Enter the Dragon- The rise of Chinese buyers in the Art Market

From my experience in the UK Art Market the rise of interest from Chinese buyers has been enormous. For the first part of my career I worked in the European works of art and Asian Art salerooms of Christie’s South Kensington during the late 1990’s. The supply of available material for sale meant that every other week we could sell Chinese and Japanese works of art and porcelain. Very few clients were from the Asian countries, with most being drawn from the London and European trade. There was no internet and most buyers were reliant on catalogues, being present to bid or telephone bidding to buy at auction.

The current market is completely different. The availability of the internet to view sales, the use of agents for buyers in China and the global nature of the Art business has completely changed the market, with Chinese buyers coming to London especially in November to view and buy at sales and via the trade during Asian Art week. Regional salerooms have as much power to sell high value works of Chinese Art, as Christie’s, Sotheby’s and Bonhams. Regional auctioneers, while retaining their business independence, have worked together with the common interest to service and support the rise in demand for services to Chinese buyers.

The most valuable and saleable objects that are sold in the trade and via auction are those that exhibit rarity and a fine provenance. Previous ownership from a distinguished family, history and proof of trade via prestigious dealers all confirm on an object, a proof of history and by virtue of these qualities value.

At Rosebery’s Fine art auctioneers in July 2020, a rare pair of Chinese porcelain wall or sedan chair vases, from the reign of the Emperor Qianlong were sold for £324,500 including buyer’s premium. They were consigned from a private collection in the UK, and decorated in what were termed as yangcai or “foreign colours” because of the pink famille rose grounds, which came to the knowledge of Chinese craftsmen from the influence of European missionaries and craftsmen who were in China. The Emperor Qianlong was a connoisseur of porcelain and ordered his craftsmen at the Imperial porcelain works in Jingdezhen to design a vase for a sedan chair for flowers. He is known to have written poetry, some of which appears on these vases, and those sold in the past.
The Imperial poem inscribed on the offered pair of vases, titled ‘The Hanging Bottle’, is documented in The Complete Library of the Four Treasures. The Qianlong emperor composed this poem in 1758, the 23rd year of his reign, to express his delight upon viewing a sedan vase filled with fresh flowers hanging in his sedan chair on the way to a hunting trip. There are 320 Qianlong wall vases recorded in the collection of the Palace Museum in Beijing and about 138 of them are inscribed with poems by the emperor. There are thirteen wall vases in varying glazes and forms on the wall of The Hall of Three Rarities, the emperor’s special study in the Hall of Mental Cultivation in the Forbidden City.

The value achieved at auction was influenced by the colour of the decoration, the fact that they were a pair and that they had direct connection to the Emperor Qianlong. A Chinese agent eventually secured the winning bid.

A pair of Chinese porcelain wall or sedan chair vases

A pair of Chinese porcelain wall or sedan chair vases, from the reign of the Emperor Qianlong were sold for £324,500 in July 2020. Image courtesy of Rosebery’s fine Art auctioneers.

Scholars have collected a wide range of different ceramic wares from China over the centuries. Of my favourite are the wares decorated in single colours or variations of this theme. One type of ware is called Jun ware and dates from the Song Dynasty (960-1279). Ceramics were produced in Junzhou Prefecture (today’s Yuzhou) in Henan province, found in the middle of China. Ceramic production lasted there from the Song (960-1279) to the Ming (1368-1644) dynasty and is usually typified a thick almost custard like pale purple glaze, with splashes of a deeper purple on the surface. These wares, while not greatly prized, were still revered in the Ming dynasty and continue to achieve high values at auction.

Chinese Jun bowl

Chinese Jun bowl produced during the Song Dynasty. Image courtesy of Woolley and Wallis.

This Chinese Jun bowl was sold on the 21st May 2014 for £26,000 and is typical of the wares produced during the Song Dynasty, but was attributed to a rival faction of the same period, the Jin. It is typical of the type of bowl made of the period with the thick pale lavender coloured glaze over laid with abstract cloud like large purple splashes.

