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The 29th China Guardian Quarterly Auction, the first auction for China Guardian in 2012, realized a total turnover of 290 million yuan in Beijing on March 26. The result highlighted the strong brand appeal and influence of China Guardian. It also reflected the trust and recognition of the collectors for the China Guardian. The auction added a touch of light for the spring auction market and greatly boosted market confidence in another way.

The Chinese paintings and calligraphy section ended with a turnover of 230 million yuan. The average turnover rate was up to 80 percent in 11 sessions. Huang Zhou’s Character, which took five years to draw, ranked No.1 at 7.245 million yuan. Xu Linlu’s Landscape was auction at 2.07 million yuan after fierce bidding. It hit the artist’s highest transaction price. Fu Baoshi’s Landscape, drawn in 1961, sold for 4.255 million yuan. In the contemporary paintings and calligraphy section, a work from 2011, Song Guiyu’s Sea, was auctioned at 1.61 million yuan. In the ancient paintings and calligraphy section, the Bamboo Orchid and Rock Bamboo by Wang Fu was sold for 3.45 million yuan.

In the porcelain, works of art and furniture section, a Blue and White Vase from the Jiaqing period was auctioned at 1.4375 million yuan. It was the highest price of the Porcelain and Works of Art session. In addition, another Blue and White Vase from the Tongzheng period was sold for 0.7015 million yuan and a Blue and White Brushpot from the Ming Dynasty was auctioned at RMB 0.897 million yuan.

A first introduced tea sets theme was sought by collectors. A Pair of Teapots was sold for 0.667 RMB million yuan to win first place. In furniture session, most of the lots have no reserve price. Even so, the auction ended at the total turnover of 10.55 million yuan. The turnover rate was up 98 percent. Among the lots, a Huanghuali Cabinet’s realized price crossed the million mark (RMB 1.058 million yuan). It was five times that of its estimate. The Ten Lacquer Screen Panels was auctioned at RMB 0.69 million yuan. The Huanghuali Corner Cabinet was taken home by collector at 0.667 million yuan. It was six times that of its estimate.

In the rare books section, the Gu Qi Lun Ji, Guo Ya Twenty Volumes, Continuation Four Volumes, Guo Ya Pin One Volume ranked first place at 0.69 million yuan. The Manuscripts in Late Qing and Republic of China was as high as 0.575 million yuan.

In the manuscripts section, the Rubbing of Chariot and Horse Painting of the Han Dynasty was auctioned at 0.345 million yuan, seven times that of its estimate.