Chinese trading volume of collectibles is declining

The collectibles market, together with the stock market and real estate market, are also called the world's three major investment categories. Affected by economic conditions, policy regulations and other factors, China’s trading volume of collectibles has declined significantly this year. Industry insiders predict that the downward trend may continue into next year.

The 8th China (Changchun) Folk Art Exposition held in Changchun, Jilin Province is currently one of the largest state-level folk art fairs in the country. The five days before the show has just concluded. Although the half-price discounts for tickets were introduced later this year, the total turnover was only 36.089 million yuan, which was a sharp drop from the previous year's 21.1185 million yuan.

Not only did the turnover drop significantly, but the number of astronomical collectibles also decreased significantly. Collection enthusiasts' inquiry targets are mostly concentrated on small things and small items, and high-end collections are rarely concerned.

A smashing "proud of bone and cold plum" selling for 560,000 yuan has not been sold. The person in charge of the exhibitors said that the materials for this kind of embarrassment are scarce, so it is very precious and the value of art collection is very high. According to the market of previous years, it is certainly not to sell, but at this year's show, there are very few people asking for a price, even if they are interested in buying, the bid is very low.

The reporter also noticed that the "gambling hot stones" that have attracted considerable attention in each of the previous exhibitions also disappeared at this year's show. An exhibitor, Mr. Li, participated in the exhibition of Changchun Civil Expo every year. He said: “The sales situation in previous years was very hot. Last year, the turnover was about 1 million. However, the sales volume was very poor this year, and a lot of people came to the exhibition. ."

The reporter also visited a number of auction companies, generally reflecting that both the auction volume and the auction volume of this year have fallen significantly compared with the same period of last year. Not only that, but in the antique markets around the world, the flow of people cannot be the same as last year.

Tianjin Ancient Culture Street is one of the major collection trading markets in North China. An interview with the reporter found that the market's trading after the Lunar New Year holiday this year was significantly weaker than the same period of last year. The weekly open-air market held on Saturdays was quite depressed. 50% of the stores in front of the door, many sellers gathered together to play cards to pass the time.

The “2012 China Cultural Art Auction Market Annual Report” issued jointly by the Chinese Auction Industry Association and related departments showed that the auction market for Chinese cultural relics in 2012 has witnessed a significant correction. A total of 788 cultural and art auctions were held throughout the country, with a turnover of 28.852 billion yuan, a year-on-year decrease of 26.501 billion yuan, a drop of 47.88%.