3月22日晚间，保利文化(3636.HK)公布2018年年度业绩，期内，公司的收入和毛利均延续去年增长趋势，其中，收入 实现6.7%的增长，由2017年的34.8亿增至2018年的37.1亿人民币；毛利增长5.4%，由2017年的12.3亿提高至2018年的 近13亿人民币。2018年，集团实现每股基本盈利0.98元。 保利文化是一家自带稀缺属性的公司，作为央企中领先的文化产业集团，目前经营着全球最大的中国艺术品拍卖行， 还拥有全球规模最大的直营剧院院线。艺术品拍卖与剧院管理具有较高的稀缺性和行业壁垒，主营业务的高端优势为 保利文化筑就了坚固的护城河。 一、规模化扩张，保持收入持续增长 保利文化近6年收入一直保持稳定增长，复合增长率约13%，这在以国有企业为背景的文化产业发展的企业中已属于 表现积极。特别在2016至2017年三年间，从27亿增长至37亿元人民币，累计增长达37%。明显优于同行。 是什么支撑集团多年收入和毛利实现双增长？分析其原因： 一方面是保利文化地位优势，作为中国艺术品拍卖行业龙头企业，领域资源优势突出，市场占有率高，收入得到保 障； 年内，集团艺术品经营和拍卖分部业务收入录得11.5亿人 ...

近日，北京九歌2025秋文物艺术品拍卖会在北京圆满收官。作为深耕行业二十余载的资深拍卖机构，北 京九歌以坚守品质为核心、以高效运作服务大众为初衷，为秋拍盛会交出了满意的答卷。 211 a r and man Chicago e de n Fia 6 北京 九歌２０２５秋 文 物 艺 术 品 拍 卖 会 在 BEIJING JIUGE AUTUMN 2025 HERITAGE AND ART AUCTION 8 811 la @ @ 6 i 的 y ह and t B 8 @ l 1 . y tte Transpire 2 - 1 杨彦的鸿篇巨制《世界和平五洲万里行》首次隆重亮相，广受瞩目，成为全场焦点。这幅全长30米、宽 1.5米的巅峰之作，以五大洲最高峰为主体，融合全球著名人文标志，用东方笔墨传递世界和平、文明 共生的愿景。是杨彦历时数年足迹遍布70余国的艺术结晶 。作品兼具艺术高度与思想深度，不仅向市 场释放书画创新魅力，更以艺术为桥传递时代精神，成为本次秋拍深具文化价值的热点巨作。据悉， 2014年杨彦《黄山赋十八峰群》系列作品以人民币6600万元拍卖成交。多位业内人士表示，若关联此作 品并延伸其稀缺性 ...

南京博物院前院长徐湖平被带走调查的消息闹的沸沸扬扬，他儿子这边又爆出大动静！ 不仅名下公司突然被列为经营异常，工商登记信息里还扒出个关键新角色 这一连串操作让本就扑朔迷离的文物流失案，更添了几分疑点…… 先给大家讲一讲这件事情的背景 82岁的徐湖平可不是普通人，他曾任南京博物院院长，还兼任过江苏省文物总店法人代表 最近正因明代名画《江南春》的事被实名举报 而他的儿子徐湘江，早就跟着父亲的路子深耕艺术品行业，名下有多家相关公司 还在江苏爱涛拍卖有限公司当董事，这家拍卖公司的股东恰好就是徐湖平曾主管的文物总店 父子俩的商业与权力关联一目了然 公示 根据省文旅厅职称评审相关要求,现 对江苏省文博中初级职称申报评审结果进 行公示,公示时间2022年12月15日至12月 21日,公示期间如有异议,请联系:025- 84841058. 就在12月23日徐湖平被带走的当天，徐湘江名下的公司，工商信息突然更新为经营异常 原因是登记住所和经营场地无法联系 说白了就是公司人去楼空，找不到人了 这也太巧了，难免让人猜测是不是早有准备 更离谱的是，这家公司可不是第一次出问题，之前还两次因违反财产报告制度被列为老赖 徐湘江本人在202 ...

