publishers, museums, and collectors.
Launched in the spring of 2012, artnet Analytics Reports
For 25 years, artnet has worked to transform the already cover over 840 Modern and Contemporary
market. We provide a range of services to connect artists. This product allows users to benchmark the
buyers and sellers online and have a suite of valuation market performance of artists, art categories, and
tools to make market information instantly accessible. customized sets of artworks against financial indices,
such as the S&P 500 and Dow Jones, or other assets,
The artnet Price Database provides these local such as gold.
markets with a global standard of price comparison.
The database includes over 7 million auction results Today, artnet is the undisputed leader of the art world
compiled from more than 1,400 international auction online. As the art world continues to evolve and expand,
houses dating back to 1985. artnet intends to maintain its leadership role and help
connect millions more people around the world who love
Another pillar of the artnet business is artnet Galleries, and appreciate art.
which was introduced in 1995. As the largest network
of its kind, this product features 1,700 galleries,
and approximately 170,000 works of art by nearly
©2013 Artnet Worldwide Corporation. ©China Association of Auctioneers. All rights reserved.
Global Chinese Antiques and Art Auction Market v Annual Statistical Report: 2012
1
Market Overview
©2013 Artnet Worldwide Corporation. ©China Association of Auctioneers. All rights reserved.
Global Chinese Antiques and Art Auction Market 1 Annual Statistical Report: 2012
1.1 Industry Scale
Global Market Overview
In 2012, there were 593 auction houses selling Chinese Art and Antiques globally. This was a 10% increase over
the previous year, in which 535 auction houses sold Chinese works worldwide.
Mainland China
In 2012, the total number of auction houses qualified to sell art in mainland China increased 15% to a total of
355. Of these 46 new auction houses, the majority were located in Beijing (+18 auction houses) and Shanghai
(+17), with several houses added in other areas within mainland China (+11).
Overseas
As buyers look to collect Chinese Art around the world, auction
houses overseas have started to aggressively target this market
through dedicated sales.
As buyers look to collect Chinese Art around the world, auction houses overseas have started to aggressively
target this market through dedicated sales. By the end of 2012, there were 238 auction houses selling Chinese
Art outside of mainland China, an increase of approximately 5% over the previous year. Growth was primarily
seen in Asia (+7), Europe (+5), and North America (+2).
©2013 Artnet Worldwide Corporation. ©China Association of Auctioneers. All rights reserved.
Global Chinese Antiques and Art Auction Market 2 Annual Statistical Report: 2012
Number of Auction Houses Selling Chinese Art Globally, 2011
and 2012
Mainland 309
China
355
226
Overseas
238
Auction
0 50 100 150 200 250 300 350 400
Houses
2011
2012
©2013 Artnet Worldwide Corporation. ©China Association of Auctioneers. All rights reserved.