BEIJING - It is a measure of Sotheby’s strength in Asia that in our 40th year in the region our autumn series of sales saw a turnover of nearly $HK4.2 billion – a record for any international arts business in Asia.

The figure lifts market confidence and confirms the power of the Asian art market, particularly China. It is also a positive precursor to the opening of a new Sotheby’s office in Beijing, where Sotheby’s global resources will play a role in raising the profile of the city as an international arts centre.

Sotheby’s “Beijing Art Week,” a major step in engaging with the vibrant arts scene in China’s capital, will run from 28th November to 1st December, with touring exhibitions, auctions, private selling exhibitions and more.

Our auction on 1 December will be dedicated exclusively to Modern and Contemporary Chinese Art, which has been specially curated to resonate with a Mainland Chinese audience. More than 140 masterpieces have been assembled for this sale, led by Zao Wou-Ki’s Abstraction, currently in the collection of the prestigious Art Institute of Chicago

Zao Wou-Ki's Abstraction, currently in the collection of the Art Institute of Chicago, will be offerred in Beijing on 1 December.

The sale is divided into four specially curated sections which offer an overview of Chinese art practice of the last five decades: the first – New Wave 1980s-1990s: Art of Transformation in China – offers definitive artworks from this socially transformative period in Chinese history. The second section, entitled 20th Century Chinese Art features such masterpieces as Abstraction, while the Contemporary Chinese Art session brings the sale up to date with artists working today. The final section, entitled Contemporary Chinese Ink Drawings, explores the current innovation in this area of Chinese artistic practice.

Li Guijun's 140 Art Studio will be offered in Bejing on 1 December.

A series of selling exhibitions offer Western paintings from Old Masters to Contemporary, European 19th furniture and decorations, while educational symposia have been designed to cater for the growing interest of Chinese clients in ‘non-Chinese’ art.

We hope that the exciting series of arts events we have planned for Sotheby’s “Beijing Art Week” will appeal to discerning and potential and underline Sotheby’s commitment to Beijing as a burgeoning international arts capital.

Guihua Wen is President of Sotheby’s (Beijing) Auction Co. Ltd