China Guardian, one of the mainland’s leading auction houses, HKD 293,054,500 (USD 37,747,367), nearly 50% more than the pre-auction estimate.
- Cottages in Misty Mountains by Zhang Daqian (above) sold for HKD 27,025,000/ USD 3,481,300 to a phone bidder after over 20 bids.
- overall total achieved HKD 161,644,000/ USD 20,821,240.
- The “Hong Kong Ink Painting” sale included a collection of work by 20 Hong Kong artists including Lui Shou-kwan, Liu Kuo-sung, Luis Chan and Kan Tai-keung, which are offered as a dedicated sale for the first time in Hong Kong, achieving total HKD 5.9 million/ USD 761,401.
- “Classic Furniture of Ming and Qing Dynasties” and “Chinese Furniture from Hung’s Collection” sales on 5th April present an impressive collection of Huanghuali furniture from the Late Ming and Early Qing Dynasty, the Qianlong Period and the 17th Century, both sessions realized a total of HKD 83,180,650/ USD 10,713,330.
- “Chinese Ceramics and Works of Art” sale including a total of 80 pieces of ancient Chinese ceramics and artworks presented, spanning from the Shang Dynasty (17BC – 11BC) to Modern China. Total of HKD 42,320,000/ USD 5,451,396.
Strong Results Seen at China Guardian Two-Day Auction in Spring (China Guardian)
Two top images made more than US$1m in Sotheby’s Hong Kong sale of Yoshitomo Nara works.
Wright held its Modern Design auction last week and sold $2m worth of Charles and Ray Eames, George Nakashima, Paul Evans and Ludwig Mies van der Rohe works with 85% of the lots finding buyers. An untitled sculpture (Cloud) by Harry Bertoia doubled its high estimate by selling for $88,900. A Spacelander bicycle designed by Benjamin Bowden (Lot 259) achieved $35,000, five times its high estimate. Other well-sold designs include:
- Lot 109 – Philip Johnson and Richard Kelly, floor lamp from the Pavilion House, Bristol. Estimate: $10,000-15,000. Result: $42,500
- Lot 147 – Florence Knoll, Executive Office cabinet. Estimate: $3,000-5,000. Result: $17,500.
- Lot 150 – Marianne Richter, Josegin carpet. Estimate: $5,000-7,000. Result: $20,000.
- Lot 151 – Martin Olsen, lounge chair. Estimate: $5,000-7,000. Result: $32,500.
- Lot 254 – Ludwig Mies van der Rohe, Barcelona chair blueprint. Estimate: $2,000-3,000. Result: $10,000.
- Lot 256 – Ludwig Mies van der Rohe, Barcelona daybed. Estimate: $3,000-5,000. Result: $27,500.
- Lot 258: James Waring Carpenter, Bullet magazine rack. Estimate: $1,500-2,000. Result: $13,750.
More can be seen at www.wright20.com.
Tom Mashberg at the New York Times points out that Sotheby’s pre-Columbian sale in Paris made more than the previous five years of sales:
Sotheby’s weekend sale in Paris of pre-Columbian artifacts earned about $13.3 million, well below the pre-sale estimate of $19 million to $23 million, according to the auction house.
Four Latin American nations — Mexico, Peru, Guatemala and Costa Rica — had objected to the sale, and the controversy was publicized heavily in the European media. About half the items from the Barbier-Mueller collection sold in the face of assertions by the four nations that more than 100 of the 313 lots had been illegally exported in the 1900s.
Bonham’s wants you to know more about Vladimir Tretchikoff who’s ‘Chinese Girl’ was sold this week at Bonhams South African art sale in London. The painting (est £300-500k) made £982,050 (R13.8m). The entire sale of some 150 works made £4.5m.
The buyer of ‘Chinese Girl’ is Laurence Graff, British businessman and jeweler and Chairman of Graff Diamonds International, who owns the Delaire Graff Estate near Stellenbosch, where this picture will go on public display with the rest of his art collection. www.delaire.co.za
Said to be the most widely reproduced and recognisable picture in the world, from the 1950s prints of this famous work sold widely in South Africa, Britain, Europe and America.
Significantly Tretchikoff out-performed the two longtime market leaders in South African art at auction – Irma Stern and Jacob Hendrik Pierneef. ‘Landscape Stellenbosch’ by Pierneef made £713,250 and ‘Congolese Beauty’ by Irma Stern was sold for £541,250.
Tretchikoff’s value has risen exponentially in the art market, due to both the re- evaluation of his legacy in exhibitions such as Tretchikoff: The People’s Painter, at IZIKO South African National Gallery (2011), and his appearance on the world stage at auction at Bonhams. A new world record was recently achieved at Bonhams with the semi-nude portrait painting, ‘Portrait of Lenka (Red Jacket)’, featuring Tretchikoff’s lover and muse, which sold for £337,250 (R4.7million). Just over 100 Tretchikoff works have appeared at auction, a twenty-year trajectory which charts a remarkable resurgence in the artist’s popularity.
Giles Peppiatt, Director of South African Art at Bonhams, comments: “This was an exceptional price for a work which really does merit the word ‘iconic’. And it’s very happy news to hear that it is going home.”
The big story in London’s print and multiple sales is the continuing strength in the Picasso ceramics market. Several sales over the last two years have generated price action which stimulates interest and buying. The Picasso ceramics were 100% sold and the entire multiple sale was more than 98% sold. Of the ceramics, 94% achieved prices above the high estimate. The total was $2.19m.
They were just part of a wider private collection of ceramics and prints auctioned this afternoon, which together achieved £2,075,125 ($3,132,194), double the pre-sale estimate (£972,100-£1,389,600 / $1.47-2.1 million). The star lot of the sale was Picasso’s Vase gros oiseau vert which sold for £104,500 ($157,732), nearly three times above its high estimate. The sale was 98.7% sold by lot and 90.3% sold by value.
Old Master, Modern & Contemporary Prints brought a total of £4,613,000 ($6,962,862), far exceeding the pre-sale low estimate (£3.2-4.65 million / $4.87-7 million). The top lot was Edvard Munch’s Two Human Beings. The Lonely Ones, a rare woodcut from 1899, which sold for £986,500 ($1,489,023), a record for the subject by the artist, and almost four times above the low estimate (£250/300,000). The second highest price achieved was for a complete set of 10 screenprints by Andy Warhol of the Endangered Species series: the sum of £386,500 ($583,383) established a record for a complete set of this subject by the artist at auction. Rembrandt led the Old Masters section with Christ Presented to the People and The Three Crosses, each selling for £218,500 ($329,804). 55.2% of works sold achieving prices above the high estimate. The sale was 75.3% sold by lot and 88.6% sold by value.