Crazy "mirror" price

6.5 million, this is just the price of a mirror.

This piece of mirror is the most expensive collection at the autumn auction held at the Kunlun Hotel.

"If it was put 10 years ago, it would be 200,000," said Mr. Zhou, an ancient mirror enthusiast. This time, at the Bronze Mirror auction held by the Golden Jubilee International Auction Co., Ltd., a total of 299 items were linked to "Bole".

In recent years, the auction market for autumnal artworks has reached new heights, and the boom in investment auctions is spreading. According to industry estimates, the art auction market in 2010 rose by more than 50%.

Potential Mr. Zhou insists that the price of this mirror will soon exceed 100 million yuan. During the auction, the military officer next to Mr. Zhou has been increasing the price of Mr. Zhou. "Continue to add, this time, I can't buy the mirror and I can't buy it." The military division's market valuation for this mirror is 10 million.

Compared with the porcelain, calligraphy and painting collection market, the old mirror is still relatively low in the initial stage, but the investment boom has gradually emerged. “Now, only people who come in, rarely meet someone going out.” Mr. Zhou’s Military division said.

Feng Yi, a professor at the Graduate School of the Chinese Academy of Social Sciences who is well-known in the circle, was one of the organizers of the auction. In order to prepare for the collection, Feng Yi spent nearly a year, "it is not easy to collect these collections." In the circle, this is considered to be the largest auction of ancient mirrors so far.

Feng Yi hopes that this auction will enhance the status of the ancient mirror collection market and allow more people to understand this industry. He believes that if those investors who are playing porcelain and playing with paintings start to pay attention to ancient mirrors, the price would not have been this grade today.

Regarding the 6.5 million worth of ancient mirrors that have been photographed, Feng Yi commented, “The exquisite craftsmanship that can match it is only those of Dunhuang murals.”

Like all collectibles, people who play ancient mirrors also become a circle. They have regular gatherings, but they not only discuss ancient mirror appreciation and collection information. Before the auction began, the most lively question that Mr. Zhou discussed with his “Mirror Friend” was — “Is inflation going to come?” This is directly related to the price of the mirror in his hand. The consensus reached by them is that when a country’s money is no longer valuable, artworks, especially antiques, become a hard currency. The Tang Dynasty ancient mirror collection of Mr. Zhou’s friend confirms this consensus. This mirror was collected for 170,000 yuan from Japan in July, and it has been auctioned for more than 300,000 yuan.

Crazy collections are even more crazy than the antique bronze mirrors mentioned above. On the day before the autumn auction, Reuters reported that a Chinese antique vase found in the house cleaning in the outskirts of London had taken 43 million in London. The high price of the pound is 40 times higher than the valuation. In addition, the buyer will pay an additional 20% of the processing fee.

A person in charge of the auction house said that at that time, the auction was basically a competition among Chinese people. The auction lasted for half an hour and was eventually bought by a telephone buyer. "But I believe it is a Chinese buyer," said the person in charge.

Apart from the excitement, Mr. Zhou was still sorry for not having a bronze mirror. He felt that the 6.5 million worth of the mirror was better than the vase in terms of age and craftsmanship. However, his psychological price was 4.5 million, although in the end he increased his psychological price by 1 million during the auction, but he still failed to become the owner of the bronze mirror. In the end, Mr. Zhou marked another favorite mirror with a price of 2.5 million.

“Buy two or three ancient mirrors and put them there once in a year or two.” Mr. Zhou’s military division advises young people around him not to buy a house but to invest in antiques. However, his experience is that only 200,000 or more mirrors are worth collecting because the higher the unit price, the higher the room for appreciation.

This year, high premiums have occurred in almost all areas of collection. This trend made the auction house excited first. The higher the price of artwork, the higher the commission they receive. At Christie's New York, auctions for $ 50,000 and below usually require an additional 25% of the fee, $ 50,000 to $ 1 million for an additional 20%, and for more than $ 1 million, an additional 12% is required.

On the day of the bronze mirror auction, more collectors at the Kunlun Hotel were waiting for an auction of ancient numismatic coins on the 13th. A Mr. Wang, who came from Wuhan specifically to sigh, said that more and more people are now playing collectible investments.