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52nd China Guardian Quarterly Auctions raise RMB 108 million

2018-09-29

The 52nd China Guardian Quarterly Auctions dropped the last hammer at the Guardian Art Center on the afternoon of Sept 21, with a total turnover of 108 million yuan and an average turnover rate of 74 percent. It not only presents a great gift for the 25th anniversary of the founding of China Guardian, but also gives a satisfactory answer to all the friends who care about and support the development of China Guardian. It also releases a positive signal for the upcoming Autumn Auctions.

52nd China Guardian Quarterly Auctions raise RMB 108 million

Chinese Paintings and Calligraphy

52nd China Guardian Quarterly Auctions raise RMB 108 million

Xiao Yang, General Manager of Quarterly Auctions-Chinese Paintings and Calligraphy Department

The 52nd China Guardian Quarterly Auctions concluded in a tense and warm atmosphere. First of all, thank you for the support from collectors, experts and friends from all walks of life. Although their starting prices were relatively low, Huang Zhou’s Girl and Camel, Zhu Da’s Mountain Scenery, and Wang Yuanqi’s Landscape were sold at reasonable prices, showing the confidence and trust of customers in China Guardian Quarterly Auctions. In the 52nd Quarterly Auctions, we are actively responding to the adjustment of the contemporary, modern and ancient painting and calligraphy sections under the artistic market environment. There were joys and sorrows; at the same time, we also found a lot of new market growth points, and will focus on more adjustments in the next round of the consignment. Autumn is harvest season. With friendship and trust, we will continue to move forward in the market's development.

The total turnover of Chinese Paintings and Calligraphy is nearly 50 million yuan.

More than 1,800 paintings and pieces of calligraphy were selected from the Chinese painting and calligraphy session of this auction. Many excellent works of modern and contemporary paintings, ancient paintings and calligraphy also were presented. Among them were fine works by Qi Baishi, Wu Changshuo, Zhang Daqian, Pu Ru, Li Keran, Wang Xuetao and Chen Shaomei, and representative works of different schools and themes, such as Li Xiongcai, Chen Zhidong, Gong Wenzhen, Li Geng, Li Jin and Chen Yuyuan. There also were distinctive ancient paintings and calligraphy with various themes, reflecting the China Guardian Quarterly Auctions’ style of paying attention to academic guidance and highlighting characteristics of the works. Buyers also showed great enthusiasm. The auction was lively and warm. The total turnover of Chinese Paintings and Calligraphy was 49.356 million yuan.

In the four specially prepared sections of Chinese Paintings and Calligraphy, the turnover rate of the two sections, Modern Chinese Paintings and Calligraphy and Master Pieces by Modern Chinese Paintings and Calligraphy Artists, was gratifying, reaching about 80 percent. There also were some highlights in Modern and Contemporary Ink Chinese Paintings and Calligraphy and Classical Chinese Paintings and Calligraphy. Some of the items even exceeded the estimated value more than 100 times, reflecting the precise and original vision of the collectors, and also contributing a new growth point to the market.

52nd China Guardian Quarterly Auctions raise RMB 108 million

Lot 322

Qi Baishi

Mynha Birds and pine

152×35 cm

Price Realized：RMB 2,300,000

52nd China Guardian Quarterly Auctions raise RMB 108 million

Lot 1567

Wang Yuanqi

Landscape

106×49 cm

Price Realized: RMB 1,782,500

52nd China Guardian Quarterly Auctions raise RMB 108 million

Lot 88

Huang Zhou

Girl and Camel

90×52 cm?

Price Realized: RMB 690,000

52nd China Guardian Quarterly Auctions raise RMB 108 million

Lot 535

Xu Beihong

Magpie and Blossoming Plum

84×25 cm?

Price Realized: RMB 632,500

52nd China Guardian Quarterly Auctions raise RMB 108 million

Lot 781

Shi Qi

Character and Scenery

139×70 cm

Price Realized: RMB 230,000

Porcelain, Jade and Works of Art

52nd China Guardian Quarterly Auctions raise RMB 108 million

Liu Yang, General Manager of Quarterly Auctions-Porcelain and Works of Art Department

This time, the total turnover of the Porcelain, Jade and Works of Art session reached nearly 50 million yuan, which was higher than that of the same period last year. I think the market is still changing, mainly because people's preferences have changed. Apart from traditional items, people are obviously more interested in small pieces that can be held in their hands. At the same time, the collectors are not confined to the category of items, and do not care about its original price. They pay more attention to the playful, enjoyable quality of the goods. In this auction, the price of some traditional items was lower than before, but they should still be the mainstream of the market, and should not be ignored in the future.

Porcelain, Jade and Works of Art reached a turnover rate of 86.24 percent.

