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  • Press release
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  • Hong Kong
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  • For immediate release
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  • 30 November 2021

Christie’s Hong Kong Chinese Paintings Autumn Auctions

Achieved A Combined Total Of HK$601,977,500/ US$77,541,686

Securing Market Leadership in Asia in Offering Chinese Paintings at Auction

TOP LOT OF THE SALES

Lot 867

The Fragrance of a Nation in Clearing Spring by Yun Shouping

Price realised: HK$59,650,000/ US$7,680,582

against the pre-sale low estimate of HK$3,000,000/ US$386,282

Fervent Bidding and Exceptional Prices for Prominent Private Collections

 

Combined Sell-Through Rates of 81% by Lot and 95% by Value

Hammer Price of 187% above Low Estimate

60% of Lots Surpassed Pre-Sale High Estimates

 

Over 3.6 Million Viewers Watched the Auction Livestream

 

Hong Kong – On 29 and 30 November, Christie’s Chinese Paintings held two live auctions – Fine Chinese Classical Paintings and Calligraphy, and Fine Chinese Modern and Contemporary Ink Paintings, achieving a combined total of HK$601,977,500/ US$77,541,686 and sell-through rates of 81% by lot and 95% by value. The sales also saw a contingent of millennial buyers who accounted for 45% of new buyers.

Kim Yu, International Specialist Head of Chinese Paintings Department, commented: “We are very delighted to secure market leadership in Asia with our phenomenal results across both sales, and to continue achieving remarkable prices for esteemed private collections which attract deep bidding for leading lots. For those hoping to acquire more exceptional paintings from important private collections from across Asia and North America, do tune in to our online auction, “Exquisite Eye: Chinese Paintings Online including the Collection of Sun Ah Book Center”, which accepts bidding until 1 December, 12pm HKT.”

Lot 867

The Fragrance of a Nation in Clearing Spring by Yun Shouping

Realised : HK$59,650,000/ US$7,680,582

Lot 824Poems by Tao Zongyi by Various ArtistsRealised : HK$41,050,000/ US$5,285,631

Lot 824

Poems by Tao Zongyi by Various Artists

Realised : HK$41,050,000/ US$5,285,631

Lot 894Mountain Retreat by Shen ShichongRealised : HK$53,050,000/ US$6,830,760

Lot 894 

Mountain Retreat by Shen Shichong

Realised : HK$53,050,000/ US$6,830,760

Sale Highlights: Fine Chinese Classical Paintings and Calligraphy

 - The auction totalled HK$305,646,250/ US$39,355,256, with an 80% sell-through rate by lot and a hammer price of 421% above low estimate. This also marks the highest auction total for this genre at Christie’s Asia since Autumn 2018.

 - The Wong Nan-ping Family Collection performed exceedingly well, achieving HK$120,452,500/ US$15,509,560, with a 95% sell-through rate by lot and a hammer price of 621% over low estimate. The top lot of the sale and of the collection was lot 867  — The Fragrance of a Nation in Clearing Spring by Yun Shouping, which sparked an intense, half hour bidding war and eventually realised HK$59,650,000/ US$7,680,582 against its pre-sale low estimate of HK$3,000,000/ US$386,282. Other works from the collection also surpassed their pre-sale low estimates: lot 857  — Landscape Recalling Ni Zan and Huang Gongwang by Dong Qichang, which realised HK$12,250,000/ US$1,577,320 against the pre-sale low estimate of HK$1,000,000/ US$128,761; and lot 854  — Bamboo by Ke Jiusi, which sold for HK$9,250,000/ US$1,191,037 against its pre-sale low estimate of HK$500,000/ US$64,380.

