From May 1st to 5th, 204, the 43rd issue of Taifeng's cultural classic column "Xiaofeng Watching Art Exhibition" will meet you on May 1st, and you will enjoy the world of art information carefully planned by the column, and listen to the important things related to art.
The column summarizes and integrates the relevant information of the art market, the recent news and trends of Taifeng Culture, art exhibitions and other relevant information, so that you can keep abreast of cultural and artistic trends, collect cutting-edge information of the art market, and better pay attention to the development of Taifeng Culture.
PART.01 Art Information
With the recent release of the 2024 Art Basel and UBS Global Art Market Report, it can be seen that the global position of the Chinese art market is becoming more and more important. As the world's second-largest art market, China not only demonstrates its rich cultural heritage, but also offers new opportunities and challenges for collectors.
According to the report, in 2023, the Chinese art market bucked the trend, with sales increasing by 9% to US$12.2 billion, making it the world's second-largest art market. China's auction market is tied with the United States as the world's largest auction market, demonstrating the strong vitality and growth potential of the Chinese art market.
The global art market in 2023 is changing in a complex international environment. The Chinese (mainland and Hong Kong) art market is starting to return to normal operations, sparking heated expectations for a full recovery of the Chinese art industry as a whole. Art museums, art fairs, auction houses, and private organizations have quickly resumed operations, and cultural and artistic activities and sales have also been revitalized.
The Chinese market bucked the trend in 2023, with sales up 9% to an estimated $12.2 billion. China overtook the UK as the world's second-largest art market, rising to 19% of the market. The U.S. retains the top spot in the art market with 42% of the total turnover, while the UK is the third largest art market in the world with 17% of the global turnover in 2023.
Chinese paintings and calligraphy dominate the market, accounting for 54% of the total turnover of the Chinese art market in 2023. At the same time, the turnover of the manuscripts of the famous letters increased by 113% year-on-year, showing the strong interest in rare and unique works of art. In addition, the Chinese contemporary art market is undergoing a generational change, with post-70s, post-80s, and post-90s artists receiving great attention from the market, providing collectors with a variety of choices.
According to the report, the focus of China's art market in 2024 should be to cultivate a mature understanding of the intrinsic and cultural value of art in society, so as to recognize the unique challenges and opportunities in China's evolving art market.
The booming Chinese art market offers endless possibilities. As a collector, there's never been a better time to enter this market, build your own collection system, and support emerging artists and cultures. As the market continues to mature and diversify, collecting art is not only an investment, but also a cultural and lifestyle choice.
PART.02 Taifeng News
On April 10, Taifeng Culture held the first director training meeting in 2024 at Gu Tinglong's former residence. The purpose of this training is to strengthen the professionalism and leadership of the company's senior management team, improve the management level and business ability of the business directors, and promote the overall development of the company.
PART.03 Taifeng Art Exhibition
As an important part of traditional Chinese culture, the art of calligraphy and painting not only inherits the essence of traditional art, but also integrates the new concepts and styles of modern art, with distinctive characteristics of the times and spiritual connotation.
During the May Day holiday, Taifeng Culture grandly launched the "Fangfei Ink Rhyme - Chinese Painting Exhibition of Contemporary Masters" at various stations. In April 2024, Taifeng Culture will hold a total of 58 exhibitions of contemporary Chinese painting masters in Jiangsu, Zhejiang and Shanghai, bringing Chinese painting works with unique aesthetic value and cultural connotation to the public.
Meet in the next issue, the excitement is still the same.