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November 29, 2010

Results from Christies HK Shows

By Pardhasaradhi Gonuguntla

Hong Kong – Reported by Elite Traveler, the Private Jet Lifestyle Magazine

The Asian Contemporary Art & Chinese 20th Century Art Evening Sale on 27 November at Hong Kong realised HK$281,255,000 / US$ 36,225,644, with 84% sold by lot and 78% sold by value. 7 artists’ record were set, including Potted Chrysanthemum in a Blue and White Jardiniére by Sanyu which was also the top lot of the sale by fetching HK$53,300,000 / US$6,865,040.

Comments from Eric Chang, International Director of Asian Contemporary Art & Chinese 20th Century Art: “The strong results of our Asian Contemporary Art and Chinese 20th Century Art Evening Sale, which totalled HK$ 281,255,000 (US$36,225,644/ GBP 23,231,663), show solid demand for both categories of art, with six lots selling for over HK$10 million. Seven records were achieved for works by artists across a broad spectrum of Chinese artists such as Sanyu, Yee Bon, Wang Guangyi, Zhan Wang, and Mao Xuhui, and Japanese artists such as Aya Takano and Tatsuo Miyajima. As we can see from the intense competition that resulted in top prices for works by blue-chip artists such as Wu Guangzhong and Zeng Fanzhi, the market for Chinese 20th Century and Contemporary art continues to be steady and healthy. Asian buying remains strong, making the winning bids for nine out of our top ten works, among a global buying base. We look forward to continuing the momentum at our Day Sales on November 28th, 2010.”

www.christies.com

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