The First Art Newspaper on the Net   Established in 1996 United States Saturday, April 21, 2018

Christie's Hong Kong Autumn 2009 Auction Series Totals US $212.5 Million
A Christie's auctioneer conducts a sales session during Christie's Hong Kong Autumn Auctions 2009 at the Hong Kong Convention and Exhibition Centre December 1, 2009. Christie's, hit by anaemic spring sales due to the financial crisis, had been banking on the current autumn sales in Hong Kong, now the firm's third biggest arts hub after New York and London, for a reversal of fortunes. REUTERS/Tyrone Siu.

HONG KONG.- Christie's Hong Kong completed its five-day Autumn sales with strong results across the board in Asian art, watches, jewelry and wine. Totaling HK$1.65 billion/US$ 212.5 million/£ 128 million, the results show a robust recovery of the art and auction market, giving Christie’s a 58% market share for the year in Asia. Records were achieved in a range of categories, including Chinese modern paintings and works of art, Asian contemporary art, watches and jewelry, reaffirming the consistent demand by collectors for the best and rarest.

As confidence returns to the global economy, collectors – the majority being private buyers from Asia (86.4%) and Greater China (69%) – showed increasing sophistication and persistence in their bid for works they wished to acquire.

“We are seeing a return of passion in the art market.” said Andrew Foster, President of Asia at Christies. “From the record-breaking Vivid Pink diamond to the record prices achieved for works by Chinese 20th Century Chinese artist Chu Teh-chun and modern Chinese painter Fu Baoshi, we could see collectors buying what they are passionate about, and consignors being rewarded for their confidence.”

Ed Dolman, Chief Executive at Christie’s, also commented, “Our Hong Kong sales clearly indicate the tremendous potential of the Asian art and auction market, and we believe the momentum of these sales will play a crucial role in driving a real recovery. This revival will no doubt inject renewed confidence among consignors to return to the art market.”


Fine Chinese Modern Paintings
Fine Chinese Classical Paintings and Calligraphy
Sunday, November 29

Christie’s Autumn sales of Fine Chinese Modern Paintings and Fine Chinese Classical Paintings and Calligraphy realized a combined total of HK$349 million (US$45 million) – the highest total ever for Christie’s Hong Kong in this category. The morning session of Fine Chinese Modern Paintings totaled HK$208 million (US$26.8 million) and was 90% sold by value, and 84% sold by lot. This sale saw a new world auction record for Chinese artist Fu Baoshi with Landscape Inspired by Dufu Poetic Sentiments, a monumental work that sold HK$60 million (US$ 7.7 million), far-exceeding its pre-sale estimate of HK$35million. The Fine Chinese Classical Paintings and Calligraphy sale which followed totaled HK$141 million (US$18.2 million) and was 95% sold by value, 76% sold by lot. The top lot - a handscroll by Ren Renfa entitled Five Drunken Kings Return on Horses - sold for HK$ 46.6 million (US$ 6 million), more than seven times its pre-sale estimate.

Market Update: The results from the Chinese Modern and Chinese Classical Paintings sales indicate a consistent demand from collectors for top quality and rare works with important provenance that are sourced from around the world. The strength of the market is clear from the large proportion of sold lots over the high estimate - 70% in both sales - with some lots exceeding their high estimate by six or seven times. These strong results reflect the continued appeal of, and the robust market for, the Chinese Paintings category.

Asian Contemporary Art and Chinese 20th Century Art Evening Sale
Asian Contemporary Art Day Sale & Chinese 20th Century Art Day Sale
Sunday, November 29- Monday November 30

The Evening and Day sales of Asian Contemporary Art and Chinese 20th Century Art show a robust recovery of the art market in Asia, achieving a combined total of HK$389.3 million (US$50.2 million) which represents a 48% increase over the Autumn 2008 season. The sales were a combined 93% sold by value and 74% sold by lot. Leading the three sales this season was Chu Teh-Chun’s Vertige Neigeux which sold in the Evening Sale for HK$45.5 million (US$5.9 million) – a new world auction record for the artist.

