The serenity of Cui Ruzhuo’s (崔如琢) ink landscapes is a far cry from the turmoil of China’s contemporary art market, but he can bank on his own status as the country’s best-selling living artist.
Cui’s works reflect traditional Chinese forms and subjects, replete with largely monochrome mountains, lakes and trees.
Little-known in the West, his works fetched a total of more than US$120 million at public auctions last year, up 69 percent, even as the overall market plummeted, according to wealth publisher the Hurun Report’s newly released China art list.
Photo: AFP
“When an artist is creating, a very important point is to definitely be sincere and responsible toward your own art,” Cui said at the launch of the document.
“Do not just see your works as products,” he added.
Cui is in a position where he can afford to proclaim himself on the moral high ground.
Photo: AFP
However, he said that he watched the market “quite closely,” before lauding multibillionaire art collector Wang Jianlin (王健林) as a man with “personal cultivation.”
Connoisseurs fear that in a system where money dominates the conversation around value, artistic quality risks being sidelined.
“China’s art market is a chaotic mess. People are always looking for a standard by which to judge works, but art isn’t like the Olympics,” said artist, columnist and curator Xie Chunyan (謝春彥). “You measure a long jump in meters, but art isn’t that simple — money is one metric, but it’s not the only criteria.”
Hurun Report chairman Rupert Hoogewerf said that the art list was intended as a guide for someone like him, who loves “the idea of being interested in art,” but “lacks a deep understanding of it.”
“These people are looking to become more educated and cultured and are looking to get into the art world, but where to start?” he said of China’s nouveau riche entrepreneurs.
FLYING IN CIRCLES
China’s contemporary art market is riddled with systemic flaws and inconsistencies, insiders say.
The country’s system of museums remains weak, and critics are regularly offered “red envelopes” containing bribe money in exchange for positive reviews, aiding unchecked speculation.
Hoogewerf admitted that the auction statistics his list depended on were “far from” perfect.
“It’s well known that a lot of the auction prices might be ramped, and some of the works are never paid for at the end of it,” Hoogewerf said. “There are a lot of problems.”
It is a phenomenon that threatens quality and development, according to artists and critics.
“An art world that focuses on money can only spit out artists of high net worth — not profound or truly great artists,” said Li Mo, calligrapher and history researcher at Beijing University. “The art market and artistic creation are like two wings of a bird — if the creative wing is atrophied and the money-making one is strong, our art world can only fly in circles.”
TEST OF TIME
Auction sales for China’s top 100 living artists totalled US$565 million last year, according to Hurun Report, down 45 percent on 2014.
The fall was largely due to a collapse in volume, rather than average prices, with 6,863 works auctioned over the course of the year, compared with 15,921 in 2014.
China’s contemporary calligraphy and painting business remains immature and subject to individual distortions, long-time art analyst Qi Jianqiu (齊建秋) said.
The “deformed market” of years past, he said, was based heavily on gifting practices and had been hard hit by slowing economic growth and an anti-corruption campaign under Chinese President Xi Jinping (習近平).
However, art critic and ink painter Zhang Zhaohui (張朝暉) said some artists’ sales values rose “because they have good relations with bureaucrats and the wealthy.”
“They aren’t in fact very good artists, but they work their network of relationships — perhaps using only 10 percent of their energy and brainpower on painting and 90 percent of their energy on making use of those relationships,” Zhang said.
Even so, the long arc of art history will establish the difference between price and genuine artistic value, he said.
“History is like a sieve — it will always filter out works that do not stand the test of time, while the truly good works will be gradually passed down through generations,” he said.
PATENTS: MediaTek Inc said it would not comment on ongoing legal cases, but does not expect the legal action by Huawei to affect its business operations Smartphone integrated chips designer MediaTek Inc (聯發科) on Friday said that a lawsuit filed by Chinese smartphone brand Huawei Technologies Co (華為) over alleged patent infringements would have little impact on its operations. In an announcement posted on the Taiwan Stock Exchange, MediaTek said that it would not comment on an ongoing legal case. However, the company said that Huawei’s legal action would have little impact on its operations. MediaTek’s statement came after China-based PRIP Research said on Thursday that Huawei filed a lawsuit with a Chinese district court claiming that MediaTek infringed on its patents. The infringement mentioned in the lawsuit likely involved
Taipei is today suspending work, classes and its US$2.4 trillion stock market as Typhoon Gaemi approaches Taiwan with strong winds and heavy rain. The nation is not conducting securities, currency or fixed income trading, statements from its stock and currency exchanges said. Authorities had yesterday issued a warning that the storm could affect people on land and canceled some ship crossings and domestic flights. Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) expects its local chipmaking fabs to maintain normal production, the company said in an e-mailed statement. The main chipmaker for Apple Inc and Nvidia Corp said it has activated routine typhoon alert
GROWTH: TSMC increased its projected revenue growth for this year to more than 25 percent, citing stronger-than-expected demand for AI devices and smartphones The Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) yesterday raised its forecast for Taiwan’s GDP growth this year from 3.29 percent to 3.85 percent, as exports and private investment recovered faster than it predicted three months ago. The Taipei-based think tank also expects that Taiwan would see a 8.19 percent increase in exports this year, better than the 7.55 percent it projected in April, as US technology giants spent more money on artificial intelligence (AI) infrastructure and development. “There will be more AI servers going forward, but it remains to be seen if the momentum would extend to personal computers, smartphones and
Catastrophic computer outages caused by a software update from one company have once again exposed the dangers of global technological dependence on a handful of players, experts said on Friday. A flawed update sent out by the little-known security firm CrowdStrike Holdings Inc brought airlines, TV stations and myriad other aspects of daily life to a standstill. The outages affected companies or individuals that use CrowdStrike on the Microsoft Inc’s Windows platform. When they applied the update, the incompatible software crashed computers into a frozen state known as the “blue screen of death.” “Today CrowdStrike has become a household name, but not in