The First Art Newspaper on the Net   Established in 1996 United States Wednesday, April 25, 2018

Christie's Hong Kong Spring Auctions: 2nd Highest Total Ever with Sales Topping US$293.6 Million
Top quality Western contemporary art also proved to be in high demand when Andy Warhol's Mao sold well over the high estimate for HK$6.62 million (US$850,008), the first work by a Western artist to be offered in Christie’s Hong Kong Evening Sale. Photo: Christie's Images Ltd 2010.

HONG KONG.- Christie's concluded its six-day Spring sales with strong results that confirm the key position of Hong Kong as a major centre in the art and auction world and reaffirms Christie's dominant position in Asia. Totalling HK$2.29 billion (US$294 million) -- a 114% increase from Spring 2009 and a 39% increase from Autumn 2009 -- this sale marks Christie's second most valuable Hong Kong sale ever, just after its Spring 2008 sale at the peak of the market (HK$2.4 billion/US$311 million). With over 50 world records, and with two 'white glove' (100% sold) auctions, this season’s sale confirms the health of the Asian art market and the desire of Asian collectors to pursue the rarest and the best across different collecting categories.

"The art market in Asia is healthier than ever,” said François Curiel, President of Christie’s Asia. “The buzz in Hong Kong at the time of the auctions was like I have never seen before, with collectors from Mainland China, Hong Kong, and around Asia competing for the finest works the market had to offer. While the rest of the economy is still recovering around the world, there does not seem to be any sign of a slowdown in the art market in Asia,” he continued.

Songde Tang Collection of Chinese Modern Paintings
Fine Chinese Modern Paintings
Friday, May 28

The Fine Chinese Classical Paintings, The Songde Tang Collection of Chinese Modern Paintings, and the Fine Chinese Modern Paintings sales on the first day of Christie's Hong Kong Spring 2010 sales realised a combined total of HK$426,685,250 (US$54,786,386) – the highest ever achieved by any auction house in Hong Kong. The sales were 70% sold by value and 82% sold by lot, with the top lot - Birds and Flowers by Chinese classical painter, Hua Yan – selling for HK$19,140,000 (US$2,457,576/£1,688,148).

The day’s total value of HK$426.7 million (US$54.8 million) – the highest ever achieved by the category for any auction house in Hong Kong – marks a 20% increase over Christie’s Fall 2009 sales in November and reflects the continued appeal of, and the healthy market for, the Chinese Paintings category.

The strong results posted in the sale of Songde Tang Collection, a notable private collection showcasing the best of works by the masters of early 20th century China, underscore the continued allure of important works coupled with notable provenance. This collection was 95% sold by lot, 99% sold by value, and its total of HK$95.7 million was nearly three times its pre-sale estimate.

Strong Chinese buying was seen throughout the sales. Mainland Chinese buyers accounted for nearly three-quarters of the day’s total value. There was particularly strong demand from collectors for very best works offered, resulting in many lots soaring over their high estimates - Leng Mei's The Young Hercules (sold for HK$16.9 million/US$2.16 million) and Qi Baishi's Amaranth, Crickets, Persimmon and Peaches (sold for HK$10.6 million/US$1.36 million), each sold for multiples of their estimates.

Finest & Rarest Wines
Including the Liquid Gold Collection – Three Centuries of D’Yquem
Saturday, May 29

The Spring 2010 sale of Finest & Rarest Wines realized a record HK$40.3 million (US$5,173,590) – the highest total ever for a Christie’s wine auction in Asia. The star of the sale was the Liquid Gold Collection, a unique collection of Château d'Yquem vintages spanning three centuries which realise just over HK$8million, making it not only the most expensive wine lot ever sold at any auction in Asia, but also the most expensive wine lot ever sold globally by Christie’s.

Christie’s average lot value of HK$119,000 remains the season’s highest for any auction house operating in Asia and is more than double its primary competitor, underscoring Christie’s unwavering commitment to offering a selection of wines that stands apart from the competition with its focus on provenance, quality, and condition.

While the sale saw the continued growth in bidding activity on top Bordeaux First Growth, other notable results were achieved for classic Burgundies, Rhone, Champagne and a wide range of the greatest wines from Italy and Spain, indicating a growing Asian interest for the finest wines from a diverse range of countries.