近日，佳士得披露年终"成绩单"。2025年，佳士得实现62亿美元的全球成交总额，较2024年增长6%。 其中，拍卖业务实现47亿美元，同比增长8%。 值得注意的是，本年度，成交价最高的3件作品均通过私人洽购完成，而首次纳入财报的汽车拍卖板块 ——由收购Gooding&Company整合而成的Gooding Christie's，贡献了2.34亿美元成交额。 艾媒咨询CEO(首席执行官)兼首席分析师张毅在接受《每日经济新闻》记者采访时指出，佳士得切入汽 车拍卖业务，核心是为了补全奢侈品品类矩阵。"佳士得正是通过横向拓品类，完善全品类布局，打通 高端厂家资源与汽车拍卖需求，依托全球及亚洲渠道优势，进一步提升客单价与复购率。"在张毅看 来，经典车兼具稀缺性、工艺价值与投资属性，与艺术品收藏逻辑相通，能很好契合老藏家的情感与收 藏价值双重需求。 女性玩家持续增多 随着千禧新世代和"Z世代"(1995年至2009年间出生的一代人)财富积累加速，其在艺术品、数字艺术及 奢侈品领域的购买力持续释放。佳士得披露的数据显示，2025年，63%的新买家通过线上平台首次成功 竞得拍品，平均成交价格(不含名酒类别)为2.27万美元， ...

拍卖额44亿美元 年度2025年 总成交额62亿美元 拍卖额47亿美元 私洽额15亿美元 私洽额15亿美元 年度2023年 总成交额62.27亿美元 年度2024年 总成交额58亿美元 拍卖额50.26亿美元 私洽额12亿美元 ▲ 佳士得2020-2025年全球销售成交数据一览 北京时间昨夜，全球顶级拍卖行佳士得正式发布了2025年度全球业绩报告。在这个艺术品市场普遍弥漫着观望情绪的时刻，这家拥有近260年历史的拍卖 行交出了一份颇具"韧性"的成绩单：全球成交总额62亿美元，同比增长6%。 超越58亿美元的去年总成交额固然亮眼，但更值得解读的，是数据背后暗藏的结构性变化与市场情绪转折。作为艺术品市场的核心风向标，佳士得的年 报，正为我们揭开一幅后波动时代艺术市场的真实图景。 01 ｜信心修复 一个"前稳后扬"的转折故事 如果只看全年6%的温和增长，可能低估了市场的内在活力。年报中最具戏剧性的数据是"下半年度成交额跃升26%"。 ▲ 佳士得行政总裁贝邦妮（Bonnie Brennan）精准捕捉了这一市场情绪的转折："上半年度坚实稳健，下半年度更显锋芒。" 这或许与全球宏观经济的微妙变 化同步：上半年，高净值藏家 ...

Core Viewpoint - The "2025 Hangzhou Art Season" has opened, featuring an auction of the Chinese master Huang Binhong's artwork "A Lifetime of Travel and Poetry Album," with a market valuation between 8 million and 12 million RMB [1][4]. Group 1: Event Overview - The "2025 Hangzhou Art Season" includes four main thematic sections: exhibitions, auctions, art exchanges, and lectures [1]. - The auction will feature Huang Binhong's work, which is currently valued at 8 million to 12 million RMB [1]. Group 2: Artist Background - Huang Binhong, born in 1865 in Zhejiang Jinhua, is known for his landscape paintings and was influenced by the Xin'an painting school [2]. - His artistic style evolved over time, emphasizing cultural cultivation and the spirit of the scholar-official [2]. - The artwork "A Lifetime of Travel and Poetry Album" was created in 1946 and serves as a visual autobiography [2]. Group 3: Artwork Details - The "A Lifetime of Travel and Poetry Album" was a gift from Huang Binhong to his daughter on her birthday and has been kept within the Huang family [4]. - The artwork is part of a broader exhibition celebrating Huang Binhong's 160th birthday, alongside other exhibitions commemorating significant figures in Chinese art [4].

原预计于12月16日晚，在保利拍卖二十周年秋季庆典拍卖会"中国书画夜场"进行拍卖的郭沫若书法手卷《蜀道奇》，目前已经无法从北京保利国际拍卖有限 公司（以下简称"保利拍卖"）官网查询到拍卖信息。近日，郭沫若《蜀道奇》手卷拍卖陷入权属争议，根据保利拍卖最新回应，公司高度重视郭庶英（郭沫 若女儿）的诉求，一直与其保持积极沟通。针对该拍品所属权的纠纷，愿意积极配合调查。 尽管这次拍品争议暂无定论，但此次事件也再次暴露出拍卖行业重"程序免责"轻"实质审查"的惯性。解决拍卖行业的症结非单一措施可达成，需要拍卖公司 主动提升风控、行业完善标准、法律明晰责任、技术赋能溯源，各方协同推动行业从"程序合规"转向"实质可信"。 同时，保利拍卖官网将12月14日发布的有关郭沫若《蜀道奇》手卷拍卖争议声明（以下简称"拍卖争议声明"）进行了置顶。 在拍卖争议声明中，保利拍卖表示，经核查，郭沫若《蜀道奇》手卷的委托方申请上拍时确持有该动产，并存有以合理市场价格购入作品的转账记录和购买 协议，保利拍卖对该拍品的征集、上拍流程均符合拍卖法规定。同时，公司高度重视郭庶英（郭沫若女儿）的诉求，一直与其保持积极沟通。针对该拍品所 属权的纠纷，愿意积 ...

