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China Guardian recently unveiled its annual performance in the year 2010: 28,000 lots have been sold for a turnover of RMB 7.55 billion yuan(Euro 755 million), with four single lots auctioned for over RMB 100 million(Euro 10 million) and 76 individual items were transacted for over RMB 10 million yuan(Euro 1 million). These lots sold at spring and autumn auctions and four season auctions held by China Guardian varied in their categories, which included Chinese painting and calligraphy, porcelain, furniture and works of art, oil painting, sculpture, rare books and manuscripts, stamps, coins, banknotes and bronze mirrors, jadeite, jewelry and watches. China Guardian has created an all-time high in its sales since its foundation 17 years ago, and a 180% increase compared with the total turnover of RMB 2.712 billion(Euro 271.2 million) yuan in 2009.

A number of Auction Records Set by Transacted Volumes of Various Categories

Four single lots were auctioned for over RMB 100 million yuan and 76 individual items were transacted for over RMB 10 million yuan.

Chinese Painting and Calligraphy

In 2010, China Guardian auctioned more than 11,000 artworks of Chinese painting and calligraphy, achieving an annual turnover of RMB 5,540 million yuan. Four single works were traded for over RMB 100 million yuan, underlining China Guardian’s strong position in auction of this category.

At China Guardian’s 2010 Spring Auction, a single work was transacted for over RMB 100 million yuan for the first time in Chinese modern and contemporary painting: record-breaking trophy, the painting titled Aachensee Lake by the 20th century master Zhang Daqian was sold for RMB 100.8 million yuan, setting a new milestone for the market value of single work in Chinese modern and contemporary painting. At the Autumn Auction, Wang Xizhi’s cursive handscroll Ping An Tie was traded at a staggering price of RMB 308 million yuan, breaking a new record for single work of art in autumn auction domestically. In addition, Chen Gua’s Chinese Ink Flower was transacted at RMB 113.7 million yuan, and Li Keran’s giant ink painting Long March was sold at RMB 107.5 million yuan, creating a new high by China Guardian at the auction of modern and contemporary Chinese ink painting after Zhang Daqian's Aachensee Lake was sold for RMB 100.8 million yuan at the 2010 spring auction.

Porcelain, Furniture and Works of Art

Total sales of RMB 1.3 billion yuan were realized in this section. An auction session titled "Simple and Meaningful—Ming-Style Huanghuali Fine Furniture" led the auction market of the Ming-style huanghuali furniture to a good turnover of RMB 259 million yuan. In this session, a Ming Dynasty Huanghuali Canopy Bed with Six Horseshoe-Posts and Moiré Pattern was sold at RMB 43.12 million, creating a world record in the history of huanghuali furniture auction. Qing Qianlong Fine and Extremely Rare and Underglaze-Blue and Iron-Red “Dragon” Tibetan-style Vase was sold at RMB 35.84 million yuan, the highest price at the spring auction, while the Qing Qianlong Tibetan-Style Ewer and A Blue and White “Dragon” Moonflask was transacted at RMB 28 million yuan.

The modern and cotemporary porcelain and sculpture lots turned over RMB 130 million yuan in 2010. The 1948 Xiangming Shipiao Pot made by Gu Jingzhou with painting and calligraphy by Wu Hufan, was transacted at record-breaking RMB 12.32 million yuan in the auction of Purple Clay Pottery.

Chinese Oil Painting and Sculpture

In this part, the overall trading volume reached RMB 320 million yuan. Yuan Yunsheng’s line drawing Water Sprinkling Festival-A Paean to Life was traded at RMB 21.28 million yuan at the autumn auction, creating a record in individual auction of painters. Man, Eagle and Eye in the Sky by Cai Guoqiang was bid at RMB 17.92 million yuan. At the spring auction, Landscape of Today by Shi Chong set a record in individual auction at RMB 26.096 million yuan. The 1972 bronze sculpture by Tang Daxi, The Long March, was sold for a solid RMB 481,600 yuan.

Leading Market through Innovation

In 2010, China Guardian launched a variety of themed auction sessions and brought to the public a number of new categories which had never been sold before, trying to lead the auction market more constructively by linking up scholarship more closely with the market.

Auction Session Dedicated to Ming-Style Huanghuali Furniture, the Largest of Its Kind in Scale Domestically

The auction session titled "Simple and Meaningful —Ming-Style Huanghuali Fine Furniture" boasts the largest of its kind in scale domestically so far, demonstrating China Guardian’s leading position in the auction of Chinese classic furniture. In this auction session, the academic value of huanghuali furniture was able to be realized by its market value, which was believed to benefit the research on and protection of huanghuali furniture in the future. This auction session concluded with the sales of RMB 259 million, highest in the auction market of the Ming-style huanghuali furniture. A Ming Dynasty Huanghuali Canopy Bed with Six Horseshoe-Posts and Moiré Pattern was sold at RMB 43.12 million, creating a world record in the history of huanghuali furniture auction.

First-Ever Auction Session Dedicated to Watches of Famous Brands

In 2010, China Guardian launched an auction session dedicated to watches of famous brands at its Autumn Auction for the first time. Over 110 collection-level wristwatches including Patek Philippe, Vacheron Constantin, Cartier and Rolex made a collective appearance at the auction, turning over a closing price of RMB 18.712 million yuan and achieving a transaction rate of 80.9%.

First-Ever Domestic Auction Session Dedicated to Masterpieces Created by the 20th Century Forerunners of Chinese Oil Painting

At the Autumn Auction, China Guardian launched an auction session dedicated to masterpieces created by the 20th century forerunners of Chinese oil painting for the first time in China. China Guardian made great efforts in sorting and exploring oil paintings produced by Chinese forerunners during its inception in 1994, and at this auction session it assembled over 60 fine works created by the first and second generation of these Chinese masters, giving an expression of their spirit and profoundness. This session ended up with great sales, with a still life of flower, Wu Guanzhong’s Cockscomb auctioned at a breathtaking price of RMB 6.048 million yuan because of the rareness of its subject and clearness of its source.

Committed to Corporate Social Responsibility

Ever since its founding, China Guardian has been placing great emphasis on carrying out its social responsibility as a corporation, and has been actively committed to public and educational undertakings. In 2010, China Guardian rewarded the society and collectors through various forms including establishing scholarships and funds, launching charity auctions, and hosting exhibitions and lectures.

On July 7th, 2010, China Guardian funded the first special scholarship in the circles of Chinese Cultural Relics and Museology, China Guardian Xu Bangda Art Education Scholarship as to reward outstanding students majored in cultural relics and museology, archaeology and art.

China Guardian held three exhibitions in 2010, including Ming-Style Huanghuali Furniture Exhibition（largest of its kind in scale domestically）, the Exhibition of Pu Xinyu’s Works Created in Japan and “Life is an Art—Works and Documents of Xu Beihong’s Students”. The series exhibition titled “Shanghai Celebrations” sponsored by China Guardian commenced at Asian Art Museum of San Francisco on February 12th, 2010 and lasted for a year. Exhibits on display, reflecting the perfect integration of the east and the west, classic and modern, tradition and technology in Shanghai, were coming to the public as artworks focused on Shanghai for the first time.

China Guardian also organized the charitable auctions of “For Haiti” and “Charity Trip in China 2010”, which sold artworks donated by cotemporary artists.