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Danish Art
On a day when spring overcast skies cast a gray shadow over Hong Kong, the picture within the halls of Sotheby's sales was much less gloomy. The house celebrated the year's first major international auction of 20th century Chinese art and contemporary Asian art, and many works prompted bidding spirit in the room and on the phones. In a day of amazing success, a number of record prices were established.
The morning session, dedicated to the art of 20th century China, demonstrated the strength of the category, with 44 sales of 55 lots, most of them for "modern" masters. The auction raised an impressive HK $ 92,693,750 (U.S. $ 11,862,019), well above its presale high estimate of HK 51.12 million U.S. dollars.
Five of the ten articles of the session of French education, mainland-born painter Lin Fengmian who was persecuted during the Cultural Revolution and forced to destroy many of their works. He died in Hong Kong in 1991. An educator and artist, Lin is considered a pioneer of a school of Chinese art that combines traditional aesthetics with compositions European use of color. In 2007, the Hong Kong Museum of Art honored him with a major retrospective.
An Asian private collector paid HK $ 16,340,000 (U.S. dollars U.S. 2,091,030) for fishing harvest of the artist, setting a new auction record. The work was sold by the heirs of Lorenz Petersen, former Danish ambassador China, who purchased directly from the artist in the 1960s, when the worst years of the Cultural Revolution were still to come. Sotheby's gave the work a modest estimate of HK $ 3 ¨ C3.5 billion.
In the evening sale of contemporary paintings, photography, video and sculpture from China, Korea, Hong Kong and Japan, the economy and the severe reduced appetite for "new art" of Asia was more palpable. The sale offset HK $ 66,434,000 (U.S. dollars U.S. 8.5 million), which was within the narrow range of pre-sale estimate of HK $ 59.1 ¨ C82.9 billion (U.S. $ 7.5-10.6 million dollars). But with the bids not only from Asia but also Europe and the U.S., head of Sotheby's contemporary Asian art, Evelyn Lin said: "We are pleased and encouraged by today's results. Top-quality works by all the major Chinese artists to find buyers and sold well, and we I saw the prices of some exciting conceptual art for the Japanese, Korean and Hong Kong artists.
Brightest spot in the session, literal and figuratively, was a record of sculpture by the Japanese artist Yayoi Kusama. Pumpkin, a yellow plastic pumpkin around one cubic meter in size, and adorned Artist spotted the firm, has exceeded its previous estimates of the sale of C2 HK $ 1.5 million to win ¨ HK $ 2,720,000.
Records were also set for Chinese artists. Sixty-three years of the cycle of Chariot, a conceptual piece of Huang Yongping, brought HK $ 3,380,000, more than twice its high estimate HK $ 1.5 million. Legacy Mantle, a rusty, about 10 feet high iron sculpture of a Mao jacket by Sui Jianguo, sold by a robust HK $ 3,140,000 (HK ¨ C3.5 est. $ 2.5 million).
In total, 74 percent of lots sold, a respectable result in the credit crisis era. The top lot was a painting without Zhang Xiaogang title, which sold for HK $ 4,820,000 (est. $ HK4 ¨ C5.5 million). Second was the hat of the series? Armed Forces by Yue Minjun, to HK $ 4,580,000 (est. HK $ 3.5 ¨ C5.5 million). Yue remains a favorite of the auction, and archeology was photographed for HK $ 2,060,000, almost tripling its high estimate of HK $ 700,000.
Despite these results, however, several works by big names than a year ago has inspired a frenzy BuyItNow not met the reserve price. Among the notable casualties were the pieces by the crowd-pleasing pop artist Wang Guangyi and Cai Guo-Qiang wall size powder painting project at the Museum der Bildenden K ¨? Leipzig NSTE ¨ C Drawing for Ascendant.
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Article Source: ArticlesBase.com – Chinese Modern and Asian Contemporary Art Show Strength
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