Hurun China Art List 2020

CUI RUZHUO, 76, TOPSHURUN CHINA ART LIST FOR 6TH YEAR IN A ROW WITH SALES ATAUCTION OF US$49MN

LIU YE, 56, SHOT UP11 PLACES TO 2ND AFTER A FIVE-FOLD JUMP IN HIS SALES AT AUCTIONUS$48MN; HUANG JIANNAN, 68, BROKE INTO TOP 3 FOR FIRST TIME.

ZHOU CHUNYA, 65, 4THWITH US$24MN, MAKING TOP 4 NOW FOR THREE CONSECUTIVE YEARS

FAN ZENG, 82, 5THWITH US$23MN. FAN MADE TOP 5 FOR 11 CONSECUTIVE YEARS

LENG JUN, 57, BROKEINTO TOP 10 FOR FIRST TIME WITH US$17MN, RANKED 6TH

TOTAL TURNOVER OFTOP 100 CHINESE LIVING ARTISTS DOWN TO US$429MN, LOWEST IN NEARLY A DECADE

52 ARTISTS SAWSALES OF THEIR WORK DROP. 48 ARTISTS SAW SALES OF THEIR WORKS GO UP, INCLUDING28 NEW FACES THIS YEAR

BEIJING PREFEREDRESIDENCE OF CHINA’S ARTISTS, FOR A WHOPPING 60%, UP 8 ARTISTS ON LAST YEAR

THE NUMBER OFARTISTS AGED 50 OR UNDER ROSE FOR THE FIRST TIME AFTER FOUR YEARS OF DECLINE,INCREASING BY 5 TO 11

THE LIST OF FEMALEARTISTS INCREASED BY 2 TO 5, WITH THE MOST SUCCESSFUL FEMALE ARTIST 98-YEAR-OLDCHEN PEIQIU. TWO FEMALE ARTISTS BORN IN THE 1970S MADE THE LIST FOR THE FIRSTTIME: DUAN JIANYU AND LIANG YUANWEI. AT 34, MI QIAOMING IS STILL THE YOUNGESTARTIST ON THE HURUN CHINA ART LIST

A TOTAL OF 265ARTISTS HAVE BEEN ON THE LIST IN THE PAST 13 YEARS, 25 ARTISTS HAVE BEEN ON THELIST IN THE PAST DECADE IN A ROW. THIS YEAR THERE WERE 8 ARTISTS WHO MADE THE HURUN CHINA ART LIST FOR THE FIRST TIMEEVER

WORLD AUTHORITY ONWEALTH CREATION HURUN RESEARCH INSTITUTE LAUNCHED THE HURUN CHINA ART LIST2020

Cui Ruzhuo, 76, topped the Hurun China Art Listfor the 6thyear in a row with a turnover of US$49mn, down 62% from US$132mn last year. A2019 piece by Cui became themost expensive work by living artists last year,sold by Beijing Poly for US$20mn. Among the Top 10 most expensive works by living artists last year, two weremade by Cui Ruzhuo. Cui has been listed in the Hurun China Art Listfor11 consecutive years, and has been in the Top 10 for 10 years.

Liu Ye, 56, up 11 places to with US$48mn, and returningto the Top 10 after 10 years. Liu is also the artist with the largest increasein turnover on this year's list, up 416% from last year.

Huang Jiannan, 68, broke intothe Top 3 for the first time with US$29mn, up 3%. Huang has been on the HurunChina Art Listfor the seven years in a row, rising from 33rdplace to 3rd this year.

It’s been a badyear for contemporary Chinese art. The average turnover of the Top 50 wasUS$79.6mn, along with 2010, the lowest since the financial crisis. The averageturnover in the Top 100 was a third of the 2012 peak, and the threshold forentry is a tenth of what it was then.

The turnover of 48artists increased, including 20 artists who returned to the list and 8 artistswho made the list for the first time. The turnover of 52 artists decreased.

Chinese inkpainters accounted for 49%, down on last year, whilst oil painters accountedfor 45%, up on last year. Among them, 4 have mastery in Chinese ink and oil: Huang Jiannan, Zhu Yaokui, Liu Guosong andAi Xuan.

4 sculptors made the list, 2 more than last year. 57-year-old Li Zhen ranked 16th on thelist with a turnover of US$5.7mn, an increase of 25 places from last year, andis the only sculptor to enter the Top 20. The other three sculptors are:82-year-old Zhu Ming (US$4mn, down8%; ranked 25th, up 9 places from last year), 58-year-old Zhan Wang (US$0.45mn, ranked 85th)and the 64-year-old Sui Jianguo whomade the list for the first time (US$0.34mn, ranked 95th). Only 8sculptors have made the list in the past 13 years.

