Week In Review: August 13-17, 2012
In case you missed them the first time around, here are some of Jing Daily's top posts for the week of August 13-17:
Separating Hype From Reality In China's Auction Market
Christie's
This week, a great deal of online and Twitter chatter has centered around questioning the legitimacy of China's art market as reflected by activity at its domestic auction houses. While the main article in question raises some interesting and important points — some of which (such as non-payment of winning lots, buying with the aim of so-called "gift-giving" and the occasional appearance of forgeries at auction) we have brought up in previous posts — the overall conclusion misses several distinctions that must be made about the art auction market in mainland China as well as Hong Kong.
To Understand China's Consumer Class, Watch Their Travel Habits
Chinese luxury consumption won't stop, but it will adapt to the economic and political climate
With many of the world's largest brands looking to China's emerging consumer class, which now numbers around 130 million, worries that slower economic growth will crimp spending at a crucial time are tempered by statistics on outbound travel. According to figures released last month by China's Ministry of Public Security, 38.6 million mainland Chinese citizens ventured outside the country's borders in the first half of this year, a nearly 20 percent rise over the same period last year and close to double the number in 2007.
The Chinese Designers Who Will Change Our Minds About Fashion
CHairEYES
For designers and retailers, China's fashion scene is at once highly attractive and increasingly claustrophobic. With luxury giants continuing to dominate the market at the high end as they open a seemingly endless number of lavish flagships, competition remains tough and cracking the Chinese consumer remains even tougher.
Amid this intensified competition, however, a new breed of home-grown and often internationally educated designer is emerging to offer something different.
Sergio Rossi Offers Pre-Order Perks For Chinese Online Shoppers
Shoppers can get 20% off their purchase by pre-ordering before August 17
As home-grown and international players continue to battle it out in China's booming luxury e-commerce market, one domestic retailer, Shangpin (尚品) recently scored a victory with the launch of an official pre-order microsite for PPR-owned Italian label Sergio Rossi's A/W 2012 collection. From August 9-16 on its official Shangpin microsite, Sergio Rossi is offering customers who pre-order its new collection a 20 percent discount (stipulating that they must pay online) in advance of the sale start date of August 17. The microsite also includes shots of celebrities, ranging from Zhou Xun to Jennifer Lopez, wearing the high heels from the collection and — for the sake of brand education — plenty of information about Sergio Rossi.
Interview: Yin Jiasheng, Shanghai Indie Boutique SPACESHIP By TIPS
SPACESHIP by TIPS (Image: Erica Ji for Jing Daily)
Continuing our series on Shanghai's growing multi-brand boutique scene — which has previously spotlighted Alter, Le Lutin, THE VILLA, The Olive Shoppe and Dong Liang — recently Jing Daily Shanghai fashion correspondent Erica Ji dropped by the two-year-old SPACESHIP by TIPS to speak with founder Yin Jiasheng (尹佳圣) about his store, his favorite designers, and plans for expansion. Located in a sleepy corner of Nanchang Lu, seemingly miles away from the hustle and bustle that defines Shanghai, SPACESHIP by TIPS looks to slow things down for shoppers, giving them a chance to relax and browse through some of the most interesting pieces by Chinese and international designers at their own pace.
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