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China Guardian 2017 Spring Auctions
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June 19 - 23, 2017
Total turnover: 2.939 billion yuan
Thirty-six auction sessions
Total sales value of six sessions exceeded 100 million yuan
Hammer price of three Chinese painting and calligraphy works was more than 100 million yuan each
Hammer price of nine Lots exceeded 50 million yuan each
Thirteen Lots broke records
Five sessions achieved 100 percent transaction rate
Total sales value for the session Grand View: Chinese Painting Highlights reached 1.666 billion yuan,
breaking the Asian auction record for total sales value for a single session.
Yellow Mountain by Huang Binhong sold for 345 million yuan,
topping the list of Chinese artworks sold during spring sales across the world in 2017.
Total sales value for items auctioned through online bidding reached 5.304 million yuan.
The number of bidders, deposits and turnover reached a new high.
Mr. Chen Dongsheng
Founder of China Guardian
China Guardian has always been professional, market-oriented, standardized and honest. Thus, what’s most important for our enterprise is to hold steadfast to its professionalism, market-orientation and the integrity of our marketing management. This year coincides with “China Guardian Year”, and our customers will feel at ease at our auction house, which makes us very proud. Trust is not built in a single day, it requires 20 years, even as much as 100 years. We should stick to our values. I think competition is acceptable and we are not afraid of it. Only through competition can we become the best. China Guardian has a 25 year-history, and we know the importance of talent, professional knowledge, confidence and services.
Ms. Hu Yanyan
CEO of China Guardian Auctions Co Ltd
China Guardian 2017 Spring Auctions concluded with great success. I extend my sincere thanks for the support and participation from our customers, as well as the painstaking efforts of our staff and cooperation from our service providers. Congratulations to President Li of Levdeo! The high price you paid for Yellow Mountain by Huang Binhong is praise for art. Congratulations to those collectors who got their beloved items. Your perfect experience at China Guardian auctions is the greatest reward for us. At the same time, we also want to say thanks for those participants who leave with some regrets. Friends gather at China Guardian at each auction season. If we failed to take care of each customer, please forgive us.
China Guardian’s 2017 Spring Auction was a great success and ranked first in Asia with an exciting total turnover of 2.939 billion yuan. We are still facing a changeable market and many unknown things. Yet we have confidence in our bright future.
Sales value of Chinese painting and calligraphy reached 2.138 billion yuan, the best result in five years.
· Grand View: Chinese Painting Highlight·Modern - 1.152 billion yuan
· Grand View: Chinese Painting Highlight·Classical - 514 million yuan
· Modern Chinese Painting and Calligraphy - 127 million yuan
· Chinese Painting and Calligraphy - Colorful Anthology: Focus on Private Collection - 109 million yuan
Three Chinese painting and calligraphy works fetched 100 million yuan each
· Yellow Mountain by Huang Binhong - 345 million yuan
· After Plough by Pan Tianshou - 159 million yuan
· Calligraphy by four emperors of Southern Song Dynasty - 149.5 million yuan
Hammer price for another six Lots reached 50 million yuan each
· Inspired by Mao Tse Tuns's Poem by Li Keran - 87.975 million yuan
· Inspired by Lv Qian's Poem by Fu Baoshi - 80.5 million yuan
· Twelve Sages by Wu Bin - 66.7 million yuan
· Royal Sutra by Emperor Qianlong - 63.25 million yuan
· Sakyamuni Alloy, Tibet, 11/12th Century - 58.65 million yuan
· Letters by Ming Masters - 51.75 million yuan
Total sales value of two sessions in the oil painting and gold and silverware section surpassed 100 million yuan
· 20th Century & Contemporary Chinese Art Evening Sale - 107 million yuan
· Gold and Silver Antiques - 106 million yuan
Five sessions achieved 100 percent transaction rate
· Chasing the Moonlight: Collection of Pu Ru's Painting and Calligraphy
· Painting Collection in Zhenshangzhai Studio
