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  • Press release
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  • New York
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  • For immediate release
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  • 15 March 2017

RESULTS: Important Chinese art from the Fujita Museum 

SALE TOTAL: USD$262,839,500 / HK$2,032,755,075

93.5% SOLD BY LOT | 99% Sold By Value

IN ONE EVENING CHRISTIE’S Surpasses THE PREVIOUS RECORD FOR any asian art week SERIES

WORLD AUCTION RECORD SET FOR ARCHAIC BRONZE SOLD FOR $37.2 MILLION

RUNNING TALLY FOR ASIAN ART WEEK:

USD$293,156,313 / HK$2,267,265,362

A Magnificent and Highly Important Bronze Ritual Wine Vessel, Fangzun, late Shang dynasty, 13th-11th century BC, Estimate: $6,000,000-8,000,000.Price Realized: USD$37,207,500 / HK$287,756,347WORLD AUCTION RECORD FOR AN ARCHAIC BRONZE

A Magnificent and Highly Important Bronze Ritual Wine Vessel, Fangzun, late Shang dynasty, 13th-11th century BC, Estimate: $6,000,000-8,000,000. Price Realized: USD$37,207,500 / HK$287,756,347

WORLD AUCTION RECORD FOR AN ARCHAIC BRONZE

Chen Rong (13th Century) as Catalogued in Shiqu Baoji,Six Dragons Estimate: $1,200,000-1,800,000.Price Realized: USD$48,967,500 / HK$378,706,146

Chen Rong (13th Century) as Catalogued in Shiqu Baoji, Six Dragons Estimate: $1,200,000-1,800,000. Price Realized: USD$48,967,500 / HK$378,706,146

 

New York – Christie’s dedicated Evening Sale of Important Chinese Art from the Fujita Museum, realized a grand total of USD$262,839,500 / HK$2,032,755,075, which alone has surpassed the previous record for any Asian Art Week series in auction history. The exhibition, global tour, and auction generated huge international interest driven by Shang and Zhou dynasty ritual bronzes and classical Chinese paintings with exceptional provenance. The top lot for the sale was Chen Rong (13th Century) as Catalogued in Shiqu Baoji, Six Dragons, which realized USD$48,967,500 / HK$378,706,146.

Exceptional prices were realized for the six handscrolls that were formerly part of the collection of the Qianlong Emperor (1711-1799), as evidenced by his collector’s seals and their inclusion in his official catalogue, the Shiqu Baoji, which collectively totaled USD$123,901,000. A new world auction was set for an archaic bronze with the sale of A Magnificent and Highly Important Bronze Ritual Wine Vessel, Fangzun, late Shang dynasty, 13th-11th century BC, which realized USD$37,207,500 / HK$287,756,347. Collectively the six ritual wine vessels totaled USD$125,785,000.

Jussi Pylkkänen, Global President, Christie’s, remarked: “This evening we witnessed a record total for any Asian Art sale and a spectacular success for a great museum through the sale of major Chinese works of art and paintings. Last month, as the auctioneer of the London sales, I witnessed the extraordinary buying power of our Asian clients in both Impressionist and Post-War auctions, which transferred to the New York saleroom for this auction. Christie’s continues to develop strong relationships with major Asian buyers and we are now seeing the benefits of our China strategy, which has seen us open major exhibition spaces in Shanghai and Beijing in recent years.”

Jonathan Stone, Chairman, Asian Art, Christie’s, commented: “It was an honor to represent this exceptional collection of Chinese works of art from the Fujita Museum and support the institution’s long-term future by giving them the opportunity to invest in the overall infrastructure and the core of its collecting mission of Japanese art. This is an example of collaborative business-getting with colleagues in Christie’s offices in New York, Hong Kong, and Tokyo. There was overwhelming response from the international tour to the exhibitions and in the saleroom demonstrating Christie’s ability to source, research, and sell exceptional classical paintings and archaic bronzes.”

Asian Art sales continue through Friday, March 17. Full results will be shared at the week’s close.

Important Chinese Art from the Fujita Museum

New York, 15 March 2017, Sale 14319

  • Total* USD 262,839,500 GBP 215,265,761 EUR 246,909,823
  • Sold by lot 100% 29 lots offered 29 lots sold  
  • Sold by value 19%      
  • *USD 1 = GBP 0.8110 / EUR 0.9278 | All sold prices include buyer’s premium

About Christie’s

Christie’s, the world's leading art business, had global auction, private and digital sales in 2018 that totalled £5.3 billion / $7 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie's also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War & Contemporary, Impressionist & Modern, Old Masters and Jewellery.

Alongside regular sales online, Christie’s has a global presence in 46 countries, with 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, and Shanghai.

*Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and are reported net of applicable fees.