Sotheby’s Beijing Autumn Sale of Modern and Contemporary Chinese Art achieved RMB 61,741,140 / USD 9,878,582 (estimate in excess of RMB 50 million / US$8.2 million) with sell-through rates of 89.3% by lot and 88.2% by value. The solid results confirm the success of Sotheby’s meticulous curatorial approach in developing the China market. The top lot, Zao Wou-Ki’s 27.1.86, was sold for RMB 17.7 Million / US$2.8 Million (Est. RMB 12 – 18 Million / US$1.96 – 2.94 Million). Following the strong performance in our Hong Kong Autumn Sales, works by younger generation artists continue to attract significant interest and their works performed exceptionally well today with all lots sold. Collectors responded positively to our stepped-up offerings of contemporary ink art, reaffirming Sotheby’s pioneering role in the promotion of this category.
Following an outstanding spring sale earlier this year, Sotheby’s Beijing will present a Modern and Contemporary Chinese Art sale on 30 November. On offer will be a diverse range of exceptional masterpieces, including bold new creations of Contemporary Chinese art, representative works by 20th Century Modern Chinese masters and Modern and Contemporary Chinese Ink paintings.