· Message of Longevity: Letter and Rubbing Collection by Chen Ziqing
· Hermes Handbags and Accessories
· Fine and Rare Kweichou Mou-tai Chiew
Thirteen lots broke sales records
· Yellow Mountain by Huang Binhong - 345 million yuan
· Poems and Lyrics of Shuangzhaolou by Wang Zhaoming - 9.43 million yuan
· Calligraphy in Running Script by Shen Zengzhi - 5.98 million yuan
· Landscape in Classic Style by Tang Dai - 34.5 million yuan
· Bizarrerie Fishes by Zhao Zhiqian - 25.3 million yuan
· Spring Silkworm by Luo Zhongli - 49.45 million yuan
· Continuous Sound by Chen Zhen - 3.335 million yuan
· Smoker by Yang Liguang - 782,000 yuan
· Still Life by Tang Yihe - 747,500 yuan
· A Qingtian stone seal carved by Zhao Zhiqian - 5.2325 million yuan
· Former collection of Kang Sheng, Dreams in the Red Chamber, Printed Edition in 1791 - 24.035 million yuan
· Qing Qianlong Period, The Royal Commemorative Gold Coin and Silver Pakaging from Summer Palace - 41.975 million yuan
· A group of stamps, VF-XF - 1.4375 million yuan
Chinese Painting and Calligraphy
After three days of fierce competition, the Chinese painting and calligraphy section raised a total of 2.138 billion yuan in sales.
At the Grand View: Chinese Painting Highlight session held o June 19, total sales reached 1.666 billion yuan in five hours. And three items were sold at a price of over 100 million yuan. The auction has become the only one that has the highest turnover of business in Asia.
The total sale of Modern Chinese Painting and Calligraphy session is 127 million yuan. The total sales volume of Colorful Anthology: Focus on Private Collection session surpassed 100 million yuan.
And another three sessions, Chasing the Moonlight: Collection of Pu Ru's Painting and Calligraphy, Painting Collection in Zhenshangzhai Studio and Message of Longevity: Letter and Rubbing Collection by Chen Ziqing all reached a high sales rate of 100% by lots. Many items were sold at a higher price than estimated.
Featured by richness, exquisiteness and accessibility, the session of Classical Chinese Painting and Calligraphy raised a total of 86.033 million yuan. The auction of Contemporary Chinese Painting saw an 88% turnover ratio, with a total sales volume of 36.102 million yuan.
Guo Tong
Person in Charge for the Chinese Painting and Calligraphy section:
The success of the Spring Auctions with a total turnover of 2.138 billion yuan gave us great joy and witnessed the reinvigoration of the Chinese painting and calligraphy market after a dismal period. Besides, China’s art market is also seeing a period of “change”, a transition from a long-run sellers’ market to a more demanding buyer’s market.
Contemporary Chinese painting and calligraphy
There were 104 items shown at the Grand View: Chinese Painting Highlight·Modern session. The total sales volume of the session reached 1.152 billion yuan, with a turnover ratio of 83%. Apart from Huang Binhong’s Yellow Mountain and Pan Tianshou’s After Plough, which sold for over 100 million yuan, masterpieces from Li Keran, Fu Baoshi, Zhang Daqian and Xu Beihong also were hammered at good prices. They showed the vitality of China’s art market and great works often have great potential to be sold at a worthy price.
706
Huang Binhong (1865-1955)
Yellow Mountain, hanging scroll
171×96 cm
Price realized: RMB 345 million
733
Pan Tianshou (1897-1971)
After Plough, hanging scroll
228×122 cm
Price realized: RMB 158.93 million
665
Li Keran (1907-1989)
Inspired by Mao Tse Tuns's Poem
134×82 cm
Price realized: RMB 87.975 million
744
Fu Baoshi (1904-1965)
Inspired by Lv Qian's Poem
185×60 cm
Price realized: RMB 80.5 million
673
Zhang Daqian (1899-1983)
Guanyin
Hanging scroll; ink and colour on paper
177.5×78.5 cm
Price realized: RMB 25.3 million
Dai Wei
General Manager of the Contemporary Chinese Painting and Calligraphy section
Auctions of Chinese modern and contemporary painting and calligraphy, including nine special sessions, lasted for three days at this season. Since the preview, we met many of our old customers and also got to know many new friends from almost all the provinces in China, as well as many from abroad. At auctions, they were very active on taking a bid on items, from which we saw the vitality of the Chinese art market.
From the beginning to the end, we were very surprised to find that each session was popular among customers and the bidding was also quite fierce. At last, the section of Chinese modern and contemporary painting and calligraphy achieved a high total transaction volume, exceeding 1.5 billion yuan. The hammer price of many items broke historic records. We are glad to see Chinese modern and contemporary painting and calligraphy are very much in demand in China’s art market.
We are honored to receive a warm market feedback after six months’ of great efforts. This autumn, we will move to the newly-built Guardian Art Center, and we expect to meet more collectors.
Ancient Chinese painting and calligraphy
During the Grand View: Chinese Painting Highlight·Classical session, ancient Chinese painting and calligraphy raised a total sales volume of 513.82 million yuan. Calligraphy works by the Four Emperors of the Southern Song Dynasty were sold for 149.5 million yuan. Ming Dynasty painter Wu Bin’s Twelve Sages, Royal Sutra by Emperor Qianlong and Letters by Ming Masters were of great importance. Many new bidders were more enthusiastic. Nine calligraphy works from He Shaoji were auctioned for the first time and hammered at a total price of 16.69 million yuan.
770
Four Emperors of the Southern Song Dynasty on calligraphy, hand scroll and ink on silk
Price realized: RMB 149.5 million
767
Wu Bin’s Twelve Sages on a hand scroll, featuring ink and color on paper.
Price realized: RMB 66.7 million
769
Emperor Qianlong
Royal Sutra
Album; ink on paper
29.5× 23 cm
Price realized: RMB 63.25 million
772
Letters by Ming Masters
Album; ink on paper
Price realized: RMB 51.75 million
783
Tang Dai (1673-1752)
Landscape in Classic Style
Handscroll; ink and colour on silk
Price realized: RMB 34.5 million
Luan Jingli
General Manager of the Ancient Chinese Painting and Calligraphy section
The result for the Chinese classical painting and calligraphy section was as expected. It was more stable than the market for contemporary works. On the one hand, the number of customers in this section was relatively small. The customers’ participation also was not as high as the section for Chinese modern and contemporary painting and calligraphy. On the other hand, new buyers of Chinese classical painting and calligraphy were fewer. The old collectors were prudent in selling and the items were given a relatively high reserve price, which made the selling a bit difficult.
The popular items in this section were often those with a lower estimated price. Even those good works were in the hope of giving a lower valuation to offer a large bidding space and to boost collectors’ participation and enthusiasm. Besides, the supply of Chinese classical painting and calligraphy works was scarce. Once the collectors bought their favored items, they will be cherished as treasures and seldom taken out to the market again. In this auction season, dozens of items shown at the Grand View: Chinese Painting Highlight?Classical were auctioned for the first time and had never appeared on the art market before, which gained the attention of our customers.
In addition, collectors nowadays not only have abundant funds, but also good research capacity. One customer even shared his research with us and gave a bid at a high price.
20th Century and Contemporary Chinese Art
The section of 20th Century and Contemporary Chinese Art showed many masterpieces from great painters, raising a total sales volume of 135 million yuan.
The session, 20th Century and Contemporary Chinese Art Evening Sale, saw a turnover ratio of 84% and a total sales volume of 107 million yuan. Luo Zhongli’s Spring Silkworm was sold at 49.45 million yuan (including commission), setting a new auction record for the painter.
There were 135 works up for auction in this section. Chen Zhen’s installation art Continuous Sound was sold for 3.335 million yuan, setting a new auction record for the artist. Four works from Wuchang Art Specialized Institute were sold out. Works from two artists, Yang Liguang and Tang Yihe, were all hammered at the highest prices in their auction record.
