Tapered Roller Bearing,Special Tapered Roller Bearings,Ceramic Tapered Roller Bearings,Stainless Steel Tapered Roller Bearings Shanghai Yi Kai Cheng bearing Co., LTD , https://www.ykchbearing.com
In the era of the Republic of China, there were only specialized collections for classical furniture. From 1949 to 1979, the domestic classical furniture market was stagnant. Between 1979 and 1990, classical furniture from mainland China was mainly exported to Hong Kong, and then further to Europe and the United States, where it found its way into private collections. The development of classical furniture on the mainland truly began in the 1990s. Huanghuali and rosewood furniture became highly sought after, with prices soaring rapidly. Unreasonable auction prices emerged frequently, encouraging investors with idle capital but limited knowledge of antiques to enter the market.
Classical furniture is a relatively new category in the collecting world. The domestic market still needs time to mature and develop. This is not something that can be rushed. Traditional art forms like calligraphy, painting, porcelain, and jade have been cultivated over generations, allowing them to withstand market fluctuations today.
Looking at the recent classical furniture auction market, it's clear that the scene is quite impulsive. Most collectors aim for quick profits—buying one year and selling the next. It's similar to stock trading, with short-term gains being the main goal. In contrast, foreign collectors and antique dealers tend to hold their collections for long periods. For example, in 2012, many pieces of classical furniture returned to the Chinese auction market. Most of these owners had collected for over 20 years before deciding to sell.
Chinese classical furniture collectors who started abroad in the early days have adopted a strategy of filtering their collections as they saw rising prices in mainland China. They focused on keeping only the finest pieces, while selling off common items through domestic auction houses to cash out. This created a surge in demand among local investors, leading to inflated prices and a frenzy that mirrored the habits of foreign collectors in preserving quality.
After this wave of speculation left many domestic collectors frustrated, some decided to take a step back, focus more on research, and deepen their understanding of classical furniture. Collector Lu Mingshi, for instance, commissioned Mr. Wang Shixiang to write an article, invited experts from both inside and outside China to contribute, and published a beautifully designed and meaningful monograph. He then held an exhibition at the Forbidden City before auctioning his collection at Prince Gong’s Mansion.
Collector De Baguette not only became an expert in Chinese classical furniture through self-purchase, research, publishing, exhibitions, and auctions, but also carefully curated his collection in response to the current speculative nature of the Chinese market. Many foreign collectors and dealers have since exited the market, taking large sums of money with them.
It’s evident that whether investing in classical furniture or other forms of art and antiques, domestic investors should focus on long-term strategies rather than short-term speculation. Building genuine appreciation and knowledge is key to sustainable success in this field.