A New Chapter in the Art Market: Financialization Trends and Future Prospects.
Under the current economic situation, with their forward-looking vision and lofty courage, the social wealth elites are using Internet thinking and financialization operation methods to actively explore and lay out future market hotspots in advance.
The art market, as such a field full of potential, is gradually becoming a new stage for them to chase wealth.
The tide of artwork financialization has not only brought new investment opportunities to the market, but also prompted us to re-examine the value and role of art.
The financial attributes of artworks are becoming more and more prominent, and they are no longer purely aesthetic goods, but have been transformed into valuable assets with investment value. Behind this transformation is the attraction of the value-added, scarce and fluid nature of artworks. In particular, those works of art with historical precipitation, cultural connotation and unique art have become fragrant and sweet in the eyes of investors.
In recent years, the rapid development of the art investment market has been remarkable. From 2016 to 2023, the market ushered in an unprecedented boom, with the influx of money driving the art market to soar in turnover.
At the same time, cultural and art festivals and other activities have been held in various parts of the country to actively attract more people to pay attention to the art investment market, which has further stimulated the vitality of the market.
In this trend, China still retains its position as the world's second largest art sales market. Looking back at 2022, Chinese art auctions accounted for 26% of the global market share, a figure that not only surpassed the United Kingdom and other countries, but also demonstrated China's leading position in the art market.
With the improvement of the income level of Chinese residents, cultural consumption has gradually become an important part of people's lives, which also provides a solid foundation for the further development of the art market.
It is worth mentioning that artworks are gradually entering people's daily lives and becoming the focus of attention of high-net-worth individuals. Through the popularization of the Internet and exhibitions, more and more people are able to contact and understand art, making art no longer out of reach.
Among high-net-worth individuals, the degree of love for "art" and "**" has increased significantly, which reflects that people's desire for the spiritual world is also growing while pursuing material wealth.
The function of preserving and increasing the value of artworks has attracted much attention and is regarded as an effective means of hedging against inflation.
Among high-net-worth individuals, art collection has become a stable and valuable investment.
More and more collectors are looking to the art market, believing it to be a better long-term investment when the market is less volatile.
The proportion of Chinese collectors who collect art with the motivation of "wealth preservation and appreciation" has increased year by year, reaching an impressive 58%.
This trend has not only promoted the prosperity of the art market, but also put forward a diversified demand for the inheritance of artworks.
Collectors are concerned about whether their collections are well preserved, researched and exhibited, and they hope to pass on the artworks to the next generation, so that future generations can continue to appreciate, study and pass on these precious works of art.
In this process, tax planning and reducing the cost of family wealth inheritance become crucial. High-net-worth individuals often use a variety of means to deal with the emotional and financial needs of artworks to ensure the smooth passage of their legacy.
They are not only concerned about the preservation and appreciation of the value of artworks, but also about how to achieve the best results in wealth inheritance.
This concern for inheritance not only reflects the cherishing of artworks, but also the responsibility for cultural inheritance.
As an art broker, I feel that this series of changes and trends has brought great opportunities for the development of the entire art industry. With the promotion of the financialization of art, art is no longer limited to the field of aesthetics and collection, but has become one of the assets sought after by investors.
The activity of the art market has not only injected new vitality into China's cultural industry, but also provided more possibilities for the preservation and inheritance of artworks.
Looking to the future, I have full confidence in the art market.
With the improvement of the income level of Chinese residents and the continuous growth of cultural consumption, artworks will gradually enter the lives of more people and become a part of daily life.
This will further promote the prosperity and diversification of the art market, and provide people with more investment options and spiritual enjoyment.
At the same time, we should also be aware of the challenges brought about by the financialization of art. While the market is booming, how to protect the rights and interests of investors, standardize the market order, and improve the accuracy of art appraisal and evaluation all need to be seriously considered and solved.
Only by continuously improving market rules and strengthening supervision can we ensure the healthy development of the art market and allow more people to benefit from the charm and value of artworks.
In conclusion, a new chapter in the art market is opening the trend of financialization, bringing new opportunities and challenges to the market.
We should embrace this change with a more open and inclusive mind, continue to explore and innovate, and contribute to the prosperity and development of the art market.
Author's Note:
Antique collecting has always been a high-profile topic, and in today's society, many collectors are interested in antique collecting. However, this was followed by many fraudulent methods by auction companies, which caused countless collectors to suffer huge losses.
An important reason for this is that many collectors do not have a certain understanding of collectibles. They always think that their things are worth millions, or even tens of millions, and others just take advantage of their greed and let them fall for it step by step.
always wanted to get rich overnight, but found that his things were worthless at all, and he was deceived by hundreds of thousands of dollars before he suddenly woke up. If you have a certain understanding of the collection, it is estimated that you will not be deceived. That's why the book "A Guide to Chinese Antiques" is so important.
The Guide to Chinese Antiques records the identification of porcelain, calligraphy and paintings, coins, etc., so that readers can understand what kind of antiques are valuable.
In addition, the book also contains antique auction knowledge, so that readers know which auction companies are reliable, and help analyze how not to be deceived.
This book records various auction routines and acquisition frauds, and the author also summarizes the experience of being cheated, so that readers can recognize the current auction market routines, how the other party makes you deceived, and it is clearly recorded.
In addition, the book can also prompt readers on how to sell their own collectibles. There was once a Tibetan friend who was deceived and bruised, and later bought this book only to realize that those so-called auction acquisition companies are simply nothing, but only after reading this book did he know how to realize the collection. This book can allow readers to avoid some detours, ** only a few dozen dollars, which is better than being fooled for hundreds of thousands of dollars.
If this book is not helpful to you, you are welcome to comment and exchange, or you can find me**. Knowledge is power, and having a certain understanding of antique collection can help us avoid falling into ** and protect our property.
I hope that more collectors can improve their awareness of antique collection through learning and communication, and let us work together to create a more fair and transparent antique collection market.
Antiques