The sale achieved HK$393.6 million in total with 97.3% sold by lot and 83% of the works exceeding their high estimates. The sale was led by Zhang Daqian's Landscape in Afterglow, which soared over the high estimate to fetch HK$24.2 million. Exceptional paintings from distinguished overseas collections were highly sought after. The demand for such works was evident throughout the sale with the record-setting Roaring Lion by Gao Qifeng from A North American Collection; Zhang Daqian’s Lotus in the Wind, from The Museum of Modern Art, New York sold to benefit the acquisitions fund; and Xu Beihong’s Horses from a European Private Collection all achieving superb prices, often many multiples of the high estimates.
This Spring, Chinese Paintings Department is presenting a selection of works by modern artists including Zhang Daqian, Qi Baishi, Fu Baoshi, Wu Changshuo and Xie Zhiliu etc, many of which originate from European and North American collections and are fresh on the market. One of the highlights is Lotus in the Wind by Zhang Daqian from the MoMA NY collection, which is marked as the artist’s signature lotus work during the 1960s for his exuberant brushstrokes and intriguing dynamics.