8 new faces, led by 37-year-old Sichuan painter Hao Liang, who ranked 38th with US$2.4mn. Wang Jianwei,62, also from Sichuan, was the first image artist on the list, ranked 83rdwith US$0.47mn.

Youngest artists. 11 under the age of 50, 5 morethan last year. Oil painter Mi Qiaoming,34, remains the youngest artist on the list, ranked 45th withUS$1.8mn. 5 young artists made the Top 50, the other 4 respectively: Chen Zhongzhou, 42, the only post-70sartist in the Top 20; Ren Zhong, 44,ranked 29th; and Hao Liang,37, ranked 38th who is listed on the Hurun China Art Listforthe first time.

4 above 90 years, as many as last year. The oldest is Sun Qifeng aged 100, sales with US$3mn ranked 31st.

The average age has fallen after rising for three years in a row, to 66,two years younger than last year.

For 13 years on the Hurun China Art List, Beijing has been the citywhere most artists were born and live. Among the Top 100 artists on the list,those who currently live in Beijing are 8 more than last year, and absolutelyahead of other cities with 59 artists; Guangdong has 8 remaining 2nd,2 less than last year; Jiangsu has 7 people remaining 3rd, 1 lessthan last year; Tianjin, which ranked fifth last year, added 1 this year andranked 4th with 5; Shanghai is tied for 4th, with thenumber remaining the same as last year; Yunnan and Hubei newly enter the listthis year, with 1 each. RupertHoogewerf said: "Beijing is the city with the mostwealth on ourHurun Rich List. There are 286 entrepreneurs on the list.Beijing is also the city with the most artists on the Hurun China Art List. Perhaps collectors attract artists."

Place of birth. Beijing ranked 1st with 13 artists, as many as last year; Jiangsuranked 2nd with 10, 1 more than last year; Shandong up 1 place tothe 3rd with 9 artiest, 2 more than last year; Guangdong down to the6th with 6, 3 less than Last year. Shanxi is listed on the list for the first time,with 1.

Female artists. 5 female artists on the list, 2more than last year. The most successful female artist is still the 98-year-oldChen Peiqiu, with a turnover ofUS$4.6mn, an increase of 48% over last year, and the ranking rose from 45thto 19th. And then is MiQiaoming, 34, ranked 45th with US$1.8mn. Followed is Xu Lele, 65 ranked 52nd withUS$1.4mn. next are Duan Jianyu and Liang Yuanwei, ranked 53rdand 68th with US$1.3mn and US$0.8mn, respectively. A total of 14female artists have made the Hurun China Art Listin the past 13 years.

The ChinaCentral Academy of Fine Arts has maintained itsstatus as China's top art institution for 13 years in a row. Of the artists onthis year's list, 27 have graduated or studied there, 6 more than last year.Next is Nanjing University of the Arts, with 7 artists on the list. Again,Sichuan Fine Arts Institute has 6 artists on the list.

Among the auction houses that sold the Top 10 most expensive works byliving artists, Beijing Poly was the biggest winner, and 3 works were auctionedwith a total turnover of US$33mn; China Guardian also auctioned 3 works, with atotal turnover of US$26mn.

52 artists have been listed on the Hurun China Art Listmore than 7 times(including 7 times), including 25 artists who have been on the list for thepast ten years in a row. They are: Cui Ruzhuo, Liu Ye, Zhou Chunya, FanZeng, Zeng Fanzhi, Zhang Xiaogang, Jin Shangyi, Zhou Yansheng, Liu Wei, Huang Yongyu, Chen Peiqiu, Fang Chuxiong, WangMingming, Zhu Ming, Fang Lijun, Luo Zhongli, Wang Ziwu, Shi Guoliang, HeJiaying, Lin Yong, Jia Youfu, Wang Yidong, Shen Peng, Liu Dawei and Ai Xuan.

Of the Hurun Best-Selling Chinese Artists, a list of the Top 100artists from Chinese history (featuring both living and dead Chinese artists), Zhang Daqian ranked 1st withUS$245mn. Zhao Wuji ranked 2ndwith US$197mn.Qi Baishi dropped to the 3rd withUS$196mn. In terms of art categories, 22 oil painting artists made the list,the same number as last year. This is the 8th consecutive year of theHurun Best-SellingChinese Artists.

