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85 million RMB for Seasons Auction No.1
2013-12-13

On March 12, the first of China Guardian’s 2006 Seasons Auctions concluded with a strong total sale of 85.77 million RMB ($10.65 million US).

The four painting and calligraphy sales combined for a total of 68.5 million RMB ($8.5 million US) with a 77% sales rate. The contemporary Chinese painting and calligraphy market performed very well, especially northern painters, including Yang Zhengwen, an emerging force in the market. Another noticeable trend is the growing depth of knowledge in classical painting and calligraphy buyers, who are showing an increased level of discernment. Competition was fierce for the top pieces such as calligraphy by Wang Duo, which sold at a very respectable 671,000 RMB ($ 83,385 US). Modern painting and calligraphy appears to be fluctuating in many aspects, but pieces by well-known artists are still selling strongly.

The porcelain and works of art sale reached 17.31 million RMB ($ 2.15 million US), selling at 74%, the highest single Seasons Auction sale of porcelain in terms of both lot percentages and prices. There are several notable aspects of this success. One, the blue and white porcelains are still maintaining strong interest, particularly imperial blue and white. For example a Ming dynasty, Jiaqing era, blue and white jar painted with “The Four Affections,” which sold for the large sum of 572,000 RMB ($ 71,083 US). This piece is rare among Ming imperial wares both for its size and its preservation in such a perfect state. “The Four Affections” theme that decorates the jar on four sides tells of four aesthetics and their passions, including cranes, chrysanthemums, lotus, and plums.
   
Another popular bidding item was the Qing dynasty, Qianlong era, zun vase with lotus designs and double ring handles. Because of its rare shape and clear color it received a bevy of bids, finally selling at 374,000 RMB ($ 46,478 US). Another notable aspect is the recent bidding trend for porcelain from old kilns, such as Longquan. An early Ming meiping with floral designs and a Longquan seal sold for 198,000 RMB ($24,605 US). A third item of note is the apparent return of interest to the jade market, which posted high sales rates. A Qing dynasty light green jade covered lu carved with dragon designs and double ring handles sold for 222,200 RMB ($ 27,613 US), surpassing its high estimate by more than 200,000 RMB. Lastly, bronze Buddhist sculpture and rhinoceros horns are still keeping bidders’ interests. A Qing dynasty, Qianlong era, gilded bronze bodhisattva sold for 275,000 RMB ($ 34,174 US), while an early Qing dynasty rhinoceros horn cup carved with floral branches sold for 176,000 RMB ($ 21,872 US).

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