Revenue Beijing China Guardian has grown by 50%. Now he is the most successful auction house in Asia

Beijing China Guardian Auction House published a report on the results of its operations for the year 2009. The company managed to sell 22 thousand units in six categories ( "Chinese Painting and Calligraphy", "Porcelain and works of art", "Chinese Oil Painting", "sculpture and photography," "Jewels" and "old books, stamps, coins and bronze mirrors "). Auctions brought to 2,712 billion yuan (397.21 million dollars), which is the highest rate for the entire 16-year history. By comparison with 2008 revenues increased by 50%. Only the works of Chinese painters and calligraphers (8,8 thousands of lots) yielded 1,941 billion yuan (284.28 million dollars), making China Guardian world leader in this market segment.

In Last year, China Guardian has become the most successful auction house from all that are based in Asia. The head of the company Yannan Wang (Wang Yannan) stated that these successes once again confirmed the status of Beijing as the fourth leading auction site of the world (after New York, London and Hong Kong).

American experts Michael Plummer (Michael Plummer) and Jeff Reybin (Jeff Rabin) in its article about the prospects of the art market write: "The limited liquidity on the art market, a general reduction of risk positions, the disorder in the financial markets - the consequences of this were felt throughout 2009. But the global economic turmoil has strengthened collectors from China, India and the Middle East in the opinion that it is necessary to keep the real assets - art, real estate, gold, and so on. "Emerging Markets", it must be said, recovering faster than the U.S., Europe and Japan. So no surprise that the classic Chinese art has suffered in the crisis is less than west ».

article prepared by Julia Maksimova, AI

Sources: artinfo.com , artinvestment.ru