There were more than 2,000 pieces of items at the auction. All the exquisite works, including those from the official kilns of the Ming and Qing dynasties, folk kilns, monochrome glaze sketches, inkstone and brushes, bamboo and wood carvings, bronze ware, cloisonné enamel, and bronze and gold statues of Buddha can be collected, displayed, and enjoyed. And many of the items were at a very low price, so that the collectors competed fiercely. The total turnover of Porcelain, Jade and Works of Art session reached 48.2552 million yuan, with the turnover rate as high as 86.24 percent. It released a strong signal that the market is optimistic.

Each of the well-planned four sections - Porcelain Collections of Guardian's Companions, Treasure & Pleasure in the Palm, Charm of the Important Porcelains, and Porcelain, Jade and Works of Art – had highlights, all of which maintained an amazing high turnover rate and from time to time emerged with an unexpected high transaction price. Some items with an estimated price of thousands of yuan were sold for hundreds of thousands or even millions of yuan, which not only made people see new collection hotspots, but also greatly increased the confidence of the vast number of collectors in the market.

52nd China Guardian Quarterly Auctions raise RMB 108 million

Lot 3795

Early Qing Dynasty

Red sandalwood box with character

L 14.8 cm

Price Realized: RMB 2,300,000

52nd China Guardian Quarterly Auctions raise RMB 108 million

Lot 3043

Kangxi period of Qing Dynasty

Bell shaped bottle with glazed red pattern

H 12.3 cm

Price Realized: RMB 1,380,000

52nd China Guardian Quarterly Auctions raise RMB 108 million

Lot 3088

Qianlong period of Qing Dynasty

Hanging screen with porcelain plate embedded in it

90×47 cm, porcelain plate 39×29.7 cm

Price Realized: RMB 368,000

52nd China Guardian Quarterly Auctions raise RMB 108 million

Lot 3524

Qing Dynasty

A pair of wood carving screens

H 222.5 cm

Price Realized: RMB 575,000

Hu Huichun’s collection

Price Realized: RMB 824,550

Rare Books, Rubbings and Manuscripts

Song Hao, Senior Manager of Rare Books Rubbings and Manuscripts Department

After six hours of bidding, the final turnover of the Rare Books, Rubbings and Manuscripts session of the 52nd China Guardian Quarterly Auctions was 5.53 million yuan, with a turnover rate of 69 percent. As a traditional collection category, the collector in the session was quite stable, the whole auction atmosphere was warm, and the transaction rate was good. After 20 rounds of bidding, Great Compassion of Avalokiteshvara (copy) from the Qianlong period of the Qing Dynasty was eventually sold at 943,000 yuan. And the red inked books from the Wanli period of the Ming Dynasty was sold at 310,500 yuan.

The bidding was fierce and many items were sold at higher prices than expected.

The Rare Books, Rubbings and Manuscripts session prepared more than 600 items, covering the rare books of the Ming and Qing dynasties, rubbings, letters and manuscripts and other categories, and set up special sections like collections of famous collectors and New Year pictures, manifesting academic and artistic values with various highlights. Among them, there were exquisite ancient books, such as the red inked books from the Wanli period of the Ming Dynasty, and Great Compassion of Avalokiteshvara (copy) written by Emperor Qianlong of the Qing Dynasty, as well as letters by celebrities, rubbings on ancient tablets and vivid New Year pictures. Various categories met the preferences of different collectors. The venue was filled with a warm atmosphere and buyers bought their favorite items.

Finally, Great Compassion of Avalokiteshvara (copy) from the Qianlong period of the Qing Dynasty was eventually sold at 943,000 yuan, several times more than the estimated price, wining the top level for a price at the session. The red inked books from the Wanli period of the Ming Dynasty were sold at 310,500 yuan, also higher than expected. 16 Jin Fu lent to print from the Guangxu period of the Qing Dynasty was sold at 287,500 yuan.

Lot 2195

Great Compassion of Avalokiteshvara(copy)

23.8×11 cm

Price Realized: RMB 943,000

Lot 2124

Red inked books

24×14.5 cm

Price Realized: RMB 310,500

Lot 2144

16 Jin Fu lent to print

17×11 cm

Price Realized: RMB 287,500

E-BIDDING

The first E-BIDDING turnover rate was almost 100 percent.

E-BIDDING, the first online auction, was launched at the 52nd China Guardian Quarterly Auctions. The brand-new auction experience and carefully selected items attracted many collectors. The total turnover rate reached 98 percent and the total turnover was 5.098 million yuan.

China Guardian adapts to the requirements of the development of the Internet Age, and meets the public demand for art consumption through new auction formation. New attempts and explorations return artworks from investment value to practical value. This form has received a warm response from the market and the public, and there is vast space for its future development.