Chapter 203: High Price Shady
Wen Yiming looked at the middle-aged man who was not astonishingly beautiful, and was very curious. The other party was the most famous collector in the past ten years. He was on the headlines all day long. Even outsiders were well-known and more famous than little stars.
On November 20, 2010, Liu Yiqian spent 308 million yuan to auction Wang Xizhi's cursive script "Ping'an Tie".
In September 2013, Su Fubi Auction House won Su Shi's "Kongfu Tie" for US$8 million and RMB 50.37 million at the Sufubi Auction House in New York.
In December 2013, the ancient painting "Eighteen Yingzhen Picture Scroll" was shot for 169 million yuan.
On April 8, 2014, Mei Yintang collected Ming Chenghua Doucai Chicken Grooster Cups in Sufubi for HK$281.24 million. There are only three remaining chicken cups in private collection.
On November 27, 2014, Jiashide Auction House bid 348 million Hong Kong dollars to buy the 600-year-old Ming Yongle imperial red Yanmodi embroidered Thangka.
In March of the same year, he bought a Buddhist scripture of the Ming Dynasty that had been in history for more than 600 years for RMB 86.9 million. The author was Zheng He, a famous navigator of the Ming Dynasty.
On April 7, 2015, the Southern Song Dynasty official kiln vase was sold at a sky-high price of 113.9 million Hong Kong dollars, which was one of the highest auction prices in history for ceramic ware in the Southern Song Dynasty.
Not to mention the distance, on April 5 this year, he successfully bid for a masterpiece of Zhang Daqian's later years for HK$240 million and a commission of HK$270 million. It is the second sky-high work except Aihen Lake."
Some people have calculated that Liu Yiqian has invested more than 8 billion in antiques in just ten years! He is the top VIP in auction houses wherever he goes, and is a hot super buyer.
"Old Ling, Mr. Wu, long time no see!"
Liu Yiqian greeted the two old men first, then looked at Ling Tiancheng and smiled: "I heard that Brother Tiancheng is going to march into the capital? OK, I have ambitions, Liu admires it!"
Ling Tiancheng waved his hand and said politely: "Don't you want the support of a rich man like you? I'll take action to win this set of top-notch products this time?"
"Look, let's talk about it, no hurry!" Liu Yiqian laughed and said, "If you want to say that classical porcelain is the hard currency in the international collection circle, as for classical calligraphy and painting, we only appreciate it ourselves. Foreigners have oil painting art, and master's fine works are sold for hundreds of millions of dollars, which is much more expensive than ours."
"You are right. In fact, people who really play with calligraphy and painting generally have a view that there is no collection value after the Qing Dynasty!"
Manager Wu sincerely sighed: "Only the works of the Qing Dynasty have collection value. For example, the calligraphy and paintings of famous people such as the Four Kings of the Qing Dynasty, the Four Monks, Zheng Banqiao, and Liu Yong are barely considered to be included in the house. The so-called masters in modern times are basically not worth mentioning in the eyes of collectors from Hong Kong, Macao and Taiwan. They say that their level is average, there is no innovation, the price is large, and the domestic market is full of bubbles."
Ling Tiancheng shook his head and said helplessly: "This is also the main reason why most Hong Kong, Macao and Taiwan collectors do not come to mainland auction houses to hold signs. They would rather go to Jiashide and Sufubi. Although we are also working hard to build confidence for each other and hope to come to mainland China to participate in the auction one day!"
Liu Yiqian smiled without saying a word, everyone exchanged a few greetings, turned around and left, Ling Tiancheng looked at the other party's back and whispered: "This guy is from a stock market, and a grassroots can work hard to achieve a billionaire. You can imagine his unique vision."
"Take out of the stock market ten years ago, and became a super big buyer of antique shops. He invested more than one billion yuan a year. He just established a private museum and had a good relationship with the Shanghai government. He became a new landmark of Pudong culture!"
"In modern times, only Zhang Daqian and Qi Baishi can get a price. Most of Zhang Daqian in China are in the hands of Wang Jiansen, the richest man in Wanda, at least two or three hundred. In recent years, the skyrocketing artworks have made him make several times the profits without doing anything. Every year, auction records of over 100 million yuan appear. From the beginning of 100 million to the present 300 million yuan Aihenhu, Daqian has become the most profitable Chinese painting master in China!"
"I doubt whether there is a shadow behind Wang Jiansen's fueling? There are also Jiade and Baoli, the two leading players who are also the main driving force for sky-high prices. Once an artist's works exceed 100 million, the new round of big rise will officially begin. Not only are masterpieces, but also ordinary works at least have to make more than twice as much. This is the rules of the market game."
"Not to mention Liu Yiqian, I know that there are two art investment funds in my hands. His model is more complex and hidden, using the funds raised to sell sky-high art works everywhere. It not only can promote the inventory prices that have been hoarded by the hands, but also create a personal reputation and kill two birds with one stone."
"Then use art to mortgage loans to the bank or issue art investment funds. Five hundred million can raise more than one billion or even more funds with just one operation. The cycle continues, the snowball grows bigger and bigger, the more funds you have in your hands, and the bigger projects you can operate."
