Top price for Zhang Xiaogang at Sotheby’s Hong Kong – from 4 to 8 april 2014

Sotheby’s concluded its auction series  between 4 and 8 April in Hong Kong with memorable results. Starting from the Evening sale of Modern and Contemporary Asian Art, which saw the prominent participation of Asian bidders, bringing the total to $ 86.4 million and an important record for a work by the artist Zhang Xiaogang ‘s Bloodline series , Big Family No. 3 of 1995 , an oil on canvas estimated $ 8.3-10.300.000 and sold for $12.1 million. In 2011, a record of $10 million for the triptych Forever Lasting Love seemed insurmountable. Among the many other records, that of Yoshitomo Nara with Night Walker, 2001, which exceeded the high estimate to $ 2 million; record for the artist and for a Southeast Asia work with S. Sudjojono (1914-1986) with an oil on canvas of 1979 entitled Our Soldiers Led Under Prince Diponegoro, that pulverized the maximum estimate of $ 2.5 million, sold at $ 7.5 million. Potted Chrysanthemums of the Modern Master Sanyu reached its second highest price at auction after a battle among 7 bidders.
Top lots of the auction on April 6, 20th Century Chinese Art, were Zao Wou -Ki with 3.16.88 and Chen Yifei, Two Beauties, both sold for $ 8.4 million, for an auction valued $15.9 million.
On the evening of April 7, the auction of Fine Chinese Paintings totaled $ 50.5 million, with a high percentage of lots sold , 97.3 % , of which triumphed Landscape in Afterglow of Zhang Daqian, coming from an American private collection, sold at $ 3.1 million based on an estimate below a million dollars.
At the end of the week, during the auction held on April 8, a wine cup from the Ming Dynasty broke the record for a Chinese porcelain sold in Hong Kong, which has been bought for $ 36 million from Shanghai tycoon Liu Yiqian. The small cup has indeed exceeded the record of $ 32.5 million paid in 2010 for a vase of the Qianlong Dynasty.


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