The momentum of the Evening Sale continued with the two Day Sales that followed. The Chinese 20th Century Art Day Sale totalled HK$72.2 million (US$9.3 million) with 97% sold by value and 83% sold by lot. Following the new auction record for Chu Teh-Chun, Hivernale A¸ another of the artist’s snow scene-themed works, sold for HK$7.34 million (US$947,000), over three times its pre-sale high estimate. The Asian Contemporary Art Day Sale totalled HK$54.5 million (US$7 million) with 85% sold by value and 69% sold by lot. Among the artist records set were Li Chen’s Pure Land which fetched HK$2.9 million (US$374,000) and Zeng Fanzhi’s Study for Mask Series 1998 which set a new auction record for a work on paper by the artist at HK$1.7 million (US$219,000).

Market Update: With the average lot value across these three sales increasing 26% compared to the Spring 2009 season and with 67% of the series offerings selling over their high estimate, these results reflect the continued demand and global interest in these dynamic categories. The Chinese modern masters remain particularly strong and highly sought-after by collectors again this season. In addition to the record price for Chu Teh-Chun, the Evening Sale posted impressive results for Zao Wou-Ki and Sanyu. Potted Flowers in a Blue and White Jardinière from Sanyu fetched the third highest price ever achieved for the artist at auction at HK$ 34.8 million, nearly three times its high estimate. Zao Wou-Ki’s 19-11-59 sold for HK$30.3 million (US$3.9 million), also the third highest result for the artist at auction. The top five lots of the Day Sale each soared high above estimates, underscoring the competitive bidding and strong demand for works from China’s modern masters.

The results of this season’s Asian contemporary offerings reveal a market that continues to show a growing sophistication and a sincerity in buyers pursuing what they like, as seen in the new record for contemporary Japanese-American artist Masami Teraoka in the Evening Sale and the record for a work on paper by Zeng Fanzhi in the Day Sale. While the contemporary offerings saw active cross-buying from buyers around Asia, the top ten results of the Day Sale also comprise 6 Chinese artists, 3 Korean artists and 1 Japanese artist. These results reinforce Christie’s foresight in presenting the diversity of Asian contemporary art in a single consolidated sale, a concept pioneered by the auction house in 2005.

Southeast Asian Modern & Contemporary Art
Monday, November 30

The Autumn 2009 auction of Southeast Asian Modern and Contemporary Art saw upbeat results with total sales of HK$33.5 million (US$4.3million) and strong selling rates of 95% sold by value, 78% sold by lot. Impressive prices across the board were driven by Asian private collectors, with 64% of the lots selling above their high estimate. These results - a 64% increase over the Spring 2009 season total - mark a resounding vote of confidence for the category’s modern masters and the rebound of the Southeast Asian contemporary art market.

Market Update: Indonesian modern art led the way triumphantly, with two works by Lee Man Fong, Man with horses and Doves, seeing passionate bidders driving the prices of both works to multiple times their estimates. Strong offerings from Affandi and Hendra Gunawan were received favourably by the market as well. Following on the committed bidding for these works were noteworthy prices registered for modern art from Thailand, Malaysia, Singapore, Vietnam and the Philippines, demonstrating the depth and appeal of a truly Southeast Asian modern art market.

First-rate contemporary works maintained their lustre with discerning buyers from well beyond Asia competing for quality works. Indonesian I Nyoman Masriadi's Master Yoga recorded the notable price of HK$3.62 million (US$467,000) - the highest paid for the artist at auction anywhere this year. Also of note in the contemporary section were the impressive results for Geraldine Javier, Handiwirman Saputra, Gede Mahendra Yasa, as well as encouraging results for emerging and first-time-at-auction artists such as Sugiyo Dwiarso.

Important Chinese Lacquer from the Lee Family Collection, Part II
Important Chinese Ceramics and Works of Art
Tuesday, December 1

Christie's Autumn 2009 sales of Important Chinese Ceramics & Works of Art realized a combined total of HK$371 million (US$48 million) - an increase of 15% over the Spring 2009 season. The sale of Important Chinese Lacquer from the Lee Family Collection, Part II totalled over HK$90 million (US$11.6 million) and was 87% sold by lot, 95% sold by value. The sale of Important Chinese Ceramics & Works of Art that followed totalled HK$281 million (US$36.4 million). Leading the season’s offerings was a magnificent carved cinnabar lacquer square tray depicting figures in a landscape from the Ming dynasty, Hongwu period (1368-1398). Superbly carved and formerly in the collection of Sir John Figgess, this work fetched HK$25.3million (US$3.3million), a record for a cinnabar lacquer tray.

