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| <nettime> SCMP: Record Prices for Chinese Art in China |
South China Morning Post Sotheby’s sells Zhang Daqian painting for a record HK$240 million in Hong Kong auction PUBLISHED : Tuesday, 05 April, 2016, 1:45pm http://www.scmp.com/news/hong-kong/economy/article/1933693/sothebys-sells-zhang-daqian-painting-record-hk240-million The economic slowdown failed to exert its influence in the art world on Tuesday, as a Zhang Daqian painting sold for a record HK$240 million in a dramatic auction. At Sotheby’s fine Chinese painting sale at Hong Kong’s Convention and Exhibition Centre, the hammer fell on Zhang’s 1982 hanging scroll “Peach Blossom Spring” after nearly 50 minutes of bidding. [”Peach Blossom Spring” is considered one of the most important works from Zhang’s late period] The landscape painting, characterised by splash ink and intense colour, is considered one of the most important works from Zhang’s late period. It had a pre-sale estimate at HK$65 million, including buyer’s premium. The auction, which took place in a packed bidding room, started at HK$30 million. Initial bidding raged between bidders on the phone and on the floor, but slowed down at around HK$100 million. Four phone bidders competed for the painting initially, with two giving up at HK$138 million. A mysterious new phone bidder joined the contest at HK$152 million, sparking applause in the bidding room. Multibillion-dollar Hong Kong spring auction season begins on uncertain note [1] “This is crazy,” said a buyer on the floor. The bidding carried on and at HK$177 million another new bidder joined the game. Finally one of the phone bidders won, settling at HK$240 million. Another round of thunderous applause spread through the bidding room. [The auctioneer said it was a new world auction record for a Zhang work] The buyer was from mainland collector Liu Yiqian’s Long Museum in Shanghai. The final price was HK$271 million, including buyer’s premium. Emperor Kangxi’s imperial seal to be auctioned at Sotheby’s Hong Kong [2] The auctioneer said it was a new world auction record for a Zhang work. Sotheby’s spring auction series continued on Tuesday. Links [1] https://www.scmp.com/lifestyle/arts-entertainment/article/1932888/multibillion-dollar-hong-kong-spring-auction-season [2] https://www.scmp.com/news/hong-kong/article/1924646/emperor-kangxis-imperial-seal-be-auctioned-sothebys-hong-kong [3] http://www.scmp.com/news/china/money-wealth/article/1931385/billionaire-chinese-couple-spend-more-half-their-income # distributed via <nettime>: no commercial use without permission # <nettime> is a moderated mailing list for net criticism, # collaborative text filtering and cultural politics of the nets # more info: http://mx.kein.org/mailman/listinfo/nettime-l # archive: http://www.nettime.org contact: nettime@kein.org # @nettime_bot tweets mail w/ sender unless #ANON is in Subject: