Not long ago, the Regulations on the Registration of Mobile Asset Mortgages made works of art truly valuable, and Beijing became the first city in China to pilot a unified registration system for mobile property guarantees.
This series of good news is coming one after another, is it injecting a boost into the art market? What does this mean for the development of art finance?
As the third largest investment asset, the biggest difference between art and real estate and ** is the spiritual satisfaction it brings. During the Second World War, and bonds*** while art** soared, especially small-sized artworks**. This is because artwork is removable, easy to carry, small in size, and high in value.
Art is not only a consumer product to show off, but also a vehicle for hidden wealth.
As a result, when talking to executives from private banks, family trusts, and family offices recently, they will see a marked increase in interest in art since the publication of the Global Tax Disclosure Agreement (CIIS) in 2017.
More and more affluent people are optimistic about the huge appreciation potential of the art market, and funds have also flowed into the art market from the real estate market and **. Digesting the value of a work of art is not just a game, but a process that requires much thought.
Under the current situation, the construction of the domestic art industry system is not yet mature, and the financial industry cannot be deeply involved because of the lack of relevant standards.
As a result, the market size is shrinking, and the money spent at auctions can become "dead money", and corporate collectors dare to use idle funds to collect. If the artwork can be used as collateral for loans, the holder can be more bold to collect, release the value hoarded in the artwork, and realize the flow of funds.
In this way, not only can the value of the collection be maintained, but the artwork will also be avoided from sitting idle, resulting in a greater return on investment.
The realization of the Chinese dream lies in the prosperity of Chinese culture, so let's maintain the value of our collection while obtaining the necessary liquidity.
Allowing artworks to have financial "wings" can make Chinese artworks better go global.
The necessary condition is the establishment of a modern movable property security system to obtain financial support through movable assets as a guarantee in order to promote the availability of credit for micro, small and medium-sized enterprises. This is the core goal we pursue, and we await the development of art evaluation criteria to quantify the scale of the artwork.
After the implementation of the Measures for the Registration of Chattel Mortgages on April 20, 2019, private collectors can more rationally display the value of ancient artworks.
This is pragmatic good news, and it's time we should be ready as soon as possible! In recent years, the state has supported the establishment of a number of art trading centers, cultural relics and artwork appraisal centers and major online auction platforms, which undoubtedly marks the strong rise of the art industry.
Art will gradually become one of the first choices for legal mortgage of movable property in people's minds.
Art pawn, which is a way to use art as collateral for pledge financing. It has a more convenient way of financing compared to a bank's art mortgage, but the interest and fees are relatively high.
Pawn is suitable for short-term, much-needed funding needs, while bank loans are suitable for long-term funding needs.
When dealing with the art pawn business, we have several requirements:
To ensure the legitimacy of the object, it is necessary to understand the ** of the artwork and ask the customer to fill in the declaration of legality**.
Take good care of the pawned artwork. Immediately after appraisal and valuation, the artwork is packaged and sealed to ensure that it is in perfect condition.
Third, we have implemented a one-vote veto system for doubtful points. We hired a number of experts and consultants to conduct the appraisal, and everyone had to participate and consult together. Pawns can only be processed with the unanimous agreement of the expert group.
Fourth, we only pawn genuine and high-quality products. The items to be pawned should be carefully selected so that they can be quickly cashed out after being unpawned.
We do not handle the pawn business of excavated cultural relics. According to national regulations, bronzes, Tang Sancai, pottery, ivory and other products, as well as suspected excavations and works of art prohibited by laws and regulations, cannot be pawned.
Author's Note:
And the reason why you will be deceived is not that you don't have a certain understanding of the collection, you always think that your things are worth millions, or even tens of millions, and others just take advantage of your own greed, so that you are fooled step by step, always thinking about getting rich overnight, it turns out that in the end, you find that your things are not worth anything at all, and you have been deceived by hundreds of thousands before you wake up, if you have a certain understanding of the collection, it is estimated that you will not be deceived.
In this "Guide to Chinese Antiques", the author's in-depth research on the antique appraisal and auction market can be described as hitting the nail on the head. The book introduces in detail the identification of porcelain, calligraphy and paintings, coins and other antiques, so that readers can distinguish the authenticity and avoid being deceived.
At the same time, the analysis of the auction market is also very thorough, so that people can see at a glance the reliability and routine methods of the auction company.
I still remember a Tibetan friend mentioned in the book, who was deceived and bruised because of his lack of knowledge of collectibles, and later bought this "Guide to Chinese Antiques", only to realize that those so-called auction and acquisition companies are simply nothing.
Through the guidance in the book, he eventually learned how to sell his collection and successfully monetize it. This book is really a valuable asset, which can save people a lot of detours and avoid unnecessary losses.
In addition, the book also contains a summary of the author's experience of being deceived, recording various auction routines and acquisition fraud. These contents are very useful warnings and references for Tibetan friends, so that people will not be accidentally injured in the process of chasing antiques. Therefore, this "Guide to Chinese Antiques" is really a must-have book for Tibetan friends who are very worthy of possession.
This book is not only a guide to teach people how to identify antiques and avoid being deceived, but also a practical book to help people recognize the tricks of the auction market. In today's era of fraud and fraud, the emergence of such a book undoubtedly provides a good medicine for the majority of Tibetan friends.
I hope that more people will pay attention to this book and avoid stepping into the trap of antique collecting.
Antiques