CUI RUZHUO TOPPED HURUN CHINA ART LIST WITH TOTAL TURNOVER OF US$95MN. CUI TOP FOR 8 YEARS RUNNING

ZENG FANZHI, 58, 2^ND WITH US$53MN

ZHOU CHUNYA, 67, 3^RD WITH SALES UP 8% TO US$43MN

ZHANG XIAOGANG, 64, 4^TH WITH SALES UP 10% TO US$33MN

CHEN DANQING, 69, SAW SALES UP THREE-FOLD TO US$30MN, RISING 7 PLACES TO 5^TH

TOTAL TURNOVER OF 100 ARTISTS ON HURUN MOST SUCCESSFUL CHINESE LIVING ARTISTS 2022 WAS US$666MN, AN INCREASE OF 32% OVER LAST YEAR

83 ARTISTS SAW AN INCREASE IN SALES COMPARED TO LAST YEAR. OF THESE, 15 BROKE BACK INTO THE LIST, AND 15 MADE THE LIST FOR THE FIRST TIME. 30 DROPPED OFF THE LIST

6 FEMALE ARTISTS MADE HURUN LIST, 2 LESS THAN LAST YEAR

NUMBER OF ARTISTS AGED 50 OR UNDER UP BY TO 20, THIRD YEAR IN ROW OF GROWTH

BEIJING ART CAPITAL, WITH 54 ARTISTS LIVING THERE, FOLLOWED BY SICHUAN WITH 6 AND JIANGSU WITH 5.

WORLD AUTHORITY ON WEALTH CREATION HURUN RESEARCH INSTITUTE LAUNCHES HURUN CHINA ART LIST 2022

l  Cui Ruzhuo topped the Hurun China Art List for the 8^th year running, this year with a total turnover of his works at public auction amounting to US$95mn, down 22% on the previous year.

l  Zeng Fanzhi, 58, maintaining the 2^nd place with US$53mn. Zeng has made the Hurun China Art List for 15 consecutive years, topping it in 2014.

l  The cut-off for the Top 50 and the Top 100 has been greatly improved compared with the previous two years. To make the Top 50 required US$2.3mn, up 70% from last year, but still only one-third of the peak in 2012. To make the Top 100 required US$850,000, up six-fold from last year, but still less than the peak in 2015. 11 artists saw sales of their works of art break through the CNY 100mn barrier, up 5 on last year.

l  The number of oil painters on the list once again exceeded that of Chinese ink artists. There are 62 oil painters this year, 8 more than last year; 35 Chinese ink artists, 10 less than last year. 5 artists (Huang Jiannan, Zhu Yaokui, Ai Xuan, Liu Guosong and Wang Jieyin) use both traditional Chinese ink and oil painting. In the past ten years, the status of oil painters on the list has risen. In 2013, the number of oil painters and Chinese painters on the list was 32 and 67 respectively.

l  4 sculptors made the list, the same number as last year. Li Zhen, 59, ranked 19^th with a turnover of US$6.3mn, up 14 places from last year, and is the only sculptor in the Top 20. Ju Ming, 84, ranked 47^th with a turnover of US$2.5mn; Gao Yijin, 58, ranked 64^th for the first time with a turnover of US$1.8mn. Only 10 sculptors have been listed on the Hurun China Art List in the past 15 years.

l  The number of artists under the age of 50 has risen for the third consecutive years, up 5 this year to 20, and this year is the most in the past ten years. The youngest is 36-year-old female oil painter Mi Qiaoming, who ranked 88^th with a turnover of US$1mn. 4 entered the Top 30 of the list: Beijing oil painter Huang Yuxing, 47, ranked 9^th with a turnover of US$20.5mn, Liaoning oil painter Jia Aili, 43, ranked 14^th with a turnover of US$11.7mn, Fujian oil painter Wang Guangle, 46, ranked 27^th with a turnover of US$4.6mn, and Beijing oil painter Ouyang Chun, 48, ranked 29^th with a turnover of US$4.4mn.

