In July 2023, the first spring auction after the epidemic officially came to an end in the eyes of all. The total turnover of Spring Auctions in the Mainland was 976 million yuan, and more than 1,000 pieces were auctioned. All auction houses forged ahead amid opportunities and challenges.

On July 11, 2023, ArtPro Talk specially invited six senior experts of modern and contemporary art from Beijing’s core auction houses to discuss the changes and trends of the Chinese art market in the spring auction of 2023, including China Guardian, Beijing Poly . In-depth discussion. Below, Let us focus on the wonderful views of Li Huanhuan, Vice President of Huayi International. 
 

Q: What is the overall performance of Chinese modern and contemporary art in the 2023 Spring Auction? Please look back at the highlight moments in your mind.

A: This year's art industry has been affected by the overall environment and fluctuated to a certain extent, but I have seen all colleagues have made a lot of effort for the auction , We have an indomitable force. As a member of the industry practitioners, I feel a lot of admiration.

This year, Huayi International has made some changes in the management and adjusted its business strategy. Thirty Lixin, we have returned to Guangdong for this season’s spring auction, and the collection of various sections is relatively stable. The modern and contemporary art session presents more than 80 auction items, and mainly focuses on the three major sections of 20th century modern art, contemporary art, post-70s and ultra-contemporary art. 
 

The highlight moment is the cover work of modern and contemporary art - Jia Aili's "Three Primary Colors in Action". I have joined Huayi International for nearly five years, and Huayi International has had very good clients along the way, whether it is the consignor, collector or buyer, they are firmly supporting us. Although the auction was held in Guangdong, Jia Aili's entrusting party was able to help at this juncture, which in itself is a precious trust. During the auction of Jia Aili's "Three Primary Colors in Action", the buyer made a firm bid from the starting price of 6.5 million yuan to 7.475 million yuan. I am very grateful to these friends for their support. 
 

Q: Every auction house has a special topic for young artists Or for a special session, what is Huayi International’s plan for this section, and what is the market feedback? 
 

A: Hua Yi International Modern and Contemporary Art The department adheres to a forward-looking and diverse vision, and continues to pay attention to new art with potential around the world. Based on the market's hot demand for young artists born in the 70s, we reversed and made a special plan. Although the collection time is limited, we still worked hard to hand over a considerable amount of medium and small works by these artists list.

This season's spring auction we focus on planning the 70s + ultra-contemporary art topic, which brings together the masterpieces of Jia Aili, Huang Yuxing, Chen Ke, Kang Haitao and other post-70s + core artists, as well as six corners The works of ultra-contemporary artists such as Ayako, Friedrich Kunash, and Kitty Narod have a very high turnover rate and considerable bidding records. 
 

Post-90s artist Chen Yingjie "Natural Force" , this work received bids from collectors in Shenzhen, Guangzhou, and Shanghai, and it was sold for 230,000 yuan, setting a new record for the artist's most expensive auction. Kitty Narod's two works "The Two Fridas" and "Middle Class And Capitalism" achieved outstanding results, both of which exceeded the current primary market prices. 
 

We also look forward to more angles in the autumn auction Young artists born in the 70s will present more excellent works for you.

Q: More and more collectors will show off their collections on social media after purchasing. What do you think about this?

A: Relatively speaking, I am a conservative faction, and I rarely used social media such as Xiaohongshu before. Now Xiaohongshu has gradually become one of my main ways of leisure. These new media social platforms bring together the vitality, thoughts and expressions of young collectors. Our team will also actively embrace market changes and explore ways to communicate with everyone. More effective communication channels.

Two days ago, I went to participate in the "Friends of Art" China New Generation Collectors Exhibition hosted by Tank Art Center. What impresses me deeply is that The new generation of collectors and post-90s collectors have a deep understanding of social issues such as the environment and human nature, but the way of expression and thinking is different from Old collectors are different, but also very thoughtful. 
 

Q: Where will the next market growth point of the Beijing modern and contemporary art market be? What new strategies will Huayi International have in the future?

A: Each platform has different answers. For us, we must do the following three points.

First, as a comprehensive auction company, Huayi International strives to make new breakthroughs in all sectors. The current market situation and various data can be seen. The modern and contemporary art section has a very prominent growth advantage in the current market and in the future. We will devote more advantageous resources to help the long-term development of this section. 
 

Second, based on the auction company as the secondary market For important platforms, we will try our best to promote or solicit extensively and deeply, and at the same time, pay more attention to vertical cases and study multiple aspects of Chinese contemporary art, which is both a challenge and an opportunity. 
 

Third, Hua Yi International (Hong Kong) in recent years The private auction data of modern and contemporary art is very good, and to a certain extent may exceed the turnover of a single auction topic. I hope there will be more comprehensive growth in the future.

For more updates on the global art market in 2023, please continue to pay attention to ArtPro.