(4 June 2020, Shanghai) The Hurun Research Institute today launched the HurunMost Successful Chinese Living Artists 2020, a ranking of the top 100 Chinese artists alive today based on thesales of their works at public auction in the year ending 31 December 2019. CAFANational Institute of Art and Cultural Policy provided the data. This is thethirteenth consecutive year of the HurunChina Art List.

In 2019, the volume of China's art market shrankand prices were flat, with a low transaction rate. Specifically, 363,600 workswent up for auction, but only 161,500 were sold. The transaction value was CNY$49.2bn,with a transaction rate of 44%, which was the lowest since 2010 (according to ArtMarket Monitor of ARTRON). Looking at the Hurun China Art List 2020, thetotal turnover, the average turnover, the entry threshold and the number ofartists whose annual turnover exceeds CNY$100mn all showed a downward trend.

Rupert Hoogewerf, Chairmanand Chief Researcher of Hurun Report, said: “In the past 13 years, only 265 artists have madethe Hurun China Art List , of which24 have since passed away. This should give readers confidence thatsignificantly all of the best living artists in China make the list sooner orlater.”

“It’s been a badyear for the China contemporary art market, with the cut-off to make our listto its lowest since records began in 2008.”

This is anEnglish language summary of the full Chinese press release which can be foundat 网页链接 Please note percentage changes of the sales totalsis using the Chinese Yuan figures comparing this year and last. For mediainquiries please contact our public relations team whose contact details can befound at the end of this report.

HurunMost Successful Chinese Living Artists 2020

4 of the Top 10 newlyentered the list. Among them, Liu Ye,a 56-year-old oil painter who has been on the list for the thirteenthconsecutive year, entered the Top 10 again after 10 years with US$48mn. Theaverage increase of the Top 10 is 42%. The average age is 67 years, which is 1year older than the overall list, and 2 years younger than the average age ofthe Top 10 last year. There are 8 oil painters in the Top 10, twice as many aslast year. 8 of the Top 10 live in Beijing, while the other two live in Sichuanand Hubei.

Cui Ruzhuo, 76, topped the Hurun China Art Listfor the 6th year in a row with aturnover of US$49mn, down 62% from US$132mn last year. A 2019 piece by Cui becamethe most expensive work by living artists last year,sold by Beijing Poly,selling for US$20mn. Among the Top 10 most expensive works by living artists last year, two weremade by Cui Ruzhuo. Cui has been listed in the Hurun China Art Listfor11 consecutive years, and has been in the Top 10 for 10 years.

Liu Ye, 56 ranked 2nd withUS$48mn, up 11 places from last year and entering the Top 10 again after 10years. Liu is also the artist with the largest increase in turnover on thisyear's list, increase 416% from last year.

Huang Jiannan, 68, entered theTop 3 for the first time with US$29mn (up 3%). Huang has been on the HurunChina Art Listfor the seventh year in a row, rising from 33rdplace to 3rd this year.

Zhou Chunya, 65, down 47% to US$24mn and down2 places ranked 4th. Zhou has been listed in the Hurun China ArtListfor thirteen consecutive years and was ranked 1st in 2013.

Fan Zeng, 82, down 33% ranked 5th withUS$23mn. Fan has been on the Hurun China Art Listfor 13 consecutiveyears, and topped the list in 2011 and 2012.

Leng Jun, 57, returned to theHurunChina Art Listafter one year, ranked 6th with US$17mn.

Zeng Fanzhi, 56, down 35% and ranked 7 withUS$16mn. Zeng has been listed on the Hurun China Art Listfor 13consecutive years. He ranked 1st in 2014 and ranked 2ndfive times.

Zhang Xiaogang, 62, down 33% and ranked8th with US$13mn. Zhang has been listed on the Hurun China ArtListfor 13 consecutive years, and topped the list in 2009.

Zhu Yaokui, 88, increased 46% ranked 9th with US$12mn. Last year's mostexpensive painting was sold by Beijing Council for US$5.8mn.

Liu Xiaodong, 57, increased119% to US$10mn and ranked 10th, up 23 places. This is the 12thtime Liu has been listed on the Hurun China Art Listand he return to theTop 10 after seven years.