Market Update: The strong results from Part II of the Lee Family collection of Chinese lacquer reflects the firm demand for top quality works in what is still a relatively new collecting category. Works from this much-respected collection attracted tremendous pre-sale interest from collectors around the world, who were eager to acquire museum-quality pieces which had been selected with enormous care over a 30-year period by one of the most knowledgeable collectors in this field, K.T. Lee. Enthusiastic bidding came from a range of international clients, with noticeable participation from established collectors in the West. In addition to the top price of the day with the record cinnabar lacquer tray, this sale saw a record price paid for a Chinese mother-of-pearl inlaid lacquer with an outstanding and extremely rare Yuan dynasty (1279-1368) mother-of-pearl inlaid octagonal box and cover that sold for HK$20.8 million (US$2.7 million).

International bidding was significant throughout all collecting categories, with participation from Mainland Chinese clients even more prominent this season - by comparison with Autumn 2008, the number of successful Mainland Chinese buyers increased 63%. Among the most sought-after works in the sale of Important Chinese Ceramics & Works of Art were important ceramics made for the Qing court- a collecting category that is a perennial favourite with today’s collectors. Works of significant provenance performed extremely well, as evidenced by the superb white jade buffalo from the Qianlong period (1736-1795) formerly in the collection of the famous Dutch industrialist and collector Hugo Tutein Nolthenius, which sold for HK$20.8 million (US$2.7 million). The well-established provenance of this work, combined with its freshness to the market, helped ensure that this delightful sculpture was the highest sold jade in the sale.

Christie's | Andrew Foster | Hong Kong Autumn Auction |

Last Week News

December 2, 2009

New Medieval and Renaissance Galleries Open at the Victoria & Albert Museum

Art Basel Miami Beach Galleries and Organizers Expect Collectors

A Child's Portrait, Looted During the War, is Returned to Its Owner

Andrew W. Mellon Foundation Awards the Frick Collection a $1 Million Grant

Two Newly-Discovered Still Lifes by Adriaen Coorte Soar Above Estimate

Sotheby's Week of Russian Art Sales Totals $31.9 Million

Large-Scale Sculpture by David Altmejd Acquired by Dallas Museum of Art

"Synecdoche", Watershed Work by Byron Kim, Installed at the National Gallery of Art

Huntington Names Its First Curator of American Decorative Arts

Art Madrid Announces 5th Edition to Open in February 2010

Museu d'Art de Catalunya Celebrates 75th Anniversary with Exhibition

Hauser & Wirth to Present Works by Jakub Julian Ziolkowski at Art Basel Miami

Ukrainian Museum Claims It Owns a Portrait of a Venetian Doge by Titian

Pirate Exhibit in Norfolk Taps into Pirate Craze

Conner Contemporary Art Announces Leo Villareal Commissioned by Tampa Museum

Brilliant Prices Achieved at Sotheby's Contemporary Art Sale in Milan

"Wisdom of the Mountain: Art of the Omie" at the National Gallery of Victoria

Norman Rockwell Headlines December American Paintings, Drawings, and Sculpture Sale

New York Academy of Art Names Peter Drake Dean of Academic Affairs

China Appeals to Rival Taiwan with Ancient Treasures

December 1, 2009

Max Ernst Museum Presents 150 Works of Art by US Filmmaker David Lynch

Sotheby's London Sale Of Rediscovered Fabergé Totals $11.6 Million

Royal Society Launches New Interactive Timeline "Trailblazing"

Baltic Center for Contemporary Art Announces Partnership with Sky Arts

Miami Art Museum Names John Wetenhall Interim Director

Sotheby's Sale to Feature Rare Group Of Medieval Gargoyles

Display Celebrates Anniversary of Jane Bown's Relationship with 'The Observer'

