The First Art Newspaper on the Net   Established in 1996 United States Thursday, April 26, 2018


Estimated to sell for $5000, record-breaking painting fetches $3 million
Another work, Galloping Horse, attributed to Xu Beihong, lived up to its name by racing well past its $16,000-20,000 estimate to sell for $732,000 IBP. Photo: Bonhams.


SYDNEY.- Frenzied international bidding at Bonhams’ Sydney saleroom last night saw a rare Chinese painting break the $3 million mark, the highest price ever paid for an Asian artwork in Australia.

A round of applause broke out in the Woollahra gallery as the hammer finally fell on Fu Baoshi’s Landscape, which sold for $3.17 million including buyer’s premium (IBP), off a pre-sale estimate of just $5000-$8000.

The result makes the artwork one of the most expensive paintings ever sold in Australia.

The ink-on-paper hanging scroll was part of a 40-strong collection of Chinese paintings amassed by a Sydney- and Singapore-based family in the 1960s and not seen in public for 50 years.

Another work, Galloping Horse, attributed to Xu Beihong, lived up to its name by racing well past its $16,000-20,000 estimate to sell for $732,000 IBP. It was just one of several works that left their pre-sale estimates in the dust.

Bonhams’ Asian Art specialist Yvett Klein said it was unusual to have so many quality Chinese paintings come to auction in Australia, especially those by modern masters of the 20th century.

“The top lots from last night’s auction are some of the finest examples of the dramatic shift in Chinese art in the 20th century, as artists responded to a young republic in turmoil and struggle,” Ms Klein said.

“Bonhams’ sale yesterday also once again proved that there is no such thing as a local art market, as technology and our extensive global network allows us to operate in a truly international space.”

Other strong performers included Fu Baoshi’s Waterfall and Tao Yuanming, both of which sold for $183,000 IBP, Dong Shouping’s Landscape, circa 1980, which fetched $73,200 IBP, and Zhao Shao'ang’s Birds and Flowers, which sold for $67,100.

Bonhams’ Asian Art sale netted $4.9 million, with 70% sold by lot and 720% by value.





Today's News

November 2, 2017

Exhibitions in Germany and Switzerland present works from the Gurlitt Estate

Alfstad& Contemporary opens exhibition of works by Zimoun

Sotheby's unveils the personal collection of French interior designer Jacques Granges in its entirety

Exhibition explores the practice and expression of religious beliefs in the lives of individuals

Estimated to sell for $5000, record-breaking painting fetches $3 million

Solo exhibition devoted to Bosco Sodi's clay cube sculptures opens at Paul Kasmin Gallery

Schantz Galleries to present thirty new works by Maestro Lino Tagliapietra at SOFA Chicago 2017

Anders Wahlstedt Fine Art opens exhibition of works by Nicole Bigar

Cleveland Museum of Art releases new strategic plan

Banksy holds Balfour 'apology party' for Palestinians

Major new exhibition by pioneering Swiss artist Pipilotti Rist opens in Sydney

Penn Museum launches a major building renovation

Exhibition of new work by Sam Moyer opens at Sean Kelly

K11 Art Foundation announces new appointments

Mnuchin Gallery opens an exhibition of works by Sam Gilliam

Over 1,000 lots of American Indian artifacts, art and related collectibles offered at Big Fall Phoenix

Hastings Pier wins the 2017 Royal Institute of British Architects Stirling Prize for architecture

Important selection of collectible toys by renowned contemporary artists to be offered at Heritage Auctions

Richly decorated garments from over 20 countries on view at the Jewish Museum

Tel Aviv Museum of Art opens exhibition of works by Shaun Gladwell

Griffin Gallery opens exhibition of works by shortlisted artists for £10,000 award

De Buck Gallery opens a solo exhibition by newly represented artist Devan Shimoyama

Ken Yeh joins Phillips as Senior International Specialist, 20th Century & Contemporary Art

The Foundling Museum acquires major works of art by two of the UK's most celebrated artists

Willem Weismann's first solo exhibition in Amsterdam on view at Grimm Gallery

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



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


Royalville Communications, Inc
produces:

ignaciovillarreal.org avemariasound.org juncodelavega.com 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
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