Buyers from Greater China continue to compete at a very high level in Christie’s sale of wine around the world and were out in force in this particular sale. The day saw buyers from America, Europe and throughout Asia, with Mainland Chinese buyers accounting for the largest buying value of any country.

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

The Evening and Day sales of Asian Contemporary Art and Chinese 20th Century Art realised a combined total of HK$523.4 million (US$67.2 million), an increase of 85% over the category total just one year ago in Spring 2009, and nearly double the season total of the nearest international competitor.

The series began with the Evening Sale of Asian Contemporary Art and Chinese 20th Century Art that totalled HK$303 million (US$39 million) - three times over the estimate. With 100% lots sold, this is the first “white glove” auction for any Evening Sale in Asia. The momentum of the Evening Sale carried into the highly successful Day Sales that began in the early afternoon and lasted late into the night.

Leading the season’s selection of Chinese 20th Century Art was Chen Yifei's String Quartet in the Evening Sale, which broke a new auction record at HK$61.1 million (US$7.9 million). Works by Chinese modern artist Zao Wou-ki dominated the top lots in both the Evening Sale and Day Sale. And indeed, the successful sale of all seventeen works offered, which spanned his half-century career, demonstrates that this celebrated master stands as one of the most highly sought-after artists today.

The collection of Chinese Contemporary Art of Lawrence and Kathy Schiller of Southern California, led by Zeng Fanzhi's Mask Series which nearly doubled its high estimate to sell for HK$ 19.7 million (US$ 2.5 million), totalled HK$31.7 million (US$4.06 million). A portion of the proceeds has been donated to benefit the Animals Asia Foundation.

Looking across the wide spectrum of Asian Contemporary art offered this season, Chinese, Japanese and Korean art all posted impressive prices. Numerous records were broken, including works by Japanese artists Tomoko Konoike and Akira Yamaguchi, Korean artist Lee Jae Sam, and Chinese artists Ding Yi and Yu Youhan. Conversely, top quality Western contemporary art also proved to be in high demand when Andy Warhol's Mao sold well over the high estimate for HK$6.62 million (US$850,008), the first work by a Western artist to be offered in Christie’s Hong Kong Evening Sale.

With Asian buyers winning many of the lots among strong international bidding, it is clear that collectors in the region are more diverse than ever before, and that the Hong Kong art market has now firmly established itself as a formidable hub for modern and contemporary art. Beyond the exceptional participation from Asian collectors, this season also saw an ever-growing number of international participants, with buyers from Norway, Switzerland, Germany, France, Israel, the UK and the US, many of whom bid online through Christie's LIVE.

The Chinese modern masters remain particularly strong and highly sought-after by collectors again this season. Indeed, the Chinese 20th Century Art Day Sale’s total of HK$105 million marks a 14% increase over the sale total posted at the height of the market in Spring 2008.

This season’s results also point to a recovery in the prices of the Asian contemporary art market as average lot value in the Asian Contemporary Art Day Sale rose 10% over the Fall 2009 season and a total of 25 new artist records were set.

Southeast Asian Modern & Contemporary Art
Sunday, May 30

The Spring 2010 sale of Southeast Asian Modern and Contemporary Art totalled HK$44.5million (US$5.7 million), a 33% increase over the Fall 2009 total. More than 10 new artist records were set for established and emerging artists in both the modern and contemporary sections, including the top lot, Italian paintertraveller Romualdo Locatelli’s Bali picture, Young Balinese Girl with Hibiscus, which broke all previous records when it sold for HK$6.02million (US$773,000). The extremely rare and early work from Fernando Cueto Amorsolo, Lavenderas, sold for a resounding HK$3.38million (US$434,000), a new world auction record for the artist.

The results of this sale demonstrate clear depth in the Southeast Asian art market. New auction records were achieved by private and institutional buyers for the works of Indonesian artist Handiwirman Saputra and Filipino Geraldine Javier, whose Ella amo' apasionadamente y fue correspondida (For she loved fiercely, and she is well-loved) sold for nearly ten times its estimate. Indonesian I Nyoman Masriadi cements his place as the top contemporary artist of this market, with all four works by the artist in the sale’s top ten results. Bidding was also competitive on key modern works, resulting in two new auction records and strong prices on Indonesian, Filipino and Vietnamese works.

