The First Art Newspaper on the Net   Established in 1996 United States Sunday, April 22, 2018

Zhang Daqian's 'Lotus' fetches $10.4 million at Christie's Fine Chinese Modern Paintings Sale
Christie’s Hong Kong Chinese Painting sales this Spring achieved HK$1,010,897,500 / US$130,911,226 over the course of two days, with an overall sold rate of 94% by lot and 98% by value. Photo: Christie's Images Ltd 2013.

HONG KONG (AFP).- A work by Chinese master Zhang Daqian, dubbed the "Picasso of the East", fetched more than $10 million at a Hong Kong sale Tuesday, auction house Christie's said.

A set of four large hanging scrolls entitled "Lotus" sold for HK$80.51 million ($10.4 million) at the auction house's fine Chinese modern paintings sale, beating pre-sale estimates by more than HK$65 million.

Each scroll is over five feet tall (1.5 metres) and the painting, which was completed in 1947, depicts multiple blooming lotus flowers drawn in ink and colour on paper, Christie's said in a statement.

Twenty-four works by Zhang fetched HK$330 million at a Sotheby's sale on Monday after "intense" bidding, which was almost 90 percent above the auction house's estimates, Sotheby's said.

The top lot, "Daoist Goddess Playing Panpipe", fetched HK$74 million while the rest of the works from the sale, "A Master's Secrets Unveiled", were sold within an hour and a half.

Sotheby's had previously fetched HK$680 million from a Zhang Daqian sale in 2011.

The late Chinese artist in 2011 was the best-selling artist at auction, topping Spanish great Pablo Picasso and American pop art master Andy Warhol.

Hong Kong has emerged as one of the world's major auction hubs in art and wine thanks to cash-rich mainland Chinese buyers who have a growing appetite for luxury items amid the country's economic boom.

A rare red "lotus bowl" from the Chinese emperor Kangxi period of 1662-1722 was sold for an eye-popping $9.5 million at a sale in the city last month, Sotheby's said.

Ben Kong, International Specialist Head of Christie’s Chinese Paintings Department, said, “Both sales achieved HK$1,010,897,500 / US$130,911,226, Christie's 2nd highest total for the category. Throughout the previews and auctions, we saw a resurgence of interest in Chinese Classical Paintings, as well as great enthusiasm for Modern Paintings. Clients appreciated the exceptional private collections, plus works with wide-ranging estimates. Renowned masters were much sought after, especially Zhang Daqian’s Lotus that sold for HK$80,510,000 / US$10,426,045 and Zhou Chen’s River Scenery that sold for HK$51,390,000 / US$6,655,005, which set a world auction record for the artist.”

© 1994-2013 Agence France-Presse

Today's News

May 29, 2013

Zhang Daqian's 'Lotus' fetches $10.4 million at Christie's Fine Chinese Modern Paintings Sale

Mexican archaeologists discover eight archaeological sites south of Mexicali, Baja California

Israel Museum restitutes Impressionist masterpiece by German-Jewish artist Max Liebermann

The polka dot queen of avant-garde art, Yayoi Kusama opens first-ever exhibition in Vietnam

Study by University of York's archaeology department reveals man's rocky road to upright walking

First solo exhibition in the United States of noted Brazilian painter Paulo Laport opens at Edelman Arts

MacDougall's announces Russian paintings, works on paper, icons and works of art sale

Art gift to Pérez Art Museum Miami by Mimi and Bud Floback grows to nearly 30 major works

City of Oslo reaches deal on new, futuristic crooked glass building to house Munch Museum

Frick Art & Historical Center announces multi-phase building and renovation project

"Prized and Played: Highlights from the Jon Crumiller Collection" opens at the World Chess Hall of Fame

The Johnny Cash Museum immortalizes the Man in Black for downtown Nashville

Akron Art Museum board appoints Mark Masuoka Executive Director and CEO

Earliest form of photography comes to the Taft Museum of Art

Definitive painting by one of the great Scottish female artists to be auctioned

World Museum opens its gateway to India in new exhibition

Cincinnati Art Museum acquires Georgia O'Keeffe painting

San Antonio unveils its largest work of public art

Gold coin treasure from prominent French champagnery highlights June auction at Bonhams

Experts restore ancient Egyptian relic after vandalism

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

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