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China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m
2018-04-08

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m

 

China Guardian Hong Kong 2018 Spring Auctions

Sales Total HK$ 420 million / US$ 53.85 million

? Year-on-year growth of 28.9% ?

 

 

▌Chinese Paintings and Calligraphy

Total sales volume of HK$ 197.50 million

? Total sales volume is 72% higher than the total Estimate prices ?

 

 

「Chinese Paintings and Calligraphy」Session

 

Two masterpieces by Huang Binhong in his late years

Spring Landscape was sold at HK$ 41.63 million

 

View of North Mountain was sold at HK$ 24.27 million

 

 

「Important Collections of Fine Chinese Paintings and Calligraphy from Asia」Session

 

「Collections of Li Xiongcai's masterpieces in his early years」Section

Turnover rate is nearly 99%

 

Li Xiongcai's The Slender West Lake In Yangzhou and Moonlight Shedding the Qinghuai River topped all his works which are 1,108.89 cm2 in size

 

Many paintings were transacted at multiple times the price of Estimate prices.

 

Yangtze River Bridge was sold at HK$ 6.13 million, which is the highest of all the lots created by Li Xiongcai.

 

 

▌20th Century and Contemporary Chinese Art

Total sales volume of more than HK$ 122.22 million, which is the highest ever.

 

? Turnover rate of 82% ?

? Total sales volume is 26% higher than the total Estimate prices ?

 

An Asian Chinese collector bought Zao Wou-Ki's 25.06.86 for HK$ 43.87 million.

 

Chu Teh-Chun's Composition No. 57 was sold at HK$ 13.95 million.

 

Western and Southeast Asian oil paintings that were auctioned for the first time achieved high prices

 

Ronald Ventura's Horse Around created a record for works on paper.

 

 

Jewelry, Watches and Luxury Goods

Total sales volume of HK$ 62.43 million

 

An impressive and rare 10.02 carat natural unheated Burmese Mogok pigeon's blood ruby and diamond ring was sold at HK$ 24.27 million

 

A very rare natural unheated Kashmiri sapphire and diamond ring with total sapphire weight of  17.23 carats was sold at HK$ 7.57 million

 

 

Ceramics and Works of Art

 

Total sales volume of HK$ 38.62 million

 

An exceptionally rare large gilt bronze standing figure of a bodhisattva from the Five Dynasties Period (AD 907-960) was sold at HK$ 10.04 million

 

"Numerous art exhibitions, art fairs and auctions in Hong Kong in March and April have attracted collectors and art lovers from all around the world. After four days of previews and auctions, China Guardian Hong Kong Spring Auctions 2018 unexpectedly raised a total of HK$ 420 million, with a 28.9% increase compared to 2017's spring auctions.

 

Sales of Chinese Paintings and Calligraphy achieved superb results. We are especially excited to see lots of Asian 20th Century and Contemporary Art break HK$ 100 million, which is the highest in this category within five years. Zao Wou-Ki's 25.06.86 topped all the sales and achieved HK$  43.87 million. Our newly-introduced sales of Jewelry, Watches and Luxury Goods showed immense growth as numerous magnificent jewels were sold at remarkable prices.

 

We have clearer positioning in the Hong Kong market, which is in line with the strategy of our Beijing headquarters. In Hong Kong's highly competitive market, all our achievements should be credited to collectors in Asia, Europe and the US. We celebrate our 25th anniversary this year. And we promise to do our best and bring great lots this autumn at the Hong Kong Convention and Exhibition Center."

 

—— Ms. Hu Yanyan, President of China Guardian (HK)

  

 

China Guardian Hong Kong 2018 Spring Auctions

TOP 10

 

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m  

Lot 24

Zao Wou-Ki

25.06.86

195×130 cm

Estimate price: HK$ 34,000,000-56,000,000

Price realized: HK$ 43,870,000

 

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m

Lot 1140

Huang Binhong

Spring Landscape

127 × 47.5 cm

Estimate price: HK$ 5,000,000-8,000,000

Price realized: HK$ 41,630,000

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m  

Lot 829

Impressive and Rare 10.02 Carat Natural Unheated Burmese Mogok Pigeon's Blood Ruby and Diamond Ring

Price Upon Request

Price realized: HK$ 24,270,000

 

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m  

Lot 1141

Huang Binhong

View of North Mountain

Painting: 89.5×48 cm

Postscript: 26.5×48 cm

Estimate price: HK$ 12,000,000-22,000,000

Price realized: HK$ 24,270,000

 

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m

Lot 25

Chu Teh-Chun

Composition No.57

127×96 cm

Estimate price: HK$ 12,000,000-18,000,000

Price realized: HK$ 13,950,000

 

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m

Lot 323

An Exceptionally Rare Large Gilt Bronze Standing Figure of a Bodhisattva

Five Dynasties Period (AD 907-960)

H 33.8 cm  

Estimate price: HK$ 6,000,000-8,000,000

Price realized: HK$ 10,040,000

  

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m

Lot 21

Yun Gee

Woman and Child Walking in Park (Sorbonne Square)

73×92 cm

Estimate price: HK$ 6,000,000-8,000,000

Price realized: HK$ 8,200,000

 

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m

Lot 1138

Lu Yanshao

Yandang Mountain

42×152 cm

Estimate price: HK$ 4,800,000-6,800,000

Price realized: HK$ 7,970,000

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m  

Lot 834

Very Rare Natural Unheated Kashmiri Sapphire and Diamond Ring, Total Weight of Sapphires 17.23 Carats

Estimate price: HK$ 7,200,000-8,600,000

Price realized: HK$ 7,567,500

 

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m  

Lot 824

Rare and Important Jadeite and Ruby Necklace

Estimate price: HK$ 6,500,000-8,000,000

Price realized: HK$ 7,395,000

 

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m

 

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m

 

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m

 

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m

 

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m

 

China Guardian Hong Kong 2018 Spring Auctions raise HK$ 420m

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