Art Market Monitor

Global Coverage ~ Unique Analysis

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

Chinese Property Developer Looks Toward Art As Next Financial Opportunity

June 27, 2016 by Marion Maneker

China’s Dai Zhikang is getting out of the real estate markets that made him one of the country’s leading property developers. After 20 years of appreciation, Dai believes the real estate market in China has topped out.

What’s he see as the next area of opportunity? The South China Morning Post says it’s art:

“People are getting rich in terms of their financial strength,” he said.  “And in turn, they have shifted their attention to precious pieces of art, and other areas of spiritual appreciation, which has also ushered in huge market potential.”

Zendai has already launched investment funds focusing on art and financial products, and Dai says the country’s art world has a rosy future which in turn offers he and his business valuable prospects.

“Just a single painting can attract a price tag of several hundred millions of yuan,” he said.

“The size of the art market could soon catch up with the property sector.”

Zendai owner turns his back on property, and looks instead to art (South China Morning Post)

More from Art Market Monitor

  • How Sotheby’s Realty Provides Revenue and Brand Visibility to the Auction House How Sotheby’s Realty Provides Revenue and Brand Visibility to the Auction House 
  • Sales Report: Frieze London and Frieze Masters October 2020Sales Report: Frieze London and Frieze Masters October 2020
  • Snow BallSnow Ball
  • Poussin Without the PremiumPoussin Without the Premium
  • Whose Contemporary Art Is It?Whose Contemporary Art Is It?
  • David Rockefeller Jr  Will Miss His Father’s MatisseDavid Rockefeller Jr  Will Miss His Father’s Matisse

Filed Under: General

About Marion Maneker

LiveArt

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

  • 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