Museum of Anthropology in Vancouver Introduces New Brand

Anish Kapoor to Make Rare Appearance to Sign Copies of New Monograph

Andrew Wyeth Painting on View for Limited Time at the Dayton Art Institute

Ellen Harvey's Solo Project "The Room of Sublime Wallpaper" to be Shown at NADA

Life According to Wilhelm Sasnal at the CAC Málaga in Spain

Paris Evolution Sale: from Dinosaurs to Space Diapers

From Russia with Love: Bonhams Attracts 1.9 Million for Russian Art Sale

Freeman's Announces Books, Manuscript, Maps, Prints & Posters Auction

Clothes Show Live Announces Shortlisted Entries

Attendance Boom at the New Ars Electronica Center

Classical Paintings Shine at Christie's in Hong Kong

Duke of Northumberland Buys Back Ancestral Plate in 1 Million Meissen Sale

Bonhams to Make Its Impression on the Recovering Art Market

November 30, 2009

Russian Art Week Sales Expected to Reach $81 Million for Auction Houses in London

Rhode Island Museums Consider Relocating Sarcophagus

Tomoo Gokita, the Clayton Brothers and Erik Parker Join STAGES for Miami Show

Van Ham to Auction Numerous Works by Established Photographers

First Major Survey of the Work of American Artist Zoe Leonard at MUMOK

Walk-In Sculpture, Tekrar Level Four, by David M. Abir, at PULSE Miami

Bozar Presents an Extensive Multidisciplinary Mexico Festival

"A" is for Aivazovsky as Bonhams Russian Sale Boasts a Cyrillic Who's Who

Solo Exhibition for Navid Nuur at Kunsthalle Fridericianum

Elms Lesters Painting Rooms to Show New Prints by Jose Parla

Group Exhibition at Siemens Sanat Shows Melancholy of Compassion

Free Bob Dylan Photograph to be Offered with "A Complete Unknown" Book

Durban Segnini Gallery Presents Works by Venezuelan Artist Milton Becerra

Biennial of Young European Creation Completes First Stage at Montrouge

Chazen Museum of Art Announces Contemporary Mechanical Sculpture Exhibition

National Museum of Cultures in Mexico Receives Donation from Cyprus

Red Dot Art Fair to Run Concurrent to Art Basel Miami Beach

Next Art4Barter to Open December 4 at Ven and Vaida Gallery

New Date for CIRCA Puerto Rico '10 & Cooperation with Art Beijing'

Some One Hundred French and International Galleries Invited to ArtParis + Guests

November 29, 2009

Kunsthalle Dusseldorf Eats the Universe with Exhibition of Art Made with and Involving Food

One of the Greatest of All Illuminated Manuscripts to be Exhibited at the Morgan

Museum Rethinks its Collection and Presents the Museum of the 21st-Century

Major Picasso Exhibition Featuring Unique Paintings at Heather James Fine Art

Iconic Ansel Adams Print Going Up for Auction at Swann Auction Galleries

Canadian Photographer Edward Burtynsky Presents "Oil" at Huis Marseille

Ei Arakawa Invites Artists for Exhibition at Kunsthalle Zurich

Bonhams New York Presents First Coins and Banknotes Sale

Michael Lee-Chin Crystal Cited as Architectural Marvel

Catch Only West Coast Presentation of Luc Tuymans at SFMOMA

Dual Exhibitions by Acclaimed Polish Artists to Open at Modern Art Oxford

Koudelka's Legendary Photographs of the Prague Invasion to be Shown in Miami

Raffles College of Design Fashion Grads Compete for Akira Internship

Hannah Maybank Opens Third Solo Exhibition at Gimpel Fils

December UBS 12 x 12 at Chicago's MCA Presents Carrie Schneider

London-Based Pakistani Artist Brings Unique Artworks to Dubai

Yuriko Lochan Creates a New "Self" Portrait in Her Solo Exhibition at Alliance Francaise

Kessling Vs. Kessling 2009 at the Modern Artists Gallery

Exhibition at Cantor Arts Center will Celebrates Donors' Vision and Generosity

Chichen Itza Gets Greener

November 28, 2009

Tokyo Opera City Art Gallery Shows Exhibition by Influential Designer Verner Panton

Sotheby's to Sell, "Elephant" (Purple), a Unique Work by Jeff Koons

Pinacotheque de Paris to Show Edvard Munch or the "Anti-Scream"

Posters Everywhere: Product Advertising through the Medium of the Poster

Bologna's International Art Fair, Arte Fiera Art First, Announced

Sale of Masterworks from Band Estate Carries Heffel Auction to $20.8-Million Sale

