Asian Art Week achieves US$41.6 million

New York, 10–25 September 2019

Christie’s Asian Art Week in New York totaled US$41,641,250 / HK$324,469,071 with further lots still to be offered in three online auctions.

Kicking off the series, the Fine Chinese Paintings realized $2,341,750, with its top lot, Zhang Daqian’s Hibiscus from 1948 selling for $591,000.

A theme of the sale series was the appetite among collectors for works with exemplary provenance, evidenced by the hugely successful results of the Masterpieces of Early Gold and Silver sale and the Chinese Art from The Art Institute of Chicago sale.

The top lot of the week came from the Masterpieces of Early Gold and Silver sale — a Tang-dynasty parcel-gilt silver bowl that achieved $3,495,000 above its estimate of $2-3 million. The sale of Chinese Art from The Art Institute of Chicago, which sold works from many celebrated patrons of the long-standing institution, was 100% sold by lot and by value.

The South Asian Modern + Contemporary Art sale featured the second-highest sale price of the series for Sayed Haider Raza’s masterpiece La Terre, which realized $3,015,000. A new artist record was set for Shakir Ali in the same sale.

Eleven world auction records were set across a highly successful week of sales. We look forward to welcoming you to our Hong Kong Autumn Auctions in November.

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