Hong Kong, December 16, 2016 -- Takung Art Co., Ltd. (OTCQB:TKAT), an online platform for acquiring shared ownership units in Asian and other fine art, jewelry and precious gems, today said that, on December 3, its Hong Kong Takung Assets and Equity of Artworks Exchange Co. Ltd subsidiary co-hosted the Academic Exhibition of Chinese Ink and Wash Paintings, featuring 20 portfolios by famed Malaysian artist Mr. Zhong Zhengchuan. (VR Tour of Exhibition at takungart.com)
The exhibition, also hosted by Zheng He Duo Yun Xuan Art Gallery and by Malaysia Chinese Ink and Wash Paintings Association, was initiated by Takung in order to both present Mr. Zhong’s paintings to collectors of traditional Chinese art in Hong Kong, as well as to foster a greater appreciation of Chinese art and culture developed in Malaysia.
Mr. Zhong’s ink and wash paintings have been acclaimed for their combination of Chinese and Southeast Asian motifs and lush depiction of landscapes, gardens and birds. On December 1, his seven portfolios of 24 paintings introduced on Takung’s shared art ownership trading platform commanded initial cumulative listing prices totaling US$3 million, or 80 percent of the US$3.8 million in total listing prices for all artworks introduced that day.
Born and raised in Malaysia, Mr. Zhong’s paintings have been collected by many of Asia’s leading art venues including the Malaysia National Museum of Art and Malaysian National Guest House, the Chinese Art Research Institute, Qi Baishi Memorial Hall, Zhang Daqian Memorial Hall, the Korea Culture and Art Museum, the National Education Museum of Taiwan as well as by several Asian heads of state, dignitaries and ambassadors.
“We are very proud to help host this exhibition of one of the world’s greatest creators of Chinese ink and wash paintings,” said Takung chief executive Mr. Di Xiao. “Not only do these magnificent artworks represent the high standards we set for inclusion on the Takung trading platform, they also embody some of the finest aspects of Chinese and Malaysian culture and help introduce these values to other peoples throughout the world.”
Mr. Xiao said Takung plans to continue to introduce other artists whose work is traded on its trading platform, by participating in art exhibitions in Hong Kong, the U.S., and other nations.
ABOUT TAKUNG ART CO., LTD: www.takungart.com
Based in Hong Kong, Takung Art Co., Ltd. is an online trading platform for acquiring shared ownership in Asian and other fine art, jewelry and precious gems. This proprietary platform allows collectors and investors - including those with modest financial resources -- to buy and sell units of these assets and participate in the booming Asian art market. The company's shared-ownership business model significantly expands the number of interactions between sellers and buyers of fine art far beyond those generated by art galleries and auction houses alone.
Takung operates its online trading platform via three wholly-owned subsidiaries, Hong Kong Takung Assets and Equity of Artworks Exchange Co. Ltd., Takung (Shanghai) Co., Ltd., and Takung Cultural Development (Tianjin) Co., Ltd.
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Takung Art Co., Ltd.
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SOURCE: Takung Art Co., Ltd.
Released December 16, 2016