Top 10 mostexpensive works by living artists

Among the Top 10 most expensive works by living artists, two were made by Cui Ruzhuo and Leng Jun, and the other6 were by Jin Shangyi, Zhou Yansheng,Liu Ye, Huang Jiannan, Liu Xiaodong, and Zhu Yaokui.

Only one living artist's work was sold for over CNY￥100mn last year. One of Cui Ruzhuo's work which made in 2019 was sold byBeijing Poly for US$20mn. The most expensive work of the previous year was alsoCui Ruzhuo's work of 2017.

Among the auction houses that sold the Top 10 most expensive works byliving artists, Beijing Poly was the biggest winner, and 3 works were auctionedwith a total turnover of US$33mn; China Guardian also auctioned 3 works, with atotal turnover of US$26mn; The other 4 works were produced by Holly’s,Sotheby’s, Shanghai Council and Beijing Council.

Among the top 10 mostexpensive works by living artists, 3 are Chinese Ink and 7 are oil.

52 artists havebeen listed on the Hurun China Art List more than 7 times (including 7times), including 25 artists who have been on the list for the past ten yearsin a row.

52 artists have been listed on the HurunChina Art Listseven or more times, led by 25 artists who have been on thelist for the past ten years in a row. They are: CuiRuzhuo, Liu Ye, Zhou Chunya, Fan Zeng, Zeng Fanzhi, Zhang Xiaogang, Jin Shangyi,  Zhou Yansheng, Liu Wei, Huang Yongyu,Chen Peiqiu, Fang Chuxiong, Wang Mingming, Zhu Ming,Fang Lijun, Luo Zhongli, Wang Ziwu, Shi Guoliang, He Jiaying, Lin Yong, Jia Youfu, Wang Yidong, Shen Peng, Liu DaweiandAi Xuan. The other 27 artists were: Huang Jiannan, Leng Jun, Huo Chunyang, Shi Qi, Liu Guosong, Ren Zhong, Sun Qifeng, Shang Yang, Chen Danqing, He Duoling, Cai Guoqiang, Tian Liming, Fan Yang, Xu Lele, Ding Yi, Wang Yong, Xu Bing, Feng Dazhong, Mao Yan, Xu Qinsong, Yu Jigao, Feng Yuan, Tang Yongli, Yin Chaoyang, Chen Yongqiang, Jiang Hongwei and Xue Liang.

Introductionto CAFA National Institute of Art and Cultural Policy

The CAFA National Institute of Art and Cultural Policy was established on May 25,2009. It is a national-level art and cultural policy research institutionjointly established by the Ministry of Culture of the People ’s Republic ofChina and the Central Academy of Fine Arts, and belongs to the Central Academyof Fine Arts. The Ministry of Culture provides project and financial support,and the Institute undertakes art and cultural policy projects entrusted by thePublicity Department of the Communist Party of China, China Federation ofLiterary and Art Circles, as well as provinces, cities, and autonomous regions.At present, the Institute has two base brands, namely the "National ArtMarket Research Base" awarded by the Ministry of Culture and the"Chinese Literature and Art Public Opinion Research Base" awarded bythe China Federation of Literary and Art Circles.

The main research functions and projects of theInstitute include: preliminary research on national art and cultural policiesand regulations; research on the global art market; research on theimplementation of arts and cultural industries projects; planning andimplementation of large-scale projects of national foreign cultural strategy;research on art industrial parks; promoting the research of the Chinese ArtFinance Research Center; research on the improvement of currency image and design;research on public art and urban development; research on art licensing and artderivatives industry; research and training on museum and art museummanagement; research on Chinese art evaluation system, communication system andfunding system.

Founded in 2015,Hurun Art Foundation is a media platform which focus on Chinesecontemporaryart. Depending on the combination of Hurun Report and Hurun China Art List , weprovidea full range of promotion channels for contemporary artists, includingmagazine,website and exhibitions. We have discovered thatcontemporary artists are the mostpromising ones among all types of artists in China, interms of their active thoughts andbroad vision. They also arevery diligent, and they have great passion about art. We areresponsibleand feel obliged to build a wider platform, in order to help promote them andtheiroutstanding works. For this purpose, we interviewed Chinese artists who areactive inthe United States and Switzerland; we signed long-termand strategic cooperationagreement with artists in Beijing, Shanghai, Guangzhouand Chengdu; we keep promotingone or two contemporary artists every month on HurunReport Magazine by analyzing theirworks and providing someinsights. Our purpose is to help the wealth elites of China tolearnmore about the value of Chinese contemporary art, thus we connect art andwealth.

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