The Municipal Bureau of Culture and Tourism said that in 2021, driven by the comprehensive reform pilot, the Cultural Relics Market in Shanghai will be transformed in an orderly manner and gradually picked up. A total of 1,004 cultural relics auctions were held in Shanghai throughout the year, and 125218 pieces were auctioned, with a total turnover of more than 6 billion yuan, an increase of 25% year-on-year, accounting for about a quarter of the national market share. "Online auction", "brand gathering", "Expo time", "docking international", use these four keywords to take stock of the Shanghai cultural relics market in 2021
Keyword 1: online auction
Among the 78 cultural relics auction enterprises in the city, more than 40 have carried out online cultural relics and art display and auction activities. In 2021, a total of 810 pure online cultural relics auctions were held, and 35 of them had a turnover of more than one million yuan. The turnover of the third phase of Shanghai Kuangshi online auction was 45.22 million yuan. Shanghai Jiahe held a total of 96 online auctions throughout the year, with a total turnover of 39.86 million yuan. In September 2021, an auction that obtained a cultural relics auction business license has exceeded 200 million yuan in online auction turnover.
Zhang Daqian, "The Wind of the Water Temple Comes to the Dark Fragrance"
Realized price: RMB 76,475,000
Jun kiln square low-legged flower pot
Realized price: RMB 71,300,000
Keyword two: brand agglomeration
The "Cultural Relics Auction Leading Enterprise Support Program" has accelerated the creation and agglomeration of local auction brands. A number of top domestic auction enterprises are laid out in Shanghai, and local enterprises in Shanghai are developing rapidly.
Zhongmao Shengjia Shanghai autumn auction scene
Keyword three: bo time
At the 4th China International Import Expo, the first cultural relics and artworks exhibition area set up for the first time has received attention from all sides since the beginning of the opening, and 178 works from 20 overseas institutions including Christie's, Sotheby's and Ferguson's from 11 countries and regions such as the United Kingdom, Spain and Hong Kong have participated in the exhibition, and the works of famous Chinese and foreign artists such as Zhang Daqian, Qi Baishi, Wu Guanzhong, Monet, Modigliani, and Chagall have made wonderful appearances. In the end, 41 cultural relics and artworks were completed, with a turnover of 760 million yuan. For the first time, the Shanghai International Cultural Relics and Artworks Trade entered the "Expo Time".
The exhibition site of cultural relics and artworks at the Expo
Keyword four: docking international
Shanghai focuses on the construction of an internationally important cultural relics and artworks trading center, and strives to enhance its global resource allocation capabilities. The "June ×N" system for the temporary entry of cultural relics in the only free trade zone in the country has been implemented in Shanghai, and the approval procedure for the extension of the temporary entry of cultural relics has been further simplified. Shanghai has become the preferred port for well-known cultural relics and art management institutions at home and abroad such as Guardian, Poly, Christie's, Sotheby's and other well-known cultural relics and artworks to handle the entry and exit of cultural relics, and a total of 5,037 cultural relics will be handled in 2021. In the whole year, more than 2,000 cultural relics and artworks entered and exited through the Shanghai International Art Bonded Service Center, with a value of 17 billion yuan, an increase of more than 180% compared with the historical peak of 6 billion yuan in 2019. Christie's announced at global press conferences that Christie's (Shanghai) will hold its first Shanghai-London joint auction in March 2022 after moving into the new Bund One site.
Christie's new shanghai site (renderings)