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Thursday, 18 December 2014
Homing in on an age-old tradition, rich Chinese send pigeon prices soaring
As the price flew skywards, an audience of middle-aged Chinese men erupted into cheers before the auctioneer slammed his hammer down at a record-breaking 2 million yuan – US$320,000.
Homing in on an age-old tradition, rich Chinese send pigeon prices soaring
Agence France-Presse in Beijing 18 December 2014
As the price flew skywards, an audience of middle-aged Chinese men erupted into cheers before the auctioneer slammed his hammer down at a record-breaking 2 million yuan – US$320,000.
The object of the frenzied bidding – a grey and white racing pigeon – responded with a gentle cooing, its beady red eye scanning the smoke-filled auction room.
Drawing on an age-old tradition, racing birds have become a plaything for rich entrepreneurs in China.
“Two decades ago, 400,000 (yuan) was considered a sky-high price. Prices are going up around 10 per cent every year,” declared Zhou Zhuanhong, who presided over the auction in Beijing last month.
But the sale was not entirely what it seemed. The buyer – pharmaceutical baron Guo Weicheng – was bidding for his own bird, even though he had to pay the club holding the auction a 40 per cent commission.
Nonetheless dozens of deals including several worth more than US$100,000 were genuine transactions, according to those watching the sale, where high-rollers with chain-smoking entourages tucked birds in cardboard boxes under their dining tables.
“The prices here are like nowhere else,” said Ulrik Lejre Larsen, a Danish breeder who is one of many Europeans profiting from pigeon enthusiasts on the mainland. “It’s crazy,” said another foreign breeder at his side.
Racing pigeons have a sense of direction that science cannot fully explain but allows them to find their way home over hundreds of kilometres, and have been raised in China for more than 1,000 years, often used as military messengers.
While good breeding cannot guarantee success, the descendents of champions – especially Belgian pigeons – raise the highest prices.
Chinese businessman Gao Fuxin set an all time record for a racing pigeon last year, paying ¤310,000 (HK$3 million) for a Belgian former champion named Bolt, after the superstar Olympic sprinter.
But in a sign of increasing scrutiny of the trade by Chinese authorities, the bird was held up at customs and Gao handed a 10 per cent tax bill.
Bolt was freed after the Belgian embassy intervened, industry insiders said, and is now said to have retired to stud in Beijing.
China has hundreds of pigeon associations, and working-class breeders in Beijing still send their birds into the sky with whistles attached, sounding a high-pitched whine as they fly over winding alleys.
But the last decade has seen a takeoff of luxury clubs and racing leagues for a new breed of big-spending enthusiasts – and allegations of illegal betting on races.
The Pioneer Club in Beijing’s western suburbs is among the most exclusive. Its clubhouse is adorned with classical Greek columns and on event days its carefully manicured lawns are surrounded by Mercedes and Audis.
The creatures themselves are kept in heated houses where full-time attendants calibrate every aspect of their diet and lifestyle to produce maximum speed. They are taken out on regular test runs – which can be a hazard in polluted Beijing.
“When they hit the smog, it’s like a wall. Some of them will get lost,” said Stuart Chu, a Taiwanese breeder who has lost several pricey birds in the murky air.
Top-end owners are “usually people who raised pigeons in their youth, and now they have achieved success in their careers they want to do it again”, said Su Quanlin, the Pioneer club’s founder.
His clients are willing to pay such high prices for the birds “because they want honour. It gives them face,” he added.
Others suggest more impure motives for the trade. Around a dozen industry insiders said illegal betting on races was widespread.
“A pigeon race is perfect for gambling. Because you can never predict who will win,” said Lars Vercammen, a 25-year-old breeder from Belgium.
Su, the club owner, denied the allegations.
Twice a year the club holds an “Iron Eagle” series of four races with hefty entry fees and total prize money equivalent to more than US$2.4 million.
A day before each contest, hundreds of feathered competitors were loaded into cages and driven 500 kilometres away from Beijing, green identification rings around their scaly red ankles.
Six hours after their release, a tense silence hung over the club’s lawn, broken only by owners and trainers munching on peanuts as they waited for their birds to return.
Suddenly the first grey bird dropped out of the sky and on to its loft, the winning time flashing onto an electronic display board.
Overall victory in the series went to a pigeon known only as 04010, owned by pharmaceutical entrepreneur Guo, whose wealth is estimated at US$1.3 billion by Forbes magazine.
A month later the top birds were compulsorily auctioned off under the “Iron Eagle” competition rules, with loudspeakers blasting the theme from ‘Star Wars’ to herald each high-priced sale, and buyers indifferent to the edicts of an official austerity campaign.
Guo – who cuts a distinctive figure with a shaven head and black and white suit – repeatedly raised a paddle to ensure he kept his pigeon, despite the punishingly expensive commission.
