For ordinary people, art is a luxury, far away from their own lives. Pen Fun Pavilion wWw. ｂiquge。 infoEven Li Xiaolei doesn't pay attention to these things, and she doesn't know anything about the art tax storm that is happening, and she is even suspicious.

In fact, the female gallery owner is not alarmist.

The ongoing art tax audit is like a bombshell, and its depth and scope are beyond many people's expectations. Only practitioners in the art world feel the impact of this on the future art market, and believe that this is likely to be the beginning of a new round of reshuffle in the art market.

The impact is mainly reflected in three aspects: first, it directly affects the danger of leaving several major art institutions, and the amount of money operated by these institutions in the art market exceeds 1 billion yuan; second, the tax problem will seriously affect the circulation of art in the Mainland, Hong Kong and abroad, and the high tax will make them have to re-examine the market risk;

Third, the tax problem has made the entire art circle aware of danger, making tax evasion artists and institutions panic all day long, and have to cautiously intervene in the market.

picked out three calligraphy and paintings, and left people to eat, Li Xiaolei kept sending Chen Yulin downstairs.

Sending off the guests and returning upstairs, until dinner, they were incredulous that Chen Yulin's gallery was about to close, holding chopsticks and asking: "Husband, the tax inspection storm, even the vice president of the Agricultural Bank of China was arrested, is it really fake?"

"It shouldn't be fake. ”

"You know?"

"I've heard about some. ”

It's not a secret, it's just that people outside the circle don't care about it, Han Bo simply put down the dishes and chopsticks and explained: "You can't believe it, the art market is in chaos like this, because there are three big dealers making waves in the market." One of them you should have heard of and should be impressed. ”

"Who?" asked Li Xiaolei curiously.

Huang Yaohui is a Beijing-based real estate developer, but neither his real estate projects nor his 2008-2010 ranking of China's most influential buyers by the art magazine NOART are as famous as the paintings that bring him fame. ”

Last year, I participated in an auction and studied how a work could be hyped up to sky-high prices.

Li Xiaolei suddenly remembered, and couldn't help blurting out: ""Pillar Inscription"!"

In June 2010, Huang Tingjian's calligraphy work "Pillar Inscription" of the Northern Song Dynasty was sold at the night auction of the Beijing-Jinglibao Spring Auction, with a hammer price of 390 million yuan, and the total price reached 436.8 million yuan including commissions! ”

Han Bo paused and continued: "The transaction of "Pillar Inscription" has made Yingtang Company a well-known art investment institution in the industry. Subsequently, Yaying Company cooperated with three trust companies to issue trust products.

Among them, Lingji Trust issued the 'Yingtang Art Income Right Collective Fund Trust Plan', and the announcement shows that the trust plan uses the "Pillar Inscription" provided by Bei-Jingyingtang as collateral to raise 450 million yuan, of which 300 million yuan is the priority and 150 million yuan is inferior;

SDIC Trust issued the 'SDIC Feilong Art Fund No. 9 Accumulative Capital Trust Plan', raising 150 million yuan for the transfer of the right to benefit from the artwork owned by Beijing-Jingyingtang; last year, Beijing-Jingyingtang cooperated with Beijing-Beijing Trust to set up the "Shengshi Treasure No. 1 Art Accumulative Fund Trust Plan", which plans to raise 400 million yuan. ”

This is what her husband said last year about the financialization of art, Li Xiaolei understood it like an empowerment, and exclaimed: "Use art to make money, and cooperate with these big trust companies!"

"The state strictly controls the real estate industry, and as a result, all these funds flow into real estate. ”

Han Bo nodded slightly, picked up his chopsticks and said, "Even if this "Pillar Inscription" is Huang Tingjian's authentic work, whether its value is worth 1.652 billion is worth two questions. In fact, its value has been questionable, and in 2006 the previous collector of the calligraphy proposed to sell it for 40 million yuan, but it was not sold. Later, it was auctioned at a sky-high price of 436.8 million, and I knew that it was probably a fake auction with my toes.

In addition, whether artworks worth more than 100 million yuan can be circulated and realized in a timely manner during the repayment period is also a problem. It is conceivable that Huang Yaohui's investigation is just the beginning, and it will definitely affect the payment of nearly 2 billion trust funds. As for the investigation of the vice president of the Agricultural Bank of China, it should involve other issues related to Huang Yaohui. ”

"Chen Yulin said that the vice president of Shengmin Bank was also arrested!"

"It is normal for Zhang Juxin to be investigated, because he is one of the three big dealers just mentioned, and it can be said that he started the domestic art wealth management products. ”

Compared to these predators, the hype of the painter who drowned last year is really not worth mentioning.

What's even more unbelievable is that they not only have backgrounds but even high-level executives of financial institutions, Li Xiaolei couldn't help asking: "How did he get it?"

"One of the earliest art wealth management products in China was the 'Extraordinary Financial Art Investment Plan No. 1' launched by Shengmin Bank in June 2007. By the deadline of July 20, 2009, the financial plan achieved an annualized rate of return of 12.75%, an absolute rate of return of 25.5%, and also experienced the financial crisis in 2008, which laid the cornerstone of the art trust. ”

"Where does the absolute return of up to 25% come from?" As the former chairman of Nangang City Commercial Bank, Li Xiaolei is very interested in this.

"You don't know that there are many gray areas in art investment that have not yet been regulated, and these predators who are making waves control auction companies and art investment funds at the same time, which is the most 'out of the thousand' condition. For example, the artwork obtained at a low price is auctioned at a high price to the investment consultant, and the investment consultant mortgages it to the trust company at the auction price, and then goes to the auction house to take over the funds after the funds are raised. ”

Han Bo paused, and added: "So there are not only intermediate auction companies involved in tax evasion, but also sellers who have obtained huge profits and exited. Either don't check, check one accurately. ”

"It seems that there are many trust companies that have launched these products, and none of them can be avoided this time?"

"It's impossible to check one by one, as long as it's suspected of violating laws and regulations, you can't hide it. ”

Thinking of the investigation and punishment plan he participated in formulating, Han Bo sighed lightly: "In fact, the investment banking department of those trust companies never wants to try to eat crabs, but when others have the so-called 'product innovation', the leaders will ask to imitate it quickly, and the product line must ensure that others have it." Blindly follow the trend, do not study laws and regulations, and do not study the market.

Of course, investors who may lose money as a result are also problematic themselves. Art investment requires strong professionalism and long-term precipitation, and there are many regulatory loopholes in the auction, transportation and storage processes in between. In addition, trust companies are incomplete in terms of product information disclosure, but they turn a blind eye and do not consider the huge risks of art trusts. ”

Financial innovation, create this!

The more Li Xiaolei thought about it, the more worried she became, and suddenly stood up: "You eat first, I'll call Mr. Jiang." ”

"Mr. Jiang" is the chairman of the Nangang City Commercial Bank, not only in charge of the city commercial bank, but also has a huge influence on Sigang Trust. As the first chairman of the city commercial bank, Li Xiaolei was obviously worried about what would happen to them in their blind pursuit of profits, and wanted to call to ask and remind.

The art trust is very far away from the common people, and it is also far away from the Sigang trust.

Han Bo knew very well that the trust company in his hometown was not involved, so he smiled casually: "Go and fight, I'll clean up here." ”