Another article, only a couple of months old... he size of the art market could soon catch up with the property sector,” says the Shanghai-based entrepreneur. The founder and chairman of Zendai Group singles out culture as a major new driving force of the mainland economy. Dai Zhikang is the founder of Shanghai Himalayas Museum, CEO of Zendai Group. Cash cow identified Chinese property mogul Dai Zhikang is exiting real estate for art, South China Morning Post reported last week. “Real estate was just a makeshift part of my business plan”, Dai told the SCMP, revealing that he was eyeing opportunities in the art market instead. According to Art Market Monitor, Dai says the country’s art market has a rosy future. The businessman is already known for collecting modern Chinese art and ancient scrolls, and his collections are housed at the Zendai Himalaya Center in Shanghai. The entrepreneur’s Shanghai Zendai company owns upmarket hotels and art galleries amongst its other holdings. The SCMP reports that Dai plans to exit the property market completely and direct his resources towards “boost[ing] China’s already mammoth art market”. Having already launched investment funds focusing on art, Dai is quoted as saying: People are getting rich in terms of their financial strength. And in turn, they have shifted their attention to precious pieces of art, and other areas of spiritual appreciation, which has also ushered in huge market potential. Art as investment When asked by the SCMP if he may one day return to real estate, Dai responds that “any revisiting of the property sector would likely be linked to art or other creative industries.” He continues: Just a single painting can attract a price tag of several hundred millions of yuan. The size of the art market could soon catch up with the property sector.
Chinese will live in anything to save money. I'm sure the richer chinese don't live in slums but it seem quite sensible not to buy a 20 room mansion just because you can afford it.
Obviously we have no idea how good they'd be but all you can do is give them a chance and do our best to engage with them. They can't be much worse than the Allams whatever happens, although HCAFC owners usually manage to be even worse than the last. It'll remain a shame we didn't get the Americans, because what they were planning sounded brilliant, but we just need someone to takeover now and can't be too fussy about who it is.
I'm concerned that they only want to pay £150 up front, with the rest paid in installments over the next forty years, all with borrowed money.
Don't believe statistics - one in six!!! Just look at your work colleagues or pop into the supermarket - see what I mean. One in six, you're having a laugh.
It does seem to pull together a few bits and bobs of rumours, in a way that makes sense of recent goings on. I guess it's just a case of wait and see.
Thought I saw Ehab's name on a loaf of bread this morning. When I checked again, it actually said 'thick cut'.
What about the Healy brothers...? Can they be persuaded to buy HCAFC and turn the KCOM into a massive retail park?
Funny that...I saw Ehab in Willerby shopping centre car park, the other day. Someone was shouting at him, but he must have been a mate, because he shouted 'See You Next Tuesday,' several times.
I might have to change the title of this thread again, I understand the players have just been told there'll be new owners in charge next month.