159
Luo Zhongli’s artwork (b.1948), Spring Silkworm, is oil on canvas
216×140cm
Price realized: RMB 49.45 million
162
Chen Yifei (1946-2005)
Bamboo Flute Performance
Oil on canvas
107×76.5cm
Price realized: RMB 7.015 million
150
Wu Dayu’s artwork (1903-1988), Rhythm, oil on canvas
53.5×39cm
Price realized: RMB 6.67 million
52
Chen Zhen (1955-2000)
Continuous Sound
Iron, wood, leather, rope, installation
160×150×100 cm
Price realized: RMB 3.335 million
Li Yanfeng
General Manager of the 20th Century and Contemporary Chinese Art section:
The successful auction of Spring Silkworm proved that academic pieces with an historical art value are a big boost in the art market. It’s a typical example of China Guardian’s strategy of academics leading the market. And it also means that collectors are keeping up on study and research, with some even taking a lead in front of us. This is a good signal and an encouragement for our future auction consignment.
In general, I’m very satisfied with the turnover rates at the evening auctions. The fierce competition on some items was an encouragement to our work. The daytime auctions also had a good performance, which means we did a good job in selecting items during the consignment. In the future, we will keep working hard.
Porcelain
The porcelain session of the 2017 Spring Auctions presented porcelain, Yixign Zisha pottery, Buddha, Kweichou Mou-tai Chiew and fine wines, fetching a total of 250 million yuan.
Splendor of Imperial Art session reached a sales volume of 59.708 million yuan, reflecting collectors' interest in royal craftsmanship. Ming and Qing Ceramics, Jades and Works of Art session earned a total sales volume of 14.06 million yuan. A bronze-imitation glazed famille rose archaistic zun, with a Qianlong seal mark from the period was sold for 19.55 million yuan.
2834
A bronze-imitation glazed famille rose archaistic zun, with a Qianlong seal mark from the period 1736-1795
W: 18.2 cm H: 11 cm
Price realized: RMB 19.55 million
2822
A fine and rare flambe-glazed hu-form vase
Yongzheng seal mark and of the period (1723-1735)
H: 35 cm
Price realized: RMB 10.35 million
The Highlights of Buddhist Art – zhantan Lin session gathered 86 pieces of items from Mongolia, Tibet, India and Nepal. It reached an 87.2 percent transaction rate with 92.23 million yuan worth of sales.
Sakyamuni, the only existing large Buddha figure of Sakyamuni from the Gurge Kingdom, hit a record sales price of 58.65 million yuan.
3352
SAKYAMUNI
ALLOY
TIBET, 11/12th CENTURY
92 cm high
Price realized: RMB 58.65 million
3351
Saraha – partly gilt and inlaid with gold, silver and semi-jewellery - is from 17th century Tibet, and stands 20.5 cm high and has a width of 16.5 cm.
Price realized: RMB 7.245 million
400 Years of Yixing Zisha Pottery session had a total sales volume of 11.788 million yuan. A purple clay teapot by Gu Jingzhou, which attracted a lot of attention from collectors, was sold for 4.6 million yuan.
3523
A purple clay teapot by Gu Jingzhou
Republic of China, 20th century
13.3 cm wide
Price realized: RMB 4.6 million
Modern and Contemporary Porcelain also reached an outstanding total sales of 20.67 million yuan and a transaction rate of 83 percent. Famille-Rose Porcelain Plate by Professor Guo Wenlian from Jingdezhen Ceramic Institute, was sold for 11.27 million yuan.
Master's Collection: Contemporary Jade Carvings contained quality items with attractive prices. A wire inlay enamel box with white jade plaques sold for 1.725 million yuan.
3668
Guo Wenlian (b.1942-)
Famille-Rose Porcelain Plate
113cm×57cm×6cm
Price realized: RMB 11.27 million
The white glove auction of Fine and Rare Kweichou Mou-tai Chiew session reached a total sales volume of 35.02 million yuan, which forecast the booming action market of Maotai.
