Important works by prominent modern Chinese artists dominate Sotheby's
Hong Kong 20th Century Chinese Art Fall Sale. The top-ten included:
Top Lot - Sanyus Potted Chrysanthemums sells for HK$30.9 million / US$3.96 million (Est. HK$20 30 million / US$2.6 3.8 million)
Wu Dayus Untitled - 37 sells for over HK$9 million / US$1.16 million multiplying the estimate (Est. HK$3.5 5 Million / US$448,700 640,000) an auction record for the artist.
Chu Teh-Chuns Complexité Hivernale sells for HK$21.94 million / US$2.8 million more than doubling the estimate (Est. HK$10 - 16 million / US$1.2 2 million)
Zao Wou-Kis 22.3.61 sells for HK$15.22 million / US$1.95 million far exceeding the estimate (Est. HK$9.8 16 million / US$1.3 2 million)
All of the 11 lots by David Wu Ject-key sold mostly far above high estimates.
Sylvie Chen, Sothebys Head of 20th Century Chinese Art, said, The 20th Century Chinese Art sale today achieved 90% sold by lot and 85.5% sold by value. Our international team of experts together with the continued support from private collectors assembled a comprehensive and exciting range of works from Europe, the United States and all over Asia. Highlights included Sanyus Potted Chrysanthemums, which sold for HK$30.9 million / US$3.96 million (Est. HK$20 30 million / US$2.6 3.8 million) and Chu Teh-Chuns Complexité Hivernale, which sold for HK$21.94 million / US$2.8 million to more than double its presale estimate (Est. HK$10 - 16 million / US$1.2 2 million). Zao Wou-Kis 22.3.61 achieved HK$15.22 million / US$1.95 million, far exceeding the estimate of HK$9.8 16 million / US$1.3 2 million. Wu Dayus Untitled - 37 brought over HK$9 million / US$1.16 million, multiples of its estimate of HK$3.5 5 million / US$448,700 640,000, setting Auction Record For The Artist.
In addition to these strong prices for the masters of 20th Century Chinese Art, this season we specially introduced 11 lots by David Wu Ject-Key, an often neglected artist who had been one of the earliest Chinese artists to study abroad, having spent time in North America. Collectors responded well and nearly all of the works on offer brought far above their pre-sale estimates.
The sales of Fine Chinese Paintings and Important Watches will be held tomorrow at 10 am and 11 am respectively at the Hong Kong Convention and Exhibition Centre.
* Estimates do not include buyers premium