Nearly two-thirds of the sale sold for above the high estimate, and a total of 13 lots sold for over HK$1million, pointing to a clear appreciation of modern masterworks alongside invigorated bidding for quality contemporary lots from a broad Asian demographic. Compared to the sale total a year ago, this sale marks a 118% increase, and a resurgence of the Southeast Asian modern and contemporary art market.

Important Rhinoceros Horn Carvings from the Songzhutang Collection, Part II
The Imperial Sale
Important Chinese Ceramics and Works of Art
Monday, May 31

The Chinese Ceramics and Works of Art Spring auctions totaled HK$673.3 million (US$ 86.5 million). The day opened with the Songzhutang Collection of important rhinoceros horn carvings which totalled HK$237 million (US$30.4 million) – over seven times its pre-sale low estimate - and at 100% sold became the second ‘white glove’ auction of Christie’s Spring 2010 auction week..

The Imperial Sale, Important Chinese Ceramics and Works of Art that followed totalled HK$436.4 million (US$56 million), nearly double the pre-sale estimate. The highlight of the sale, a magnificent early Ming gilt-bronze Buddha from the Xuande period, doubled its unpublished pre-sale estimate to sell for a record HK$70.1 million (US$9 million). Also breaking a new auction record was the jadeite tripod censer and cover which more than tripled its pre-sale estimate when it sold for HK$34.3 million (US$4.4 million).

The strong results from Part II of the Songzhutang Collection of important rhinoceros horn carvings reflects the demand for top quality works in what is still a relatively new collecting category. This celebrated private collection, the finest known in private hands, was passionately assembled by a connoisseur over the span of 30 years. Following the successful sale by Christie’s in May 2008 of Part I of the collection, this season’s offering of Part II of this much-respected collection attracted tremendous pre-sale interest from collectors around the world. Brisk bidding in the room, on the telephone and online through Christie’s LIVE resulted in 6 lots selling for over US$1 million. The top two lots of the sale each realized a world record price of HK$39.9 million (US$5.12 million) - establishing a new benchmark in this collecting category. These precious carvings, traditionally highly prized among Chinese collectors, were hotly contested by a wide range of clients in the region and sold for many multiples of their high estimates.

Nearly half of all lots sold in the Imperial Sale, Important Chinese Ceramics and Works of Art auction sold above their high estimate. As in the sale of the Songzhutang Collection, there was energetic bidding in a standing-room only auction hall, where a bank of 20 auction house representatives were manning phones with international clients and numerous bids were received online through Christie’s LIVE. Buyers were both established and new clients to Christie’s, primarily from Greater China, but with a significant percentage of the sale selling to clients from Europe and North America. Imperial ceramics, jades and Buddhist sculptures were the most sought-after collecting sub-categories in the various-owner sale.

Christie's | François Curiel | Hong Kong Spring Auctions |

Last Week News

June 3, 2010

Jeff Koons Unveils and Signs His Psychedelic BMW Art Car at the Centre Pompidou in Paris

Artists with African Roots Exhibit at the Neue Nationalgalerie in Berlin

Getty Museum Puts Monumental Red-Figure Krater on View

Painting by Corot Purchased by Musée d'Art et d'Histoire in Geneva

MoMA Announces Exhibition of Abstract Expressionist Works

Marlborough Opens Exhibition of Works that Evoke Organic Forms

Nassau County Museum of Art Examines the Romantic Fascination of the Sea

Previously Unseen U2, Beatles, and Rolling Stones Photographs Up for Sale

Allegra LaViola Gallery Opens Show with Sculptural Works Attached to the Wall

Priska C. Juschka Fine Art Opens First Solo Exhibition by Samuel T. Adams

Bryce Wolkowitz Gallery Showcases a Wide-Ranging Body of Work

Rare 215 Year-Old Gold $10 Eagle Brings $117,000 at Inaugural Auction

Friedman Benda Presents Work by Post-War and Emerging Artists

Author Lynn Cullen Changes Book on Finding Portrait

Tiffany Studios, Contemporary Glass, and Diego Giacometti Work Highlights Bonhams' 20th Century Sale

Remains of Mexican Independence Heroes Undergo Analyses

7th Annual Edinburgh Art Festival Programme Unveiled

Guggenheim Study Reveals Importance of Education in Development of Problem-Solving Skills and Creativity