Lenin Statue Vandalized by Ukrainian Nationalists in Kiev

Serpentine to Celebrate 40th Anniversary with Richard Hamilton Exhibition

Frans Hals Museum to Show Exhibition of the First Woman to Become Masterpainter

800 Unpublished Drawings from the Venetian 19th-Century to Go on View

Stadel Museum Examines Works by Frankfurt Artist Who Died at Age 23

Sotheby's Swiss Art Sale Highlights Works by Giacometti, Hodler and Vallotton

ArtSway Announces Exhibition of New Work by Dave Lewis

First Full-Scope Solo Exhibition of William E. Jones in Europe Announced

Green Art Gallery in Dubai to Open Nazif Topcuoglu Exhibition

Fotomuseum Winterthur Opens Exhibition of Photographs by Graciela Iturbide

Group Show of Color Photographs Opens at Michael Hoppen Gallery

Exhibition to Inaugurate New de la Cruz Collection Contemporary Art Space

Michael Landy: The New National Gallery Associate Artist

Prague Museum Depicts Country's Communist Past

November 27, 2009

Frantisek Kupka Exhibition at Fundación Miró Explores His Influence on Abstract Art

Scottish National Gallery of Modern Art Re-Hangs its Collection

New Permanent Galleries and Display Spaces at the National Gallery of Australia

Metropolitan Museum Exhibitions Create $593 Million Economic Impact for NY

Sotheby's to Sell the Pierre Leroy Collection of Modern & Contemporary Art

Kirsty Young to Chair Judging Panel for 100,000 Art Fund Prize

Nineteen New Paintings by Damien Hirst on View at White Cube

John Zinsser Presents Second Solo Show at James Graham & Sons

Winner of Award for Scottish Artists to be Announced at the Fleming Collection

First Permanent Artwork for London Underground Since 1984

Photographer Michel Demanche Wins Holgapalooza National Competition

Government of Greece to Restore Birthplace of Classical Theater

Mohsen Makhmalbaf Wins 2009 Freedom to Create Prize

IVAM Presents the Exhibition "Bernardi Roig: Must Shadows Dance"

Anglo-Saxon Gold Find Worth $5.5 Million

Landmark Photographic Exhibition, A Positive View, Announced

NEA Chairman Rocco Landesman is Thankful that Art Works in his Hometown of St. Louis, Missouri

6th Annual Sculpture by the Sea, Cottesloe Announced

V&A and Iran Heritage Foundation Announce the Creation of a New Post

First Book to Deal with Relationship Between Titanic Home Port of Liverpool Published

Most Popular Last Seven Days

1.- John Surtees' one-owner 1957 BMW 507 to be offered for the first time at Bonhams Festival of Speed sale

2.- Antiques looted in Libya by IS sold in Spain, two experts arrested

3.- The world's oldest bridge to be preserved by the British Museum's Iraq Scheme

4.- Exquisite jewels dazzle in historic Cartier exhibition at the National Gallery of Australia

5.- Now showing in US cinemas: "Hitler VS Picasso and The Others" directed by Claudio Poli

6.- New York's Metropolitan Museum of Art returns stolen idols to Nepal

7.- Glasgow starts a year of celebration as Charles Rennie Mackintosh exhibition opens

8.- Very rare Qing Dynasty bowl sells for $30.4 million

9.- Gardner Museum publishes "Stolen" book about 13 works in 1990 theft

10.- Royal Ontario Museum announces appointment of Curator, Islamic Art & Culture

Related Stories

Christie's announces auction marking the first half century of the popular and luxurious interiors shop Guinevere

Christie's New York wraps 2012 with over $163 million in jewelry auction sales

Christie's sale of masterpieces formerly in the Collection of Monsieur and Madame Riahi realises $31.9 M

Christie's presents a week-long series of auctions devoted to magnificent jewels, watches, wine and design

Christie's Launches Spring 2011 Season of Post-War and Contemporary Art with First Open

Most Important Peploe Ever to Come to Auction Leads Scottish Colourist Paintings at Christie's

Extravagant Official Publishing Entreprise Leads Christie's Auction of Books and Manuscripts

Christie's Celebrates American Artistry and Craftsmanship with Exceptional Offerings

Christie's International Leads the Market for Watches in Europe, Asia, and the America's

Important 20th Century Decorative Art and Design Works Shine at Christie's New York

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
Founder's Site. The most varied versions
of this beautiful prayer.
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful