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Press Release (Hong Kong) 4th Oct, 2016
14 Poly Auction Hong Kong 2016 Autumn Sales Total Almost HK$1.115 billion
Wu Guanzhong’s A Lotus Pond Sold for HK$106.2 million while Cui Ruzhuo’s Lotus in the Autumn Wind Fetches HK$141.6 million
World’s Largest Set of 2 IIA Type Brilliant-cut White Diamonds with D Color and Flawless Clarity for Auction Nets HK$82.6 million
（Hong Kong, 4th Oct 2016）–Poly Auction (Hong Kong) Limited (Poly Aution Hong Kong) concluded its round
of autumn auctions with a total of HK$1.115 billion. 14 sales were organized for the seasonal event, namely “Chinese and Asian Modern and Contemporary Art”, “Glossiness of Uncarved Jade – Special Auction of Cui Ruzhuo [VII]”, “Fine Modern Chinese Paintings and Calligraphy”, “Memories of the Past – Important Collection from Mr. Wang Boqun and the Republic Period”, “A Selection of Chen Wen Hsi‟s Paintings and Modern and Contemporary Ink Art”, “Classical Chinese Paintings and Calligraphy”, “Important Jewels”, “An Important Sale of Imperial Works of Art”, “Chinese Ceramics and Works of Art”, “Treasures of Buddhist Art from the Collection of Yuyi”, “In Pursuit of the Past – A Selection of Archaic Jades, Bronzes and Ceramics”, “Important Watches”, “Noble Handbags and Accessories” and “Prestige Collections”.
Director of Poly Auction Hong Kong Zhao Xu said, “The 14 thematic sales for autumn have concluded with flying colors. Through our Hong Kong operations, we have learned to focus on excellent services and the Asian market‟s interest in arts. On the turnover front, Chinese and Asian Modern and Contemporary Art, Contemporary Ink Wash and Jewels are three major categories in our Hong Kong operations. In the autumn sales, three masterworks fetched over HK$100 million, namely Wu Guanzhong‟s „A Lotus Pond‟, Cui Ruzhuo‟s „Lotus in the Autumn Wind‟, and a set
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of two IIA Type brilliant-cut white diamonds with D Color and Flawless Clarity. „A Lotus Pond‟ by Wu Guanzhong was sold for HK$106.2 million, while Cui Ruzhuo‟s masterpiece „Lotus in the Autumn Wind‟ yielded HK$141.6 million – a telltale sign of Asian connoisseurs‟ interest in prominent Chinese artists. Meanwhile, the Jewels and Prestige Collections sale auctioned out a set of two IIA Type brilliant-cut white diamonds, the largest D-color set with flawless clarity, polish and symmetry to go under the hammer, for HK$82.6 million, alongside other exquisite gems totaling over HK$20 million. The remarkable seasonal performance further consolidates the presence of our Jewels and Prestige Collections in Hong Kong and the rest of the region. Thanks to the ardent effort of our Hong Kong team, 80% of our clients come from Hong Kong and Asia, a remarkable achievement when you consider that it was only four years back in our inaugural stage in Hong Kong that our clientele was composed of 80% mainland Chinese. Next year sees the 5th anniversary of Poly Aution Hong Kong, I look forward to the Spring Sales in the coming year.”
“Following last season‟s sale of Wu Guanzhong‟s „The Zhou Village‟, which set a historic high for Asian contemporary arts, we have once again made headlines with a rich and exquisite array of lots offered by seven departments under Poly Auction Hong Kong. Contributing to the rosy results of the seasonal sales are Wu Guanzhong‟s „A Lotus Pond‟ and Sanyu‟s „Pink Nude on Floral Sheet‟, a sign that Chinese arts will continue to fare well in auctions,” said Alex Chang, Managing Director at Poly Auction Hong Kong.
Top Auction Lots
Chinese and Asian Modern and Contemporary Art
The Chinese and Asian Modern and Contemporary Art sale continues to build on its successful streak, with the sales
of 133 articles totaling more than HK$200 million, among which six were sold for over HK$10 million. „A Lotus
Pond‟, created by Wu Guanzhong in 1997, was sold to the Powerlong Museum in Shanghai for HK$106.2 million.
„Pink Nude on Floral Sheet‟, a work by Sanyu in the Collection of Robert Frank, yielded HK$59 million as the
hammer fell. Also performing well in the auctions were Wu Guanzhong‟s „Early Spring‟, „Autumn onto the Wall‟, „A
Fisherman‟s Yard‟, and „Pumpkins‟, with results far exceeding the pre-sale estimates. Particularly noticeable was
„Autumn onto the Wall‟ which fetched three times more than its preliminary estimate after intense bidding. Fan
Tchunpi‟s „A Flute Player‟ and Li Chen‟s „Golden Rain‟ also set new auction records for the respective artists.
Jamie Yu, Senior Specialist of the Chinese and Asian Modern and Contemporary Art Department said, “The works of
modern Chinese maestros are particularly well-received, with top lots including masterpiece series by Sanyu and Wu
Guanzhong. This confirms the robust development of the art market and the leading position of Poly Auction Hong
Kong. The steady performance of contemporary arts is more than attractive to collectors in the region. Young and
middle-aged artists also benefit from this trend.”
