Hundreds of millions of yuan "competing" for 400 pieces of calligraphy and painting to be auctioned this weekend (reporter Huang Yangyang) The largest scale auction of famous artists' calligraphy and paintings in Nanjing this year will be held at 1 PM on Sunday afternoon at the new library of Nanjing Library. It is reported that 400 authentic works have attracted hundreds of millions of yuan in funds to participate in the competition. Among them, a representative work by Song Wenzhi titled "Spring Colors of Jiangnan", is expected to break 1.2 million yuan in transaction price.
Billions of yuan competing for genuine artworks at year-end auctions
It is introduced that the biggest highlight of this auction is that more than 400 genuine works from renowned artists across the country will be put up for auction. "In a regular auction, it is considered good if 70% of the participating calligraphy and paintings are authentic, but in this auction, over 95% of the works are authentic, which is quite rare." A general manager of the investment department of a large company in Nanjing plans to spend 30 million yuan to participate in the auction. According to Tianhe Auction Company, more than 230 citizens have registered to attend the largest scale genuine calligraphy and painting auction at the end of the year. Due to the authenticity, investors have shown great interest, conservatively estimating that between 1 billion to 1.5 billion yuan in funds will participate in the competition. "Manager Su of Tianhe Auction Company introduced."
I learned that there are many highlights among the calligraphy and painting works participating in the auction, with an estimated total value exceeding 20 million yuan. There are multiple representative works by Yaming, Fu Xiaoshi, Chen Dayu, Wei Zixi, Lin Sanzhi, and others. For example, a painting by Lin Sanzhi has a starting bid of 600,000 yuan and is expected to sell for between 800,000 to 900,000 yuan. A less common landscape painting by Lin Sanzhi is expected to sell for 600,000 yuan. Industry insiders stated that due to the influx of a large number of serious buyers, there is expected to be intense competition. The starting bid for Song Wenzhi's "Spring Colors of Jiangnan" is as high as 800,000 yuan, with an expected transaction price breaking 1.2 million yuan.
Fearing counterfeit goods, some people hire private appraisers for 5,000 yuan per day
Yesterday, at the preview exhibition site at Nanjing Library, I noticed an elder holding a magnifying glass carefully examining the calligraphy and paintings, not missing any details. Behind him was a middle-aged man carrying a black leather bag, occasionally conversing with the elder. Upon interviewing, I found out that the middle-aged man surnamed Du is the financial director of a Nanjing enterprise who has a personal interest in calligraphy and painting collections. Because he feels that the prices of some famous artists' works may rise in the next few years, he plans to take advantage of the current market adjustment to find some bargains. "Last year and this year, I attended 10 auctions, spending over 3 million yuan to buy 19 paintings. But after later expert appraisals, it was discovered that 6 paintings with a total value of 600,000 to 700,000 yuan were fake. To prevent a repeat tragedy, I specially hired a private appraiser at 5,000 yuan per day to help me make investment distinctions." "Now I trust no one, only the expertise of privately hired experts. After appraisal, the several calligraphy and paintings by Lin Sanzhi and Chen Dayu that I am interested in are basically all authentic, so I can now act with peace of mind. The remaining issue is just trying to get the best possible price," the person added. He further mentioned that the calligraphy and painting market is very deep, and the greatest risk is not buying at too high a price, but rather the worry of purchasing counterfeit goods.
Industry insiders expressed that one can obtain some information about distinguishing between genuine and fake works from the starting bid prices. If the market price of a certain "famous name" artwork is 50,000 yuan, but the auction price is marked at 20,000-30,000 yuan, then one must be careful, because the person selling the artwork may know more about its true condition.
The investment prospect of low-cost authentic works might be greater
Industry insiders stated that the prices of middle-aged and young painters have fallen due to market fluctuations and are currently at their lowest point. Therefore, if considering a 5-10 year investment horizon, the money-making potential of investing in low-cost authentic works by famous artists might be greater. It is understood that Xu Peichen's calligraphy and paintings, which were once very cheap, such as a piece priced at 2,000 yuan two years ago, are now being sold for 10,000 yuan. "From this perspective, the works of Cao Jianlou, Lin Xiaozhi, Li Hai Lu, Xiao Longshi deserve attention."
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