Tian Huang is now at the bottom of the trough collection

In recent years, Tian Huang can be said to be a hot spot in the domestic art market. Not only is the market trending against the trend, but many fine products are also concentrated in this period. The words “one or two Tian Huang Wan two gold”, “hard currency in the market” and “Tian Huang era” are all descriptions of Tian Huang’s image. However, is Tian Huang in our eyes entering the trend of the collection era? Or is it just a speculation of earning money and capital?

Warm and greasy, beautiful color, radish and faint, especially good, Tian Huang can be said to be natural and beautiful. As the only place in the world, the Shoushan River Basin in Fujian Province , Tian Huang was known as the “Emperor of the Stone” since he was discovered . During the Ming and Qing Dynasties, it was regarded as a tribute to the Imperial Palace and carved into a seal. , ornaments, etc. In particular, the Emperor Qianlong was extremely fond of collecting Tian Huang, and as a result, Tian Huang was on the political stage. According to historical records, the governor of Fujian Province in Qing Dynasty carved a "three-chain chapter" with a whole piece of fine field yellow, and the Emperor Qianlong was regarded as the treasure, and the Qing Dynasty was passed down from generation to generation.


In the mid-to-late 1990s, Tian Huang appeared in various auction venues across the country. But its price really soared in 2004. By the end of 2006, the price of Tianhuang reached the highest level in history, and the fine Tianhuang reached 4,000 yuan per gram. In Sotheby's Hong Kong in the autumn of 2006, the transaction price of “Tianhuang Stone Carving Ruishi Paper Town in the 17th Century Ming Dynasty” was 40,928,800 yuan, ranking first in the auction of Tian Huangshi in the past years. This piece of Tianhuang Paper Town is engraved with the "Jade Spin", which is the masterpiece of the master carving artist Yang Yuxi in the late Ming and early Qing dynasties. In 2008, Tian Huangfeng, the 257 gram of one party, shot 4.23 million yuan, equivalent to 16,000 yuan per gram. Since then, the price of fine Tianhuang has hovered around 20,000 yuan to 50,000 yuan per gram. In 2011, Beijing Poly Spring Auction, “Qing Kangxi Zhou Shangjun System Wu Guozhen and his wife used the Tianhuang Seal” for 25.3 million yuan; in May 2014, Beijing Poly Spring Auction, a Wu Changshuo carved Tian Huangshi seal sold for 13.8 million yuan. All in all, as long as the quality is superior, Tian Huang seems to always be able to shoot high prices.

Li Yushan, the brand director of Fujian Jizhen Cultural Industry Alliance, believes that this is the demand to guide the market. “Not only Tianhuang’s special collections are gradually emerging, but many collectors in other categories are also paying attention to it. The total amount of Tianhuang appearing in the auction market every year is very rare, and there is less and less circulation in the primary market. The total amount of Tian Huang has continued to shrink, but the demand for people has been growing, and the price increase has become inevitable."

For this reason, auction companies such as Fujian Southeast, Beijing Poly, China Guardian, and Xiqiao Institution have increased their efforts to collect Tian Huang in recent years. On October 25th, 2014, the southeast of Fujian Province held the "Shi Di Tianjiao - Tian Huang Treasures Special". For the original intention of holding Tian Huangshi in a row, Li Yushan admits that Tian Huang is a special collection and has a high threshold. First of all, it is the cultural asset with the least resources. In the 2013 special auction of printed stone, the total amount of Tianhuang did not exceed 10 kg, but the total annual turnover was as high as 226 million yuan. Secondly, its cultural status is at the top of the pyramid. Painting and calligraphy is a big item of collection, but it is the seal that can add a finishing touch to the collection of paintings and calligraphy. Many collectors may have collected a lot of beautiful paintings, but the quality seals are not necessarily there.

With the increase in the cognitive value of Tian Huang, coupled with the scarcity of fine products, overseas Tian Huang has also begun to reflow. Whether it is an auction company, an organization or an individual, it attaches great importance to overseas retreat. Liang Yifan, curator of the "Yifangshan" Art Museum and the executive director of the Fushan Shoushan Stone Industry Association, said: "The circle of playing Tian Huang is actually very small. Although not all Tianhuang is a high price, when the resources are scarce, the works are returned. There are still some guarantees, but they are more favored."

At present, “Ek is worthy of price” is a relatively convenient way to measure the value of Tianhuang. However, specific collections of different collections require comprehensive considerations such as the material, integrity, aesthetic value, and historical human value of the collection. Li Yushan introduced the example of "Tian Huangshi Han Zhong from the figure" carved by Zhou Shangjun in the autumn of Fujian Province. From the material point of view, this Tian Huang can be frozen, very precious, and the carving is very beautiful. It is a typical Qing. The early Shoushan stone carving style combines various carving techniques such as jade carving and wood carving at that time. It is a representative work of the author, and Zhou Shangjun is a special person. It is one of the two founding ancestors of Shoushan stone carving. It is also the history of Shoushan stone carving and Yang Yuxi. In this way, the important works of Zhou Shangjun have a special commemorative significance for the Shoushan stone industry, and its humanistic value and historical value can be reflected.

