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Sotheby's Achieves US$4,680,000 for Sanyu's Masterpiece
Sotheby’s achieved the second highest auction price for Sanyu. Photo: Sotheby´s.
HONG KONG.- Today at Sotheby’s Hong Kong 20th Century Chinese Art Autumn Sale 2009, Sanyu’s monumental Lotus et Poissons Rouges commanded HK$36,500,000/ US$4,680,000, selling to a Chinese buyer over the telephone after heated competition with five other bidders from across Asia (est. HK$15-25 million/ US$1,940,000-3,230,000).

Sotheby’s achieved the second highest auction price for Sanyu as well as an auction record for a landscape painting by the artist for this rare masterpiece, which has been unseen by the public for over half a century.

Zao Wou-ki’s 7.4.61 was sold for HK$15,780,000/ US$2,023,077 against an estimate of HK$8-12 million/ US$1-1.5 million. After an intense bidding battle between at least three bidders, this significant work was eventually sold to an anonymous bidder in the room.

Lily Lee, Sotheby’s Head of 20th Century Chinese Art Department said, “We were pleased with the results we achieved today, particularly for the masterworks by Sanyu and Zao Wu-ki. We recognized Lotus et Poissons Rouges immediately as a work of exceptional importance, carefully cultivating top collectors through our pre-sale efforts to result in the atmosphere that created the strong price achieved today. This demonstrates once again that collectors are willing to pay premium prices for noble, seminal works that are fresh to the market. We are honored to have been entrusted to sell such extraordinary paintings, and we look forward to offering more quality, rare works with great provenance to the market.”

Sotheby's | Zao Wou-ki | 20th Century Chinese Art Autumn Sale | Lily Lee | Lotus et Poissons Rouges |




Today's News

October 7, 2009

Over 120 Rarely Exhibited Letters by and to Vincent van Gogh on View

Musée du Quai Branly Opens Exhibition of the Legendary Teotihuacan

LACMA Announces First Exhibition Devoted to Renoir's Late Work

Sotheby's Achieves US$4,680,000 for Sanyu's Masterpiece

Exhibition at Pinacotheque de Paris Focuses on the Dutch 17th Century

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Advocacy Program World Monuments Fund Announces 2010 Watch List

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Salvador Dalí Exhibition Leaves Melbourne a Huge Success

Norton Simon Announces The Familiar Face: Portrait Prints by Rembrandt

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Modern and Contemporary Sculpture in the Meadows Collection Opens

Exhibition Featuring Luo Ping Goes on View at Metropolitan Museum

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Sotheby's to Present for the First Time Arab and Iranian Art in Its Main Contemporary Art Auction

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