Hot money, art market warms up

From the "garlic you" to "beans you play", where the hot money went, the subject matter is repeatedly created "high price." Today, this speculative wind has blown to the art market.

This year, the sky-high prices of artworks have frequently appeared in the field of painting and calligraphy. The rise in the price of artworks is a manifestation of their attractiveness value. It also reflects the recognition of Chinese culture by collectors. The more important reason is that, starting this year, some new funds have flowed into the art investment market. As more buyers entered, collectively pushing up the trading market, the group probably included three groups: new collectors, old collectors, and newly involved institutions. With more attention, the price of art will naturally rise. In fact, the influx of new funds has been recognized as the main reason for the ever-increasing price of art auctions. Some analysts said that due to policy adjustments and other factors, private capital has withdrawn from traditional investment fields such as export trade and energy, resulting in a surplus of hot money in the art market. Especially in the past six months, under the severe control of the new “National Ten Articles”, the end of the era of extreme profits in the real estate market, while the Stock market all the way down, the downward trend is difficult to change in the short term, a large number of speculative funds gradually withdraw, investors turn their attention to the art Goods, these reasons inject the art market with a lot of money.

A person in the auction community stated that the market for painting and calligraphy is now in the era of billions of dollars, and the power to accelerate the arrival of this one billion yuan era comes from the outside world. "Originally people who love collections will enjoy possessions and enjoy viewing. They will not buy or sell quickly. Therefore, the market will not be crazy in the short term. Only the influx of foreign capital speculation and speculation will appear short-term madness." Some people said that before Collecting art for 50 years is not a collector. Now it can be called a collector if it is not sold for 5 years.

No one can give a definitive answer to the question of how much the return rate of investing in the collection of artworks is, but everyone believes it is much higher than the average industry returns.

With the influx of safe-haven funds, there has been a significant increase in the price of jadeite. Now that good jade is “hard to find,” and investors are “more and more mobilized”, the Jade market seems to be playing “crazy stones”. At the Beijing International Jewellery Show at the end of last year, Sri Lanka's exhibitors, which were rich in colored gems, changed the practice of only a few booths in the past. Several jewelers formed a large pavilion. The market enthusiasm is directly reflected in the retail price. The recent increase in the price of high-end precious stones is very obvious. The ice-kind Buddha pendants that were available for more than 5,000 yuan last year have already been sold for more than 10,000 yuan this year. The continuous rise in the price of gemstones has led many people to see that its value-added space has also stimulated the enthusiasm of the general public for purchases. The sales of gemstones have been leaps. According to the statistics of Beijing Guohua Mall, the shopping mall colored stones in the first half of 2010 Sales increased by 56.2%.

Sources said that since the beginning of this year, only China's hot money to go to the jade market in Myanmar has reached about 3 billion yuan. These hot money mainly come from coal traders in Shanxi, small and medium-sized real estate developers in Guangdong, and merchants in Fujian and Zhejiang Wenzhou. They are mainly targeting the jade stone in Burma and are spending hundreds of millions of dollars to buy goods. It is understood that from January to June this year, the price of rough stone in Myanmar has risen by more than 30%. The price increase wind has been transmitted to the domestic jade finished product market, which has increased the price of various types of jade products such as Xinjiang Hetian jade.

Myanmar is known as "the country of jade", but in recent years, the country's finest raw materials have also been exhausted. In the first two years, the government of Myanmar adjusted its policy and limited mining. At the same time, the customs also continuously controls the export of fine jade, allowing only processed jade jewelry to leave the country. With the shortage of fine jade resources, only medium and low resources are left, leading to a rapid increase in the price of the fine jade market. Last year, the price of jade has risen once and it has nearly doubled. This year, the price of high-grade jadeite has gone up by 20%. A small finger-sized glass species of Burma jade, a colorless tens of millions, and a little green at least 450,000 yuan. Even higher.

According to media reports in Guangdong, in previous years, Guangdong jade merchants were often able to appeal to the jade in Burma's rough stone bid. However, in March of this year, a Burmese jade stone auction meeting, Fujian private capital accounted for the upper hand. Guangzhou Dayu Merchant Zhou Jian fancy a piece of jadeite stone estimated to produce RMB12 million to RMB15 million. He sold more than RMB12 million in high prices. The final winner was a group of Fujian “newcomers” who entered the arena for the first time. They It consists of a group of mineral bosses, medicine bosses, and real estate bosses. The bid price reaches more than 20 million yuan.

The madness of Jade Market is actually a microcosm of art investment. According to CCTV’s “Half an Hour in Economy” report, there are hundreds of billions of dollars of hot money entering the art market. The price of artworks, including paintings and calligraphy, jade and jade, has risen madly this year. However, industry experts also warned that investors should be more cautious when entering the market, and they should remain calm. On the one hand, with the hot investment in the jade investment market and the increase of investors, bad businesses took the opportunity to fish in troubled waters, leading to fake goods flowing into the market. Some newcomers may be deceived. On the other hand, under the current background of hot flashes, it is very difficult for the jadeite market to grasp, and it is very difficult to judge when the market enters the market or how much the price is to be sold. If the timing is not right, there is a possibility that it will be sold at a high position and may even be quilted.

As for the future trend of calligraphy and painting artwork, experts believe that the development of the Chinese art market has only been a decade or more, and it is in an early period of rapid development. There will certainly be more capital to invest in the art market, and these capitals will not be easy in the short term. Withdrawal, the price of these works should be in a state of rising for a short period of time, and investors can also choose to intervene at their own pace. However, it is necessary to remind investors that do not pay too much attention to the short-term ups and downs of works of art, and do not have the idea of ​​making quick money in the art market. Art investment should be a long-term investment. The investment return method, return cycle, and return content are different from real estate and securities. It cannot be equated with property market and stock market.

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