Three lots exceeding 100 million yuan were created in the capital city last night, which has effectively boosted confidence in the art and antique auction market.
Three lots exceeding 100 million yuan were created in the capital city last night, which has effectively boosted confidence in the art and antique auction market.
In the midst of the cold winter, the art and antique auction market is abuzz with heated bidding. On the evening of November 30th, China Guardian's 2023 Autumn Auction produced three lots exceeding 100 million yuan, and ten lots exceeding ten million yuan. Industry insiders believe that the return and successful sale of these significant pieces during the recovery of the art and antique auction market has significantly boosted market confidence.
The "Grand View Night" has always been considered a barometer of the Chinese art and antique auction market. On the evening of November 30th, China Guardian's 2023 Autumn Auction's "Grand View Night" and the "Di Yan—Important Private Collection from North America: Wang Meng's "Di Yan Tu" (Washing Inkstones)" special session were held successively. Three lots exceeding 100 million yuan became the focus—Wang Meng's Yuan Dynasty painting "Di Yan Tu" sold for 287.5 million yuan; Qi Baishi's "Zhichǐ Tiānyá—Xīn Wèi Shānshuǐ Cè" (twelve pages) sold for 144.9 million yuan; and Zhang Daqian's meticulous ink-and-color painting of a lady, "Hongfu Nu," sold for 115 million yuan. The auction saw a rare occurrence of multiple lots exceeding 100 million yuan being sold in a single session.
"Di Yan Tu" is a landscape painting in ink by Wang Meng, one of the "Four Masters of Yuan Dynasty." Within a small frame of 65 cm in height and 34.75 cm in width, it depicts a vast and detailed landscape. That evening, "Di Yan Tu" started bidding at 180 million yuan. Several buyers took turns bidding, and when the price reached 210 million yuan, a new buyer entered the bidding, pushing the price up to 250 million yuan. When the auctioneer announced, "250 million, final call!" and the gavel fell, the entire hall erupted in applause. This important piece from a private collection ultimately led the auction season with a final price of 287.5 million yuan.
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