The First Art Newspaper on the Net Established in 1996 United States Saturday, April 19, 2014


Sotheby's, Beijing GeHua Cultural Development Group join Tefaf Art Fair for assault on China art market
Security guard stands next to a sculpture By American artist Jeff Koons displayed at the Art and Antiques Fair TEFAF in Maastricht, Netherlands, on March 14, 2013. The event runs from 15 to March 24, 2013. AFP PHOTO / ANP / MARCEL VAN HOORN.

By: Scott Reyburn

HELVOIRT (BLOOMBERG).- Sotheby’s is in talks with Tefaf, the world’s biggest art and antiques fair, on holding an event in China.

“Tefaf Beijing 2014” is planned as a collaboration between the Maastricht, Netherlands-based event and Sotheby’s recently forged joint venture with China’s state-owned Beijing GeHua Cultural Development Group, the European Fine Art Fair said today in an e-mailed release.

Sales of art and antiques in China raised 10.6 billion euros ($13.7 billion) last year, making it the world’s second- biggest market, according to a report published last week by the European Fine Art Foundation. The country’s regulatory framework has previously hindered foreign dealers and auctioneers from holding events in China, leaving Hong Kong as the center for western-organized auctions and fairs.

“We feel now is the time to further develop our presence in China, one of the most important art markets,” Ben Janssens, chairman of the Netherlands-based fair’s Executive Committee, said in the release. “Tefaf is committed to contributing to the further growth of the market for European art in China.”

The 10-day annual event in a conference center on the outskirts of Maastricht is organized by dealers. This year’s 26th edition, which runs through March 23, features 265 exhibitors showing museum-quality pieces ranging from antiquity to the 21st century, valued at 4 billion euros.

In recent years, some dealers have said the fair’s location in a medieval town is inconvenient for international collectors who don’t have access to private planes.

Joint Venture
Sotheby’s, the publicly traded, New York-based auction house, said in September last year that it had signed an equity joint venture agreement with the GeHua Group, a state-owned media conglomerate that played a prominent role in the 2008 Beijing Olympics opening ceremony.

The collaboration will allow it to “take advantage of a planned free port project that GeHua is developing within the Tianzhu Free Trade Zone in Beijing, which will serve as a tax- advantaged storage location and provide a platform for various activities,” Sotheby’s said in an e-mailed statement.

A venture between a dealer-organized fair and an international auction house is unusual, emphasizing the importance of China for the West’s art and antiques trade.



Today's News

March 20, 2013

Seven paintings stolen during World War II returned to heirs in emotional Paris ceremony

Field Museum is first North American venue for highly anticipated exhibition of cave paintings

Spanish drawings from the British Museum, Renaissance to Goya, on view at the Prado Museum

Sotheby's, Beijing GeHua Cultural Development Group join Tefaf Art Fair for assault on China art market

Pablo Picasso's ceramic works from a private collection defy estimates at Sotheby's London

Bonhams Urban Sale is a Banksy Surrealist feast as 'Street Paintings' make art world traffic

Kate Haw named new Director of Smithsonian's Archives of American Art

Los Angeles' Museum of Contemporary Art to remain independent

New visual identity and centennial countdown announced at the Royal Ontario Museum

$3 tag sale find sells at Sotheby's for $2.23 million to renowned London art dealer Giuseppe Eskenazi

US Interior Secretary says storm-damaged Statue of Liberty to reopen by July 4

Matthew Alexander returns this week to Thompson's London for his third solo show with the gallery

Modern & Contemporary Art auction from the leading Turkish Auction House Antik A.S. announced

Tate's Alex Beard to head Royal Opera House, replacing Tony Hall

Hillwood acquires rare piece of Tula Steel, one of only a few pieces in an American museum collection

New Director appointed to the Istanbul Design Biennial

Strong results for Southeast Asian works of art kick off Asia Week at Bonhams New York

Vatican to set up contemporary art pavilion at Venice Biennale

Musée d'art contemporain de Montréal opens exhibition with works by Tino Sehgal

Historically rich Steinway piano tops Bonhams Furniture and Decorative Arts Auction

Most Popular Last Seven Days



1.- 'World's oldest message in a bottle', tossed in sea 101 years ago, reaches granddaughter

2.- East-West/West-East: Qatar unveils desert sculpture by American artist Richard Serra

3.- Ming-era 'chicken cup' sells for $36.05 million breaking record for Chinese porcelain

4.- United States pastor Kevin Sutherland convicted over Damien Hirst fake paintings

5.- Major exhibition at Pinacothèque de Paris explores the myth of Cleopatra

6.- Fondation Vincent van Gogh Arles opens with inaugural exhibition "Van Gogh Live!"

7.- Landmark exhibition opens in New York exploring the ancient kingdoms of Southeast Asia

8.- Palm-sized scroll that mentions Jesus's wife is ancient: Harvard Theological Review

9.- Hitler's wife Eva Braun may have had Jewish ancestry: British television documentary

10.- Bonhams to sell Madame de Pompadour's favourite porcelain which surfaced in Devon after 350 years



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Rmz. - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site