ArtPro
Language
HomeNews2023 Spring Auction Summary | Case Study of Huang Yuxing How the Market Pushes Him to Become TOP3 Global Young Artists

2023 Spring Auction Summary | Case Study of Huang Yuxing How the Market Pushes Him to Become TOP3 Global Young Artists

28 Jul 2023, 12:40

Huang Yuxing, born in Beijing in 1975, graduated from the Mural Painting Department of the Central Academy of Fine Arts in 2000. As one of the most concerned artists born in the 1970s, Huang Yuxing is favored by the international contemporary art circle for his iconic colorful and unique painting creations. In the spring auction of 2023, Huang Yuxing ranked 62nd in the "2023 Global Annual Artist List" with a total turnover of 66.15 million yuan, and ranked TOP3 in the "2023 Global Young Artist List".The total turnover accounted for 2022. 70%.

Description:
2023 Global Artist List: Ranked according to the total auction turnover of global artists this year. 
2023 Global Young Artists Ranking: Global Artists Born in 1970 and After, According to Artists The ranking is based on the total amount of auction turnover this year.

1975 -

Four recent characteristics of Huang Yuxing’s market:

1. More than 85% of Huang Yuxing’s sold works are oil paintings, and nearly half of the oil paintings are sold at prices higher than the high estimate. The remaining 15% are paper works, sculptures and other types of works.

2. The number of works in the dark period is small and some of them are underestimated by the market. The works in the abstract period have an absolute advantage in terms of quantity and price. Huang Yuxing's personal TOP10 works in the past two years are all works in the abstract period.

3. Huang Yuxing has a relatively extensive and professional collector group. The number of transactions and total transaction volume in the Beijing auction market are far ahead of other cities. The potential of mainland collectors cannot be underestimated.

4. Various auction houses are actively bidding for Huang Yuxing's works. China Guardian, Hong Kong Christie's and Yongle Auction have stronger sales capabilities. The market share of these three auction houses accounts for half of Huang Yuxing's total market. 
 

2022- 2023 Spring Auction Huang Yuxing's personal transaction TOP10 lot


1. 2022-2023 Overall situation of market transactions
 

2022-2023 Spring Auctions, Huang Yuxing supplied a total of 73 lots with a turnover rate of 90% and a total turnover of 170 million Yuan Renminbi.

The following is Huang Yuxing's market observations in four dimensions: auction turnover, ranking, work distribution, and the most expensive works of the year in the past two years.

1) Market transactions

  • In the whole year of 2022, Huang Yuxing auctioned 50 lots, with a turnover rate of 88%, and a total turnover of 93.92 million yuan< /li>
  • In the spring auction of 2023, Huang Yuxing auctioned 23 items, with a turnover rate of 96%, and a total turnover of 66.15 million yuan

2) ranking

In 2022, Huang Yuxing will be ranked TOP135 in the "Global Artists List" and TOP11 in the "Global Young Artists List".

In the spring auction of 2023, Huang Yuxing ranked TOP62 in the "Global Artists List" and TOP3 in the "Global Young Artists List". 
Description:
Global Artist List: Rank according to the total auction turnover of global artists this year. 
Global young artists list: global artists born in 1970 and later, according to the artist The ranking is based on the total amount of auction turnover this year.

3) Price Distribution of Sold Works

  • There are 3 pieces of tens of millions of auctions: "Nine Dragons" 20.7 million yuan, "Paradise" 16.1 million yuan, and "Wanjiang" 12.285 million yuan.
  • There are 40 million-level auctions, of which 3 are above 5 million yuan, 8 are between 3 million and 5 million yuan, and 29 are between 1 million and 3 million yuan.
  • There are 22 lots ranging from less than 1 million yuan to more than 100,000 yuan.

4) The Most Expensive Work of the Year

2023 Spring Auction's Most Expensive Work

「1775」
Huang Yuxing
Kowloon Map, 2020
oil painting Canvas | 200 x 400 cm
Estimate CNY 5,500,000 - 8,500,000
Estimate USD 767,838 - 1,186,659
Price CNY 20,700,000
Price USD 2,889,864
13 Jun 2023 China Guardian Beijing
Artist Auction Records TOP 2
13 Jun 2023 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 Jun 2023 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 Jun 2023 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 Jun 2023 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 Jun 2023 China Guardian Beijing Become the second highest price of artist

2022 Most Expensive Work< /strong>

------work------ id: '60346317' href: xdart://lot/lotinfo?id=60346317 show: 艺术品图片,艺术家名称,艺术品名称,材质,用料,创作时间,尺幅,预估价,成交价,拍卖会地点,拍行名称,拍卖时间,展览 images: https://img.artproglobal.com/c/57608fa1bd9caa087ed1a022c6816574?width=4724&height=3181&hTag=d7a495871ba01409369e6c2231ad49f0 _raw: [{"id":"60346317","name":"乐园","images":["https://img.artproglobal.com/c/57608fa1bd9caa087ed1a022c6816574?width=4724&height=3181&hTag=d7a495871ba01409369e6c2231ad49f0"],"href":"xdart://lot/lotinfo?id=","ext":{"user_attr_text":""}}] ------/work------


II. Transactions of works in different periods
 

Huang Yuxing's auction works are mainly divided intodark period (2000-2012 ) and the period of abstraction (2013-present), works in the period of abstraction have a life force that cannot be ignored and strong market demand. Higher than the situation in the works of the dark ages.

