The First Art Newspaper on the Net Established in 1996 United States Saturday, October 25, 2014


Sotheby's Hong Kong Fine Chinese 2010 Autumn Sale Fetches US$52.2 Million
Works by other Chinese masters such as Zhang Daqian and Qi Baishi also achieved strong prices.
HONG KONG.- Today, on the 4th day of the seven-day Sotheby’s Hong Kong Autumn 2010 sales series, the sale of Fine Chinese Paintings achieved triumphant results. The sale commanded HK$407 million / US$52.2 million (est. HK$120-174 million / US$15.4-22 million), establishing Sotheby’s Highest-Ever Total for a Various Owners Sale of Fine Chinese Paintings. All but three of the 270 works offered found buyers, which represents and builds on the solid success of our Spring 2010 sale.

The top lot of the sale is Fu Baoshi’s Court Ladies which sold for HK$33 million / US$4.2million, multiplying its pre-sale estimate (HK$5-7 million/ USD 640,000-890,000). Works by other Chinese masters such as Zhang Daqian and Qi Baishi also achieved strong prices.

C.K. Cheung, Head of Sotheby’s Fine Chinese Paintings Department, commented: “Chinese Masters such as Zhang Daqian, Fu Baoshi and Qi Baishi and many others triumphed today. These remarkable results, in which all but three of the 270 works offered found buyers, represent Sotheby’s highest-ever total (HK$407 million / US$52.2 million) for a Various Owners sale of Fine Chinese Paintings and build on the solid success of our Spring 2010 sale. They demonstrate that discerning buyers will respond enthusiastically to a carefully-curated sale of high-quality paintings and calligraphy, which offer thematic diversity, rarity, historical significance and freshness to the market.

Twenty-two Paintings and Calligraphy from the Collection of Chai Sian Kwan (Lots 1128-1149) performed exceptionally well as Chinese buyers throughout Asia sought works with the renowned provenance of a collector who was known not only for his discerning eye but also the special relationships he enjoyed with many of the artists whose works he collected. Our strategy of conservative presale estimates encouraged bidders to vigorous competition throughout the sale and 91% of the lots achieved prices with premium in excess of the high estimate.”

Sold by lot: 98.9%
Sold by value: 99%

Upcoming auctions:
October 6 – Important Watches and Magnificent Jewels and Jadeite
October 7-8 – Fine Chinese Ceramics and Works of Art

Sotheby's | Sale of Fine Chinese Paintings | C.K. Cheung |




Today's News

October 6, 2010

For the First Time Ever, The Museo del Prado Exhibits Treasures from Its Library

Preserved Feathers and Scales of a Giant Penguin Fossil Gives Evolutionary Clues

Damien Hirst Fills the Paul Stolper Gallery with 120 Framed, Foilblock Butterfly Prints

First Exhibition in 45 Years Devoted to Renaissance Master Jan Gossart on View at Metropolitan Museum

Tiny Footprints from Poland Show that First Dinosaurs Walked on Little Cat Feet

Magnificent and Rare Collection of Mezzotints Acquired by the Art Fund for the British Museum

Record Number of Visitors this Summer for the United Kingdom's National Museums

Biennale of Sydney Announces Joint Artistic Directors for 2012: Catherine de Zegher and Gerald McMaster

Robert F. Kennedy-Owned Emancipation Proclamation Up for Auction

Nazi Praise Sparks Switzerland's Rethink of Modernist Architect Le Corbusier

Judd Foundation Announces It will Now Be Represented Exclusively by David Zwirner

Teotihuacan's Emblematic Monument, The Sun Pyramid, Still an Enigma for Archaeologists

£769,250 Achieved at Sotheby's for Rediscovered Paintings Depicting Tipu Sultan's Victory over the British

DeCordova Announces the Rappaport Endowment Fund and the Winner of the 11th Rappaport Prize

Completely Renewed, the National Museum of Cultures to Be Reopened

France 1500: Between the Middle Ages and the Renaissance at the Galeries nationales Grand Palais

New Work by Turner Prize Nominated Artist, Cornelia Parker, Loses Wing in Cuts Campaign

Sotheby's First-Ever Evening Sale of Islamic Art Realises £7 Million - Well Above Pre-Sale Expectations

Important Whistler and Old Master Prints at Swann Galleries' Three-Part Print Auction

The Onassis Cultural Center in New York Explores the Role of Heroes in Society

Portland-based Artist to Exhibit for Art For Arts' Sake Opening of the New Orleans Art Season

As 'Peanuts' Turn 60, Schulz Family Plans Future - More TV Specials and New Film

Sears Wants to Buy Back Willis Tower Sculpture Made by Alexander Calder

First Day of Historic Three-Day Attic Sale at Chatsworth Realises US$7 Million

First Kristin Baker Exhibition in an American Museum Opens at Museum of Fine Arts, Boston

Sidney Nolan's Antarctic Paintings on Display at the Polar Museum in Cambridge

Baba Bling: The Peranakan Chinese of Singapore at the Musée du Quai Branly

Modern Works by Artist Joan Miró Displayed at Metropolitan Museum with Dutch Old Master Paintings

Sotheby's Hong Kong Fine Chinese 2010 Autumn Sale Fetches US$52.2 Million

Rainer Fetting's "Manscapes", Painted between 1974 and 2010, on View at Kunsthalle Tubingen

Fire Virtually Destroys Southeastern England Landmark 19th-Century Hastings Pier

More than 60 Rare and Unpublished Photographs by Richard Avedon Set for Auction

Maryhill Museum of Art Announces Plans for First Expansion in 70-Year History

Most Popular Last Seven Days



1.- Image of a Christ without a beard, short hair and wearing a toga unearthed in Spain

2.- Giant mosaic unearthed in mysterious tomb in Amphipolis in northern Macedonia

3.- Bonhams sale of 18th century French decorative arts to benefit Fine Arts Museums of San Francisco

4.- Paris flustered by erection of 'sex-toy' sculpture; Paul McCarthy slapped by a passer-by

5.- High art or vile pornography? Marquis de Sade explored in Orsay museum exhibition

6.- 'Cubism: The Leonard A. Lauder Collection' opens at the Metropolitan Museum of Art

7.- Greek culture minister says Elgin Marbles return a matter of 'global heritage'

8.- Vandals deflate Paris 'sex-toy' sculpture by American artist Paul McCarthy after outrage

9.- Exhibition at National Gallery in London explores Rembrandt's final years of painting

10.- 'Hans Memling: A Flemish Renaissance' opens at the Scuderie del Quirinale in Rome

Related Stories



Important Judaica and Israeli & international art bring a combined $7.9 million at Sotheby's New York

Sotheby's New York to offer The Andy Williams Collection of Navajo blankets in May 2012

Buhl Collection brings $12.3M - Highest ever total for a private collection of photos sold at auction

'Casablanca' piano sells in NY for more than $600K

No bidder found for letters by 'Peanuts' creator

Sotheby's names President and CEO William F. Ruprecht as Chairman of the Board of Directors

Sotheby's announces first ever selling exhibition of contemporary art from central Asia and the Caucasus

Mick Jagger love letters written to American singer Marsha Hunt sold at London auction

House of Illustration raises 68,750 in "What are they like?" Celebrity Auction at Sotheby's London

Swiss contemporary art generates enthusiasm among collectors at Sotheby's



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, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site