Core Insights - The Chinese auction market for cultural relics and artworks is experiencing a significant downturn, with total auction hammer prices dropping to 18.354 billion yuan in 2024, a decrease of 35.38% year-on-year [2] - The market is undergoing a structural adjustment, with online auctions becoming more normalized and accounting for 9.27% of the total auction revenue [4][5] Auction Performance - The total number of auction transactions in 2024 was 307,100, reflecting a 10.35% decrease from the previous year [2] - The average price of auctioned items fell from 82,900 yuan to 59,800 yuan [4] Online Auction Trends - Pure online auctions featured 385,091 items, with 144,049 items sold, indicating a growing trend towards online platforms [5] - Items sold for under 100,000 yuan accounted for 90.28% of total transactions, marking a 0.5 percentage point increase [4] Category Adjustments - Significant declines were noted in categories such as philately and contemporary art, with hammer prices dropping over 50% [6] - The only category to show growth was porcelain and miscellaneous items, which increased by 1.10% [6] High-Value Items - The number of items sold for over 10 million yuan decreased to 92, down from 227 the previous year [8] Market Share Dynamics - The Beijing auction market's share fell to 58.33%, a decrease of 9.61 percentage points, while Shanghai, Hangzhou, and Guangzhou saw increases in their market shares [10] Revenue and Profitability - The main business revenue for the auction industry fell to 1.78 billion yuan, down from 2.121 billion yuan, with a profit margin of 3.35% [13] - The top five auction companies accounted for 54.45% of the market share, with a total transaction amount of 5.45 billion yuan [12] Global Positioning - China's auction market for cultural relics and artworks ranked second globally, with a total transaction amount of 27.902 billion yuan, down from 42.757 billion yuan [15] International Market Performance - The overseas auction market for Chinese cultural relics and artworks generated 7.026 billion yuan, a decline of 31.56% year-on-year, marking the lowest since 2010 [17] - Porcelain and miscellaneous items accounted for 51.39% of the total overseas transaction amount [19]

Core Insights - The Shanghai International Import Expo (CIIE) has established a dedicated section for cultural relics and artworks, which has been held for five consecutive years since its inception in 2021, resulting in a total of 190 items sold and a transaction volume of 2.25 billion yuan, highlighting its role as a significant platform for promoting high-quality cultural trade in China [1][2] Group 1 - The cultural relics and artworks section of the CIIE has attracted over 60 cultural institutions from more than 20 countries and regions, including renowned auction houses like Christie's, Sotheby's, and Phillips, facilitating the transformation of artworks from "exhibits" to "commodities" [1] - The section serves as a key vehicle for the implementation of the "five tax exemptions" policy, leveraging the cross-border trade facilitation and cultural service innovation mechanisms of the Shanghai Free Trade Zone [1] - The chairman of Shanghai Free Trade Zone International Cultural Investment Development Co., Ltd. stated that institutional innovation and customs facilitation policies are driving more overseas art institutions to explore the Chinese market, positioning Shanghai as an efficient "gateway" for international cultural relics and artworks entering China [1] Group 2 - The "2025 Shanghai Free Trade Zone Cultural Industry Blue Book" was released during the forum, indicating that the value of cultural and artistic goods entering and exiting the Shanghai Free Trade Zone in 2024 is projected to be 7.286 billion yuan, accounting for 73.2% of the total in Shanghai [2]

潘家园街道工委书记陈文刚表示，潘家园作为承载京城文化记忆的重要地标，始终致力于让优秀传统文 化"活"起来、"火"起来。此次活动正是潘家园推动文化产业发展的重要举措，旨在激发地区消费潜力， 提振市场活力，打造集文化传承、艺术鉴赏、消费体验于一体的特色拍卖业态模式。 北京拍卖协会会长姚光锋表示，拍卖行业在文化传承与市场活力连接中具有重要作用。"CITY拍购 季"这一活动主题充分展现了潘家园地区的多元消费体验和潮流属性，与当下拍卖交易的发展态势十分 契合，是文化消费体验上的一大创新。 9月17日，由朝阳区潘家园街道工委、办事处主办，北京拍卖协会等单位支持的"国潮新生·典藏未 来"2025中国·潘家园CITY拍购季活动在北京古玩城正式启动。"北京拍卖协会拍品展示中心003号"在现 场正式揭牌，该展示中心由北京拍卖协会、潘家园街道办事处、中国·潘家园文化产业联盟共建，标志 着潘家园地区在文化艺术品展示交流领域迈出全新的一步。 他提出，拍卖交易要拥抱每个行业，让公开、公平、公正、诚实信用的交易方式深入人心，北京拍卖协 会将与各界合作，共同推动文物艺术品市场的发展，为首都文化产业的繁荣贡献力量。 数据发布环节，北京拍卖协会 ...

Core Viewpoint - The article discusses the tax treatment of cultural relics and artworks purchased by enterprises, emphasizing that these assets are treated as investment assets and cannot be depreciated or amortized for tax deductions during the holding period [5][6]. Group 1: Tax Treatment of Cultural Relics and Artworks - Enterprises can treat purchased cultural relics and artworks as investment assets for tax purposes, but depreciation and amortization expenses during the holding period are not deductible [5][6]. - Upon transfer or disposal of investment assets, the cost of the investment asset is allowed to be deducted [7]. Group 2: Auction Process and Tax Implications - Auction houses, when entrusted to auction cultural relics and artworks, can issue a non-taxable VAT invoice to the buyer for the auction proceeds, which will not be included in the auction house's taxable income [8]. - Auction houses must retain certain documentation for verification, including images of auction items, contracts, confirmation of auction transactions, identification of both parties, and tax-related documents [9]. Group 3: Personal Auction of Cultural Relics and Artworks - Personal auction of cultural relics and artworks falls under the "property transfer income" tax category, allowing taxpayers to deduct the original value of the property when calculating taxable income [11]. - The original value of the property is defined as the price at which the seller acquired the auction item, based on valid documentation [12].