l  The influence of female artists is expanding. Before 2019, only 2013 had more than five female artists on the list. While from 2020 to 2022, there were more than 5 female artists on the list for three consecutive years.

l  5 are over ninety, two more than last year. The eldest is 102-year-old Shandong Chinese ink painter Sun Qifeng, who ranked 57^th with a turnover of US$1.9mn. Sun Qifeng has been on the list for 11 years. The other four are: 90-year-old Zhu Yaokui, 98-year-old Hunan Chinese painter Huang Yongyu, 90-year-old Anhui Chinese painting and oil painting Liu Guosong and 91-year-old Jiangsu Chinese painter Shen Peng. 

l  The average age is 64 years old, 1 year younger than last year, the third year in a row that the average age has declined. 

l  Beijing has consistently been the city where the most artists on the list were born and reside. This year, the list of artists currently living in Beijing is still ahead of other cities with 54, although 3 less than last year; Sichuan has 3 more than last year to 6, ranked 2^nd; Jiangsu has 2 fewer than last year to 5, ranked 3^rd; The number of people in Shanghai remains unchanged, still 5 people, tied for third with Jiangsu; The USA added 2 to 4, ranking 5^th.

l  In terms of birthplace, 12 were born in Beijing, 1 less than last year; Shanghai rose to second place, with 8; Sichuan increased by 3 to tie it with Shanghai in second place; Jiangsu decreased by 5 compared with last year to 7, tied for fourth with Shandong and Chongqing.

l  Artists Who Have Been on the List for the 10 Consecutive Years: 27 artists have been on the list in the past ten years. They are: Cui Ruzhuo, Zeng Fanzhi, Zhou Chunya, Zhang Xiaogang, Liu Ye, Fan Zeng, Liu Wei, Luo Zhongli, Shang Yang, Huang Yongyu, Fang Lijun, Shi Guoliang, He Jiaying, Jin Shangyi, Ai Xuan, Zhu Ming, Wang Mingming, Ren Zhong, Fang Chuxiong, Jia Youfu, Xu Bing, Tian Liming, Wang Yidong, Lin Yong, Xu Lele, Shen Peng and Fan Yang. 

l  Zhang Daqian, who died in 1983, led the list of the Hurun Best-Selling Chinese Artists, with sales of US$299mn, up 25%, followed by Zhao Wuji, who died in 2013, with sales of 172mn. Four others commanded sales of over US$100mn, including Qi Baishi, who died in 1957, Wu Guanzhong, who died in 2010, Fu BAoshi, who died in 1965 and Chang Yu, who died in 1966.

(9 June 2022, Shanghai) The Hurun Research Institute today launched the Hurun China Art List 2022, a ranking of the Top 100 Chinese artists alive today based on the sales of their works at public auction in the year ending 31 December 2021. This is the fifteenth year of the Hurun China Art List. The report includes the Hurun Best-Selling Chinese Artists 2022, a list of the 100 best-selling artists from China. The lists were compiled from data collected by Artprice, Artron and Artpro.

In 2021, China's art auction turnover was up 43% to US$5.9bn, surpassing the US$5.7bn in the USA, according to Art Market Monitor of Artron.

The total turnover of the 100 artists on the Hurun China Art List 2022 was US$666mn, an increase of 32% over last year. The threshold for the list has risen to US$850,000, six times that of last year. The turnover of 11 artists exceeded CNY 100mn, 5 more than last year. A total of 287 artists have made the Hurun China Art List these 15 years.

Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said: “China officially has over 1,000 dollar billionaires. With sort of money around, expect the art market to continue to gather momentum. The Hurun China Art List is targeted at entrepreneurs and wealth owners, who don’t know where to start with art. I hope this list can be a benchmark to encourage them to collect.”

“The China Top 10 is consolidating in the eyes of collectors. The total turnover of the Hurun Top 10 Artists this year accounted for 56% of the list, compared with 50% five years ago and 45% 10 years ago.”

