Chinese Paintings sales achieve HK$451 million/US$57.8 million in Hong Kong

Over 40 per cent of lots sold above high estimate at Christie’s Hong Kong. Strong bidding and sell through rate for the Chokaido Museum Collection

On 27 and 28 May 2019, Christie’s held three live auctions of Chinese Paintings: Chinese Contemporary Ink, Fine Chinese Classical Paintings and Calligraphy, and Fine Chinese Modern Paintings, plus an online sale, Exquisite Eye: Chinese Paintings, which ran from 20-27 May. The sales combined realised a total of HK$451,688,750 /  $57,807,036.

The highlight from this series was Poems in Large Running Script  by Wen Zhengming. After 35 minutes of intense bidding, the work sold for over five times its low estimate (including buyer’s premium), realising HK$83,227,500 / $10,651,439.

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A further highlight was the work Calligraphy in Running-Cursive Script  by Yao Shou, which achieved multiples of its low estimate, realising HK$36,692,500 / $4,695,899, a new world record price for the artist at auction.

The Chokaido Museum collection of eight works was 100 per cent sold, achieving over five times its aggregate low estimate.

Following the success of these sales, we are now inviting consignments for our upcoming Chinese Paintings auctions. If you are interested in selling with Christie’s or exploring the market, please contact us for a complimentary and confidential valuation.

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