But if you don't understand the value of Tian Huang, you can't understand why Tibetans are so obsessed with Tian Huang. There has always been a story about the purchase of Tibetans by institutions or collectors. For example, in 1985, Rong Baozhai bought a 4275-gram Datianhuang at the price of 135,000 yuan. At that time, there were no banknotes of 50 yuan and 100 yuan in China, and 135,000 yuan was already the two major travel bags. The huge amount of money has been installed. Since then, this treasure has become one of the most dazzling precious collections of Rong Baozhai. In addition, the 2006 Hong Kong Sotheby's Autumn Auction, which was sold at 40.928 million yuan in the Ming Dynasty, was auctioned by the famous Chinese collector Cao Xingcheng, with an average of 200,000 yuan per gram. It can be seen that there are many people in Ai Tian Huangshi.

Judging from the market performance in recent years, the price of Tian Huang has risen from "one or two Tian Huang and two gold" to "one or two Tian Huang Wan two gold." Some people say that "current investment, preferred Tian Huang." So, Tian Huang really has such a big charm? In this regard, Li Yushan explained that in terms of the current market environment, investing in Tian Huang does have a great advantage. "One is that Tian Huang is a resource-based collection, and things are rare, which is the same reason; the second is that Tian Huang can achieve material fidelity, and the Southeast auction team began to promise fidelity ten years ago; Third, the market system is perfect, the primary market and the auction market are convenient to flow; the fourth is that it is indeed a good time, there are fine products, the market is more rational, and the price is stable.” He suggested that investors should be based on the material. From the aesthetic and historical humanities considerations, after all, the authenticity of Tian Huangshi is the basis of its value. "If you invest in the long-term, five or more years, look at the quality and then look at the price. As long as you can meet the fine products, it is an opportunity. If you trade frequently, you should consider the cost and the timing is not fixed."

However, Tian Huang was pushed to a high position, and even more said that while Shoushan Stone became a hard currency, Tian Huang also undoubtedly became a successor. These arguments made the industry question the speculation. Liang Yifan said frankly,

"The real Tian Huang is actually no speculation. Many collectors will analyze it by themselves, and then buy Tian Huang from a guaranteed institution or auction house. And the real collection of Tian Huang is basically a professional and even expert player. Li Yushan also said, "Whether the domestic art market is in a downturn or a hot one, Tian Huang in each period has created incredible sky-high prices. Are they all speculation? Certainly not."

With the continuous expansion of the transaction scale, the term “Tianhuang Times” has become the image of Tian Huang in the market, which was particularly concentrated in 2012 and 2013. Some media have repeatedly used the "Tianhuang era" to outline the current Tian Huang and the future map.

Is it true that Tian Huang in their eyes is entering the trend of the times? Or is it just to earn a gimmick? Li Yushan gave a detailed explanation of this: "Tian Huang is a hot spot in the domestic art market in the past two years. The market is not only against the trend, but many fine products are also concentrated in this period. However, it should be pointed out that from From the beginning of the autumn shoot in 2009 to 2011, the domestic art market has a two-and-a-half-year bull market, and all collections have a good market performance, but this stage is not prominent, until the market tends to be rational, market After the fall, Tian Huang’s steady performance came to the fore, so the 'Tianhuang era' was just the process of discovering and returning the value of the hotspot rotation.”

As the saying goes, something of value is definitely something that is counterfeit, and Tian Huang can't avoid it. One of the most common methods of counterfeiting on the market is the use of chlorite dyeing, and in the primary market, there is also the case of Changhua Huang from Zhejiang and Jintian Huang from Indonesia. Changhua Huang is the Changhua excavation discovered in previous years. Because the production area is halfway up the mountain, it is called “mountain yellow” in order to distinguish it from the yellow produced in the Shoushan paddy field. It belongs to the Indian stone category. . Li Yushan said that the high-quality Changhua Yellow has a collection value, but Jintian Huang is completely confused with the concept, which can be distinguished from shape, color, stone skin, radish silk, red ribs, texture and feel.

He also told collectors and investors that choosing a mature collection is undoubtedly very crucial. “Does the culture carried by the category originate or graft? Is the industry a small circle or a perfect market system? The Yellow Collection, hundreds of years of literati, has been devoted to blood and emotion. Through this carrier, a variety of artistic expressions such as engraving, round carving, and thin meaning have been derived. These are the foundations of a collection of categories, which have to be accumulated slowly by time."

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