DIPFundation will help shaping China to be a powerful national in Art -1

How rich are Chinese people?

Let’s say in this way: They can buy the whole world.

A few days ago, the founder of TRX with a market value of 17 billion RMB, Yuchen Sun, spent 30 million RMB to have a lunch with Buffett. This 90s born youngster hits the headlines around the globe. According to the report issued by the Research Institute of Wealth Quality in Beijing: Up to 2019, there are more than six million multimillionaires and a quarter million megamillionaires in China, which is the largest wealth group in a single region. In the other word, there is a multimillionaire among 250 people and a megamillionaire among 1000 people.

In the book <Hot Japanese Land> written by a famous Japanese journalist, it reveals the phenomena of ‘crazy’ purchasing of Japanese properties. It is believed that Hokkaido is a good residential place, with beautiful landscape. There is a Chinese group of property investors who even planned to acquire 70% properties of in Hokkaido.

People get wealthy along with the economical booming of their country. Such a great thing.

In 2017, the world record breaking deal of 0.45 billion US dollars was made for sale of ‘Salvator Mundi’ by Leonardo da Vinci. The mysterious buyer who comes from China dominated this epic asset movement in Art industry. It attracted a lots of attention from the whole globe and his/her identity is still unknown.

This 500 years’ old artwork used to belong to a member of Britain’s royal family. Many Chinese collectors participates the auction which shows the growing importance of Asian consortiums in art market. It is not just a matter of mega million sales, but also it indicates that China, as a new powerful nation in art, is influencing more and more in this area and its participators internationally, such as artists, auction companies and collector.

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