RESULTS: Christie's Hong Kong Fine Chinese Modern Paintings

Hong Kong

Fine Chinese Modern Paintings

Hong Kong – 29 May 2012 (Tuesday) – Sale no: 2911 – Top Ten

[All sold prices include buyer’s premium]

 

Sold:   HK$ 454,172,750

US$ 58,497,450

£ 37,378,417

46,734,376

Lots Sold: 372 

Lots Offered: 407

Sold by Lot: 91%

Sold by HK$: 93%

Exchange Rate: HK$1 = US$0.1288 / £ 0.0823 / € 0.1029

 

Sale/Lot

Description

Estimate (HK$)

Purchase Price

 

Buyer

3133

ZHANG DAQIAN (1899-1983)

Separation

Estimate On Request

HK$ 34,260,000

US$ 4,412,688

£ 2,819,598

€ 3,525,354

Asian Private

3136

ZHANG DAQIAN (1899-1983)

Mist Clearing Over Pine Covered Peaks

12,000,000-18,000,000

HK$ 29,780,000

US$ 3,835,664

£ 2,450,894

€ 3,064,362

Asian Private

3176

XU BEIHONG (1895-1953)

Admiring the Stallion

4,000,000 - 5,000,000

HK$ 16,340,000

US$ 2,104,592

£ 1,344,782

€ 1,681,386

Asian  Pacific Private

3103

QI BAISHI (1863-1957)

Waterfall in Dinghu

6,000,000 - 8,000,000

HK$ 11,860,000

US$ 1,527,568

£ 976,078

€ 1,220,394

Asian Trade

2929

ZHANG DAQIAN (1899-1983)

Indian Actress

2,000,000 - 3,000,000

HK$ 11,188,000

US$ 1,441,014

£ 920,772

€ 1,151,245

Asian Private

3175

XU BEIHONG (1895-1953)

White Plum Blossoms

2,000,000 - 3,000,000

HK$ 10,740,000

US$ 1,383,312

£ 883,902

€ 1,105,146

Asian Trade

3245

LIN FENGMIAN (1900-1991)

Opera Figures – Monkey King

1,500,000 - 2,000,000

HK$ 7,580,000

US$ 976,304

£ 623,834

€ 779,982

Asian Private

3065

ZHANG DAQIAN (1899-1983)

Autumn Sentiments

2,000,000 - 3,000,000

HK$ 7,460,000

US$ 960,848

£ 613,958

€ 767,634

Asian Private

3292

XU BEIHONG (1895-1953)

Galloping Stallion

2,000,000 – 3,000,000

HK$ 6,620,000

US$ 852,656

£ 544,826

€ 681,198

Asian Trade

2932

ZHANG DAQIAN (1899-1983)

Boating in Paradise

3,800,000 - 4,800,000

HK$ 6,260,000

US$ 806,288

£ 515,198

€ 644,154

Asian Private

 

 

 

 

 

Christie’s Hong Kong Chinese Painting sales this spring season achieved HK$782,284,000 (US$100,758,179) over the course of two days. The sale of Fine Chinese Classical Paintings & Calligraphy on the afternoon of May 28 realized in excess of HK$205,111,250 (US$26,418,329) making the sale the most valuable in the history of the category for Christie’s. The two sales on May 29, Fine Chinese Modern Paintings and Grandiose and Mysterious – Magnificent Paintings by Cui Ruzhuo, achieved HK$577,172,750 (US$74,339,850) with an overall sold rate of 91% by lot and 93% by value.

 

Ben Kong, International Specialist Head of Christie’s Chinese Paintings Department, remarked, “The sales of Fine Chinese Modern Paintings this season marked a sold rate of 91% by lot and 93% by value. Among all the sold lots, 82% sold over the pre-sale estimate, 6 lots achieved in excess of HK$10,000,000 (US$1,288,000), 18 achieved in excess of HK$5,000,000 (US$644,000) and 109 achieved in excess of HK$1,000,000 (US$128,800). Zhang Daqian’s Separation, a striking ink and color on paper of great historical significance, was sold for HK$34,260,000 (US$4,412,688) and assumed its place as leading lot of all of the combined Chinese Modern Painting sales this season. The works by other modern masters such as Xu Beihong, Qi Baishi, Lin Fengmian also sold for multiples over their pre-sale estimates.

 

The sale of The Grandiose and Mysterious – Magnificent Paintings by Cui Ruzhuo realized HK$123,000,000 (US$15,842,400) with an overall sold rate of 93% by lot and 92% by value. 2 lots achieved in excess of HK$10,000,000 (US$1,288,000), 4 lots achieved in excess of HK$5,000,000 (US$644,000), and 26 lots achieved in excess of HK$1,000,000(US$128,800). The top lot Beautiful Spring was sold for HK$ 23,060,000 (US$2,970,128).

 

The three Chinese painting sales this season continued to incite bidding from a diverse group of collectors, further reflecting a pattern of sustained growth of the market for Chinese Paintings.”

 

Top ten results & related images of Fine Chinese Classical Paintings and Calligraphy (Sale 2910)

http://cshk.myftp.org/2012%20Spring%20Christie's%20Hong%20Kong%20Auctions/CHA/RESULTS/CCP/

 

Top ten results & related images of Fine Chinese Modern Paintings (Sale 2911)

http://cshk.myftp.org/2012%20Spring%20Christie's%20Hong%20Kong%20Auctions/CHA/RESULTS/CMP/CMP_Sale%202911/

 

Top ten results & related images of Grandiose and Mysterious – Magnificent Paintings by Cui Ruzhuo (Sale 2912)

http://cshk.myftp.org/2012%20Spring%20Christie's%20Hong%20Kong%20Auctions/CHA/RESULTS/CMP/Cui%20Ruzhuo_Sale%202912/ 

 

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