But it was clear to me that in view of its "youth", it was crucial to dwell on its history to give a clear idea of its organisation and get an inkling of how it might be in the future. China began opening out to the world exactly forty years ago. And it's only been a member of the WTO since ….
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So how did the market start up, exactly? But the population was still suffering from terrible job insecurity. Many decided to sell all or part of these pieces to improve their daily lives.
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So the government was able to build up a large stock and train a generation of experts through its antiquities stores. These shops were authorised to sell a few expensive pieces to strangers passing through to finance their acquisitions. One of these stores in Shanghai, Duo Yun Xuan, was inspired by auctions in Hong Kong — and the incredible results they achieved — to set up a similar system in mainland China.
A year later, in , it staged its first sale, which was attended by the people who created China Guardian the following year.
China Emerging : 1978 - 2008
So it was only in the mid-nineties that an auction market began to put down roots, which then encouraged the development of the art market in general. Marc Heiremans stand. Photo Loraine Bodewes. And today, how is the auction scene doing in China? The market literally exploded, reaching a peak — clearly founded on speculation, in part — in Since then, it has become more effectively structured and has matured. In practical terms, the scope of foreign auction houses is still restricted, as they are not allowed to sell Chinese antiquities and traditional art.
But this has never come about, and I don't think things are likely to change any time soon.
Meanwhile, Chinese operators have the right to sell what they like, but they need time to build up teams. They don't lack expertise so much as "specialists" who will go out and look for business, and who know who owns what. How have galleries developed, for their part? Chinese contemporary art galleries were still pretty embryonic until quite recently. Then there was a huge rise in new galleries, working up to the peak of , but numbers have been falling off again more recently. So the number of new galleries opening rose from thirty-three in to three hundred and forty-seven in , dropping back to twenty-four in Even though collectors are much keener to buy art in galleries than in the past, paradoxically Chinese galleries are having a much harder time than in This is the result of much tougher competition, particularly from Western galleries, which have been arriving in droves over the last few years, and a globalisation in taste.
But new business models are being tried out. We think that international galleries will continue to set up in the country. Local brands will need to adapt, perhaps collaborating with their colleagues to survive and develop. To make life easier, we accept a number of secure payment methods designed to be completely safe and friendly. When you shop at this store, your privacy and online security are always guaranteed.
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