Is the oil painting market in China still soaring?

Autumn auction in 2006, although some auction companies made a breakthrough in the total turnover of contemporary oil paintings in China, a huge oil painting "Three Gorges Immigrants" created by young oil painter Liu Xiaodong with a transaction price of 22 million yuan, which has created the highest record in the contemporary art world in China so far, but the average transaction rate is mostly 60%-70%, showing a downward trend as a whole. According to the author's prediction, the auction of contemporary oil paintings in China in 2007 will continue to maintain this situation, and the overall situation will not change much, but the market will be more mature and adjusted than in 2006.

The works of the older generation of painters who are active in contemporary oil painting are stable in price.

Wu Guanzhong, Jin Shangyi, Zhan Jianjun, Zhao Wuji, Zhu Dequn and other older painters have been the backbone of the domestic oil painting market for many years. Due to age and other reasons, the number of works they have created in recent years is relatively small, and there are not many shots. Once their fine products appear in the market, they become the objects sought after by investors and clinch a deal at a higher price. The author thinks that these old oil painters have high artistic level and great fame. Although their prices are relatively high, for example, the fine paintings of Wu Guanzhong and Jin Shangyi are close to 6,543,800 yuan per square foot, the risk of investing in their works is relatively small, and their future market prices will remain firm. As a medium and long-term investment, there will be a high return. In addition, the prices of famous old oil painters in some places should rise steadily. Although the number of their works in the auction market is small, as small and medium-sized investors, we should focus on them, because they have the strength to hit high prices in the market, but they lack market operation.

The "realistic painting school" did not rise but fell, and the "contemporary new realistic painting school" rose.

In recent years, realism is rampant among contemporary oil painters in China, especially among some young and middle-aged oil painters. Most of their works show the customs of poor areas, or beautiful models add architecture and scenery, and some even have been painted by a model for many years. Its characteristics are exquisite pictures, fine characterization and certain artistic appeal, but most of the works do not dig deep into real life in the spiritual level and are rather kitsch. Among them, Chen Yifei, Ai Xuan, Yang Feiyun, Chen Danqing and Wang Yidong are representatives. In June, 2004, Ai Xuan, Yang Feiyun, Wang Yidong and other people 18 founded the "Beijing Realistic Painting School" in Beijing, and organized a large-scale realistic oil painting exhibition, which pushed realistic oil painting to a climax. In the autumn of 2006, the "realistic painting school" was hit hard, and a large number of realistic oil paintings were auctioned, and the representative works were not satisfactory. In 2007, "realistic painting school" will continue to show a downward trend, especially for painters with low level and little fame.

Compared with "realistic painting school", "contemporary new realistic painting school" will have a good market performance in 2007. The representatives are Xu Weixin and Yi Dongwang. Their works pay attention to people's livelihood and reality, with profound connotations and high artistic and social values. They entered the auction market for a short time and there was no market speculation. In addition, the current price is low. The average price of Xu Weixin and Yi Dongwang's paintings is around 50,000-60,000 yuan per square foot, and there is much room for appreciation in the future. As long as there are fine products entering the market, they will definitely be sought after by buyers.

Contemporary art has become the object of international speculation.

In the domestic art market, contemporary art is basically synonymous with avant-garde art or strange art that most people can't understand. In recent years, many foreign auction houses, such as Sotheby's and Christie's in Britain, have been speculating on China's contemporary art. In 2006, China's contemporary art auction was pushed to a new high, with record turnover and turnover rate. Among them, Zhang Xiaogang's Tiananmen Square was sold in Hong Kong for HK$18.04 million. The outbreak of contemporary art in China has greatly stimulated domestic auction houses and investors. In 2007, China's contemporary art will be hyped up at home and abroad. The author predicts that in 2007, the prices of works by popular artists such as Zhang Xiaogang will continue to rise, while the prices of works by younger artists or artists who have just entered the market will not be very prominent.