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Xia Junna 180*180cm 1997
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Xia Junna is one of the newly emerging artists. When she graduated
from the Central Academy of Fine Arts of China in 1996, her
works "Girl on the Ice" was purchased by Chunxia Hanmo
Gallery in Beijing in RMB 10,000 yuan. In 1997, the work was
sold RMB 30,000 yuan when auctioned at Guard Auction activity.
In 1998, the work was bought by one clerk in a bank with RMB
50,0000 yuan. In 1999 the work was resold again; Xia Junna's
works at her sole exhi bitions were sold out. Someone even liked
to offer RMB 120,000 yuan to buy "Girl on the Ice"
but the collector was reluctant to sell. Within five years Xia's
works' price was increased tenfold. Xia is only 30 years old
that her case is a good example to elucidate how to invest in
the young Chinese artists.
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Zhong Biao180*180cm 1999
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Art market is like a growth enterprise market such as NASDAQ
which is a high venture and high return investment market.
Just because its high venture does the market become very
challenging and promising. Firstly, the newly emerging enterprises
listed in Nasdaq have showed some "avant-guard"
elements so that they can have more and fast growing potentiality
in short time; secondly, these enterprises are lack of capital
for further development, so they need investment from outside.
Because they are new enterprises, investment and entry threshold
are quite low. In addition, venture investors are frequently
involved in daily management and administration, both of them,
investors and enterpreners, bring enterprises into success.
Finally, venture investors can retreat from the enterprises
by listing them in stock market, or continue owning their
shares or involving in management.
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| Yin Zhaoyang 150*180cm 1995-1999 |
But in art market who is the "potential enterprise"?
It is undoutedly certain that young artists' works are such
potential gold mines. Generally speaking, the young artists
being selected for investment are between 25 and 35 years
old.
From 25 year-old is the time for the young artists to start
independent creation and forming their peculiar style when
they graduate from the colleges. After several years of learning
in arts schools, young artists turn out to pursue their own
road of artistic expression. It is quite common that the graduates,
if they go on painting or creating, enter the golden period
of artistic creation with two or three years. In this duration
they start to explore and form their synchronous by keeping
away from the influence exerted by the schools.
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Through the history of art we can find the fact that the
young artists showed their talents as future masters at such
age: Michelangelo, Raffaello, etc completed their masterpieces
at twenties; in China, Luo Zhongli created "Father"
at school and Chen Yifei painted "Taking hold of President
Chamber" at 26. So it is believed that artists become
matured in concepts and styles before 35 and if they cannot
show more success in artistic achievements, they would not
do more than anything. In fact, many important works are completed
during such ages. Therefore during the period of 25 to 35
the young artists are active in thinking and energetic in
creating works, it is also most possible to produce the masterpieces.
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Zhang Hui 65*80cm 1998
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However, it is during this period that young artists live
a hardship life without reputation, income, and household,
even live at the brink of poverty. Some of them, if their
family is well off, can get some support from their relatives;
but those from the poor background may experience more hardship,
or even stop their artistic career. Some try to look for odd
jobs for living but could not put themselves into artistic
production. Against such phenomina, there appear art investment
to support and sponsor artistic pursuit.
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Xia Junna 160*130cm 1997
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Investment in young artists does not need huge capital as
compared to those well-established who will cost much. Since
young artists are not so well-known that their works could
not be cashed quickly in market. So it needs a long term of
process to have returns. More often investors have at least
one year cooperation with artists, or three to five years.
In such way, investors and artists are in a same boat to bear
up to that promise land.
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