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China Guardian 53rd Quarterly Auctions raise 186 million yuan

2019-03-27

The last hammer of China Guardian 53rd Quarterly Auctions dropped March 25 at Guardian Art Center in Beijing, with a total turnover of 186 million yuan ($27.7 million), 117 percent higher than the same period last year.

The Tianminlou Collection achieved a 100 percent turnover rate. The hammer price of a Gray-Blue-Green Glaze With Plate-Shaped Rim and Ruyi-Shaped Ears Modeled After Ru Ware from the Yongzheng Period of the Qing Dynasty was 9.315 million yuan, ranking at the top of the session, and also breaking the Quarterly Auctions’ highest hammer price in recent years.

Porcelain, Jade and Works of Art

In this spring, nearly 2,000 items were offered in the Quarterly Auctions-Porcelain and Works of Art, separated into five sessions. During the three-day event, it had reached 104 million yuan, with the turnover rate as high as 90 percent.

The Tianminlou Collection achieved 54 million yuan with a 100 percent turnover rate, and set the highest hammer price record in the history of Quarterly Auctions- Porcelain and Works of Art.

Other sessions also reached high turnover rates, with Porcelain Collections of Guardian's Companions at 94 percent; and Porcelain, Jade and Works of Art at 91 percent.

“Eventually, the total turnover of the Porcelain, Jade and Works of Art was over 100 million yuan, and I am very happy to see it making a good start for this year's auction,” Liu Yang, General Manager of Quarterly Auctions-Porcelain and Works of Art Department, said.

Lot 3614

Yongzheng Period of the Qing Dynasty

Gray-Blue-Green Glaze With Plate-Shaped Rim and Ruyi-Shaped Ears Modeled After Ru Ware

H 21cm

Price Realized: RMB 9,315,000

Lot 3561

Kangxi Period of the Qing Dynasty

An Underglaze Copper-red Horseshoe-shaped Zun with Peony Design and Enamels

D 13 cm

Price Realized: RMB 4,600,000

Lot 3604

Qianlong Period of the Qing Dynasty

A Robin’s Egg Glaze Lantern-shaped Vase

H 23.2 cm

Price Realized: RMB 3,450,000

Lot 3798

Qing Dynasty

A Shoushan square seal sculpted with horse

H 4.5 cm

Price Realized: RMB 1,437,500

Lot 3787

Kangxi Period of the Qing Dynasty

Black painted corner cabinet with patterns

96×50×163.5 cm

Price Realized: RMB 632,500

Chinese Paintings and Calligraphy

Chinese Paintings and Calligraphy featured seven sessions with more than a dozen special themes, offering nearly 2,500 lots for collectors. Its total turnover reached 69.219 million yuan.

Among all sessions, Modern Chinese Paintings and Calligraphy (Ⅰ) as well as Modern Chinese Paintings and Calligraphy (Ⅱ) had good performances, achieving turnover rates of 84 percent and 83 percent respectively. Classical Chinese Paintings and Calligraphy (Ⅰ) even reached a turnover rate of 99 percent, which also contributed to a new growth point for the market.

“In the first auction of the new year, we pay close attention to the changes and trends of the market, do careful preparation, and make steady and progressive achievements. I would like to thank our collector friends who have been supporting us all the time,” Xiao Yang, General Manager of Quarterly Auctions-Chinese Paintings and Calligraphy Department, said.

Lot 316

Qi Baishi

Chrysanthemum

99×33 cm

Price Realized: RMB 1,667,500

Lot 409

Zhang Daqian

Character and Landscape

113×51 cm

Price Realized: RMB 1,265,00

Lot 324

Liu Kuiling

Dogs and Banana Leaves

103×35 cm

Price Realized: RMB 862,500

Lot 1926

Fu Shan

Calligraphy

149×46 cm

Price Realized: RMB 839,500

Lot 653

Jia Youfu

Landscape

39×131 cm

Price Realized: RMB 690,000

Rare Books, Rubbings and Manuscripts

The Rare Books Department prepared over 600 lots this season, including manuscripts, letters from famous people and other catalogues. The turnover rate reached 75 percent, with a total turnover of 8.4583 million yuan.

Among all lots, Thousands of Hands and Eyes Avalokitesvara the Complete Clear Great Compassion Tuo Ronnie Sutra from the Qianlong period of the Qing Dynasty was sold at the price of 874,000 yuan, Hun Tian Yi Tong Astrological Chart for 333,500 yuan, and Letter Paper of Wenmeizhai for 322,000 yuan.

“In recent years, rare books are becoming more and more popular among collectors, especially the Buddhist-themed books,” said Song Hao, General Manager of the Rare Books Department. “In the future, the content of a book will be the main focus of the collectors.”

Lot 3011

Thousands of Hands and Eyes Avalokitesvara the Complete Clear

Great Compassion Tuo Ronnie Sutra

Block-printed edition from Qianlong Period of the Qing Dynasty

24×11 cm

Price Realized: RMB 874,000

Lot 3174

Hun Tian Yi Tong Astrological Chart

Blue rubbings

125×224 cm

Price Realized: RMB 333,500

Lot 3000

Letter Paper of Wenmeizhai

Qing Dynasty

23.5×13 cm

Price Realized: RMB 322,000

E-BIDDING

In this spring, 351 items of Chinese Paintings and Calligraphy, 20th Century and Contemporary Art, Porcelain, Jade, Works of Art, Wine, Tea, Jewellery and Watches were offered for online collectors. The total turnover for the E-BIDDING session amounted to 3.94 million yuan.

Online bidding is being accepted by more and more buyers, especially young people. Its future prospects can be described as broad.