Liu Yiqian: In Next Five Years, "More And More New Collectors" Will Enter Chinese Auction Market
This week, the Shanghai-based billionaire financier and Chinese art "super-collector," Liu Yiqian shared his predictions for the country's art and auction markets with Beijing Business Daily.
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Contents
- Liu And Wife, Wang Wei, To Open Dragon Art Museum Next Year
- Prediction 1: Fine Works of Chinese Contemporary Art Will Set New Benchmarks in Auction Market
- Beijing Business Today (BBT): This spring a buyer paid 425 million yuan for a piece by the Chinese painter Qi Baishi that you previously owned, setting a new auction record. Many people are confident in the Chinese art market, but others think there are potential bubbles and risks. What do you make of this?
- Liu Yiqian (LYQ)
- BBT: In recent years, the prices for modern art at auction have been impressive. In the next five years, what areas do you think we'll see prices rising?
- LYQ
- Prediction 2: Sooner or Later, Auction Houses Will Pay For Selling Fakes
- Beijing Business Today (BBT): What do you predict in terms of China's collectors in the next few years?
- LYQ
- BBT: With the continuous growth of the auction market, what kind of role do you think auction houses should play?
- LYQ
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