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China Guardian 2016 Spring Auctions fetch RMB 2.19 billion

  Updated: 2016-05-20 Source: China Guardian  
 

After an exciting five days of auctions, the China Guardian 2016 Spring Auctions concluded with a total of 2.19 billion yuan in sales on May 18.

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The Grand View Night on May 15 was extremely popular among collectors.

President of China Guardian, Hu Yanyan said, "Encouraging is the exact word that I want to use to describe this year’s spring auctions." China Guardian brings warm sunshine to the gloomy market.

Sales volume of Grand View Night sets a new high

The session, Grand View: Chinese Painting Highlight – Classical, collects 45 items of high quality Chinese Tang, Song, Yuan, Ming, and Qing dynasty items, including four pieces of national first-class cultural relics.

The transaction volume of classical Chinese painting and calligraphy ranked in the top three. Zeng Gong’s calligraphy work, The Jushi in Regular Script, set a record high of 207 million yuan.

The total sales volume of this session was 667 million yuan.

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Zeng Gong’s calligraphy work, The Jushi in Regular Script
29 × 39.5 cm
Sale price: RMB 207,000,000

On the other hand, the total sales volume of the session, Grand View: Chinese Painting Highlight-Modern, reached 447 million yuan. Ten pieces of the 87 lots in this session were sold for more than 10 million yuan.

Huang Binhong’s Conversation in Pavilion and Fu Baoshi’s Mountain Ghost were sold respectively at 56.35 million yuan and 51.75 million yuan.

Before the auction, Huang’s work had already attracted a lot of attention from collectors.

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Huang Binhong’s Conversation in Pavilion
45 × 126 cm
Sale price: RMB 56,350,000


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Fu Baoshi’s Mountain Ghost
134 × 67 cm
Sale price: RMB 51,750,000

In this year’s spring auctions, the section for Chinese painting and calligraphy reached a sales volume of 1.5 billion yuan. Lots from the Grand View Night are still the highlights of the section.

Private collection gains popularity

With the support of customers, China Guardian put forward a special session: Ode to Gallantry - Painting and Calligraphy by Celebrated Politicians, Scholars and Artists, which gathered more than 150 items from the period of the Republic of China.

After five hours of exciting bidding, the total volume of this session was 60,96 million yuan. Hong Yi’s former collection, Motto Collection, was sold for 6.44 million yuan, much higher than its estimated price of 1.2 million yuan.

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Motto Collection, a former collection of Hong Yi
49.5 × 14.5 cm (per page)
Sale price: RMB 6,440,000

Chinese 20th century art and contemporary art fetch more

China Guardian's oil painting section this year was renamed "Chinese 20th century art and contemporary art" for marketing purposes.

Meanwhile, the strategy of predicting the market through academic study has also been highly recognized by collectors.

Eventually, the total transaction volume of this section reached 201 million yuan.

Wu Guanzhong’s New Paris was sold at the highest price of the session of 20th Century & Contemporary Chinese Art Evening Sale, reaching 22.42 million yuan.

The session, '85 New Wave Art, put forward 11 oil paintings. Yuan Qingyi’s Spring Is Coming is the highlight and sold for 21.27 million yuan.

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Wu Guanzhong’s New Paris
Oil Painting
91 × 73 cm
Sale price: RMB 22,425,000

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Yuan Qingyi’s Spring Is Coming
170 × 189 cm
Sale price: RMB 21,275,000

Porcelain and works of art
This section featured rare treasures for collectors and was highly anticipated. Its total sales volume reached 250 million yuan.

An extremely rare and fine glazed cup with bamboo patterns from the reign of Emperor Yongzheng of the Qing dynasty is one of the top ranking porcelains in the world, which sold for 22.42 million yuan.


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An extremely rare and fine glazed cup with bamboo patterns from the reign of Emperor Yongzheng of Qing dynasty.
D 6.25 cm
H 4.45 cm
Sale price: RMB 22,425,000

Exquisite Zisha teapots, fine jade carvings, and superb embroidery were also presented to collectors. Among them, a pumpkin shaped Zasha teapot made during the reign of Kangxi Emperor of Qing dynasty attracted attention and was sold for 32.2 million yuan, which also set a new record for Zisha teapots.
 

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A pumpkin shaped Zisha teapot made during the reign of Kangxi Emperor of Qing dynasty H 9.8 cm
W 17.8 cm
Sale price: RMB 32,200,000

Besides, a rare bronze gilt Buddhist figure of Sakyamuni has also become the focus of collectors. It sold for 25 million yuan.

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Sakyamuni, a rare bronze gilt Buddhist figure
H 14.3 cm
Sale price: RMB 25,300,000

Furniture and works of art
This section’s highlights include classical furniture, scholar’s studio objects and modern and contemporary seal art, as well as stone artworks.

A pair of Huanghuali chairs with dragon patterns from the late Ming Dynasty, featuring a very extravagant use of materials, aroused a bidding war at the auction. They finally sold for 9.2 million yuan.

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A pair of Huanghuali chairs with dragon patterns from the late Ming Dynasty 58.8 × 45.5 × 110 cm
Sale price: RMB 9,200,000

Furthermore, a rare gold Zun, a kind of vessel, with patterns of goats from the reign of Qianlong Emperor of Qing Dynasty was sold for 10.5 million yuan.

 

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A rare gold Zun, a kind of vessel, with patterns of goats from the reign of Qianlong Emperor of Qing Dynasty
D 19 cm
H 7.5 cm
G 1261 g
Sale price: RMB 10,522,500

Online bidding services expanded

This year, China Guardian put nine sessions for online bidding for the purpose of providing better and more convenient service to its customers.

The online bidding session of "Fine and Rare Wines of the World" reached a 96 percent transaction rate and sold for 12.53 million yuan.

 

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Château Lafite Rothschild – Vintage 1982
12 piece/750ml
Sale price: RMB 552,000

 

  
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