As the wealth of China has increased exponentially over the past three decades, Chinese buyers have come to dominate the international art market. According to Sotheby’s statistics, from 2010 to 2014, the number of Chinese buyers who participated in Western art biddings increased by 54%. In 2013, for example, 530 Chinese mainland collectors successfully competed for a total of 378 million US dollars in Western art.
According to the latest The Art Basel and UBS Global Art Market Report, the global art market is continuing to grow. In 2018, the total sales of the global art market were about 67.4 billion US dollars, up 6% from 2017, and the high-end market was further integrated. This is the second-highest sale in the global art market in 10 years, after $68.2 billion in 2014.
‘For Chinese buyers, purchasing art is a way to show wealth, power and sophistication, in the same way as Western buyers and collectors,’ says Mark Slaats, art consultant at Littleton & Hennessy Asian Art, an acquisition agency based in London and New York. ‘However, it is often also an investment, used to speculate on a potential increase in the value of the work of art.’
It’s no surprise then that Chinese buyers have been setting records at auction houses throughout the world in the past few years.
In the last years the following pieces of art have been bought by Chinese: the Picasso’s “Two Kids” (Claude et Paloma), Van Gogh’s 1890 painting “Still Life, Vase with Daises and Poppies”, Van Gogh’s landscape painting “L’allée des Alyscamps”, Monet’s “Water Lily Pool and Rose” (Bassin aux nymphéas, les rosiers), just to mention the most important ones.
Is the show-off factor enough as an explanation of this rising interest for famous paintings?
Since I’ve been working for many years with wealthy entrepreneurs, I know they are smarter than that: they buy these expensive pieces of arts out of passion and investment mindset.
They know that so famous paintings can just acquire value with time, and they are right about that. My company in the last fifteen years has gained many contacts in Europe with art dealers, bank officials, and rich privates.
Art dealers are eager to offer me their famous paintings since they know I live in China, and they are aware of the sales trend in the world.
Bank officials need to help some of their clients to sell their valuable goods because they need to pay debts, and they are very interested in helping them to sell.
Rich privates have held these pieces of art for centuries and, for one reason or another, they are now in need of cash, or the young generations do not appreciate the value of keeping at home what they could sell for much money.
We have available valuable paintings by famous artists as:
Pablo Picasso’s Femme au Peignoir de Bain 1901
Salvador Dali’s Study for Alexander Mural 1964
Il Tintoretto’s La Flagellazione di Cristo (Christ’s Flagellation)
Leonardo da Vinci’s Signora con la pelliccia (Lady with the fur coat)
Gauguin’s Natura morta con mele e uva (Dead Nature with apples and grapes）
Between the others, Jaque Luis David, Sironi, Raffaello, Michelangelo, Filippo de Pisis.
All the pieces of art we offer to you come with the relevant certificates of authenticity.
How to buy them?
FIRST CASE
If your request isn’t in our primary selection, you can take advantage of our resources in this field just indicating：
– the author of the painting
– the historical period of the artist
– reference dimensions
– your budget
– a proof of your funds
As soon as you completed these fields：
1) We research the artwork
2) Once we find what you are looking for, you save a deposit on a trust account
3) We organize your visit to examine the artwork and check the certificates of authenticity
4) If all the requirements are satisfied, an escrow account will be opened as a guarantee for both the sides
5) The stipulation of the sale deed
SECOND CASE
If your requested painting is available, this is the process:
1) You sign a sale mandate with proof of your funds
2) You save a deposit on a trust account
3) We organize your visit to examine the artwork and check the certificates of authenticity
4) If all the requirements are satisfied an escrow account will be opened as a guarantee for both the sides
5) The stipulation of the sale deed
Fond of arts? Tell us your dreams, and you will not regret it.
Note:
If you are interested in some investment opportunities abroad, you can always contact us and we will be happy to provide you with information and answer all your questions.
zago.sara@chinamultiservice.com
marcoconti@chinamultiservice.com