This is an English language summary of the full Chinese press release which can be found at www.hurun.net. Please note percentage changes of the sales totals is based on a comparison of the Chinese Yuan sales figures of this versus last year. For media inquiries please contact our public relations team whose contact details can be found at the end of this report.

The Top 10

3 new faces this year in the Top 10, of which Huang Jiannan, 70, and Chen Danqing, 69, returned to the Top 10 with an increase of 459% and 310%. The Top 10 artists saw an average increase of 103% in sales. The average age is 69 years old, 5 years older than the average age of the total list, and 4 years older than the average age of the Top 10 last year. There are 8 oil painters in the Top 10, which is the same as last year. 9 live in Beijing and 1 in Sichuan.

Cui Ruzhuo topped the Hurun China Art List once again with a total turnover of US$95mn. He has topped the list for eight consecutive years. Cui Ruzhuo's total turnover in 2021 decreased 22% from the previous year, but it was still nearly 80% higher than the second place turnover.

Zeng Fanzhi, 58, maintaining the 2^nd with US$53mn. Zeng Fanzhi has been listed on the Hurun China Art List for 15 consecutive years, and topped the list in 2014.

The 67-year-old oil painter Zhou Chunya's turnover increased by 8% to US$43mn, maintaining the 3^rd place. Zhou Chunya has been listed on the Hurun China Art List for the 15th consecutive year , and has remained in the Top 5 for five consecutive years.

The 64-year-old oil painter Zhang Xiaogang's turnover increased by 10% to US$33mn ranked 4^th. Zhang Xiaogang has been listed in the Hurun China Art List for fifteen consecutive years, and has remained in the Top 10 for six consecutive years.

The turnover of 69-year-old oil painter Chen Danqing increased by 310% to US$30mn, rising 7 places to 5^th. This year is the highest ranking Chen Danqing has achieved since he first entered the Hurun China Art List in 2008, and it is also the first time that Chen Danqing has entered the Top 10.

Liu Ye, 58, ranked 6^th with US$29mn. Liu Ye has been included in the Hurun China Art List for 15 consecutive years.

Huang Jiannan, 70, ranked 7 with US$28.8mn. Since Huang was first listed on the Hurun China Art List in 2014, he has been on the list for nine consecutive years, seven of which have been in the Top 10.

Zhu Yaokui, 90, ranked 8^th with US$23.4mn. His 2009 work, 'The Source of the Yellow River,' was sold last year by Rong Bao Zhai (Nanjing) for US$9.8mn. This year marks the fourth consecutive year that Zhu has entered the Hurun China Art List. This year is the fourth consecutive year that Zhu entered the Hurun China Art List .

The 47-year-old oil painter Huang Yuxing's turnover increased by 207%, ranked 9^th with US$20.5mn, up five places from last year. A 2019 painting of his was sold at Christie's last year for US$8.2mn. Huang is the youngest artist in the Top 10. This year is the fourth time he has entered the Hurun China Art List and the first time he entered the Top 10.

Chinese ink painter Fan Zeng, 84, ranked 10^th withvUS$18.8mn, down four places from last year. Fan has been listed on Hurun China Art List for 15 years in a row, and topped the list in 2011 and 2012.

Top 10 most expensive works by living artists

Among the Top 10 most expensive works by living artists, 7 are oil paintings and 3 are Chinese ink. Among them,3 Chinese ink were works of Cui Ruzhuo; The 7 oil paintings were by Chen Danqing, Zhang Xiaogang, Liu Ye, Leng Jun, Wang Huaiqing, Zhu Yaokui and Huang Yuxing.

