Zhan Wang is considered as one of the most important contemporary artists in China employing mediums such as sculpture, installation, performance, photography and video. Zhan Wang’s practice is firmly rooted in the culture he has been surrounded with over the course of his life.Buy the Full Report >
The market turnover of Wang’s individual work jumped to over 1 million RMB and arrived its first peak in 2006.
accounted for 82% of the artist’s overall auction consignments.
Christies’ held 76% of Zhan Wang's secondary market sale after 2009.
$2,709,000 was the highest price achieved with Artificial Rock No. 59, realized in Hong Kong Christie's.
From 2004-2009, the turnover rate of ARTIFICIAL ROCK series remained a steady level with a average of 97.7%.
Artificial Rock has outperformed the market during the period of 2002 to 2016, appreciating over 18 times over 14 years, giving a CAGR of 23.3%.
Hong Kong have the highest average price sold among all other auction locations with regards to Zhan Wang's work.
Zhan Wang is considered as one of the most important contemporary artists in China whose artistic practice employs mediums such as, sculpture, installation, performance, photography and video. Zhan Wang’s practice is firmly rooted in the culture by which he has been surrounded with over the course of his life and traditional Chinese notions.
"Zhan Wang’s new works emphasize the shaping and transformations of forms in his personal surroundings, and the mutually-immersive relationship of the two."
02. The Art Market
Overall, the global art market has been growing over last year. For the period from July 2016 to June 2017, Contemporary Art generated a global auction turnover of $1.58 billion, i.e. an increase of 3.2% Y/Y. The top three countries in sales are US, UK and China, occupying around 29.5%, 24% and 18% respectively of global sales revenue in art market.
03. Artificial Rocks
Artificial Rock as Zhan Wang’s most signficant series
"Among other series of Zhan Wang, the Artificial Rock series have received the most recognition from institutional side and market side. The museum and public art acquisition is mostly focused on the Artificial Rock series, for its exploration of literati stone in modern stainless-steel medium."
04. Investment Thesis
Zhan Wang’s work is outperforming other investment vehicles and the general art index, riding along the trend of Chinese artists garnering more and more critical attention at the international stage. Zhan Wang is the leading figure for Chinese contemporary sculpture art, his Artificial Rock series is acquired by public art collection and major institutions, which further safeguard its value.
05. Execution and Monitoring Strategy
How to Strategically Execute and Monitor Zhan Wang’s Work
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Zhan Wang, Artificial Rock 59, Scholar Rock, Artificial Rock 40, Urban Landscape
Source: wonderferret, Elliott Brown, Wolfram Burner (flickr)
Auction records have shown difference in auction locations. At the early stage of Zhan Wang’s career (1997-2005) and after 2009, the majority of the sales take place in the Greater China area. However, a surge in the overseas market arose during 2006-2009, with 15 lots sold by New York Sotheby’s. The sudden rise in sales overseas corresponds to Zhan Wang’s increasing appearance in North America and Europe.