Revaluation of old oil painting market steadily rises

On May 30th, 2011, a “Five Nude Woman” created by Chang Yu, a first-generation oil painter, shot RMB 107 million in Hong Kong Ravenel Spring Auctions in Hong Kong. Yuan painting records appear on the old oil painting plate. In 1966, Chang Yu died of accidental gas poisoning in Paris. His works were purchased by the Jews in batches and appeared in auction houses and galleries in Paris. After several changes, most of the Changyu works had been transferred to the hands of Chinese Taiwanese collectors. High price. This “Five Naked Woman” was originally owned by Chen Taiming, the chairman of Taiwan’s Guoju Group. When auctioned by Taipei’s Sotheby’s in October 1993, the transaction price reached TWD 4.87 million, creating the highest record of Chinese old oil paintings at the time. The high turnover of “Five Naked Women” undoubtedly pushed the revaluation discussion of the old oil painting sector to a climax.

Collection of old oil paintings

From the perspective of the first-generation oil painters and the second-generation oil painters, several big names competed to create high prices. In terms of the Hong Kong market and the mainland market, they also achieved record highs and the highest price record in turn. In terms of the old oil painting auctions in Hong Kong and the Mainland, the old oil paintings on the markets of the two cities are obviously different in scale and overall style. The old oil paintings on the mainland market are basically Xu Beihong, Yan Wenliang, Lin Fengmian, Liu Haisu, and Wu. The works of Guan Zhongzhong's famous artists are the main line, while in Hong Kong, Chang Yu, Chen Chengbo, Zhu Xi, Zao Wou-Ki, Chu Teh-Chung and other old paintings with international plates are the main ones. Among the available data, as early as 2005, Pan Yuliang and Zao Wou-ki’s old oil paintings had already exceeded the 10 million yuan mark. Different from the Hong Kong market, the mainland market mainly pushed Xu Beihong and other real old oil paintings. In November 2005, Beijing Poly Film launched Xu Beihong as a portrait of Janey in 1939 with a turnover of 22 million yuan, creating the first time the old oil paintings in the Mainland. Breaking 10 million records.

By 2006, 10 old oil paintings had exceeded 10 million, and the old oil painting market in the Hong Kong market remained strong. Christine's Autumn Auction of Hong Kong's Xu Beihong as a "slave and lion" was sold for RMB 56.603 million in ***, winning the title in the year; Chang Yu and Chen Chengbo, who were the first generation oil painters, also performed well. Hong Kong Sotheby's launched the autumn auction. Chen Chengbo's “Freshwater” sold at a high price of 36,234,000RMB; Changyu had 3 works that set a high price of 10 million RMB, and in 1950 he made a sale of “Qingtao and Ju” to RMB 30.41 million. Is the highest price. In addition, the performance of the international disk Chu Teh-chun attracted the attention of the experts. It was sold by Christie's Hong Kong in 1960 as "Red Rain Village; Baiyun She" with a high transaction price of 26.915 million yuan. In the mainland market, Xu Beihong made the “Yugong Yishan” in 1940 and auctioned for RMB 33 million at the Hanhai auction in Beijing.

In the following year, 19 auctions exceeded 10 million, and the highest price in the year was still taken by the Hong Kong market. Hong Kong continued to monopolize a large share of the old oil painting market. Among them, Xu Beihong took the lead and Chen Chengbo followed. Xu Beihong's "Lost Your Whip" was sold in Hong Kong at Sotheby's for 72 million yuan. The Hong Kong Christie's autumn auction of Chen Chengbo's "Fresh Water Sunset" in 1935 was sold for 50.728 million yuan. In addition, the two Zao Wuji auctions sold by Christie's Hong Kong were all close to the high price of 30 million yuan.

The old oil painting market in 2008 and 2009 can only be said to be a trend of stability. The scarcity of old oil paintings highlights the characteristics of the auction market. There are only a few transactions in the auction market, especially the works of the first generation oil painters. . In 2010, the old oil painting market continued to rise, breaking 24 million pieces of goods in an annual amount of 24 pieces. The market of Changyu's works in the international market continued to be strong. Hong Kong Christie's autumn auction was launched in the 1950s as a “pot of flowers and chrysanthemums” with a turnover of 45.638 million yuan. In the Mainland, Xu Beihong’s “Jiang Biwei like” launched by Beijing Jiuge Spring Auctions sold for 72.8 million yuan, creating the highest price record for Xu Beihong's oil paintings. In addition, the 1931 “Nude Girl” launched by Beijing Yongshi Spring Auctions was sold for 10.752 million yuan. *** Deal. 2011 was the blowout period of the old oil painting market. There were 51 auction items that exceeded 10 million in the year, among which there was a single price of one hundred million yuan. Chang Yu’s “Five Naked Woman” was priced at 107 million yuan in Hong Kong. The market shot, setting a world record for old oil paintings.

It can be said that in addition to Xu Beihong and Wu Guanzhong, the mainland market has broken millions, tens of millions of works far behind the Hong Kong market's Chang Yu, Zao Wou-ki, Chu Teh-chun and others. Regardless of the transaction price of a single piece of work, the turnover of a quarterly auction, and the turnover rate, the Hong Kong market is still dominant. However, in recent years, the auction ecology of the Mainland has gradually become more optimistic. A large number of old oil paintings collected in the Taiwan area began to flow to the Mainland. The work of the families of painters in mainland China began to release. Many experts believe that in the past, this area was specialized for scholars or experts, but now it is a historical opportunity for the early collection of oil paintings, and it has gradually shifted to powerful big collectors.

Second-generation oil painters have become mainstream

According to relevant statistics, out of the top 50 “Chinese oil painters ranked in the total turnover”, the first and second generation oil painters accounted for 16 seats, and 24 of the top 100 accounted for 1/1 of the total. 3, 1/4, enough to see the importance of the old oil painting market segment.