50 artists have been listed on the Hurun China Art List 8 or more times. Among them, 27 artists have been on the list in the past ten years. They are: Cui Ruzhuo, Zeng Fanzhi, Zhou Chunya, Zhang Xiaogang, Liu Ye, Fan Zeng, Liu Wei, Luo Zhongli, Shang Yang, Huang Yongyu, Fang Lijun, Shi Guoliang, He Jiaying, Jin Shangyi, Ai Xuan, Zhu Ming, Wang Mingming, Ren Zhong, Fang Chuxiong, Jia Youfu, Xu Bing, Tian Liming, Wang Yidong, Lin Yong, Xu Lele, Shen Peng and Fan Yang. The other 23 artists who have been on the list 8 of more times are: Chen Danqing, Huang Jiannan, Leng Jun, Wang Huaiqing, Liu Xiaodong, He Duoling, Yue Minjun, Mao Xuhui, Wang Guangyi, Shi Qi, Liu Guosong, Feng Dazhong, Ding Yi, Zhou Yansheng, Yin Zhaoyang, Cai Guoqiang, Yu Youhan, Sun Qifeng, Xue Liang, Mao Yan, Li Jin, Yang Feiyun and Han Meilin.

About ArtPro

Founded in 2019, ArtPro is one of the most important global art market information and data service platforms. We connect about 1 million collectors and we major in three services: ArtPro Data, ArtPro Media and ArtPro Trading.

ArtPro Data includes price databases, artist reports, HD live screaming of global auctions, and more. The data radar covers 1,300 auction houses around the world. The transaction data is from 1983 to the present and the amount is exceeding 23 million. Around 400 thousand artists are included.

ArtPro Media provides global art market information, expert insights and art market analysis reports. The new media section focuses on short video content of artists, art exhibitions, and art knowledge sharing.

ArtPro Trading provides comprehensive and multi-level collection services: original artworks, editions, E-editions and derivatives. The E-editions launched in 2022 are well welcomed by young collectors. ArtPro, your best art investment expert. 

About Hurun Art Foundation

Founded in 2015, Hurun Art Foundation is a media platform which focus on Chinese contemporary art. Depending on the combination of Hurun Report and Hurun China Art List , we provide a full range of promotion channels for contemporary artists, including magazine, website and exhibitions. We have discovered that contemporary artists are the most promising ones among all types of artists in China, in terms of their active thoughts and broad vision. They also are very diligent, and they have great passion about art. We are responsible and feel obliged to build a wider platform, in order to help promote them and their outstanding works. For this purpose, we interviewed Chinese artists who are active in the United States and Switzerland; we signed long-term and strategic cooperation agreement with artists in Beijing, Shanghai, Guangzhou and Chengdu; we keep promoting one or two contemporary artists every month on Hurun Report Magazine by analyzing their works and providing some insights. Our purpose is to help the wealth elites of China to learn more about the value of Chinese contemporary art, thus we connect art and wealth.

About Hurun Inc.

Promoting Entrepreneurship Through Lists and Research

Oxford, Shanghai, Mumbai, Sydney, Paris

Established in the UK in 1999, Hurun is a research, media and investments group, promoting entrepreneurship through its lists and research.  Widely regarded as an opinion-leader in the world of business, Hurun generated 6 billion views on the Hurun brand last year, mainly in China and India.

Best-known today for the Hurun Rich List series, telling the stories of the world’s successful entrepreneurs in China, India and the world, Hurun’s two other key series include the Hurun Start-up series and the Hurun 500 series, a ranking of the world’s most valuable companies.

The Hurun Start-up series begins with the Hurun U30s, an awards recognizing the most successful entrepreneurs under the age of thirty, and is today in seven countries. Next up are Hurun Cheetahs, Chinese and Indian start-ups with a valuation of between US$300mn to US$500mn, most likely to go unicorn with five years.  Hurun Global Gazelles recognize start-ups with a valuation of US$500mn to US$1bn, most likely to go unicorn within three years. The culmination of the start-up series is the Hurun Global Unicorn Index.

Other lists include the Hurun Philanthropy List, ranking the biggest philanthropists, the Hurun Art List, ranking the world’s most successful artists alive today, etc…

Hurun provides research reports co-branded with some of the world’s leading financial insitutions, real estate developers and regional governments.

Hurun hosted high-profile events in the last couple of years across China and India, as well as London, Paris, New York, LA, Sydney, Luxembourg, Istanbul, Dubai and Singapore.

For further information, see www.hurun.net.

For media inquiries, please contact:

Hurun Report

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