Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Chinese Buyers Educating Themselves, Using Provenance

October 10, 2013 by Marion Maneker

The South China Morning Post’s Anna Healy Fenton followed up on the Hong Kong sales to get this observation on the importance of provenance to Chinese collectors who often lack documentation or historical details:

”I’ve never seen so many mainland Chinese clients in Hong Kong,” said Dessa Goddard, director of Asian Art for Bonhams North America. “Hong Kong was an extremely lively market.” […] She notices the Chinese buyers have learnt their lessons and are getting much more selective. “Not everything sells now, even the new people see it as a learning opportunity,” she says.

[…] “The new wave of mainland art collectors is very interested in provenance, for them art works must be in the best condition and being fresh to market is important. That’s because a lot of things are coming back on the market for a second and third time. This too builds provenance. […],” observes Goddard.

Art Auctions—Chinese Collectors Buying Their Past (South China Morning Post)

More from Art Market Monitor

  • Murakami’s Miss Ko2 Tests Market at Sotheby’s HKMurakami’s Miss Ko2 Tests Market at Sotheby’s HK
  • Everybody’s Fighting Over WarholsEverybody’s Fighting Over Warhols
  • China 23; UK 22China 23; UK 22
  • With Phillips Up Substantially in 2015, Auction Market Was Closer to Flat Than DownWith Phillips Up Substantially in 2015, Auction Market Was Closer to Flat Than Down
  • The Press Loves a Good Instagram StoryThe Press Loves a Good Instagram Story
  • Sotheby's Announces Sales in Doha, March 2009Sotheby's Announces Sales in Doha, March 2009

Filed Under: Emerging Markets

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • $10 M. Picasso Portrait Unseen for Decades to Sell at Bonhams
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Tony Podesta's Secret Art Buying
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • The Billion-Dollar NYC Apartment of Ben Heller
  • About Us/ Contact
  • Sotheby's Pulls in a $9m David Hockney for November
  • Mapping a Career in the Art World
  • David Bowie Talks About Art (with Julian Schnabel)
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor