Tag Archives: zao wou-ki

Update: Christie’s HK Evening Auction of Contemporary Chinese And Asian Art A Success

Evening Sale of Chinese and Asian Contemporary and 20th Century Art Brings In $23.4 million – 89% Sold By Lot, 98% Sold By Value, Zao Wou-Ki Takes In $4,585,704 For One Painting

Sold for $858,037: Contemporary Chinese artist Zhang Xiaogang's "Big Family Series No. 21" (1999)

Sold for $858,037: Contemporary Chinese artist Zhang Xiaogang's "Big Family Series No. 21" (1999)

A quick update about Christie’s first out of three Asian and Chinese contemporary and 20th century art auctions currently taking place in Hong Kong. As of the first sale — the evening sale — bidding was strong and prices healthy, with historical and top artists selling well and for good prices. Some artists, such as Chinese artist Sanyu — who was sold for $5.4 million — set artist records, as the artist (who died in 1966) far exceeded the previous record set for his work in 2006.

Although I don’t have much detail yet about the buyer demographics — I’ll post an update once I do — here are some of the figures from the first night of auctions:

Zao Wou-Ki $7,660,122 (Total, for three works)
Cai Guo-Qiang $1,091,341
Zhang Xiaogang $858,037
Zeng Fanzhi $780,270
Liu Ye $624,734
Fang Lijun $593,627
Yoshitomo Nara (Japanese) $562,520
Chen Yifei $267,003

You can see the final results of all lots for the evening sale here. Updates will follow on the following auctions.