CIIE sales of artworks, antiquities soar
Print Edition
Deals, deals and more deals were the buyer response to a display of artworks and antiquities at the 4th China International Import Expo.
Purchase intent was registered for 41 artworks during the expo with a combined value of more than 760 million yuan (US$119 million), the Shanghai Administration of Culture and Tourism said yesterday.
The artworks were brought in by nine overseas exhibitors such as Sotheby鈥檚, Christie鈥檚, Phillips and HENI.
Masterpieces by renowned Chinese and foreign artists such as Zhang Daqian, Wu Guanzhong, Qi Baishi, Marc Chagall and Giacometti were added to the list.
The procurement list also included seven works by Japanese artist Yayoi Kusama, including her symbolic giant pumpkin sculpture, according to the administration.
At last year鈥檚 expo, the trade volume of five artworks totaled 2.2 million yuan.
This year鈥檚 event introduced tax exemption policies, allowing each participating institution to trade five art and cultural relic pieces with zero tariffs within the expo period.
The policies were aimed at encouraging international art trade and cultural exchange, especially the return of China鈥檚 cultural relics.
To further promote the artwork trading volume and the return of cultural relics, this year鈥檚 CIIE established a cultural section in the services trade exhibition area for the first time.
The area of more than 1,200 square meters displayed 178 exhibits at the expo.
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