Chinese painting and calligraphy, palace porcelain jade, antique treasures, national stone and carving, Yixing clay and tea, jewelry, contemporary art ... ... From 31stto June 4th, 2017, Council International 2017 Spring Auction took place in Beijing. This is also the first spring auction after Council International became part of the listed company Hiteker.

With invitation from Hiteker, nearly 40 professional investors from more than 20 institutions participated in the “Hiteker 2017 Art Tasting “event. Chairman of Council International Dong Guoqiang and Vice President of Council International Tang Lili introduced the development strategy of Council International in the future and shared their insights of the art market development with all the institutional investors at scene. 

Council International Vice President Tang Lili firstly introduced the spring auction event, for instance the basic knowledge of connoisseurship of arts; then she introduced in detail the procedures of delivering and bidding in actions and communicated with all institutional investors at scene about specific issues such as art pledging and art investment. Tang Lili said, listed companies attach great importance to the art and culture market and give a clearer direction of its development. Council International will rely on Hiteker’s diversified resources and make a comprehensive optimization and upgrading in brand promotion, business development, marketing, art investment, the public art market and other aspects. 

In addition, Chairman Dong Guoqing introduced the future development plan of Council International: Council international will become headquarter and establish three branches including Beijing Council International, Hong Kong Council International and Shanghai Council International. Due to the international resources and the high profit margins of Hong Kong market, Council International will increase its auction business in Hong Kong. The scale of the autumn auction this year will be larger than previous years. Apart from that, Council International will expand its business in Shanghai and is planning to have its first autumn auction event in Shanghai this year. 

Meanwhile, Dong Guoqiang expressed his optimistic attitude toward Artwork market. He indicated that most wealthy people in Taiwan, America, Europe, Japan and Korea are enthusiastic about collecting art by auction, however 90% of wealthy people in China are not. In America and Europe, Artwork collections occupy 20% to 30% of these wealthy people’s total assets, and this is only an average ratio which is still much higher than in China. In addition, large-size enterprises usually own art galleries which are also rarely seenin China. Dong Guoqiang explained that some developed cities in China attach great importance to Artwork consumption which ushers the development of Artwork industry in the future and more spaces for development in Artwork industry are yet to be discovered, so he is full of confidence in the long-term performance and promising future of Artwork market. 

Dong Guoqiang said that information gap will be the ultimate obstacle for the development of Artwork market as most people naturally believe that it has a high market entrance standard. So Council can provide customers with professional services and indispensable information for the Artwork market. 

There were more than 2800 fine works distributed into 23 single track sessions on 2017 Council Spring Auction. After the session, institution investors had the opportunity to appreciate these precious works on exhibition. They marveled at Council’s powerful capability for collecting these amazing artworks and showed their confidence for the development of Council in the future.