The following are the characteristics of Huang Yuxing's works in the two periods, the transaction situation, the most expensive lot and the distribution of works at different prices.

1. Dark period

Early works are mainly narrative, depressive, dark, painful and very incomprehensible, mostly inspired by Discussions on death, life, survival, and reincarnation appear repeatedly. The works of the dark period are very forward-looking, and the prices are underestimated by the market to a certain extent.

In the spring of 2022-2023, 29 works were auctioned in the dark period, with a turnover rate of 79%, and a total turnover of 27.02 million yuan, accounting for 16% of the total turnover. The most expensive work of this period "Carnivora: Panda Branch "Beijing Poly 2.99 million yuan transaction.

------work------ id: '26667227' href: xdart://lot/lotinfo?id=26667227 show: 艺术品图片,艺术家名称,艺术品名称,材质,用料,创作时间,尺幅,预估价,成交价,拍卖会地点,拍行名称,拍卖时间,展览 images: https://img.artproglobal.com/c/b0972c268cc1abfa52d0b0de5db504b3?width=2000&height=1467&hTag=d7a495871ba01409369e6c2231ad49f0 _raw: [{"id":"26667227","name":"食肉目:熊猫科","images":["https://img.artproglobal.com/c/b0972c268cc1abfa52d0b0de5db504b3?width=2000&height=1467&hTag=d7a495871ba01409369e6c2231ad49f0"],"href":"xdart://lot/lotinfo?id=","ext":{"user_attr_text":""}}] ------/work------

There are no tens of millions of works in the dark period, and the other main distributions are

strong>

  • 3 million-level lots
  • 11 lots above 100,000-1 million yuan

2. The period of abstraction

The period of abstraction is Huang Yuxing’s continuous accumulation and renewal of life feelings, individual experience and experience on the basis of his early paintings Under the concept of painting, he gradually developed a mature artistic language; in terms of color, he paid more attention to the use of fluorescent colors, and Huang Yuxing always runs through his series of works such as "groves", "rivers", "treasures", "bubbles" and "sunrise and sunset". Thinking about the relationship between "man" and "nature".

------work------ id: '26372736' href: xdart://lot/lotinfo?id=26372736 show: 艺术品图片,艺术家名称,艺术品名称,材质,用料,创作时间,尺幅,预估价,成交价,拍卖会地点,拍行名称,拍卖时间,展览 images: https://img.artproglobal.com/c/6d461bf31e33cb6e340a182b627d6e64?width=3200&height=1595&hTag=d7a495871ba01409369e6c2231ad49f0 _raw: [{"id":"26372736","name":"万疆","images":["https://img.artproglobal.com/c/6d461bf31e33cb6e340a182b627d6e64?width=3200&height=1595&hTag=d7a495871ba01409369e6c2231ad49f0"],"href":"xdart://lot/lotinfo?id=","ext":{"user_attr_text":""}}] ------/work------

In the spring of 2022-2023, 44 works from the abstract period will be auctioned, with a turnover rate of 98%. The total turnover was 143 million yuan, accounting for 84% of the total turnover. The most expensive work of this period, "Nine Dragons", was sold at China Guardian Beijing for 20.7 million yuan.

Distribution of Works in the Abstract Period

  • 3 Ten-Million-Level Auctions

------work------ id: '26544839' href: xdart://lot/lotinfo?id=26544839 show: 艺术品图片,艺术家名称,艺术品名称,材质,用料,创作时间,尺幅,预估价,成交价,拍卖会地点,拍行名称,拍卖时间,展览 images: https://img.artproglobal.com/c/9be99801551af707241c99ebdcc3d004?width=8054&height=5456&hTag=d7a495871ba01409369e6c2231ad49f0 _raw: [{"id":"26544839","name":"日照金山","images":["https://img.artproglobal.com/c/9be99801551af707241c99ebdcc3d004?width=8054&height=5456&hTag=d7a495871ba01409369e6c2231ad49f0"],"href":"xdart://lot/lotinfo?id=","ext":{"user_attr_text":""}}] ------/work------


Third, 2022-2023 Beijing will be the main venue for the sale of Yongle Auction, Christie’s and China Guardian 
 

After nearly 20 years of market testing and precipitation, Huang Yuxing has established a solid foundation and extensive Its social cognition has also developed a group of loyal collectors for it. The following is an analysis from two dimensions of Huang Yuxing's transactions in different cities and different auction houses.