Ling Tiancheng sighed. He knew all these words well, but what could he say? Am I not one of them? Of course, it is easy to say, but you still need to have deep connections and ways to do it. This is not a game that ordinary tycoons can play, and only giants of Wang Jiansen and Liu Yiqian can participate in it. The chain of art hype is very long, and I wonder how many people are involved?
"It has been the fifth collection hot in China since ten years ago. TV and newspapers reported the story of getting rich overnight every day, making people across the country seem to be trying to find a bargain! It has led to many hot money seeing the opportunity, buying low and selling high in the market, speculating and hoarding, and some small auction houses without principled bottom line helping the evil, and the whole atmosphere is in chaos!"
Speaking of this, Manager Wu snorted coldly and said heartbrokenly: "Especially modern and contemporary art works, there are large amounts of existence, and the author's name is relatively mass-based, and instantly becomes a severely affected area for capital speculation. For example, modern high-yield calligraphers and painters such as Qi Baishi, Zhang Daqian, and Xu Beihong, the price was hyped from more than 100,000 in 2009 to tens of millions, which is comparable to the fine calligraphy and paintings of Qingming. It is too abnormal!"
"Collection of antiques depends on the amount of existence. Why is it expensive in the Song and Yuan dynasties? A porcelain, a calligraphy and painting, can be passed down through thousands of years to this day, which is a miracle in itself, and naturally it is expensive!"
"Especially, the calligraphy and paintings of the Song and Yuan dynasties are rare in the world, and many of them are lonely works. Once the original works appear, they will be national treasures, so there are naturally some people who are following the treasures, and everyone can understand them when they are sold at a sky-high price."
"And all those who are truly capable of collecting calligraphy and paintings in the Song and Yuan dynasties are top collectors. They only enter and do not leave. They are treated as lifelong collections or family heirlooms. If you miss the opportunity, you may never see them again in this life. They will inevitably be sought after and the price competition is fierce."
"Although Rong Baozhai is engaged in modern calligraphy and painting business, Qi Baishi and Zhang Daqian are also regular guests of the 100 million yuan club, and their works have set new records every time, to be fair, I think their artistic attainments cannot be comparable to the ancient Four Kings and Four Monks, Bada Shanren, etc., let alone famous scholars of the Song and Yuan dynasties."
"Their real fine works can be recognized by the market, but they are not many. However, those ordinary social works or practice works are very humid. It is estimated that Qi Baishi has more than 30,000 works in existence, and Zhang Daqian is also quite a lot. After all, he is a professional painter who makes a living by selling paintings. Naturally, there are few fine works and more ordinary ones. This is also the reason why hot money is interested in them as the target of hype."
Ling Tiancheng looked around and whispered: "The huge amount of black hot money and domestic and foreign black money laundering are the initiators of the sky-high-priced art bubble in China. The actual transaction price of art is as part of the money laundering fee, which is generally within 3%. In order to control the cost of money laundering fee, the price of art must be increased by 30 to 100 times for transactions. The higher the price, the lower the cost of money laundering fee."
"In recent years, the country cracked down on money laundering has led to a large-scale shrinkage of the auction market. Many sky-high artworks that have been sold in auction houses are not afraid to be delivered in the final form. For example, Qi Baishi's 420 million "Pine and Cypress High Statue" ended in failure due to the unclean family background of his trading party."
"The "Mindian" by Huang Tingjian, which was considered to be a forged by a fake group by more than 90% of the island countries, has been transferred to the hands of merchants from Baodao several times and is suspected to be faked in an international auction house. As a result, it was estimated that Jiade's price was 80 million yuan. After being auctioned, it was sold by Wang Yaohui at a sky-high price of 430 million yuan."
"Then before the work was paid and delivered, he immediately mortgaged it to the trust company under his name, obtained 450 million yuan in trust funds from the cooperative bank and transferred it to real estate, and completed a beautiful financing plan in one day."
"Another Qianlong porcelain vase was sold at an unknown small auction house in the countryside of London for a sky-high price of 51.6 million pounds, 550 million! It set the highest record for Asian art auctions and set a new history of the most expensive artwork in China. This legendary story was exaggerated by the bbc media as porcelain patriotism."
"But later, the buyer had no delivery for more than two years, which was also one of the sky-high scams directed and acted by Wang Yaohui, creating sky-high prices to defraud financing. Wang Yaohui used the art financing industry chain constructed by Yayingtang and trust, and used sky-high artworks without real transactions to issue art trust fund products, successfully defrauding more than 2 billion yuan of financing at least."
Ling Tiancheng said this, and he looked at Liu Yiqian who was chatting and laughing in the distance, and said disdainfully: "Hmph, Liu Yiqian is not a good person. He sold Qi Baishi's "Pineapple and Cypress High Stand" for a sky-high price of 400 million yuan, and the "Ping An Tie" sold for 308 million yuan. It has not been paid for delivery yet."
"In fact, I have invested in the Longcheng Auction and Daoming Auction for a long time. I have built an art museum with my wife, organized exhibitions as a whole, and treated the museum as a business. There are also many local tyrants behind me, all of whom are hot money from the south, and their background is very complicated."
Chapter completed!