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China Guardian's 2009 Spring Auction Reaches 541 million Yuan
2013-12-13

On May 30, the gavel fell on China Guardian's 2009 Spring Auction in Beijing. Two days of auctioning, which included Chinese painting, porcelain handicrafts, oil paintings, sculptures, portraits, rare books, manuscripts, coins, banknotes and bronze mirrors, generated a total sales volume of RMB 541 million (USD79.2million).

The classical Chinese painting section performed especially well. Three paintings from the imperial collections of the Qing Dynasty were auctioned for a total of over RMB 110 million (USD16.1million). The "Painting of Luck and Rarity" sold for the high price of RMB 58,240,000 (USD8.52million), Wu Bin's "Arhats in the Style of Li Gonglin" sold for RMB 44,800,000 (USD6.55million), and Dong Bangda's "After Snow" achieved a price of RMB 7,952,000(USD1.16million). In the modern painting and calligraphy section, numerous items sold for several times their appraised price, with an average closing rate higher than 82%. In addition, the contemporary painting and calligraphy section also enjoyed a strong performance, and China Guardian's entire painting and calligraphy section generated a total sales volume of over RMB 347 million (USD50.8million).

In the rare books and manuscripts special showing, Hu Shi's letters sold for the high price of RMB 7,448,000 (1.09million). Among the porcelain handicrafts, the "Qianlong-era Underglaze Red Dragon Gourd Vase" reached the high price of RMB 13,328,000 (USD1.95million). The first-time special showing "300 Years of Yixing Zisha Pottery" also earned collectors' fervent welcome, with a closing rate higher than 83%. In the oil painting section, the Shen Jiawei's red classic, "Standing Guard for our Great Motherland," reached the high price of RMB 7,952,000 (1.16million), and Chen Yifei's musically inspired major work "Girl Playing Clarinet" earned RMB 6,720,000 (USD0.98million)

In addition, the Spring Auction's stamp section was held on April 12th in Luoyang at the 2009 World Stamp Exhibition - China Guardian Stamp Auction, generating a total sales volume of RMB 6,220,000 (USD0.91million), with an overall closing rate higher than 85%. The banknotes and coins section was held May 18-22. All 784 items in the special showing of "Mrs. S. P. Ting's Collection of Chinese Military Notes and Bonds" sold successfully, setting a marvelous benchmark in the auction of banknotes. The most eye-catching item in the bronze mirrors section was the Sui-Tang "Mirror with 12 Zodiac Animals and Four Supernatural Beings," which set a new world record for bronze mirrors with a sale price of RMB 1,120,000 (USD0.16million).
 

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