Research On Risk Of Art Auction Market Of China

Works of art investment is in addition to stock market investment, investment in real estate outside the recognized world's third-largest investment market. At the same time as a special works of art of goods, compared to stocks, real estate, not only has investment value, there are a great artistic value. Works of art investment is the main way to the gallery and the auction market, in which the vast majority of transactions are conducted through the auction market. As China's rapid economic development, the continuous improvement of people's living standards, the Chinese art market investment has been rapid grow. In particular the art auction market, which is attracting the world's attention by setting records in transaction value consistently in recent years. 2007 Chinese art auction market in the global total turnover of 23.69 billion yuan, up 41 per cent growth in 2006, while China has more than France, became the world's third largest art market after the United States and Britain market. November 2007, in 2007 autumn auction of China Guardian Auctions, David Chou Ying Ming-class treasures, "Chibi" to auction 40 million yuan, the final turnover to 79.52 million yuan, set a new world record of the transaction price of cover painting, Chinese calligraphy and painting, etc. But, Chinese art auction market is still in the initial stage, there are still many aspects of the failure. Mainly concentrate in the lack of improvement of related laws and regulations, supervision and self-discipline. So as to there is a great risk for investors in this market. This article conducted a preliminary analysis and research for all kinds of risks in Chinese art auction market, and the corresponding risk control measures. To provide a theoretical support and guidance of the further development of Chinese art auction market.For the current study of China's auction market is very limited, on the auction market risk analysis of the article is extremely rare. This paper conducted a preliminary analysis and research on China's art auction market for all kinds of risks; conduct a comprehensive review on the Chinese art auction market from a new perspective. This paper carried out targeted research on all kinds of risks of China's art auction market based on the full understanding of domestic and foreign investment on the auction market theory and practice of risk analysis. And Come to the conclusion: China's art auction market risks mainly due to inadequate laws and regulations, market regulation, industry self-regulation, and other imperfections, this is also the current limitations and constraints of China's art auction market further development of the bottleneck. This paper also provides corresponding risk-control measures, and accordingly the constructive suggestions viewed from investors and market macro-management.Chapter one, with a presentation of the research background and the significance of this article and an overview to artwork market both at home and abroad.Chapter two analyzes the present risks of Chinese art auction market. So as to conduct a comprehensive review on the Chinese art auction market from a new perspective.Chapter Three puts forward corresponding risk-control measures, and accordingly the constructive suggestions viewed from investor and government.Chapter four provides a general comment of this article and shows the great confidence in the future of Chinese art auction market.