Back
  • Press release
  • |
  • Hong Kong
  • |
  • For immediate release
  • |
  • 2 December 2020

RESULTS | Chinese Paintings Autumn Auctions Realised HK$315,610,000 / US$40,907,310

Combined Sales Achieved 1.8 Times the Low Estimate  

Strong Results for Renowned Private Collections

Exceptional Performance for Modern Masters Including

Fu Baoshi, Wu Guanzhong and Zhang Daqian

62% of Lots Sold Above High Estimates

Combined Sell-Through Rate of 78%

TOP LOTFINE CHINESE MODERN AND CONTEMPORARY INK PAINTINGSWU CHANGSHUO (1844-1927)ALBUM OF FLOWERS, VEGETABLES AND OBJECTSPrice Realised :HK$18,250,000 / US$2,366,265

TOP LOT

FINE CHINESE MODERN AND CONTEMPORARY INK PAINTINGS

WU CHANGSHUO (1844-1927)

ALBUM OF FLOWERS, VEGETABLES AND OBJECTS

Price Realised :

HK$18,250,000 / US$2,366,265

TOP LOTFINE CHINESE CLASSICAL PAINTINGS AND CALLIGRAPHYSHEN ZHOU (1427-1509) / WEN ZHENGMING (1470-1559)LANDSCAPE AND CALLIGRAPHYPrice Realised :HK$26,650,000 / US$3,454,199

TOP LOT

FINE CHINESE CLASSICAL PAINTINGS AND CALLIGRAPHY

SHEN ZHOU (1427-1509) / WEN ZHENGMING (1470-1559)

LANDSCAPE AND CALLIGRAPHY

Price Realised :

HK$26,650,000 / US$3,454,199

Hong Kong – On 1 and 2 December 2020, Christie’s held two live auctions of Chinese Paintings – Fine Chinese Modern and Contemporary Ink Paintings and Fine Chinese Classical Paintings and Calligraphy.

The combined sales realised a total of HK$315,610,000 / US$40,907,310, with the top lots of each sale selling for multiple times over their estimates. The results demonstrate Christie’s ability to offer renowned private collections and coveted works by Chinese masters.

Sale Highlights

 - Both Chinese Paintings sales surpassed their pre-sale high estimates

 - 62% of lots sold above high estimates across the combined sales

 - The Chen Lifu Collection was 100% sold, achieving HK$17,100,000 / US$2,217,158, nearly tripling its pre-sale high estimate

Kim Yu, International Specialist Head of Chinese Paintings Department, commented, “The results from our sales this season are a testament to Christie’s strength in selling private collections of Chinese paintings. Not only did works by master artists such as Wu Guanzhong, Fu Baoshi, Shen Zhou and Wen Zhengming perform extremely well, but a number of pieces this season achieved sale totals multiple times over their low estimates, further demonstrating Christie’s ability to offer the most coveted Chinese paintings to the most distinguished collectors.”

Fine Chinese Modern and Contemporary Ink Paintings

The sale totaled HK$201,146,250 / US$26,071,265 and was 82% sold by lot.

The top lot of the sale was Album of Flowers, Vegetables and Objects by Wu Changshuo, which realised HK$18,250,000 / US$2,366,265, multiple times its pre-sale low estimate.

Other highlights from the sale were Cascading Waterfalls by Fu Baoshi, which realised HK$17,050,000 / US$2,209,010, Quiet Lake and Boats by Wu Guanzhong (top left), which achieved HK$17,050,000 / US$2,209,010, and Two Scholars Amongst Pine and Clouds by Zhang Daqian, which sold for HK$12,250,000 / US$1,587,765.

The Chen Lifu Collection was all sold and a notable highlight from the collection was Returning Boat by Fu Baoshi which realised HK$8,650,000 / US$1,121,545 and sold for multiple times its pre-sale low estimates.

Please click here for the full results.

 

Fine Chinese Classical Paintings and Calligraphy

The sale totaled HK$114,463,750 / US$14,836,045 and was 69% sold by lot.

The top lot of the sale was Landscape and Calligraphy by Shen Zhou and Wen Zhengming, which realised HK$26,650,000 / US$3,454,199, multiples over its pre-sale low estimate.

Notable highlights include the Biography of Mulberry Mistletoe by Zhu Yunming (top right), which achieved HK$11,650,000 / US$1,509,997, Barren Tree and Birds by Bada Shanren, which realised HK$10,090,000 / US$1,307,800, Poem in Running-Cursive Script by Wang Duo, which sold for HK$6,250,000 / US$810,084 and Second Ode to the Red Cliff by Wen Zhengming, which realised HK$5,250,000 / US$680,471.

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.