“It’s about face. I’m crazy. I haven’t made any money,” he said, before a chauffeur ushered him into a grey Rolls-Royce.
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Homing in on an age-old tradition, rich Chinese send pigeon prices soaring
Agence France-Presse in Beijing
18 December 2014
As the price flew skywards, an audience of middle-aged Chinese men erupted into cheers before the auctioneer slammed his hammer down at a record-breaking 2 million yuan – US$320,000.
The object of the frenzied bidding – a grey and white racing pigeon – responded with a gentle cooing, its beady red eye scanning the smoke-filled auction room.
Drawing on an age-old tradition, racing birds have become a plaything for rich entrepreneurs in China.
“Two decades ago, 400,000 (yuan) was considered a sky-high price. Prices are going up around 10 per cent every year,” declared Zhou Zhuanhong, who presided over the auction in Beijing last month.
But the sale was not entirely what it seemed. The buyer – pharmaceutical baron Guo Weicheng – was bidding for his own bird, even though he had to pay the club holding the auction a 40 per cent commission.
Nonetheless dozens of deals including several worth more than US$100,000 were genuine transactions, according to those watching the sale, where high-rollers with chain-smoking entourages tucked birds in cardboard boxes under their dining tables.
“The prices here are like nowhere else,” said Ulrik Lejre Larsen, a Danish breeder who is one of many Europeans profiting from pigeon enthusiasts on the mainland. “It’s crazy,” said another foreign breeder at his side.
Racing pigeons have a sense of direction that science cannot fully explain but allows them to find their way home over hundreds of kilometres, and have been raised in China for more than 1,000 years, often used as military messengers.
While good breeding cannot guarantee success, the descendents of champions – especially Belgian pigeons – raise the highest prices.
Chinese businessman Gao Fuxin set an all time record for a racing pigeon last year, paying ¤310,000 (HK$3 million) for a Belgian former champion named Bolt, after the superstar Olympic sprinter.
But in a sign of increasing scrutiny of the trade by Chinese authorities, the bird was held up at customs and Gao handed a 10 per cent tax bill.
Bolt was freed after the Belgian embassy intervened, industry insiders said, and is now said to have retired to stud in Beijing.
China has hundreds of pigeon associations, and working-class breeders in Beijing still send their birds into the sky with whistles attached, sounding a high-pitched whine as they fly over winding alleys.
But the last decade has seen a takeoff of luxury clubs and racing leagues for a new breed of big-spending enthusiasts – and allegations of illegal betting on races.
The Pioneer Club in Beijing’s western suburbs is among the most exclusive. Its clubhouse is adorned with classical Greek columns and on event days its carefully manicured lawns are surrounded by Mercedes and Audis.
The creatures themselves are kept in heated houses where full-time attendants calibrate every aspect of their diet and lifestyle to produce maximum speed. They are taken out on regular test runs – which can be a hazard in polluted Beijing.
“When they hit the smog, it’s like a wall. Some of them will get lost,” said Stuart Chu, a Taiwanese breeder who has lost several pricey birds in the murky air.
Top-end owners are “usually people who raised pigeons in their youth, and now they have achieved success in their careers they want to do it again”, said Su Quanlin, the Pioneer club’s founder.
His clients are willing to pay such high prices for the birds “because they want honour. It gives them face,” he added.
Others suggest more impure motives for the trade. Around a dozen industry insiders said illegal betting on races was widespread.
“A pigeon race is perfect for gambling. Because you can never predict who will win,” said Lars Vercammen, a 25-year-old breeder from Belgium.
Su, the club owner, denied the allegations.
Twice a year the club holds an “Iron Eagle” series of four races with hefty entry fees and total prize money equivalent to more than US$2.4 million.
A day before each contest, hundreds of feathered competitors were loaded into cages and driven 500 kilometres away from Beijing, green identification rings around their scaly red ankles.
Six hours after their release, a tense silence hung over the club’s lawn, broken only by owners and trainers munching on peanuts as they waited for their birds to return.
Suddenly the first grey bird dropped out of the sky and on to its loft, the winning time flashing onto an electronic display board.
Overall victory in the series went to a pigeon known only as 04010, owned by pharmaceutical entrepreneur Guo, whose wealth is estimated at US$1.3 billion by Forbes magazine.
A month later the top birds were compulsorily auctioned off under the “Iron Eagle” competition rules, with loudspeakers blasting the theme from ‘Star Wars’ to herald each high-priced sale, and buyers indifferent to the edicts of an official austerity campaign.
Guo – who cuts a distinctive figure with a shaven head and black and white suit – repeatedly raised a paddle to ensure he kept his pigeon, despite the punishingly expensive commission.
“It’s about face. I’m crazy. I haven’t made any money,” he said, before a chauffeur ushered him into a grey Rolls-Royce.
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