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China Guardian HK Autumn Auctions 2021 total HK$555 M / US$ 71 M

2021-10-26

China Guardian HK Autumn Auctions 2021

Combined Total

HK$555 M/US$71 M

10 Sales, Over 1,300 Lots

High Sell-through Rate Average 75 percent

3 World Auction Records Set

12 Lots Achieve More Than HK$10 M / US$1.28 M

Paddle Registration Increased by 8 Times Year-on-Year

Global Participation of 4,840 Bids Received

Online Buying Account for 25 percent of the Total Lots

Hu Yanyan, President of China Guardian (HK)

Our Hong Kong auction has been growing at a rapid pace, despite the fact that the border has been closed since early 2020. Typhoon Signal No. 8 was hoisted on the first day of the Autumn Auctions Preview, however, we were honoured to have welcomed a large crowd of local collectors and visitors even under such severe weather conditions. T8 storm signal came into effect once again on the first day of the Autumn Auctions, but we were also pleased to have witnessed robust online and telephone biddings by collectors worldwide - the first lot realised over HK$ 10 million was sold in the first hour, 2 World Auction Records were established in the first four hours, and Day 1 concluded with a white-glove sale. On Day 2, another World Auction Record was set for Dong Qichang’s album of calligraphy. The sales of Chinese Paintings and Caligraphy as well as Asian 20th Century and Contemporary Art both fetched a total of over HK$ 100 million, and the sale of Classical Chinese Furniture totaled HK$23 million with only 25 lots. The sales of Ceramics and Works of Art realized a total of HK$227 million on Day 3, marking the highest total ever achieved for this category at China Guardian HK. The Autumn Auctions ended on a high note with a combined total of HK$555 million/US$71 million. Special thanks to our clients and everyone for your trust and support, as you are the ones who have made this Autumn Auctions so special. We will continue our global journey in search for the utmost excellence, meanwhile, looking forward to seeing you at the Spring Auctions next April!

Chinese Paintings and Calligraphy

3 sessions received a total of HK$160 M

Sell-through Rate Average 86 percent

1 session hit a 100 percent turnover rate

Classical Chinese Paintings and Calligraphy session achieved a total of HK$71.85 million with a turnover rate of 77 percent. A world record was set for Dong Qichang’s Calligraphy in Regular and Running Script after the Old Masters at the auction.

Lot 616

Dong Qichang

Calligraphy in Regular and Running Script after the Old Masters

Price Realized: HK$ 57,750,000

＊A new world record for Dong Qichang’s album of calligraphy＊

Lot 625

Du Jun

Calligraphy in Running Script

Price Realized: HK$ 1,944,000

Lot 653

Zheng Xie

Ink Bamboo

Price Realized: HK$ 1,176,000

Fine Chinese Paintings and Calligraphy session fetched HK$83.25 million with a turnover rate of 81 percent. And Takahashi Kouhou Collection session hit a white glove with HK$5.48 million.

Lot 424

Zhang Daqian

Snowy Landscape in Spring

Price Realized: HK$ 21,210,000

Lot 384

Huang Binhong

Huang Mountains

Price Realized: HK$ 5,400,000

Lot 348

Gao Jianfu

Moon Night

Price Realized: HK$ 4,560,000

Lot 431

Huang Binhong

Landscape

Price Realized: HK$ 3,720,000

Lot 305 – 339

Fan paintings collected by Yuan Di’an

35 lots were sold out, achieving a turnover of HK$ 4.92

Asian 20th Century and Contemporary Art

This section sold HK$143 million, with a high sell-through rate of 92 percent. Many works breezed past their high estimates. Wu Guanzhong’s Clove Flowers was sold for HK$24 million, setting the latest world record of the artist’s paintings of bottle flowers theme. A New House by Wu Guanzhong also sold at a good price of HK$8.57 million. Yuan Jai’s Mother and Child fetched HK$1.2 million, setting a world record for the artist.

Lot 36

Wu Guanzhong

Clove Flowers

Price Realized: HK$ 20,040,000

＊setting a world record of Wu’s paintings of bottle flowers theme＊

Lot 32

Lin Fengmian

Lotus

Price Realized: HK$ 11,850,000

Lot 37

Wu Dayu

Flowers Rhymes

Price Realized: HK$ 10,680,000

Lot 35

Wu Guanzhong

A New House

Price Realized: HK$ 8,574,000

Lot 43

Yayoi Kusama

Flower

Price Realized: HK$ 4,680,000

Ceramics and Works of Art

Five sessions and over 660 lots were included in this section, fetching HK$227 million. 21 lots in Foretold Blessings: the Dong Bo Zhai Collection of Chinese Art were all sold out, realizing HK$110 million, with 5 lots being sold for over 10 million yuan. Enchanting Vapours: The Du Shu Lou Collection of Scholarly Objects achieved a turnover of HK$10.7 million and a sell-through rate of 85 percent. Fine Chinese Ceramics and Works of Art: Part I reached HK$37.95 million, and Fine Chinese Ceramics and Works of Art: PartⅡHK$21.95 million. The last one Heavenly Rites: Fine Chinese Jade Carvings fetched HK$46.45 million.

Classic Furniture

The only session Classic Furniture from the Hung Collection offered 25 lots, fetching HK$22.91 million.