Facing the Artist: Portraits by John Jonas Gruen Opens at the Whitney

Chicago Tribune Begins Digitizing and Selling Archive Photographs

June 2, 2010

Madrid Opens László Moholy-Nagy Exhibition as Part of PHotoEspaña 2010 Festival

Seminal Masterpiece by Syed Haider Raza Leads Christie's Sale

Bruce Nauman's Days Fills MoMA's Special Exhibitions Gallery

Pennsylvania College to Return Stolen Letter by Descartes

Martin Scorsese Produces Picasso and Braque Go to the Movies

The Saatchi Gallery Opens Largest Show Since Moving to Chelsea

Roy Lichtenstein's Art Car at the Tel Aviv Museum of Art

The Schirn Dedicates a Survey to a Special Experimental Film Genre

2010 No Dead Artists Exhibition Announces Arts Professionals as Jurors

Duke of Northumberland Buys Back Second Ancestral Plate at Bonhams

Sketches and Models by Roman Signer at the Swiss Federal Institute of Technology

Founder of the FBI's Art Crime Team Publishes New Book

Guggenheim Announces Contemplating the Void Contest Winners

Public Art Project Presents Various Puppet Shows to Drivers Caught in Traffic

Hong Kong Affirmed as Asia's Art Hub as Region's Collectors Assemble at ART HK 10

Contemporary Louisiana Art on Display at the New Orleans Museum of Art

Important Collection of Animalier Bronzes to Sell at Bonhams

Nine Contemporary International Artists Question Traditional Mapmaking

Seldom Seen Oil Painting by LS Lowry is on Display at the Walker Art Gallery

Old Charge Resurfaces Against Prominent Tibetan

June 1, 2010

Influential French-born American Artist Louise Bourgeois Dies in New York City at 98

Rijksmuseum Exhibits Paintings of the Expansion of the City from the Golden Age

Prado Museum Exhibits Tapestry Series by Willem de Pannemaker

Sale of Important Chinese Ceramics and Works of Art Totals US$ 86,452,715

It's Never Too Late: Carlos Urroz Returns to ARCOmadrid

Ode to Winter by Helena Vieira da Silva to be Auctioned at Sotheby's

PHotoEspaña 2010 Opens with an Exhibition by Collier Schorr

Forty Drawings Made by Hanns Schimansky at Galerie Jaeger Bucher

Christie's Asian Contemporary and 20th Century Art Sales Total $67.2 Million

British Sculptor Antony Gormley Eyes Public Art in Asia

Serious Art Collectors Appraise their Fine Art For Insurance Purposes

Julian Opie Takes His Human Figures to the Valencian Institute for Modern Art

Fallingwater Announces Winner of Design Competition for On-Site Cottages

UK's Longest Running Photography Festival Celebrates 20 Years

WW Gallery Presents 17 Time-Keepers and Chroniclers in New Exhibition "Time"

Gantt and McColl Centers Unite to Highlight Culture and Diversity Initiatives

First Solo Show in Spain Devoted to Bas Jan Ader's Work Opens

New Book Catalogs Unique Collection of Rare Antique Chinese Porcelain

Florentine Codex, Great Intellectual Enterprise of 16th Century

May 31, 2010

Exhibition of Drawings by Pablo Picasso Opens in Argentina for the First Time Since 1934

Old Master Paintings from a Private Collection to Be Offered at Sotheby's

Sale of Southeast Asian Modern and Contemporary Art Realizes HK$44.5 Million

Collection of Italian Paintings Exhibited in Its Entirety for the First and Only Time

New Book "Leo and His Circle" by Annie Cohen-Solal Tells the Life of Leo Castelli

Works to Go on Display at the 37th London International Fine Art Fair at Olympia

Carefully Curated Ensembles of African & Oceanic Art to Be Offered at Sotheby's

American Academy in Rome Awarded 2010 McKim Medal to Miuccia Prada

Caravaggio's Friends and Foes Opened at Whitfield Fine Art

Exhibition Between IMMA and Art Alongside Opens at Wexford Arts Centre

Comic Hero Tintin Nets $1.3 Million in Auction at Drouot-Montaigne

Moderna Museet Presents Paintings from the Last Five Decades by Ed Ruscha

Gothic Art Collection Back at Popular Rhode Island Mansion

Hans P. Kraus Jr. to Show Landmark Works from the Early History of Photography at Art Basel

Gesellschaft für Aktuelle Kunst Opens One Fine Morning in May...

