Contemporary Chinese paintings soar in price in overseas market

时间：2007-12-14 08:05:40

（单词翻译:单击）

Chinanews, Hong Kong, Dec. 13 – Chinese paintings have outperformed diamonds, contemporary Iranian paintings, modern photographers and ancient paper money to have become investors1' favorite collections in overseas market. While collection market sees a general slump2 season due to stock fluctuations3, modern Chinese art has won investors' favor, according to the latest issue of the Forbes magazine. However, industrial insiders warn that as the prices of these art pieces soar, investors are faced with a great risk, the Hong Kong-based Wen Wei Po reported.

 

These contemporary Chinese paintings are usually sold at more than one million US dollars at international auction4 market, with the works by Zhang Xiaogang and Yue Minjun, the 1990s generation of artists, being most successful. Their performance is especially noteworthy, considering the fact that the international collection market has slumped5 currently.

 

This shows that foreign collectors have begun to turn their attention to Chinese artworks. Compared with traditional Chinese paintings, the artworks by contemporary Chinese artists are easier to understand and therefore more acceptable to international investors. The works of Zhang Xiaogang and Yue Minjun are typified by the painters’ mocking political contents and idols6. From aesthetic7 point of view, these works, classified as the school of cynical8 realism, appeal to the taste of foreigners for the way they view Chinese society.

 

Boosted by foreign market, domestic art market has also entered a booming season since 2003. Statistics show that in the 2006 Spring Auction Fair, transaction volume at four Chinese auction companies, namely, the China Guardian9 Auctions10, China Council Auctions, the Poly Auction and Beijing Chengxuan Auction Co., Ltd., reached 1.301 billion yuan, and such transaction volume further hit 1.724 billion yuan in 2007, increasing by 33%.

 

China might see a booming season in art sales at next year's spring auction season. By then, lots of Chinese artworks will be sold at exceptionally high prices at the auction fair. If domestic collectors do not accept their high prices, the fever of art collection will inevitably11 cool down then.

 
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1 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
2 slump 4E8zU     
n.暴跌，意气消沉，（土地）下沉；vi.猛然掉落，坍塌，大幅度下跌
参考例句：
  • She is in a slump in her career.她处在事业的低谷。
  • Economists are forecasting a slump.经济学家们预言将发生经济衰退。
3 fluctuations 5ffd9bfff797526ec241b97cfb872d61     
波动，涨落，起伏( fluctuation的名词复数 )
参考例句：
  • He showed the price fluctuations in a statistical table. 他用统计表显示价格的波动。
  • There were so many unpredictable fluctuations on the Stock Exchange. 股票市场瞬息万变。
4 auction 3uVzy     
n.拍卖；拍卖会；vt.拍卖
参考例句：
  • They've put the contents of their house up for auction.他们把房子里的东西全都拿去拍卖了。
  • They bought a new minibus with the proceeds from the auction.他们用拍卖得来的钱买了一辆新面包车。
5 slumped b010f9799fb8ebd413389b9083180d8d     
大幅度下降，暴跌( slump的过去式和过去分词 )； 沉重或突然地落下[倒下]
参考例句：
  • Sales have slumped this year. 今年销售量锐减。
  • The driver was slumped exhausted over the wheel. 司机伏在方向盘上，疲惫得睡着了。
6 idols 7c4d4984658a95fbb8bbc091e42b97b9     
偶像( idol的名词复数 )； 受崇拜的人或物； 受到热爱和崇拜的人或物； 神像
参考例句：
  • The genii will give evidence against those who have worshipped idols. 魔怪将提供证据来反对那些崇拜偶像的人。 来自英汉非文学 - 文明史
  • Teenagers are very sequacious and they often emulate the behavior of their idols. 青少年非常盲从，经常模仿他们的偶像的行为。
7 aesthetic px8zm     
adj.美学的，审美的，有美感
参考例句：
  • My aesthetic standards are quite different from his.我的审美标准与他的大不相同。
  • The professor advanced a new aesthetic theory.那位教授提出了新的美学理论。
8 cynical Dnbz9     
adj.(对人性或动机)怀疑的，不信世道向善的
参考例句：
  • The enormous difficulty makes him cynical about the feasibility of the idea.由于困难很大，他对这个主意是否可行持怀疑态度。
  • He was cynical that any good could come of democracy.他不相信民主会带来什么好处。
9 guardian 8ekxv     
n.监护人；守卫者，保护者
参考例句：
  • The form must be signed by the child's parents or guardian. 这张表格须由孩子的家长或监护人签字。
  • The press is a guardian of the public weal. 报刊是公共福利的卫护者。
10 auctions 1c44b3008dd1a89803d9b2f2bd58e57a     
n.拍卖，拍卖方式( auction的名词复数 )
参考例句：
  • They picked up most of the furniture at auctions in country towns. 他们大部分的家具都是在乡村镇上的拍卖处买的。 来自辞典例句
  • Our dealers didn't want these cars, so we had to dump them at auctions. 我们的承销商都不要这些车子，因此我们只好贱价拍卖。 来自辞典例句
11 inevitably x7axc     
adv.不可避免地；必然发生地
参考例句：
  • In the way you go on,you are inevitably coming apart.照你们这样下去，毫无疑问是会散伙的。
  • Technological changes will inevitably lead to unemployment.技术变革必然会导致失业。

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