Bill of sale Chinese Jun bowl dated 1946

Invoice for the Chinese Jun bowl dated 1946, from John Sparks, London. Images courtesy of Woolley and Wallis.

Of importance to the piece was the provenance from the dealership of John Spark’s Ltd, a prominent London dealer, whose receipt was sold with the piece, dated the 1st January 1946 and the former owner, the late Dowager Viscountess Harcourt. Of equal importance is the fact that a similar form of bowl is found in the collection of the Palace Museum in Beijing.

Made in China, a Brief Guide to the Meaning of Chinese Porcelain Marks

As a valuer of Chinese and European ceramics, one of the main actions in assessing an item is to look at the base of an object as it can tell a thousand stories.

Mostly, this simple action will yield information, although on the rare occasion it does not, you might find the ashes of your client’s beloved relative at your feet, or indeed the corpse of a dead mouse. While I have not had the ashes of any deceased individual at my feet, passing meetings with mummified mice are a hazard of the job to which I can relate to in the hunt for an item’s history and authenticity.

The marks on Chinese porcelain wares are generally found on the base of the pot and are made up of four or six characters or a stylised seal mark, made of geometric designs that mirror the handwritten characters.

The marks will generally refer to an Emperor’s reign and confusingly are not a real indication of the age of the piece. If the age of the porcelain is considered to be of the same date as the mark in question, it is commonly described as being “of mark and period.” However, Chinese potters did mark porcelain with earlier reign marks to the date of the manufacture as a mark of respect to earlier wares and Emperors.

This can cause some confusion with dating Chinese porcelain!

Only expertise and experience can assess age, although sometimes an invasive test, such as a thermoluminescence test, might assist the valuer. Invasive tests are far from ideal as they do require a sample to be removed from a pot.  Commonly, ancient Chinese terracotta tomb figures are sold on the marketplace with these tests and accompanying certificates. Oxford is currently one of the centres for issuing these certificates in the UK.

The translation of the marks one finds on Chinese porcelains are well documented in books including Gerald Davison’s excellent, “The Handbook of Marks on Chinese Ceramics”, which includes the main reign marks for the Ming and Qing dynasty emperors and other less commonly documented marks.

With practise, comparing and reading both written and seal marks on Chinese porcelain becomes easier, especially with the correct textbooks by your side. However, with a little more knowledge of written Chinese and the method of writing Chinese characters, this can be made easier and more satisfying to understand.

Each character would have been applied with a brush; the shapes made by varying the amount of pressure applied to the brush as the stroke is made. This is also relevant to forming Chinese characters in calligraphy. Each character would have been made by performing a varied number of strokes, from three to fourteen in the characters below. Understanding the order in which the strokes are written (generally left to right), their proportion and the formation of the character can help one to appreciate the character more precisely, and if one could understand the components of each character more fully, one would be able to consult a Chinese dictionary to find the meaning. Mostly marks used on Chinese porcelain appear as commonly used words in today’s modern Chinese language. For example, the character for year has not changed in hundreds of years, and can be found on Ming porcelain, and in an e mail today.

The first mark below is a Ming blue and white porcelain bowl that sold for $7,470,000 (£733,927) at Christie’s Hong Kong in May 2013 and below that, a pair of Yongzheng doucai conical Dragon bowls and covers, that sold for £212,000 at Christie’s London in November 2019.

The mark below shows from the top right down to left down, the characters for Da Ming Xuan, De Nian li, which translates as Great Ming Xuan De Year produced (in) or effectively, “this piece was produced in the reign of the Ming Emperor Xuan De.”

Ming porcelain mark

Ming porcelain mark. Image courtesy of Christie’s

The mark below shows from top right down and across to the left, the characters Da Qing Yong Zheng Nian li, with translates as Great Qing Yong Zheng Year produced (in), or effectively, “this piece was produced in the reign of the Qing Emperor Yong Zheng.”

