A Modern History of China's Art Market

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This is the first English-language account of the modern history of China’s art market that explains the radical transformations from the end of the Cultural Revolution, when a market for art and artifacts did not exist, to today. The book is divided into three sections: Part I examines how the art market in China was suspended during the Cultural Revolution, restarted, grew, and expanded into its current scale. Part II analyzes the distinctive value system of the Chinese art market where the state-run art system including academies, artist associations and museums co-exist with an independent market-oriented system; and traverses the most significant policies that drive decision-making and market structure. Part III explores the driving force of art creation by telling the stories of five contemporary artists across three generations. Arts and culture professionals, scholars, and students interested in Chinese art, global art markets, Chinese government policy, and China will find this to be a valuable resource.

Author(s): Kejia Wu
Publisher: Routledge
Year: 2023

Language: English
Pages: 279
City: London

Cover
Endorsement
Half Title
Title Page
Copyright Page
Dedication
Table of Contents
Preface and Acknowledgements
Acronyms and Names
Part I China’s Art Market: A Modern History
1 The Origin of China’s Art Market
The Untold, Poignant Truths
Tianjin, 1984, a National Political Order On Post-Cultural Revolution Restitution
Collectors and Lawsuits
Shanghai, 1983, a Letter From the Local Cultural Bureau
Beijing, 1966, a House-Ransack By the Red Guards
Beijing, 2012, a Lawsuit Against the Beijing Cultural Heritage Bureau
Beijing, 2012, Zhou Yiji’s Restitution Request Against China Guardian Auction House
The State-Owned Antiquities Shops
Duo Yun Xuan, From a State-Owned Antiquities Shop to the First Auction House in China
Notes
2 Auction Houses, Galleries, Art Fairs and Private Museums
1993–2003 The Early Stage of Development
The Chinese Antiquities Market
The Chinese Contemporary Art Market
2004–2011 Explosive Growth
The Growth of the Chinese Contemporary Art Market
Western Galleries Come to China
2012 to Today: The Auction Market Correction and Maturity. The Rise of Art Fairs, Private Museums, and a New Focus On …
The Rise of the “Ultimate Collectors”
Foreign Auctioneers in China
The Rise of Art Fairs and Private Museums and a New Focus On Western Art
A Fast-Learning Market Nurtured By Western Galleries
Notes
3 Expectations for the Market
An Increasing Number of Younger-Generation HNWIs Will Begin to Collect Art. The Acquisition of Western Art Will Continue …
More International Galleries Will Enter China’s Market. Local Galleries Will Have a Tougher Time Surviving the Increased …
Domestic Auctioneers Will Experience a Transformation With Diversified Practices and Increased International Expansion.
A Number of Private Museums Will Not Be Able to Break Even and Will Have to Close. Their Collections Might Be Sold in the …
Stronger Collaboration Among Art, Design, Fashion, and Technology Industries Will Take Place. Experienced-Based Art …
The Future for the NFT (non-Fungible Token) Art Market in China Will Be Shaped By the National Digital Culture Strategy
Notes
Part II The State and Its Art System
4 The Paradox of Two Parallel Art Systems
Prelude: October 13, 2021. Hong Kong and Beijing. The Juxtaposition of Two Events
The Two Parallel Art Systems
Déjà Vu, the 19th-Century French Art Market?
A Complex Situation and a Sophisticated Watchdog
A Nuanced Creative Approach By Independent Artists
Notes
5 The Role of Arts and Culture in Today’s China
The Strategic Plan, a Decade in the Making
Three Strategic Meetings
2014 Forum On Art and Literature
The Social Benefits of Artworks Are More Important Than the Market Benefits
Arts and Literature Must Serve the People
Party Leadership and Patriotism
Training and Promotion of a Leadership Team With Political Loyalty
The System of Art Criticism
Two Speeches Following the 10th Congress of CFLAC in 2016 and the 11th Congress of CFLAC in 2021
Celebrating the 80th Anniversary of Mao’s Speech at The Yan’an Forum On Literature and Art and a New Initiative to Separate …
The Project to Explore the Source of Chinese Civilization
Notes
6 The Infrastructure of the State Art System and the Party’s Strategic Plan
Yuan Yunsheng’s Retrospective
Two Parallel Governing Bodies and the Art Academies
Infrastructure
The Ministry of Culture and Tourism
The State Museums Under the Ministry of Culture and Tourism
The China Artists Association
The Art Academies
The Actions
China National Arts Fund
Regulations for the Administration of Business Operations of Artworks
The Merger Between the Ministry of Culture and the Ministry of Tourism and the 14th Five-Year Plan for the Development …
Yuan Yunsheng’s Retrospective—Epilogue
Notes
Part III Independent Artists Finding Creative Space
7 Beijing, CAFA and Societal Energy
Prelude
Artworks Born Out of the Pandemic
CAFA, Two Generations of Artists
Beijing, 1980s
1988, The High School Affiliated With CAFA
Notes
8 Shanghai, Buddhist Practice and the Post-Apocalyptic Digital World
March 2022, Los Angeles County Museum of Art
April 2022, Venice Biennial
The 1990s, Sichuan Fine Arts Institute
The 2010s, China Academy of Art
Notes
9 Hong Kong, Plants and Ten Thousand Things
Venice Biennial, 2022
Berlin, 2021
Madrid, 1996
Hong Kong, 2003–2006; Lantau Island, 2013 and Onward
Notes
INDEX