China's Economy Is Not Collapsing, Their Art Market Outlook Is Fine.

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China's Economy Is Not Collapsing, Their Art Market Outlook Is Fine.
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Despite a nearly endless number of news reports predicting the collapse of China's economy, I just don't see it happening. China is our partner and ally, we should stop treating them as adversaries.
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An antique and art news channel for antique collectors and dealers. We also look at the history of objects, how to identify and date objects and how they were made.
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Is Bidamount.com popular?
Yes, Bidamount.com is a popular website among collectors, dealers, and enthusiasts of Chinese art and antiques. The website has been featured in major media outlets, such as The New York Times, CNN, and Forbes, among others. It also has a large following on social media platforms, such as Facebook and Instagram, where it shares news and updates on the Chinese art market and highlights interesting pieces and auction results.
In addition, Bidamount.com has a strong reputation within the Chinese art and antiques community, and is frequently recommended as a valuable resource for information and resources related to Chinese art and antiques. Its founder, Peter Combs, is a well-respected expert in the field, with over 20 years of experience and a deep knowledge of Chinese art and porcelain.
WHO: This channel is owned by Peter Combs of Gloucester Massachusetts, with over 40 years as a collector, dealer, appraiser, and antique auctioneer Peter has bought, sold and auctioned objects across a broad spectrum including of course Chinese and Asian Art, as well as fine American and European antiques, paintings, decorative accessories, folk art.
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About this channel.
Regular weekly and bi-weekly videos from Peter Combs and Bidamount about Asian art and the antique auction market. With an emphasis on fine art, auction news, and art news from numerous auction houses and online auction venues.
These videos focus extensively on the Chinese art market and the Japanese art market. Other videos cover the topics of understanding and identifying authentic Chinese porcelain, and Chinese bronze as well as information about the history of Chinese and Asian art. Visit Bidamount.com to learn more, join the ASIAN ART Forum and take advantage of the reference library filled with hundreds of auction catalogs and reference books on Fine Art, current art value by category, and links to museum collections.
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8 сен 2024

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Комментарии : 45

@zp3932 7 месяцев назад

Definitely not on its peak, so take your own risk.

@Mingbaakmei 7 месяцев назад

Peter, stick with what you know and stay off what you do not know. 60 years in HK and there now and I can tell you things are not great. Yes the Chinese population save and their savings are large, BUT over the last 10 years they have also gambled on real estate and those prices have collapsed, not just in China, but also in HK where prices are off 30% and likely to drop a further 10% this year! The Chinese provincial banks are in dire straits because of the real estate bust and the five major banks have been called in to prevent the smaller banks collapse; whilst these major banks have been given enormous funding by Beijing with which to address the situation. With Evergrande now in liquidation how China handles the situation, almost All Evergrande's assets are in China, will decide China's financial future for years to come. It cannot afford to lose the trust of foreign investors. Not only Chinese banks, but also the two major non-Chinese banks in HK, are having problems with recovering overseas Chinese debts, resulting in the tightening up of money moving out of China. Will the antiques market be affected? Almost certainly! When and by how much - Who knows?

@frankyeo8931 6 месяцев назад

Morgan no worries , you are the know all.

@JW-vo9fi 7 месяцев назад

The fact is that the high end Chinese art market has already been rattled since the second half of last year. 50% of the lots from the Marchant’s sale of the imperial Wanli porcelains were passed. Joseph Lau sold his collections to deal with his Evergrande-related debts and the starting prices of many lots in the sale were adjusted lower right before the beginning of the auction. There were a series of Chinese art auctions at Sotheby’s in last November and December and many lots were also unsold, while many items were sold close or even below their low estimates

@mikeharrington5593 7 месяцев назад

Peter you are an expert on Asian art & ceramics - not the Chinese economy, which really is collapsing. Nevertheless Chinese people still have to invest somewhere whilst their stock exchange today has fallen to 2008 levels, real estate has collapsed by 30%, and manufacturing/exports has crashed to levels of 10 years ago. So the question really is "have prices in the Chinese art market been affected yet?" and please post a video when there is a noticeable slump in auction prices, due to Chinese bidders staying away. There is a very informative RU-vid channel "History of Everything" which has posted 2 recent videos on the state of China's economy, & its real estate (tofu dreg) problems. Highly recommended for the uninformed.

@petecabrina 7 месяцев назад

My understanding is wealthy Chinese people will continue to buy antiques and art because it is the safest place to put their money during an economic turn around. We are potentially looking at another 2008 type crisis, not in China but the west as well, all the money printing, debt and rising interest rates, a lot of people during covid investing too much in bubble economies, it is always hard to judge though. The Evergrande saga though is maybe a bit of an indicator of what has taken place in China the last couple of decades, they are worse than the West's greed and short sightedness, all looks like a house of cards honestly.

@ttzx99 7 месяцев назад

Hi Peter, I think you just opened the Pandora's Box with this video - the Chinese government is currently banning negative commenting on its economy online. So people here are using your platform to do just that ! :))

@oltedders 7 месяцев назад

China's economy IS collapsing. China may not be our enemy, but the US is China's enemy. As in any society, the wealthy will always find a way to preserve their lifestyle. High-end art will continue to be bought and sold. If anything, some of the best Chinese art and antiques will probably be coming onto the market this year. A good year for collectors, most likely.