Other esteemed private collections also realised exceptional prices and fervent bidding was witnessed for key works:
 

 - The Ye Gongchuo Family Collection achieved HK$79,375,000/ US$10,220,389, with a 95% sell-through rate by lot and a hammer price of 695% above low estimate. Prices for several works surpassed multiple times their pre-sale low estimates: the top lot of the selection – lot 824  — Poems by Tao Zongyi by Various Artists, was sold after 10 minutes of fierce bidding for HK$41,050,000/ US$5,285,631, against its pre-sale low estimate of HK$200,000/ US$$25,752; lot 828  — Landscapes/ Flowers by Fu Shan and Fu Mei, which realised HK$13,450,000/ US$1,731,833 against its pre-sale low estimate of HK$3,500,000/ US$450,663; and lot 827  — Landscapes and Calligraphy by Li Rihua, which sold for HK$3,500,000/ US$450,663 against a pre-sale low estimate of HK$200,000/ US$25,752.

 - The Hosokawa Family Collection was 100% sold, totalling HK$65,812,500/ US$8,474,070, and saw a hammer price of 751% above low estimate. The top lot of the collection was lot 894  — Mountain Retreat by Shen Shichong, which sold for HK$53,050,000/ US$6,830,760 against the pre-sale low estimate of HK$5,000,000/ US$643,804. Other top performing lots include lot 891  — Inscriptions in Running-Cursive Script by Li Dongyang, sold for HK$5,250,000/ US$675,994 against its pre-sale low estimate of HK$1,200,000/ US$154,513; and lot 892  — Two Poems in Running Script by Shen Zho, sold for HK$2,250,000/ US$289,712 against its pre-sale low estimate of HK$60,000/ US$7,726.
  

The Chamber of Young Snow Collection achieved HK$1,325,000/ US$170,747, led by lot 816 — Zhang Zongcang’s Mountain in the Rain, which sold for HK$437,500/ US$56,333.

Lot 1178

 Living in the Mountains by Zhang Daqian

Realised : HK$24,250,000/ US$ 3,124,952.

Sale Highlights: Fine Chinese Modern and Contemporary Ink Paintings

 - The auction totalled HK$296,331,250/ US$38,186,430, with a 82% sell-through rate by lot and 93% by value.
 

 - The top lot of the sale was lot 1178 : Living in the Mountains by Zhang Daqian, sold for HK$24,250,000/ US$ 3,124,952.
 

 - Additional leading highlights that achieved remarkable prices include:
Lot 1080: Splashed-colour Lotus by Zhang Daqian, sold for HK$12,250,000/ US$1,578,584
Lot 1077: Bamboo Valley by Pan Tianshou, sold for HK$11,650,000/ US$1,501,267
Lot 1067: Spring in Full Bloom by Wu Guanzhong, sold for HK$11,050,000/ US$1,423,947
Lot 1076: The Ye Gongchuo Family Collection - The Journey to Guangxi by Huang Binhong, sold for HK$8,650,000/ US$1,114,674 against its pre-sale low estimate of HK$1,500,000/ US$193,296
Lot 1161: Panel Screens of Flowers and Calligraphy by Wu Changshuo/ Kusakabe Meikaku, sold for HK$8,050,000/ US$1,037,355, against a pre-sale low estimate of HK$2,000,000/ US$257,728

About Christie’s

Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pacific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).

Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvator Mundi, 2017), for a 20th century artwork (Andy Warhol’s Shot Sage Blue Marilyn, 2022) and for a work by a living artist (Jeff Koons’ Rabbit, 2019). Christie's is also recognised as a reference for prestigious single owner collections, having auctioned 8 of the 10 most important collections in history.

Christie’s Private Sales offers a seamless service for buying and selling art, jewellery and watches outside of the auction calendar, working exclusively with Christie’s specialists at a client’s individual pace.

Recent innovations at Christie’s include the groundbreaking sale of the first NFT for a digital work of art ever offered at a major auction house (Beeple’s Everydays, March 2021), with the unprecedented acceptance of cryptocurrency as a means of payment. As an industry leader in digital innovation, Christie’s also continues to pioneer new technologies that are redefining the business of art, including use of hologram technology to tour life-size 3D objects around the world, and the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats. 

Christie’s is dedicated to advancing responsible culture throughout its business and communities worldwide, including achieving sustainability through net zero carbon emissions by 2030, and actively using its platform in the art world to amplify under-represented voices and support positive change.

Browse, bid, discover, and join us for the best of art and luxury at: www.christies.com or by downloading Christie’s apps. The COVID-related re-opening status of our global locations is available here.