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PRICES FOR CHINESE CONTEMPORARY ARTISTS GO UP THE CEILING
26 November 2007
Catégorie : MARKET
The sale of Asian contemporary art held by Christie's on November 25th 2007 included some incredible bids that established new world records for Chinese artists Cai Guo-Qiang and Zeng FanZhi.

Asian Contemporary Art

Hong Kong – Sunday, 25November, 2007 - Sale no: 2382 – Top Ten

[All sold pricesinclude buyer's premium]

 

Sold:    HK$ 467,178,500

US$ 60,079,155

€ 40,504,376

£ 29,151,938

Lots Sold:  312

Lots Offered: 326

Sold by Lot: 96%

Sold by HK$: 99%

Exchange Rate: HK$ 1 = US $ 0.1286 /£ 0.0624 / € 0.867

 

Lot

Description

Estimate (HK$)

Purchase Price

Buyer

487

Cai Guo-Qiang, born in 1957

Set of Fourteen Drawings for Asia-Pacific Economic Cooperation

WORLD AUCTION RECORD FOR CHINESE CONTEMPORARY ART

WORLD AUCTION RECORD FOR CHINESE PAINTING

WORLD AUCTION RECORD FOR THE ARTIST

28,000,000-36,000,000

HK$ 74,247,500

US$ 9,548,229

€ 6,437,258

£ 4,633,044

Anonymous

463

Zhang XiaoGang, born in 1958

Portrait in Yellow

8,000,000- 10,000,000                     

HK$ 22,727,500

US$ 2,922,757

€ 1,970,474

£ 1,418,196

Anonymous

456

Yue MinJun, born in 1962

Life

7,000,000- 9,000,000                    

HK$ 21,607,500

US$ 2,778,725

€ 1,873,370

£ 1,348,308

Anonymous

455

Yue MinJun, born in 1962

Big Ear

5,500,000- 7,000,000                    

HK$ 20,487,500

US$ 2,634,693

€ 1,776,266

£ 1,278,420

Asian Private

457

Yue MinJun, born in 1962

Red Boat

4,000,000- 6,000,000                     

HK$ 12,647,500

US$ 1,626,469

€ 1,096,538

£ 789,204

Anonymous

451

Zeng FanZhi, born in 1964

The Mask-Five Faces

WORLD AUCTION RECORD FOR THE ARTIST

4,000,000- 5,000,000                    

HK$ 8,167,500

US$ 1,050,341

€ 708,122

£ 509,652

Anonymous

450

Zeng FanZhi, born in 1964

Mask Series 1999 No. 6

3,000,000- 4,000,000                     

HK$ 7,607,500

US$ 978,325

€ 659,570

£ 474,708

European Private

453

Zeng FanZhi, born in 1964

Mask 1995 No. 3

2,000,000- 3,000,000                     

HK$ 7,607,500

US$ 978,325

€ 659,570

£ 474,708

Asian Private

459

 

Yue MinJun, born in 1962
Untitled, 2000

1,000,000 - 1,400,000

HK$ 7,047,500

US$ 906,309

611,018

£ 439,764

Asian Private

514

Zeng FanZhi, born in 1964

Mask Series 1995 No. 8, 1995

1,000,000 - 1,500,000

HK$ 7,047,500

US$ 906,309

€ 611,018

£ 439,764

Asian Private

 

Mr. Eric Chang Ting-Yuen, International Director of the Chinese 20th Century Art & Asian Contemporary Art, Christie's, said:  "As the market leader, Christie's continues to play a dominant role in Asian contemporary art, and today's landmark sales underscore just that.  The creative vision of Cai's unique work captivated the imagination of collectors around the world.  This piece presented a powerful combination of traditional and contemporary elements that appealed to both East and West, and drew bidders vying from Asia, Europe and America."  See separate press release.


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