- CNTV English - CCTV News

The art of knowing when to buy

11-25-2010 14:06 BJT

BEIJING, Nov. 25 -- China's autumn auctions show a rather voracious appetite for ancient pieces. Art experts and collectors believe prices have further room to rise as some investors look for new ways to offset rising inflation. Wang Jie reports.

It's another new record.

At China Guardian's autumn auction last Saturday in Beijing, a hand scroll script sold for a staggering 308 million yuan (US$46.4 million).

The script was created by Wang Xizhi (303-361), a master calligrapher from the Jin Dynasty (265-420), and features only 41 characters.

In the Chinese mainland art market, the price of Wang's rare script was second only to calligrapher Huang Tingjian (1045-1105)'s hand scroll "Pillar Ming," purchased for 436.8 million yuan last year. The 8.24-meter-long scroll features about 600 characters.

"We had estimated Wang's script would fetch around 100 million yuan," says Deng Jing, spokeswoman for China Guardian. "But this was far beyond our expectations. Obviously, this is a stunning result."

Apart from Wang's scroll, the China Guardian autumn auction has also seen a breakthrough in sales of ancient Chinese furniture. One piece of furniture from the Qing Dynasty (1644-1911) sold for 39.76 million yuan, the most expensive piece of ancient Chinese furniture on record.

A traditional ink-wash painting created by Li Keran (1907-1989) auctioned for 107.5 million yuan, setting an auction record for traditional ink-wash paintings.

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program