Hong Kong’s Fine Art Asia fair organisers have announced that they will launch ‘Guardian Fine Art Asia’ (GFAA), the Beijing edition of the event, in May this year.
The news comes just two months after
TEFAF ruled out their hoped-for Beijing fixture as "not viable
at the current time" largely, it is thought, because dealers
baulked at the costs and red tape involved.
However, Art & Antique International
Fair Ltd (AAIF), founded in 2006 by Hong Kong antique Chinese
furniture dealer Andy Hei, hope to smooth the way for exhibitors by
going into partnership with Chinese auction house Guardian Beijing,
a necessary step if the May 28-June 1 venture is to succeed.
Guardian Fine Art Asia
(GFAA), held in association with the China Beijing International
Fair for Trade in Services (CIFTIS), will be organised by the
Ministry of Commerce of the PRC and the People's Government of
Beijing Municipality, and supported by The World Trade
Mr Hei has run his international art and
antiques fair, now named Fine Art Asia, in Hong Kong since
2006. In 2011 Calvin Hui, an Asian contemporary art collector and
promoter, joined Fine Art Asia as co-chairman and
director and Fine Art Asia 2014 (October 4-7) will be
the tenth edition of the fair.
"It is our honour to co-present
GFAA, an expansion of Fine Art Asia, with
excellent support from art experts and professionals in Beijing,"
said Mr Hui last week.
Although the news was officially embargoed
until this week, Mr Hui broke the news of the Beijing fair on
February 11 at a panel discussion, hosted by Fine Art
Asia at The Fine Art Society in London, on "why it's
crucial to have a presence in the Chinese market".
When questioned as to why he thought
Fine Art Asia could succeed where TEFAF
Beijing, a planned collaboration betweenTEFAF Maastrichtand
Sotheby's Joint Venture in Beijing with GeHua, had so far failed,
Mr Hui said: "Fundamentally, we are the home team."
One of the main obstacles facing Western
dealers attending such an event has been the hefty import and sales
tax placed on goods entering Mainland China.
However, Mr Hui told ATG: "Dealers will ship
their goods to Hong Kong where Fine Art Asia, as the
organiser of GFAA, will consolidate all the dealers' goods
into one shipment which will be shipped to Beijing by our official
shipper. There will not be any import tax or guarantee deposit
required from the dealer.
"Regarding sales tax, it is commonly known that between 17.5%
and 40% sales tax will be charged for transactions in China, no
matter who you are."