@westenicho 7 месяцев назад

China is not an ally of the US. Xi plainly states as much with the actions of the CCP. The West has finally awakened to the pure bullshit of Chinese communism, unfortunately the people are going to have to cash the check for their garbage ideologies and policies.

@TheJoshGalt 7 месяцев назад

My Chinese stocks are down 90%

@JW-vo9fi 7 месяцев назад

Completely disagree. Chinese art works and the traditional Chinese culture may continue to prevail, but China’s economy is having big problems and their GDP numbers have been fabricated. The big downward trend won’t simply turn around in the foreseeable future

@frankyeo8931 6 месяцев назад

And the 3 Gorges dam and the thousands miles high speed trains were built with fabricated money.

@aoergele 7 месяцев назад

The antiques are sold at a higher price in China than overseas including the US, in fact, about 70% of antiques on the Chinese market make their way of return from overseas due to limited supply of the local markets. Your profits increase severalfold if you can ship them to China. It is still the case in China, so collapse is not happening.

@WondrousThingswithBrianFrench 7 месяцев назад

Lots of Chinese buyers are scammers.... and use the expense of returning an item... as a way to chisel down the price. I have not had a good experience with Chinese buyers. They do not pay any higher prices.

@danieljiang864 7 месяцев назад

One observation during my China trip last November: I wanted to visit Nanjing Museum, but I couldn’t reserve a spot even I tried one week before. Similar thing happened to my friend who visited the Hubei Provincial Museum, he had to book it three days earlier.

@FranssensM 7 месяцев назад

Thanks Peter, my wife is in China right now. Of course she isn’t buying any antiques. China doesn’t allow export of antiques. They believe it’s losing their cultural heritage. Which it is. They have “antique” shops but they’re not genuine antiques. My wife is in Hainan for a month visiting her elderly Mother.

@Veronica-pv3qh 7 месяцев назад

China, japan amd korea dont allow the sale or export of any item over 70 years old. When i shop on ebay if 5he seller has a chinese name and is from china i wont buy the “antique” because it is 99% fake. I buy chinese stuff from america and england mostly.

@user-bn9zf8gv1t 7 месяцев назад

Hi, Peter, I totally agree with you. It is super important to define the relationship between the two giants: competitors, but not enemies. The people in both nations need it this way, and the whole world needs it this way.

@jackkohler1392 7 месяцев назад

China numbers are always questionable, but they give a general idea of things...growth is slowing and the population is in decline. That said, they are still a huge force in both the economic and military sense and we still do an immense amount of trading with them. To say "collapse" would imply something immediate-not the slow decline in their relative position in the total economy of the world as other nations progress more rapidly-which is the much more likely case. And a declining GDP doesnt necessarily mean declining wealth on a per person basis. The current turmoil in the property segment may have people looking to invest elsewhere-including art, and this is especially true of those who would like a portion of their wealth to be easily portable in case they have "personal difficulties" (especially of a governmental nature).

@mikemooney9124 7 месяцев назад

Sorry to disappoint, but, the Chinese economy is doing great… I’m British and living here for 15 years. The property market is in recession and it’s being deliberately pushed in this direction because there’s been too much investment in property here over many years and the government are determined to drive down property prices so that the less wealthy can buy into property. Things are doing just fine here and most of the garbage coming from western media is wishful thinking. They’ve just announced in excess of 5% growth for last year….not many can boast that. Totally agree with Peter from my perspective.

@mikeharrington5593 7 месяцев назад

Hope you can find a trustworthy & financially stable bank in HK/China where your savings will not be siphoned out to pay local government wages, or disappear completely into CCP coffers

@frankyeo8931 6 месяцев назад

@@mikeharrington5593That's no problem. They have a bank in china and it's called the HSBC. Dame as in the UK.

@williamwatterson8711 7 месяцев назад

Sensible as always. Thank you, Peter.

@WondrousThingswithBrianFrench 7 месяцев назад

Thanks Peter!

@alaindeshaies817 7 месяцев назад

You are expert on chinese art, better stay with your expertse than to play economic expert. Listen to Joe Blogs number and may be you will have a better look on chinese economic. Best regards.

@christopherrichards-loubie135 7 месяцев назад

Thank you, Peter!

@bobbytsai7751 7 месяцев назад

Thank you, Peter, for a sensible and balanced view. I will only add one thought: China followed the US lead in 2008 and issued its own massive quantitative easing in order to address the sub-prime crisis/Lehman’s collapse. The result was a massive increase in real estate and equity market values, and quite a bit of that hot money went into the art and antiques markets. Chinese antique porcelain value reached its peak around 2011-2013. We may not see the same height anytime soon, but the claim of the demise of the Chinese antique market is not founded. Take a look at the emergence of small weekly auctions on Chinese social media, they are doing quite well and have attracted a new generation of young Chinese collectors into the world of antique appreciation and collection. The market is still vibrant.