新闻News正文

Opening up the art market

2013-05-03 08:54:15globaltimes

While China's contemporary art can now easily make headlines in the global art market during the auction season each year, not everyone has the opportunity or means to offer bids at Sotheby's or Christie's. At the same time, not every artist has the good fortune to make it onto auction heavyweights' final lists, especially those who have just started out in the business.

For the Chinese art market, the past two decades have been dominated by astronomically priced works, while more often than not, affordable art works end up being neglected. Luckily, things are turning around, with new platforms emerging that allow affordable art works to meet more potential buyers.

Surging low-priced art

With the 2013 SURGE Art Beijing (which kicked off on April 29) just ending on Thursday, the seven-year-old art festival has gained increasing attention for its collective exhibition of low-priced art works around the country each year.

"We received 14,000 applications (for exhibiting art works) this year, and we narrowed them to the final 600 works from 200 artists through our five-expert judge panel," said Tom Pattinson, founder of the festival, "each judge has a vote and if a work gets three or more votes, it is put through to the final."

With the judge panel covering famous curators and artists from both China and abroad, including You Yang (vice chairman of UCCA,) Karen Smith, Liu Xiaodong, Bao Dong and Cao Difei, the value of those art works this year is also reflected in their prices. The highest price for this year's SURGE Art Beijing is 30,000 yuan ($4,866), higher than the maximum 20,000 yuan which had been the record for the past three years, and the average price is around 5,000 to 6,000 yuan, basically the same level as last year.

"After seven years of development, we have gradually crept up to a maximum ceiling of 30,000 yuan for any work of art during the fair, and this is now in line with what is globally accepted as 'affordable,' which is around $5,000," Pattinson told the Global Times.

Pattinson explained that over the last eight years, people's understanding of contemporary art has grown. "They realize the value of spending money on a work of art that they can keep for life and that may well appreciate in value instead of a pair of shoes or a new handbag," he added.

Launched in 2006, the festival was then called AAB (Affordable Art Beijing) and aimed to fill the gap between the public's demand for art works that they like and suited their budget, and young artists' lack of opportunity to showcase their works. Changing its name from AAB to SURGE Art last year, the festival is now trying to build itself into a brand that puts more emphasis on quality. "We want to make it known for the quality instead of price of those art works," said Pattinson.

Galleries aside

Affordable art festivals like SURGE Art have been developing for more than a decade in other countries. In 1999, the first AAF (Affordable Art Fair)was initiated in London, making sure that art works in the exhibition were not priced at more than 3,000 pounds.

The last 14 years have seen the trend sweep across more than 20 cities including New York and Paris. However, despite their similar goals, each of those festivals has its own way of selecting art works, setting prices and charging commission fees.

"A big difference from our foreign counterparts is we work directly with artists, without galleries involved," said Pattinson, "most of the global affordable art fairs are operating in the way of selling their exhibition places to galleries who then choose on their own which works to exhibit."

"Galleries usually have too many restrictions, such as targeting specific collectors and higher commission fees, making it impossible to cover a wide base of artists and visitors," said Chen Linggang, who loves art and became a full-time painter in 2007.

Without galleries becoming involved in the process, artists working with SURGE Art can decide prices for their own works. "When I first attended the AAB in 2011, my four paintings were all sold at around 5,000 yuan per copy even at the preview stage, and this year I bought four works and expect them to sell at a price of around 15,000 yuan," Chen told the Global Times.

Deepening the market

However, while galleries are not part of the trading process during the festival, the platform does open doors for them to scout for potential artists. For example, after Chen attended the AAB in 2011, he was invited by a domestic gallery to become a long-term agent and establish a cooperative partnership.

"It allows your works to be seen by both domestic and foreign galleries, and is a helpful start for young artists," he said.

Any market produces both popular and high-end goods for different buyers, and the art market is no different. "But in China, only the top ones have been fervently chased in the past years," said Yu Tianhong, an art critic, "the art market in any place should have a system, like a pyramid, with popular art works for the public making up the bottom of the structure."

With a quickly growing middle-class, China's potential buying power for art works is huge. And from SURGE Art Beijing's previous years' results, most visitors and buyers are young people, many of whom are white-collar workers.

"Consumers with an innovative spirit gradually realize the value of collecting art works, instead of simply buying luxury goods," said You Yang, one of the experts on the judging panel for 2013 SURGE Art Beijing.

And to cater to this growing and awakening consumer group, SURGE Art is also expanding throughout the country. Last October, they held the festival in Shanghai for the first time. And late this year, the first SURGE Art will be held in Hong Kong.

"Chinese art markets now are (focused) at the very top.  We want to make it deeper, to introduce more quality and affordable art works to more people," said Pattinson.

(责任编辑:刘正花)

推荐关键字art market

相关文章

作品推荐

展览推荐

拍卖预展

2022年春季艺术品拍卖会
安徽省艺观拍卖有限公司
预展时间:2030年12月31日
预展地点:安徽省芜湖市萧瀚美
北京盈昌当代书画专场(十
北京盈昌国际拍卖有限公司
预展时间:2022年3月21日-30日
预展地点:北京盈昌网拍
北京盈昌当代书画专场拍卖
北京盈昌国际拍卖有限公司
预展时间:2022年3月21日-27日
预展地点:北京盈昌网拍

官网推荐

拍卖指数

比上一拍卖季:↓24%当前指数:5,717
国画400指数

每日最新

每周热点

  1. 1 艺术品消费“吃快餐”,远离了傲慢还
  2. 2 守护诚信 致力传承,雅昌鉴证备案以领
  3. 3 央视3·15曝光疯狂的翡翠直播间:古玩
  4. 4 张大千剧迹《仿王希孟千里江山图》睽
  5. 5 “写实主义与超现实主义的对话--孙家
  6. 6 佳士得纽约亚洲艺术周 | 重要大理国铜
  7. 7 Poly-Online丨“春意”上线——中国
  8. 8 XR技术与艺术创作融合的元宇宙虚拟
  9. 9 专稿 | 是什么成就了加埃塔诺·佩谢
  10. 10 艺术号·专栏 | 陈履生:画中的少数

排行榜

论坛/博客热点

推荐视频

业务合作: 010-80451148 bjb@artron.net 责任编辑: 程立雪010-80451148

关于我们产品介绍人才招聘雅昌动态联系我们网站地图版权说明免责声明隐私权保护友情链接雅昌集团专家顾问法律顾问
  • 艺术头条App
    艺术头条App
意见反馈