------work------ id: '26209355' href: xdart://lot/lotinfo?id=26209355 show: 艺术品图片,艺术家名称,艺术品名称,材质,用料,创作时间,尺幅,预估价,成交价,拍卖会地点,拍行名称,拍卖时间,展览 images: https://img.artproglobal.com/c/fb7a41e69a4fc700e5e6c30855a773c6?width=2000&height=1256&hTag=d7a495871ba01409369e6c2231ad49f0 _raw: [{"id":"26209355","name":"河流|塞纳河的雨","images":["https://img.artproglobal.com/c/fb7a41e69a4fc700e5e6c30855a773c6?width=2000&height=1256&hTag=d7a495871ba01409369e6c2231ad49f0"],"href":"xdart://lot/lotinfo?id=","ext":{"user_attr_text":""}}] ------/work------

Judging from the transactions in the past two years, Beijing is Huang Yuxing's main transaction city. The number of auctions is the largest and the market share is the highest.

  • 40 pieces were auctioned in Beijing, the turnover rate was 85%, the total turnover was 94.22 million yuan, accounting for 55%
  • 22 pieces were auctioned in Hong Kong, the turnover rate 100%, with a total turnover of 60.91 million yuan, accounting for 36%
  • 11 auctions in other cities, a turnover rate of 90%, and a total turnover of 15.27 million yuan, accounting for 9%

------work------ id: '60356692' href: xdart://lot/lotinfo?id=60356692 show: 艺术品图片,艺术家名称,艺术品名称,材质,用料,创作时间,尺幅,预估价,成交价,拍卖会地点,拍行名称,拍卖时间,展览 images: https://img.artproglobal.com/c/d721307a0689c309a096f4a3c1382ab1?width=2000&height=1324&hTag=d7a495871ba01409369e6c2231ad49f0 _raw: [{"id":"60356692","name":"生命的气泡","images":["https://img.artproglobal.com/c/d721307a0689c309a096f4a3c1382ab1?width=2000&height=1324&hTag=d7a495871ba01409369e6c2231ad49f0"],"href":"xdart://lot/lotinfo?id=","ext":{"user_attr_text":""}}] ------/work------

From 2022 to 2023 spring auction, after three auction seasons, although Yongle Auction, Hong Kong Christie’s, and China Guardian have auctioned Huang Yuxing’s works The number is not the largest, but the total turnover is far ahead. It can be seen that these three auction houses have a good market control over the important works of the artist, and they are better at collecting works, promoting publicity, and understanding collectors' appeals. Grasping the lifeblood of the artist market.

Nine Dragons" is Huang Yuxing's first auction in mainland China that has sold over 20 million yuan, and it is also the artist's second highest price. This high price has consolidated Huang Yuxing's status as a tens of millions of young artists, and has also achieved Guardian has the right to speak in Huang Yuxing's high-priced market.

  • 8 pieces were auctioned at Yongle Auction, with a total turnover of 30.6 million yuan, accounting for 18%
  • 6 pieces were auctioned at Christie’s, with a total turnover of 29.3 million yuan, Accounting for 17.2%
  • China Guardian auctioned 10 pieces, with a total turnover of 29.14 million yuan, accounting for 17%
  • The international auction started with 8 pieces, with a total turnover of 13.66 million yuan, accounting for 17% 11%
  • Sotheby’s auctioned 5 pieces with a total turnover of 17.31 million yuan, accounting for 10%
  • Poly auctioned 13 pieces with a total turnover of 16.8 million yuan, accounting for 9.9%

------work------ id: '26604761' href: xdart://lot/lotinfo?id=26604761 show: 艺术品图片,艺术家名称,艺术品名称,材质,用料,创作时间,尺幅,预估价,成交价,拍卖会地点,拍行名称,拍卖时间,展览 images: https://img.artproglobal.com/c/40a1a01c2a58670df0f7ba3698bf43cb?width=3200&height=2393&hTag=d7a495871ba01409369e6c2231ad49f0 _raw: [{"id":"26604761","name":"九寨秘境","images":["https://img.artproglobal.com/c/40a1a01c2a58670df0f7ba3698bf43cb?width=3200&height=2393&hTag=d7a495871ba01409369e6c2231ad49f0"],"href":"xdart://lot/lotinfo?id=","ext":{"user_attr_text":""}}] ------/work------

ArtPro pays attention to the development and changes of contemporary artists, please continue to pay attention to ArtPro for more exciting news of artists .  
 

English content is provided by Google Translate, all subject to Google Translate disclaimer terms.
Source: ArtPro