This season, works offered across our series of live and online Chinese Paintings sales totalled HK$456 million, with 65% of lots sold above high estimates. Zhang Daqian's splash-ink masterpiece Temple at the Mountain Peak fetched over HK$200 million, the second-highest price ever achieved for the artist at auction, a testament to our continued leadership in offering works by the illustrious artist. Wen Zhengming's Seven Poems in Running Script topped our offering of Classical Chinese Paintings to realise nine times its pre-sale low estimate at HK$18,250,000.
Prominent private collections and themed curations also performed extremely well. Notably, The Collection of Zhang Xinjia was 100% sold, realising almost three time its pre-sale high estimate, while all works from our selection of Buddhism in Art found buyers. The season's performance represent our continued strength in offering renowned private collections of extraordinary Chinese paintings to distinguished collectors.
Chinese Ceramics and Works of Art held three live auctions over the course of the week to achieve close to HK$350 million, with 59% of lots sold above high estimates. The sales were highlighted by A Magnificent and Exceedingly Rare Huanghuali Folding Horseshoe-Back Armchair, Jiaoyi, Late Ming-Early Qing Dynasty, 17th Century from our Classical Chinese Furniture From Heveningham Hall sale. The highly sought-after work sold for HK$66 million, 5.5 times its high estimate, to establish a new world auction record for a huanghuali folding armchair.
We also had the privilege of presenting An Important And Extremely Rare Blue And White 'Kui Dragon' Jar, Xuande Six-Character Mark In Underglaze Blue Within A Double Circle And Of The Period (1426-1435) from the private collection of the esteemed Mr. Robert Chang, which was acquired for HK$31,450,000. Proceeds from the sale will benefit The Robert Chang Art Education Charitable Foundation. Collectors also heavily pursued the stunning array of ceramics offered in Dragons From The Empire – Imperial Ceramics From The Yidetang Collection, with A Very Rare Famille Rose Lemon Yellow-Ground ‘Nine-Dragon’ Deng and Cover, Qianlong Period (1736-1795) soaring above the pre-sale high estimate of HK$5,500,000 to realise over HK$11,000,000.
The exceptional Spring season also saw Asian Art Week in New York achieve a total of US$55 million, with global participation from over 41 countries and five continents. Unique visitors from over 117 countries visited the online sale landing pages and nine lots exceeded US$1 million.
The top lot of the series and across all auction houses was the Luboshez Gong from the Daniel Shapiro Collection, which sold for US$8,604,000. Six out of 10 top lots sold to Asian buyers, complemented by strong WeChat participation. Five world auctions records were set, including for a woodblock print of Hokusai’s The Great Wave and Francis Newton Souza’s 1946 work on paper, Family, while a monumental 3rd-to-4th century gray schist figure of Buddha Shakyamuni realised US$1,950,000.
The stellar results demonstrate the tremendous appetite for quality properties rarely seen on the market and is testament to Christie's global expertise in sourcing and curating works that speak to collecting trends. We are now inviting consignments for our upcoming Asian Art sales. Please feel free to contact our specialists worldwide for a complimentary and confidential valuation.
Interested in consigning?
We are now inviting consignments to our upcoming sales. Please contact us to arrange an appointment for a complimentary and confidential evaluation.