Press Release

SOTHEBY’S HONG KONG FINE CHINESE PAINTINGS AUTUMN SALE Totals HK$267 Million / US$34.4 Million

By Sotheby's

On Route Switzerland-Austria by Zhang Daqian

From Zhang Daqian Family Collection

Tripling Pre-sale Estimate to Sell for HK$45,728,000 / US$5,900,387

(Est. HK$12,000,000 - 20,000,000 / US$1,560,000-2,590,000)

Important Wu Guanzhong Works

From the Collection of Chu Teh-Chun

Sell for a Combined Total of HK$91,717,000 / US$ 11,838,000

(Est. HK$50,500,000 - 66,000,000/ US$6,543,000 – 8,538,000)


Further Highlights

White Peacock by Pu Ru

Achieves HK$10,097,000 / US$1,302,839, Ten Times Pre-sale Estimate

(Est. 1,000,000-2,000,000 / US$130,000-259,000)

Bamboo Grove by The Rocks by Qi Gong

Realises HK$3,906,000 / US$504,000, Nearly Ten Times Pre-sale Estimate

(Est. 400,000 - 600,000 / US$52,000-78,000)

Sotheby’ s Fine Chinese Paintings Autumn Sale, comprising modern Chinese paintings and calligraphy works, brought a total of HK$267 million / US$34.4 million, with a sell-through rate of 93%.

We saw spirited bidding from collectors both in the region and overseas, for paintings with impeccable provenance, including a splashed ink-and-colour masterpiece by Zhang Daqian from the painter’s family collection, important works by Wu Guanzhong from the collection of Chu Teh-Chun, and Pu Ru’s White Peacock, and Qi Gong’s Bamboo Grove by The Rocks. Paintings and calligraphy from the collection of Tung Chiao performed well, with almost all of the lots finding buyers.
Carmen Ip, Head of Department, Fine Chinese Paintings, Sotheby’s Asia

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