Artist Anita Glesta Creates CENSUS Public Art Project

The Vader Project Helmets to Be Sold at Auction

Silver Forged Mexican History Exhibited

Phillips de Pury & Company to Launch New Uptown Space in New York

May 30, 2010

Hamburger Bahnhof Opens First Major Exhibition of American Artist Bruce Nauman in Berlin

Diana's Daring Black Dress Goes on the Auction Block

Actor, Filmmaker and Artist, Dennis Hopper Dies at 74 in California

Advanced Technique, RTI, Used to Decipher Maya Glyphs

Exhibition Offers Unique Opportunity to Enter Mike Kelley's Studio

Museum Langmatt Celebrates Anniversary by Swiss Video Artist Pipilotti Rist

Alexandra Exter Retrospective Opens at the Moscow Museum of Modern Art

Candid Photographs from 1950s-1970s at the Art Gallery of South Australia

New Paintings by Mark Harrington at Edward Cella Art + Architecture

Whitney Announces Exhibitions of Artists Working with Performative Actions

Christie's Sale of Asian Contemporary and Chinese 20th Century Art Totals $39 Million

Offerings to Tlaltecuhtli to be Exhibited at Moctezuma II

American Artist Eduardo Kac Presents an Exhibition at Gallery [DAM]Berlin

Glastonbury Paintings by Kurt Jackson Auctioned for Charity

Liverpool's Slavery Museum Expansion Plan Approved

Sotheby's Presents Furniture, Silver & Old Master Paintings Formerly from the Collection of Madame Antenor Patiño

David Bomberg Burton-on-Trent Bomb Store Picture to Sell at Bonhams

Lowave Releases New DVD on Experimental Film and Video Art from the Middle East and North Africa

Regency Caricatures Saved for Brighton's Royal Pavilion

May 29, 2010

The Global Art World Gathers in Hong Kong for the City's Third International Art Fair

Albertina Opens Major Survey of Printed Works by Alex Katz

Christie's to Present Magnificent Gustav Klimt Portrait in London

Cuban Voodoo-Variant Art Tops Sotheby's Latin American Sale

New York Judge Urges Settlement in Obama Poster Dispute

New York Public Library President Receives Spanish Civil Order

Tiffany's Dazzling Designs at the Virginia Museum of Fine Arts

Group Exhibition of Street Art on View at Affirmation Arts

Internationally Renowned Director to Lead The San Diego Museum of Art

Christie's to Present an Important Auction of Orientalist Masterpieces

Exhibition of Voyeurism, Surveillance and the Camera Opens at Tate Modern

Miniature Chinese Art Makes World Record Prices at Bonhams

Artist Fred Tomaselli to Have Solo Exhibition at the Brooklyn Museum

Athens' Parthenon Scaffold-Free for First Time in Years

Amon Carter Museum Exhibits Ansel Adams Photographs

New Book Features Candid Photographs from Ivy League Universities by Teruyoshi Hayashida

Europeana Public Domain Charter: Libraries, Museums and Archives Support Europe's Heritage

Most Comprehensive Exhibition of Work by Atlanta Artist Radcliffe Bailey to Premiere at the High

Phillips de Pury & Company's Africa Auction Totals $1,401,038

INAH, Candidate to Win Prince of Asturias Award

Most Popular Last Seven Days

1.- Boy and an amateur archaeologist unearth legendary Danish king's trove in Germany

2.- Exhibition at The Met illustrates what visitors encountered at The palace of Versailles

3.- Philadelphia Museum of Art opens "Modern Times: American Art 1910-1950"

4.- Exhibition at Michael Hoppen Gallery presents a cross-section of works from Thomas Mailaender's career

5.- New York's Chelsea Hotel celebrity door auction raises $400,000

6.- Stevie Ray Vaughan's first guitar drives Entertainment & Music Memorabilia Auction to nearly $2.9 million

7.- Lichtenstein's Nude with Blue Hair tops $2.4 million sale of Modern & Contemporary Prints & Multiples

8.- $6.7 million Fancy Intense Blue Diamond sets auction record at Sotheby's New York

9.- Mexico court blocks sales of controversial Frida Kahlo Barbie doll

10.- Dutch museums to conduct new research on the paintings of Pieter de Hooch

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