Yongzheng porcelain mark

Yongzheng porcelain mark . Image courtesy of Christie’s

Asian Art Valuations

The History of Collecting Oriental Works of Art

Vase, made during the reign of the Emperor Qianlong. £53.1 million

Vase, made during the reign of the Emperor Qianlong. £53.1 million

In Europe the collecting of Oriental works of art goes back to the end of the 15th Century when Portuguese traders began to import Chinese porcelain and this fashion for exotic items from the Far East soon swept the whole of Europe with many countries vying to control the market.

Such was the popularity and value of Chinese porcelain that in 1717 Augustus the Strong of Saxony swapped 151 pieces of Chinese porcelain for 600 of the King of Prussia’s finest soldiers.

Other materials were also highly sought after by the Europeans including silk, lacquer and Jade.

In the middle of the 17th century the civil war in China led to a shortage of Chinese goods and so the Western traders approached the Japanese to produce similar items, whilst back in Europe many people were trying to produce wares in the style of the Chinese.

Until fairly recently the market in the West has been dominated by Europeans and North Americans, though the Japanese, who had also collected Chinese porcelain for over 1,000 years, were also buyers.

Recent Trends
In the 21st century the increasing wealth of a great many Chinese nationals has led them to try and buy back their heritage.

The best prices are paid for items made the for the domestic market, particularly those made for the Imperial Court, whilst pieces made for export to the West are largely looked down upon as being inferior.

Imperial porcelain from the 18th century is especially sought after for its high quality, which was often dismissed by Western collectors as lacking the soul and character of Ming and earlier wares.

The finest of these 18th century pieces make many millions of pounds, most famously the vase, made during the reign of the Emperor Qianlong, who ruled China from 1736 to 1795, which sold at a small auction in the Home Counties for £53.1 million.

In recent years the Chinese market has become much more selective as knowledge has increased amongst the dealers and collectors in mainland China, where a few years ago Chinese pieces were bought in an almost indiscriminate manner there is now a greater appreciation of the range of Chinese artefacts and their relative quality.

The high prices and subsequent publicity achieved by Chinese piece brought a considerable number of items onto the market and so the prices for more common pieces fell.

Another result of the high prices being paid for Chinese pieces has been that extremely good copies are now being made which has undermined certain sections of the market and means that provenance has now become of even greater importance than previously, with collectors looking for evidence that a piece has a confirmed history.

Because of strict limitations on the export of cultural items from China, once a piece has been bought and taken to China it can no longer leave the country creating a diminishing supply of good quality pieces in the West, one effect of this has been to broaden the range of pieces collected, pushing up the prices for Ming and earlier pieces, the increase in knowledge of Chinese collectors has also enabled this to happen.

1100 AD porcelain brush washer. £30 million

1100 AD porcelain brush washer. £30 million

 

Chinese porcelain plate, Qianlong period (1736-1795) £40 million

Chinese porcelain plate, Qianlong period (1736-1795) £40 million

Recently a porcelain brush washer from the Imperial Ru kiln, made around 1100 AD, 13cm diameter with a pale blue/green glaze and typical finely controlled cracking to the glaze, sold in Hong Kong for 294,287,500 HKD, around £30 million.

The entry of the Chinese collectors into the market has pushed many of the finest pieces out of the reach of Western Collectors, though there are still areas that are affordable and have not yet been greatly affected by recent events, Chinese export porcelain from the 18th century is still remarkably inexpensive with many attractive piece passing through UK auctions and fairs on a daily basis.

Values for attractive pieces often being measured in the tens and hundreds of pounds rather than the many thousands and even millions, it is possible to buy individual plates from the 18th century in good condition for less than £50, fine export examples with the most attractive and rarest decoration rarely cost more than a couple of thousand leaving a broad and interesting collecting area that is still surprisingly affordable.

Chinese porcelain plate, Qianlong period (1736-1795) £40 million

Chinese porcelain plate, Qianlong period (1736-1795) £40 million

 

 

 

 

 

 

 

 

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