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].

Core Viewpoint - The auction of Guo Moruo's calligraphy scroll "Shu Dao Qi" has encountered ownership disputes, leading to its removal from the Poly Auction website, highlighting systemic issues in the auction industry regarding procedural compliance versus substantive review [1][2][9] Group 1: Auction Dispute Details - The auction for Guo Moruo's "Shu Dao Qi" was initially scheduled for December 16 but has been removed from the auction platform due to ownership disputes [1][2] - Poly Auction has stated that the consignor provided evidence of ownership, including transfer records and purchase agreements, and is cooperating with investigations regarding the ownership claims made by Guo Moruo's daughter, Guo Shuying [2][5] - Guo Shuying claims to be the rightful owner of the scroll, which was gifted to her by Guo Moruo in 1961, and has reported its loss to the police [5][6] Group 2: Industry Implications - The incident underscores a broader issue within the auction industry, where there is a tendency to prioritize procedural compliance over substantive verification of ownership [9][10] - Legal experts emphasize the need for auction houses to conduct thorough due diligence to avoid potential liabilities, especially if ownership documents are found to be fraudulent [7][8] - The auction industry is facing increasing scrutiny, with a significant number of art auction disputes reported, indicating a need for improved standards and clearer legal responsibilities [9][10] Group 3: Future Directions - Experts suggest that the auction industry should transition from being mere "transaction intermediaries" to "compliance gatekeepers," emphasizing the importance of clear legal responsibilities and the implementation of technology such as blockchain for tracking ownership [10] - The regulatory focus is shifting towards proactive measures and real-time oversight, necessitating collaboration among stakeholders to enhance risk management and establish credible standards in the auction process [10]

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]