Recently Lydia Thompson, a principal of Thompson & Martinez Fine Art Appraisals, and expert on Chinese art taught a webinar The Chinese Art Market: Challenges and Opportunities on behalf of the American Society of Appraisers. Drawing on more than 25 years in the Chinese art field, Dr. Thompson provided historical context for the tremendous growth of the market in the past 20 years, the pitfalls of appraising Chinese art as well as the opportunities. To learn more about the topics addressed, please visit: Q&A with Dr. Lydia Thompson
Category Archives: China art auctions
Chinese monumental handscroll, ink and color on silk, 18th/19th century SOLD
Length: overall 158 inches, scroll 146 3/4 inches
Height: overall 19 5/8 inches, scroll 12 1/4 inches
Chinese monumental ink and color on silk hand scroll, 18th-19th century, Village Life, available through iGavel Auctions
Length: overall 158 inches, scroll 146 3/4 inches
Height: overall 19 5/8 inches, scroll 12 1/4 inches
Chinese Hand Scroll Bid Here Now
Now Through April 16
Records set at Beijing Poly
Much as I would have liked to post more during my stay in Beijing and Shanghai, the Great Firewall of China prevented me from doing so (except when I was staying at my friend’s place in Beijing which has VPN). Not only does the Great Firewall reject logging in to Facebook and Twitter but it also prevented me from accessing my own blog. I guess “blog” is a dirty word in China.
Not surprisingly, the auctions at Beijing Poly International went off great with many records set in various categories including traditional and contemporary Chinese painting. Setting the record for the most ever paid for a painting by a contemporary artist, a large horizontal abstract painting “Lion Woods” by master ink painter Wu Guanzhong who died a year ago (1919-2010) sold for 115 million RMB or more than US$17 million. Altogether twenty-five works by the artist were sold at Poly for over 500 million RMB or more that US$77 million.
Even more eye-popping was a landscape painting by the iconic 14th century master Wang Meng which sold for 402.5 million RMB or around US$62 million, the third highest price ever paid for a Chinese work at auction. This came on the heels of the China Guardian sale of a hanging scroll awkwardly entitled “Eagle Standing on a Pine Tree with Couplet” by the great ink painter Qi Baishi which sold for more than US$65 million. Born in 1864 in central China’s Hunan Province, Qi Baishi is especially revered for his depiction of small things, such as birds, fish, fruit and vegetables. He was also known as an outstanding calligrapher. Figures from the art market data organization Art Price show that Qi’s works raked in more than 70 million U.S. dollars in sales worldwide in 2009, only behind the works of Pablo Picasso and Andy Warhol.