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    Strong Sales For Chinese Artists At Sotheby's, Christie's Auctions

    Chen Zhen's work "Uninterrupted Voice" was particularly notable at the recent auctions in London, selling for $386,483, more than double its high estimate of $160,100.
    Jing DailyAuthor
      Published   in Hard Luxury

    100% Of Chinese Lots Sell At Christie's In London, Zeng Fanzhi And Wang Guangyi Take The Day At Sotheby's#

    Last weekend at both Sotheby's and Christie's in London, collectors indicated that the upward momentum we've seen in the prices of works by blue-chip Chinese artists at recent auctions continues to gain steam. At Christie's Day Sale of Post-War and Contemporary Art, works by Zao Wou-Ki, Chen Zhen, and Wang Guangyi went well above high estimates. To put the Chinese sales into context, 100% of works by Chinese artists sold, compared to 66% of overall lots sold at the auction.

    Chen Zhen's work "Uninterrupted Voice" was particularly notable at this auction, selling for $386,483, more than double its high estimate of $160,100. Additionally, the performance of Wang Guangyi at Christie's -- as well as Sotheby's -- last week hints that Wang's appeal among new collectors is growing.

    Results from Christie's Day Sale in London:#

    -

    Zao Wou-Ki#

    : "Untitled" (1960) -- Sold for $63,519, over high estimate of $28,818

    -

    Ai Weiwei#

    : "Beijing's Presents" (2002, from edition of three) -- Sold for $40,050

    -

    Chen Zhen#

    : "Uninterrupted Voice" (2000) -- Sold for $386,483, more than double its high estimate of $160,100

    -

    Li Song Song#

    : "Mongolians" (2006) -- Sold for $117,347, nearly

    triple#

    its high estimate of $44,828

    -

    Wang Guangyi#

    : "Great Criticism: Nestle" (2002) -- Sold for $59,675, over its high estimate of $48,030

    Across town at Sotheby's, Chinese contemporary artists -- including collector favorites like Zeng Fanzhi -- sold briskly at the Contemporary Art Day Auction, with six of the seven works offered finding new homes. A small work by Zhang Xiaogang was the most expensive Chinese lot, selling for $286,085. Three works by Wang Guangyi were sold at this auction, with one -- 1993's "Un Poulet Roti" -- going for more than double its high estimate.

    Results from Sotheby's Contemporary Art Day Auction#

    :

    -

    Zeng Fanzhi#

    : "Portrait 08-7-8" (2008) -- Sold for $153,499

    -

    Zhang Xiaogang#

    : "Portrait D" (2001) -- Sold for $286,085

    -

    Wang Guangyi#

    : "Un Poulet Roti" (1993) -- Sold for $62,583, more than double its high estimate of 27,800

    -

    Wang Guangyi#

    : "Great Criticism Series: Audi" (2005) -- Sold for $96,677

    -

    Wang Guangyi#

    : "Great Criticism Series: Swatch" (2005) -- Sold for $106,147

    -

    Li Tianbing#

    : "Autoportrait Avec Mon Frere, No. 2" (2006) -- Sold for $96,677

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