Eight Works by LABA Blue-Chip Artist Jiannan Huang Hit a New High Valuation over of $20,000,000 USD
Todd Williamson, Jacqueline Lewis, LABA Blue-chip artist Jiannan Huang (video conference), and Princess Karen Cantrell
Santa Monica, California, USA. 9th June, 2022. The Los Angeles Beverly Arts (LABA) and the LABA International Art Festival are proud to announce LABA’s first Blue-Chip Artist Jiannan Huang’s eight paintings have been appraised for a total estimated value over of $20,000,000USD. The press conference was held at the Building Bridges Art Exchange (BBAX) Gallery, located in the Bergamot Art Center in Santa Monica, and was hosted by Princess Karen Cantrell, the rotating chairman of the LABA International Art Festival.
Joey Zhou, Princess Karen Cantrell, J.J. Martin (exhibiting artist at BBAX gallery), and Todd Williamson stand in front of artwork by J.J. Martin
Last year, Mr. Jiannan Huang, a Chinese artist, was recommended by US Art Bank to appraise three of his paintings, "The Flower of Youth,” "Flowers in Mountains,” and "Inexhaustible.” The three paintings appraised together totaled over $3 million USD. The appraiser was Sara Mokhtari, an art expert and fine art curator who has an appraisal agency in Beverly Hills. These three paintings were recently appraised again on Jan 2, 2022, at more than $5 million (USD) by Professor Richard Wearn, an academic and fine art appraiser, showing that the value had increased in a short period of time. Appraisers Sara Mokhtari and Professor Richard Wearn, were both asked to appraise a group of eight paintings by Mr. Jiannan Huang to confirm their value, and came up with a total estimated value over of $20,000,000 USD.
In addition to the three works above, the five additional works were: "Time Travel," ”Bright Future," "Glorious History," ”Reinforced Forest", and "Melody". At the same time, determining an accurate basis for valuing a work of art must also take into account the artist's success in the market of its origin. For the valuation of Mr. Huang's works, the latest auction data was obtained from the survey of the Chinese auction market over the past two years to obtain an accurate assessment.
"Time Travel" by Jiannan Huang
"Bright Future" by Jiannan Huang
"Glorious History" by Jiannan Huang
"Reinforced Forest" by Jiannan Huang
"Melody" by Jiannan Huang
Joey Zhou, the founding chairman of the LABA International Art Festival, provided the appraisal documents prepared by Beverly Hills appraiser Mokhtari, to further prove the authenticity and the professionalism and authority of the appraisal of Mr. Huang’s artwork.
Professor Richard Wearn pointed out January of this year, “The evaluation of Mr. Huang's works must be fully integrated with his global influence and must be based on the same reference to the major Chinese artists who have entered the Western collection sequence. These conditions must be in line with international cultural and economic forces. First of all, the expansion of the Chinese art market is well-documented, and the accelerated growth of the Chinese cultural economy, including the art market, is part of the “Chinese Economic Miracle,” the benefits of which have ensured the performance of the Chinese art market since 1999. In November 2021, China surpassed the United States to become the world's largest art market. China's economy has rebounded faster from the downturn of the COVID-19 pandemic and according to a statistical analysis by Morgan Stanley, China alone (excluding Taiwan) and other Asian regions, accounted for 21% of total global art market sales.
Princess Karen Cantrell, the first rotating chairman of LABA International Art Festival, said: " I am very pleased with Jiannan Huang’s superb artistic performance, and I am particularly proud of this new record for his artwork. He was honored as the first blue-chip artist of the LABA International Art Festival, and it was clearly the right decision.”
Joey Zhou, Princess Karen Cantrell, Todd Williamson
Todd Williamson, member of the Senior Art Committee of LABA International Art Festival and Chairman of the West Hollywood Art Committee, said: "I have held art exhibitions in Beijing and know that there are many world-class outstanding artists in China. It is not surprising that Mr. Huang can create miracles in the North American market over the past two years. His artwork is amazing.”
