A spring in Sotheby’s HK auction
The record-high spring auction prices represents:
First, Hongkong’s status as the world’s third-largest auction hub after New York and London.
Second, the tremendous upsurge in East Asians’ purchasing power.
In 2009, China with 477,000 US dollar millionaires with the fastest-growing number of high-net worth individuals while in Hongkong and India, the number of US dollar millionaires soared by 104% and 51% respectively, the World Wealth Report says.
Third, at best, a determined diversification strategy and, at worst, investor distrust of conventional investments.
One indicator of nervousness is turbo-charged demand for gold. Buying of physical gold bars jumped by 66% last year, despite a 27% rise in price. Equally notable, India and China accounted for more than half of global demand for gold.
Since holding gold bars yields no income, its continuing demand reinforces the metal’s status as the ultimate security blanket.
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Traditionally, Chinese ceramics have commanded higher prices than paintings.
Paintings may continue to supersede Chinese ceramics. Collectors could find it easier to relate to paintings, particular contemporary art with universal themes, while fine Chinese ceramics made exclusively for the Forbidden City are super-elitist and a tribute to the splendour of China’s imperial lifestyle.
http://www.sun2surf.com/article.cfm?id=60017
最终极资产: http://howtze.blogspot.com/2010/02/blog-post_07.html
First, Hongkong’s status as the world’s third-largest auction hub after New York and London.
Second, the tremendous upsurge in East Asians’ purchasing power.
In 2009, China with 477,000 US dollar millionaires with the fastest-growing number of high-net worth individuals while in Hongkong and India, the number of US dollar millionaires soared by 104% and 51% respectively, the World Wealth Report says.
Third, at best, a determined diversification strategy and, at worst, investor distrust of conventional investments.
One indicator of nervousness is turbo-charged demand for gold. Buying of physical gold bars jumped by 66% last year, despite a 27% rise in price. Equally notable, India and China accounted for more than half of global demand for gold.
Since holding gold bars yields no income, its continuing demand reinforces the metal’s status as the ultimate security blanket.
-------------------------
Traditionally, Chinese ceramics have commanded higher prices than paintings.
Paintings may continue to supersede Chinese ceramics. Collectors could find it easier to relate to paintings, particular contemporary art with universal themes, while fine Chinese ceramics made exclusively for the Forbidden City are super-elitist and a tribute to the splendour of China’s imperial lifestyle.
http://www.sun2surf.com/article.cfm?id=60017
最终极资产: http://howtze.blogspot.com/2010/02/blog-post_07.html