4171
Moutai liquor, made in 1986, 53 percent alcohol
540 ml, 17 bottles
Price realized: RMB 1.173 million
3878
Chateau Lafite Rothschild - Vintage 1982
750ml, 12 bottles
Price realized: RMB 517,500
Yu Daming
general manager of the Ceramics Department:
This year's porcelain session fetched 250 million yuan. It showed the market was still in a consolidation phase and buyers took a prudent attitude in bidding. But we also had several dynamic sectors, such as the Buddha figures. Sakyamuni was sold for 58.65 million yuan.
In terms of porcelain and jade ware, collectors preferred items with good cost performance or extraordinary qualities. So did Zisha pottery. What’s worthy of mentioning was that both Mou-tai Chiew and fine wines had impressive transaction rates and total sales volumes.
Furniture and works of art
The five sessions of furniture and works of art reinvented the taste of Chinese literati. It fetched a total of 179 million yuan. Each item has reached the auction expectation.
Graceful Companions – Fine Classic Furniture of Ming and Qing Dynasties session possessed a variety of new lots. The collections of Mr and Mrs Gustav Ecke proved to be very popular, with hammer prices much higher than starting bids.
This session generated a total sales volume of 82.11 million yuan. A Huanghuali coat rack featuring dragon patterns from the Emperor Qianlong period of the Qing Dynasty fetched the highest bid of 39.10 million yuan.
5123
A Huanghuali coat rack, featuring dragon patterns, from the Emperor Qianlong period of the Qing Dynasty.
219.5×60×193.5 cm
Price realized: RMB 39.1 million
5150
A pair of Zitan palace lamps
Qianlong Period
39.5 cm×39.5 cm×118 cm
Price realized: RMB 6.9 million
The market for guqin collections is gradually warming. The Lore of the Lute: Important Collections from the Classy Society session gathered five ancient guqins from Chinese Tang, Song, Yuan, Ming, Qing dynasties and fetched 34.05 million yuan.
The highest bid went to Jin Sheng Zhongni style lacquered Chinese lute of the Tang Dynasty at 18.4 million yuan.
4903
Jin Sheng Zhongni style lacquered Chinese lute
Price realized: RMB 18.4 million
4902
Zhongni style lacquered Chinese lute
Song Dynasty
Price realized: RMB 7.935 million
Qingning - Modern and Contemporary Seal Art session had a transaction rate of 87 percent and a total sales volume of 50.767 million yuan.
A qingtian stone seal carved by Zhao Zhiqian set a record high of 5.2325 million yuan.
4361
A qingtian stone seal carved by Zhao Zhiqian
4.8×4.8×5.4cm
Price realized: RMB 5.2325 million
Scholar’s Life: the Silent Beauty session included nearly 100 rare items with a 92 percent transaction rate. Its total sales volumes reached 7.329 million yuan.
5057
Agate ornament
various sizes
Price realized: RMB 1.2075 million
Memories of the Past: Scholar’s Studio Objects session gathered furnishings, engraved vessels and items from the royal palace. The hammer prices of many lots were several times higher than the estimated prices.
4833
Square incense burner with Shi An mark
Ming Dynasty
13.5 cm x 6.9 cm
1427g
Price realized: RMB 1.0925 million
Qiao Hao
General manager of the Furniture and Art Department:
The auction of furniture and works of art turned out to be as good as we expected. Every section had its highlight. For instance, Scholar’s Life: the Silent Beauty session featured a unique selection of items echoing modern taste. We expanded the seal cutting collection and this year the result was rather satisfactory. There were quite a few rare lots fetching exciting prices at the auction. The market response was in line with our prediction.
Ancient books
The session of ancient books respected both buyers' interests and academic opinions. All three auctions achieved great success.
