Hurun Art List sees Fan Zeng as No. 1
By Feng Jianmin |
April 1, 2011, Friday
|
Print Edition
Print Edition
CHINESE ink painter Fan Zeng was named the "most valuable artist alive" by the Hurun Art List 2011, with his works selling for a record 390 million yuan (US$57.3 million) last year.
Hurun Research Institute yesterday released the list which ranks living Chinese artists based on sales of their works at public auctions over the past year.
Sales of 73-year-old Fan's works surpassed the late Wu Guanzhong's previous record of 370 million yuan in 2008.
Second on the list is Cui Ruzhuo, 67, a Chinese ink painter, with sales of 350 million yuan, 11 times more than the previous year's.
Oil painter Zhao Wuji, 90, fell from last year's No. 1 to third spot, with sales of 340 million yuan. He has been in the top five for four consecutive years.
Sales of the top 50 artists totaled 4.18 billion yuan, 60 percent higher than a year earlier.
Rupert Hoogewerfand, Hurun Report CEO and Chief Researcher, said: "2011 has been the year that Chinese collectors have pushed prices of traditional ink paintings to new records and seen prices of oil paintings rise back to the heights of 2008."
But it would be a mistake to read too much into the figures.
If an artist happened not to have any expensive artwork being sold at an auction last year, his or her position would drop, the report said.
Neither does the list indicate the wealth of the artists because an artist usually holds the intellectual property rights to a piece of art after it has been sold.
Hurun Research Institute yesterday released the list which ranks living Chinese artists based on sales of their works at public auctions over the past year.
Sales of 73-year-old Fan's works surpassed the late Wu Guanzhong's previous record of 370 million yuan in 2008.
Second on the list is Cui Ruzhuo, 67, a Chinese ink painter, with sales of 350 million yuan, 11 times more than the previous year's.
Oil painter Zhao Wuji, 90, fell from last year's No. 1 to third spot, with sales of 340 million yuan. He has been in the top five for four consecutive years.
Sales of the top 50 artists totaled 4.18 billion yuan, 60 percent higher than a year earlier.
Rupert Hoogewerfand, Hurun Report CEO and Chief Researcher, said: "2011 has been the year that Chinese collectors have pushed prices of traditional ink paintings to new records and seen prices of oil paintings rise back to the heights of 2008."
But it would be a mistake to read too much into the figures.
If an artist happened not to have any expensive artwork being sold at an auction last year, his or her position would drop, the report said.
Neither does the list indicate the wealth of the artists because an artist usually holds the intellectual property rights to a piece of art after it has been sold.
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