Jacqueline Lewis, a journalist at the press conference, contacted Jiannan Huang at his art studio in Beijing, China, to talk to him personally. Mr. Huang said modestly, "Although my works have been further affirmed and recognized by various appraisal agencies, I will keep improving myself, constantly innovating, and making a contribution to the world of art.”
Jacqueline Lewis with Jiannan Huang (video conference) joining the press conference from his art studio in Beijing, China
Princess Karen Cantrell, Todd Williamson, Jiannan Huang (video conference), Jacqueline Lewis
Jacqueline Lewis, Vita Virag, Princess Karen Cantrell, J.J. Martin, Todd Williamson, and Marisa Caichiolo
Sara Mokhtari is an art expert and appraiser who has been engaged in high-end appraisals for over 35 years. She has an appraisal license with the Appraisers Association of America. She has appraised art works for major galleries and has worked closely with auction houses around the world including Sotheby’s, Christie’s, Phillip’s in the United States, Artcurial, Aguttes, Blanchet, Debureaux in Paris, Bassenge, Fischer, Hauswedell Nolte in Germany, and Koller in Switzerland. Her expertise includes the Modern Masters such as Picasso, Chagall, Dali, Miro, and Matisse; the Old Master prints and drawings such as Rembrandt, and Durer; the 18th and 19th century French prints and paintings, Belle Epoque School, Impressionist School, and Barbizon School such as Lautrec, Cheret, Robbe, Cassatt, Manet, Monet, Degas, Lhermitte, Breton, Delpy, Raffaelli, Jacque, and Diaz.
Richard Wearn has been a Professor of Art at California State University, Los Angeles since 2005. His art has been exhibited around the world and he is an art critic for several mainstream media publications. His books on Western and Chinese contemporary art have been published internationally, and he has taught at some of the most important art institutions in China, Taiwan, United States, and Europe. In addition to his academic and artistic career, he has worked at institutions such as the Los Angeles Contemporary Art Exhibition, Blum and Poe Gallery in Santa Monica, California, and helped establish Patricia Marshall Fine Arts, one of the most influential private art consultancies in the world. Since 2019, Richard Wearn Fine Art has provided appraisal and consulting services to many important collectors in the United States, Italy, and China. He has appraised the works of famous artists such as Andy Warhol, Lucio Fontana, Basquiat, Picasso, Lichtenstein, Banksy, Naim June Paik, etc., and has provided consulting services to numerous world-class art institutions and museums.
LABA Blue-chip artist Jiannan Huang speaking at an event in Beijing, China
Jiannan Huang is one of the world's finest artists, specializing in Chinese ink and oil painting. He is ranked third on the 2020 Hurun China Art List and 19th on the Hurun Global List with sales of $29 million. Jiannan holds several positions - Director of the Chinese Traditional Culture Promotion Association, member of the French National Artists Committee, art consultant for the World Low Carbon Cities Alliance, and France Jiny City Gold Medal Honorary Citizen. He was awarded the title of "Earl" by the Indonesian Royal Family, and the "Royal Sacred Knight of Constantine" from Italy. In 2021, he was given an honorary membership into the Royal Society of St. George (RSSG), California Branch, and received the RSSG "Master of Arts" Award in March 2022. At the same time, the LABA International Art Festival designated March 2022 as "Jiannan Huang Month." Mr. Huang is a well-established artist in China and is increasingly becoming one of the most important Asian artists in the North American art world.
About the Los Angeles Beverly Arts (LABA) and the LABA Los Angeles International Art Festival
The Los Angeles Beverly Arts (LABA), the Los Angeles International Art Festival, and the Beverly Arts Online Exhibition feature artists from all over the world who have come together to display their work in a virtual gallery exhibition. Visitors can visit the exhibit at any time and enjoy the artwork of some of the world's most talented and unique artists who have been chosen to participate in this event. For more information, visit www.thebeverlyarts.com
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