The sale achieved HK$467 million / US$60 million, more than doubling the pre-sale estimate. The top lot of the sale was Zhang Daqian’s La Beauté Antique –exemplifying the pinnacle of the artist's gongbi brushwork style – which fetched HK$66.2 million / US$8.5 million, more than fourteen times its last auction price, in 2001. Other notable highlights were Fu Baoshi’s Lofty Terrace of Mount Huang, which earned HK$28.12 million / US$3.6 million, as well as Yu Fei’an’s Mandarin Ducks in the Pond, which achieved HK$7.48 million / US$960,000, eight times its high estimate.
With more than 350 paintings by modern Chinese artists, this sale features salient works by masters such as Zhang Daqian, Qi Baishi, Xu Beihong, Fu Baoshi and Li Keran. These are joined by important works from prestigious collections, featuring La Beauté Antique by Zhang Daqian, which was exhibited in Tchang Ta Ts’ien Exhibition in Musée D’Art Moderne, Paris in 1956. Also in the sale is an array of calligraphy from the early 20th century and an assemblage of exquisite fans, handscrolls and albums from a private collection.