In the top 50 rankings of "China's total sales of oil painters," the first-generation painters accounted for 11 seats: Yan Wenliang, Xu Beihong, Pan Yuliang, Lin Fengmian, Chang Yu, Wu Dayu, who stayed in the law, and Chen Chengbo and Guan Liang, who stayed in Japan. Liao Chi-chun, Zhu Xi who stayed in the United States, and Liu Hai-su, the founder of Shanghai Beauty College. Among them, among the first generation of oil painters, Xu Beihong, Liu Haisu, and Lin Fengmian were the most influential members of the “Three Dice of the Altar”. The Xu Beihong market was the best among them. Up to now, Xu Beihong's works have been traded 4582, with a total turnover of 6.109 billion yuan***, ranking the top among all Chinese oil painting and Chinese painting artists. In Xu Beihong's work market, although its oil paintings only shot 183 times, less than 1/25 of the number of Chinese paintings, the total turnover was over 600 million yuan, which is close to 1/10 of that of Chinese paintings, and the average price was 4.66 million yuan***. In addition, in the ranking of “China's total sales of oil painters”, Chang Yu, the first-generation painter who settled in France, ranked seventh. Up till now, his paintings have taken 98 shots and 81 transactions, with a total turnover of more than 812 million. Yuan ***, the average price is as high as 9.66 million yuan***.

Although the first generation oil painters are still the main force of the old oil painting sector, their number of works is becoming increasingly scarce as time goes by. Second-generation oil painters are gradually becoming the mainstream of the market. Since 2007, the works of the first generation of oil painters have appeared to be in short supply. This year, the demand for old oil paintings by collectors has drastically increased the market for second generation oil painters. Take the Chinese mainland market as an example. Wu Guanzhong's "Mudu" launched by Poly Autumn Auctions in Beijing sold for RMB 39.2 million, and Wu Zuoren's "Outside the Liberation of Nanjing" in 1949 also sold for 12.32 million yuan at the autumn auction of Beijing Huachen Auction. *** Deal. In the two years from 2008 to 2009, the advantages of the number of works of the second-generation oil painters were further highlighted. In 2008 Hong Kong Christie's autumn auction, the international plate of Zao Wou-ki in 1956 for "HOMMAGE A TOU-FOU" successfully came to 40 million yuan *** mark, in 2009 there are also two auctions over 30 million. Chu Teh-chun continued his efforts. Hong Kong Christie's autumn auction in 2009 and Chu Teh-chun's 1990-1999 "Snow Bream" also went smoothly to the 40 million mark. In addition, there are also two auctions of Wu Guanzhong in the domestic market that exceeded 30 million. Even in the 2010 when the art market was shrinking, Wu Guanzhong's “The Yangtze River Wanli Map” oil painting scroll launched by Beijing Hanhai Spring Auctions also sold a high price of 57.12 million yuan. In 2011, out of 51 million auctions, the second-generation oil painter Wu Guanzhong occupied 20 seats, and Zao Wou-ki took 22 seats. The blowout of the old oil painting market relied solely on the second-generation oil painters with a more advantageous number of works. . Among them, Zao Wou-ki in the international market made a high price of 56.564 million yuan in 1968 for "10.1.68", and the high price of 74.75 million yuan was paid for Wu Guanzhong's "The Former Residence of Qiu Nai" in the mainland.

Small masters have great potential

Compared with the rapid popularity of contemporary art, the old oil painting of the 20th century has passed the test of years. Its academic value is beyond doubt. It is not surprising that it gradually became a hot spot in the market. Many experts believe that most of the old oil paintings, except for a few famous artists, are mostly The price of early oil paintings was almost the same as it was ten years ago. However, the good news is that the Mainland market has found this vacancy. The old oil paintings represented by China's Guardian, Beijing Hanhai, and Beijing Jiaoshi have performed particularly well in the past two years. After China's Guardian began its early oil painting in autumn 2010, in the second auction of early oil paintings in 2011, 55 works were traded for 43 pieces with a turnover of RMB 62.65 million, except for Guan Liang’s “Shimen” in 1980 and 2300. Ten Thousand Yuan (This painting was originally owned by the Taiwanese National Giants' Association, and in 1996 it was the cover auction for Taipei's Sotheby's Autumn Auction). Wu Guanzhong's "Jinggangshan Liujiaping Scenery" was sold for 11.5 million yuan, and the audience was 6 The prices of the old oil paintings were over one million yuan. Among them, Pang Xunzhen’s 1983 “Road is out of the people” was sold for 3.22 million yuan, and the “still life” sold by Qiu Di in the early 1930s was sold for 2.3 million yuan. Ai Zhongxin In 1950, the "woman driver Tian Guiying" also sold a high price of 4.6 million yuan. The China Jiade Early Oil Painting Special is also the only old oil painting special event in the mainland.

In addition, Beijing Yishi also increased the auction scale of the old oil painting last year: of the 79 works in the “49-85 years of special works for sketching works”, there were about 30 works before the 1980s, and there were no shortages of Yan Wenliang, Li Chaoshi, and Fei Yi. Fu Shi, Hu Shanlu, Sun Zongwei, Xiao Shufang and other masterpieces. In 1939, Sun Zongwei's sketch still life “Cooking in the kitchen” was sold for RMB 506,000. Wang Wenbin was shot in 1979 for “Xi Dan Da Zi Bao” from 20,000 Yuan to 632,500 Yuan. Li Chaoshi sold the price of “Four Years Old” in 1962. 77.05 million yuan, Ding Zhengxian made the "residue" in 1961 also shot 575,000 yuan.