Core Viewpoint - The second phase of the Poly Auction's 20th anniversary autumn auction is set to showcase significant artworks, following a successful first phase that achieved a total transaction value of 480 million yuan, boosting market confidence [1] Group 1: Auction Performance - The first phase of the auction concluded successfully with a total transaction value of 480 million yuan, highlighting strong market interest [1] - Notable items included natural jadeite jewelry, a Qing Dynasty Kangxi period twelve-month flower god cup, and works by Zhu Dequn, which contributed to the positive market sentiment [1] Group 2: Upcoming Auction Details - The second phase pre-exhibition commenced on December 13 at the New Poly Building, with the auction scheduled from December 16 to 18 at the Asia Hotel [1] - This phase will feature four main categories: Chinese paintings and calligraphy, ancient paintings and calligraphy (including rare books), vintage wines, and letters from world celebrities [1] Group 3: Featured Artists and Works - The Chinese paintings and calligraphy section will include five specialized sessions, showcasing masterpieces from renowned artists such as Fu Baoshi and Zhang Daqian [1] - Fu Baoshi's 1958 work "Butterfly Loves Flower: Travel to the Immortal" will be presented again after sixty years, noted for its rarity and academic value [1] - Other significant works by Zhang Daqian, Huang Zhou, and Wu Guanzhong will also be featured, marking a grand finale for the year-end art market [1]

Core Viewpoint - The article discusses how Xiaohongshu aims to create a new art market that differs from traditional auction houses like Sotheby's, focusing on the integration of social media and direct artist-collector interactions [2][10][29]. Group 1: Traditional Art Market Success - Sotheby's achieved a record-breaking auction with a painting sold for $236.4 million, marking the highest price ever for a contemporary artwork [2][5]. - The auction's success was attributed to a well-planned and expensive marketing strategy, which included significant renovations to their headquarters [5][7]. - Despite Sotheby's success, the overall art market is experiencing a downturn, with a 33.5% decline in global auction sales in 2024, the lowest since 2009 [8][10]. Group 2: Emerging Online Art Ecosystem - The decline in high-end art sales has led to a rise in lower-priced artworks, with over 50% of art sales below $607, indicating a shift towards more accessible art [14][10]. - Social media platforms, particularly Xiaohongshu, are reshaping art buying habits, with 51% of high-net-worth collectors purchasing art through Instagram [14][15]. - Xiaohongshu has initiated programs to support young artists, including online graduation exhibitions and a dedicated plan for promoting emerging talents [15][29]. Group 3: Direct Artist-Collector Interaction - Xiaohongshu allows artists to interact directly with collectors, breaking the traditional pyramid structure of the art market, which often limits access to a select few [25][28]. - The platform has seen rapid growth in art-related content, with established artists now actively engaging with audiences through Q&A sessions and sharing their creative processes [26][28]. - The online art ecosystem on Xiaohongshu is becoming a self-sustaining commercial model, with successful live-streaming sales generating significant revenue [29][30]. Group 4: Future of Art Consumption - The article suggests that as online platforms mature, they will facilitate a more transparent pricing environment, impacting traditional art pricing structures [39][38]. - There is optimism about the potential for increased art consumption as more people become aware of the unique appeal of art through online channels [38][39]. - Xiaohongshu's initiatives are seen as a precursor to a broader transformation in the art market, driven by the demand for accessible and diverse artistic expressions [39][40].

Core Viewpoint - The company reported a significant increase in revenue and profit for the six months ending September 30, 2025, driven by growth in art auction and sales, as well as gold-related business [1] Financial Performance - Revenue reached HKD 76.474 million, representing a year-on-year increase of 139.8% [1] - Profit attributable to owners was HKD 427,000, with basic earnings per share of HKD 0.09 [1] Revenue Breakdown - Revenue from art auction and related businesses increased by approximately HKD 38.8 million, compared to HKD 29.5 million for the six months ending September 30, 2024 [1] - Revenue from art sales rose by about HKD 37.5 million, up from HKD 2.4 million for the same period last year [1] - Revenue from gold and gold-related businesses increased by HKD 200,000, whereas there was no revenue recorded for the same period last year [1]