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    Christie's Asian Contemporary Art Auction: Blue-Chip Artists Within Reach

    For less experienced collectors who want to dip in to Chinese contemporary art, or who can't compete with "super-collectors" for multi-million dollar works, is it too late to get in the game? Definitely not. From the upcoming Christie's day sale of Asian Contemporary Art, here is Jing Daily's list of "Blue-Chip Artists Within Reach."
    Jing DailyAuthor
      Published   in Finance

    Good Buys Remain Despite Enthusiasm Of Wealthy New Chinese Collectors#

    Following strong sales figures at Sotheby's in Hong Kong, Bonhams in London, and China Guardian in Beijing (where a painting by Zhang Daqian set a new record this week, selling for nearly US$15 million), many in the auction world are looking to the upcoming Christie's Spring Auctions to validate recent ArtTactic and Artron projections that the Chinese art market would continue to tick upward in 2010.

    Powered mostly by domestic Chinese collectors -- who worry about rising inflation, fears of a possible real estate bubble, stock market volatility and yuan revaluation -- historical antiquities from popular Chinese historical eras (mostly Tang, Ming, and early Qing) and blue-chip modern and contemporary Chinese art is selling for healthy prices at international and Chinese auction houses. While aggregate prices remain lower than their pre-financial-crisis peak, after strong interest from collectors at autumn 2009 and spring 2010 auctions, 69% of ArtTactic survey respondents said they expect prices to continue going up in 2010 and reach 2007 levels within the next two years.

    For less experienced collectors who want to dip in to Chinese contemporary art -- or who can't compete with "super-collectors" for multi-million dollar works by Liu Ye or Zeng Fanzhi -- is it too late to get in the game? Definitely not. From the upcoming Christie's day sale of Asian Contemporary Art (taking place in Hong Kong on Sunday, May 30), here is Jing Daily's list of "

    Blue-Chip Artists Within Reach."#

    (Click images for full size.)

    1. Zeng Fanzhi: "Untitled (Reclining Figure)" [edition 32/65] (2008)#

    Silkscreen print
    Lot: 1798
    Size: 38 3/4" x 46 1/4"
    Estimate: HK$50,000-80,000 (US$6,400-10,300)

    2. Cai Guo-Qiang: "Book on Military Strategy" (1998)#

    Gunpowder on paper, with original wooden box
    Lot: 1504
    Size: 13 3/4" x 815 1/4"
    Estimate: HK$220,200-320,000 (US$28,200-41,000)

    3. Ye Yongqing: "Bird" (2007)#

    Acrylic on canvas
    Lot: 1550
    Size: 33 1/4" x 34 5/8"
    Estimate: HK$90,000-120,000 (US$11,500-15,400)

    4. Sui Jianguo: "Legacy Mantle (From Soft Sculpture Series)" (1998)#

    Painted rubber sculpture
    Lot: 1589
    Size: 15 1/2" x 12 1/4" x 8"
    Estimate: HK$150,000-250,000 (US$19,200-32,100)

    5. Yue Minjun: "Smiles Make the World Go Round" [edition 38/45] (2008)#

    Silkscreen print
    Lot: 1799
    Size: 45" x 38"
    Estimate: HK$50,000-80,000 (US$6,400-10,300)

    6. Cang Xin: "Communication Series No. 4 - Temple of Heaven" (2002)#

    Chromogenic print
    Lot: 1596
    Size: 48 3/4" x 48 3/4"
    Estimate: HK$25,000-35,000 (US$3,200-4,500)

    7. Liu Wei: "Rock N' Roll on the Long March"#

    Ink on paper
    Lot: 1653
    Size: 13" x 9 1/2"
    Estimate: HK$80,000-120,000 (US$10,300-15,400)

    8. Gu Wenda: "The Mythos of Lost Dynasties - H34" (2005)#

    Ink on paper, mounted on paper
    Lot: 1606
    Size: 36 5/8" x 23"
    Estimate: HK$120,000-180,000 (US$15,400-23,100)

    9. Hai Bo: "Bridge (Diptych)" [edition: 9/18] (1999)#

    Two chromogenic prints
    Lot: 1610
    Size (each): 15 1/8" x 23"
    Estimate: HK$60,000-80,000 (US$7,700-10,300)

    10. Yin Xiuzhen: "Shoes" [edition: 5/12] (1998)#

    Set of 10 chromogenic prints
    Lot: 1611
    Size: 15 7/8" x 23 3/4" (10)
    Estimate: HK$100,000-150,000 (US$12,800-19,200)

    11. Zhang Xiaogang: "Bloodline: Big Family" [edition 54/58] (2006)#

    Lithograph print
    Lot: 1797
    Size: 41 1/2" x 55"
    Estimate: HK$50,000-80,000 (US$6,400-10,300)

    12. Zhang Dali: "Demolition" [edition 8/10] (2001)#

    Chromogenic print
    Lot: 1657
    Size: 38" x 30"
    Estimate: HK$20,000-30,000 (US$2,600-3,800)

    13. Liu Ye: "Thumbelina" (2005)#

    Watercolor, pencil on paper
    Lot: 1684
    Size: 30" x 21 7/8"
    Estimate: HK$120,000-160,000 (US$15,400-20,500)

    14. Zeng Fanzhi: "Study for Mask Series 1999" (1999)#

    Pen and Color pencil on paper
    Lot: 1500
    Size: 8 5/8" x 11"
    Estimate: HK$100,000-150,000 (US$12,800-19,200)

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