Sotheby's Contemporary Asian Art Auction In Hong Kong (October 3): Top 10 Lots To Watch

Anticipation, Demand High Among Chinese Collectors For Quality Blue-Chip Works Zhang Xiaogang’s "Bloodline: Big Family No. 1" (Est. HK$58-65 million / US$7.4-8.3 million) Coming one day after the sprawling second installment of the Ullens collection auction series (previously on Jing Daily), the upcoming Contemporary Asian Art auction at Sotheby's in Hong Kong is sure to see the same spirited bidding that characterized its counterpart last April. At the last Sotheby's auction of contemporary Asian art, Chinese collectors proved key to pushing the sale far beyond its pre-sale estimate of HK$121 million (US$16 million), homing in on mainland Chinese blue-chip artists like Zhang Xiaogang and Liu Ye and breaking records in the process. All told, the auction took in HK$182.9 million (US$23.5 million), with Zhang proving the most valuable artist, his 1995 painting “Bloodline – Big Family” selling for HK$56.6 million (US$7.3 million), 140 percent over its pre-sale high estimate. Other lots that excited Chinese collectors included Liu Ye’s “The Rietveld-Schröder House At Nightfall,” which sold for HK$7.8 million (US$1 million), nearly HK$2 million over its high estimate, Zeng Fanzhi’s “Mask Series" drawing, which went for HK$560,000 (US$72,000) — almost triple its high estimate — and Qiu Xiaofei’s “Studying No. 3,” which ended up at HK$524,000 (US$67,380), more than five times its high estimate. This time around, look for more works by Zhang, Liu, and sought-after top-tier Chinese artists like Fang Lijun, Zeng Fanzhi, Wang Keping, Yang Shaobin and Xu Bing to keep the bids coming in strong. With many of the issues that are motivating wealthy new Chinese collectors to head to Hong Kong to bid for historical and quality art, antiques, wine, and jewelry -- inflation, a touchy real estate market and an unreliable stock market -- remaining pressing, expect mainland collectors to come out swinging. Jing Daily's top lots to watch on October 3 in Hong Kong: Zeng Fanzhi - Mask Series (1998) Lot: 911 Oil on canvas Size: 99.6cm x 80.4 cm (39 1/4 x 31 5/8") Estimate: HK$4-6 million (US$515,000-770,000) Zeng Fanzhi Zhang Xiaogang - "Bloodline Series: Boy" (2006) Lot: 971 Oil on canvas Size: 149.8cm x 120cm (59 x 47 1/4") Estimate: HK$4.5-6.5 million (US$580,000-830,000) Zhang Xiaogang Zhan Wang - "Artificial Rock Series No. 29" (2004) Lot: 1004 Stainless steel Size: 220cm (H) x 129cm x 70cm (86 5/8 (H) x 50 3/4 x 27 1/2") Estimate: HK$1.8-2.2 million (US$230,000-280,000) Zhan Wang Cai Guo-Qiang - "Money Net No. 3 - Project for Royal Academy of Art, London (diptych)" (2002) Lot: 1011 Gunpowder on paper Size: 400cm x 600cm (157 1/2 x 236 1/4") Estimate: HK$4-5 million (US$515,000-645,000) Cai Guo-Qiang Yang Shaobin - "Police Series No. 4, 26 & 35 (three works)" (1996) Lot: 1031 Oil on canvas Size: Each: 41cm x 33cm (16 1/8 x 13") Estimate: HK$700,000-1,000,000 (US$90,000-129,000) Yang Shaobin Sui Jianguo - "Legacy Mantle (set of five)" (2006) Lot: 940 Fibreglass with automotive paint Size: Each: 63.5cm x 48.2cm x 30.4cm (25 x 19 x 12") Estimate: HK$1.2-1.8 million (US$154,000-231,000) Sui Jianguo Yue Minjun - "Hat Series" (2005) Lot: 915 Oil on canvas Size: 170.4cm x 140cm (67 1/8 x 55 1/8") Estimate: HK$2.5-3 million (US$321,000-385,000) Yue Minjun Zhang Xiaogang - "Comrade No. 6 & No. 7 (two works)" (1996) Lot: 969 Oil on canvas Size: Each: 60cm x 50cm (23 5/8 x 19 5/8") Estimate: HK$3.5-4.5 million (US$450,000-580,000) Zhang Xiaogang Xu Bing - "New English Calligraphy: Spring Dawn - Poem by Meng Haoran (triptych)" (2002) Lot: 1010 Ink on paper (scroll) Size: Each: 137.7cm x 68.8cm (54 1/4 x 27 1/8") Estimate: HK$550,000-650,000 (US$71,000-83,500) Xu Bing Zeng Fanzhi - "Red Road" (2004) Lot: 913 Oil on canvas Size: 258.4cm x 178.4cm (101 3/4 x 70 1/4") Estimate: HK$4.5-6.5 million (US$577,000-833,000) Zeng Fanzhi

Sotheby's Contemporary Asian Art Auction In Hong Kong (October 3): Top 10 Lots To Watch

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Published September 22, 2011

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Sotheby's Contemporary Asian Art Auction In Hong Kong (October 3): Top 10 Lots To Watch