Rare Books and Rubbing Books session reached a transaction rate of 80 percent and a total sales volume of 48.438 million yuan. The former collection of Kang Sheng, Dream of the Red Chamber, which was released in 1791, fetched 24.035 million yuan, far beyond its estimate.
As collectors appreciate rare books more and more, lots which bear academic and historical significance will become more valuable.
2147
The former collection of Kang Sheng, Dream of the Red Chamber, which was released in 1791.
16.5×11.5 cm
Price realized: RMB 24.035 million
2193
Rubbing Book in Song Dynasty
Former Collection of Guo Yun Lou
25.6×12.7 cm
Price realized: RMB 4.715 million
Letters and Manuscripts session featured a range of items from famous collectors. The heated competitive bidding showcased people's enthusiasm towards humanism and culture. This session has a 91 percent transaction rate and a total sales volume of 19.14 million yuan.
2435
Wang Guowei
Seven character poem in regular script
Manuscript in 1920s
80 × 40.5 cm
Price realized: RMB 1.012 million
Important Reference Relating to Chinese Art session made its debut and gained a 88 percent transaction rate with 1.817 million in sales volume.
2702
Sotheby and Christe’s catalogs of Chinese paintings and calligraphies
Printed in 1970-2016
Price realized: RMB 253,000
Song Hao
Senior business manager of the Rare Books Department:
The transaction rate of all three rare books sessions was high. We had anticipated that, but there were still a lot of surprises. We had big hopes for the former collection of the Kang Sheng Dream of the Red Chamber, and the result turned out to be even better. It shows the appreciation level of collectors is rising. The transaction rate of Letters and Manuscripts session was as high as usual, which shows customer’s love for academic atmosphere and literary works. We always stick to the academic rules in terms of lot selection. It is our principle to show more humanistic spirit through our items.
Stamps and coins
The six sessions including autographs, Hermes handbags and accessories, gold and silver wares, stamps, banknotes and coins all had remarkable outcomes. The total sales volume reached 160 million yuan.
Gold and Silver Antiques session reached a total sales volume of 106 million yuan. The Royal Commemorative Gold Coin snd Silver Packaging from Summer Palace broke the auction record for ancient coins and fetched 41.975 million yuan.
6033
Qing Qianlong Period
The Royal Commemorative Gold Coin and Silver Packaging from Summer Palace
Price realized: RMB 41.975 million
The white glove auction for Hermes Handbags and Accessories reached a total sales volume of 18.33 million yuan.
5551
A silver Hermes bag made of crocodile skin.
32 × 23 × 11 cm
Price realized: RMB 609,500
Manuscripts and Autographs session gathered together hundreds of manuscripts and photos. It had a transaction rate of 82 percent and a total sales volume of 9.3311 million yuan.
The manuscript by Mozart was sold for 1.495 million yuan.
5758
Wolfgang Amadeus Mozart
Autographed Music Manuscript
16.2 x 21.7cm
Price realized: RMB 1.495 million
The Collection of Li Weixian, Ancient Coins and Sycee session has an impressive transaction rate of 88 percent and total sales volume of 21.355 million yuan.
6601
A Group of stamps, VF-XF
Price realized: RMB 1.4375 million
Guo Xueguang
General manager of the Stamps and Coins Department:
In this auction season, the Royal Commemorative Gold Coin and Silver Packaging from Summer Palace made its debut. Its price was inestimable. We’ve made huge efforts to advertise the items and tried to help collectors understand it. The platform of China Guardian has attracted a lot of excellent collectors. Because of this, good items often can create good prices.
Manuscripts and autographs, as well as stamps and coins, all achieved results as expected. This time, the Hermes Handbags and Accessories session proved to be a very successful experiment, which gave us more confidence and determination to march towards the future.
The 2017 China Guardian is the finale of this year's auction market. Guardian has invested a lot of time and energy to prepare this exciting auction for our clients. The whole market is deeply amazed by the passion and appreciation of buyers for the works of art. China Guardian will uphold the respect for art, improve our service and create a brighter future for collectors and art lovers.
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