Images Lots Items Estimated price Sold price
Lot 139
Wu Guanzhong ‘A Lotus Pond’
Estimate upon Request
HK$ 106,200,000
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Lot 133 Sanyu ‘Pink Nude on Floral Sheet’
Estimate upon Request
HK$ 59,000,000
Lot 137 Wu Guanzhong ‘Early Spring’
HK$ 10,000,000-
15,000,000
HK$ 21,830,000
Lot 135 Wu Guanzhong ‘Autumn onto the Wall’
HK$ 5,500,000 - 7,500,000
HK$ 21,240,000
Lot 136 Wu Guanzhong ‘A Fisherman's Yard’
HK$ 8,000,000 -
12,000,000
HK$ 14,160,000
Lot 138 Wu Guanzhong ‘Pumpkins’
HK$ 4,000,000 - 6,000,000 HK$ 10,620,000
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Lot 141 Fan Tchunpi ‘A Flute Player’
HK$ 6,800,000-8,800,000 HK$ 9,440,000
Lot 165 Li Chen ‘Golden Rain’
HK$ 1,250,000 - 2,500,000 HK$ 4,248,000
Four sales were held by the Chinese Ceramics and Works of Art Department. In addition to the initial Chinese
Ceramics and Works of Art, three sales namely “Treasures of Buddhist Art from the Collection of Yuyi”, “In Pursuit
of the Past – A Selection of Archaic Jades, Bronzes and Ceramics” and “An Important Sale of Imperial Works of Art”
were organized, with staggering totals of HK$105 million.
“The Treasures of Buddhist Art from the Collection of Yuyi” presented a selective collection of gilt-bronze statues which attests the artistic value of the imperial artifacts in Ming and Qing dynasties. One of the highlights was the gilt-bronze Vajrasattva from the 13th century Nepal, sold for HK$21.12 million to be ranked first in the top lots at the sale. The bronze ritual gong from the late Shang dynasty, which appears on the cover of the In Pursuit of the Past – A Selection of Archaic Jades, Bronzes and Ceramics catalog, also brought an astounding HK$13.57 million. Rounds of fierce bidding also sent the price up for the archaic bronze ding from the Shang dynasty and the fine huanghuali table from the Ming dynasty, achieving sale prices several times higher than the original estimates.
“The sale of Ming and Qing ceramics continues to be strong. We will steadily increase the size of this category while maintain the overall quality of our sales. The Treasures of Buddhist Art from the Collection of Yuyi sale, well-received as it was in the category of fine statues, attests to the sturdy growth of the Buddhist art market,” said Chinese Ceramics and Works of Art Specialist Du Jibo.
Chinese Ceramics and Works of Art Specialist Mu Wenbo said, “High-quality works remain the hotspot in this market,
with rare and exquisite lots from all categories being the focus of attention for all collectors. We are satisfied with the
auction results.”
Chinese Ceramics and Works of Art
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(1) Treasures of Buddhist Art from the Collection of Yuyi
Images Lots Items Estimated price Sold price
Lot 3220 13TH CENTURY A FINE AND MAGNIFICENT GILT BRONZE FIGURE OF VAJRASATTVA, NEPAL
HK$ 12,000,000 –
18,000,000
HK$ 21,122,000
Lot 3228 MID MING DYNASTY, 15TH-16TH CENTURY A GILT BRONZE FIGURE OF BHAISAJYAGURU
HK$ 2,500,000 - 3,500,000
HK$ 3,304,000
Lot 3210 KANGXI PERIOD, 1662-1722 A BRONZE FIGURE OF SADAKSHARI LOKESVARA
HK$ 2,500,000 - 3,500,000 HK$ 3,304,000
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(2) In Pursuit of the Past – A Selection of Archaic Jades, Bronzes and Ceramics
Images Lots Items Estimated price Sold price
Lot 3310
LATE SHANG DYNASTY, 13RD-11TH CENTURY B.C. AN BRONZE RITUAL VESSEL, GONG
HK$ 12,000,000 -
18,000,000
HK$ 13,570,000
Lot 3313 LATE SHANG DYNASTY, 13RD-11TH CENTURY B.C. AN BRONZE RITUAL VESSEL, DING
HK$ 6,000,000 – 8,000,000
HK$ 7,080,000
Lot 3308 SHANG DYNASTY, 1600-1046 B.C AN ARCHAIC BRONZE VESSEL, DING
HK$ 800,000 - 1,000,000 HK$ 2,714,000
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(3) An Important Sale of Imperial Works of Art
Images Lots Items Estimated price Sold price
Lot 3031
LOT 3031 A COURT PORTRAIT OF THE IMPERIAL PRINCE OF HONG YAN (1733-1765), SIXTH SON OF THE EMPEROR YONGZHENG, HALF-BROTHER OF THE EMPEROR QIANLONG, RAISED TO RANK OF IMPERIAL PRINCE GUO IN 1738 School of Guiseppe Castiglione, Color on Silk
HK$1,500,000-2,000,000 HK$ 4,248,000
Lot 3013 YONGZHENG PERIOD, 1723-1735 A BLUE-GLAZED VASE WITH WRAPPED BUNDLE DECORATION
HK$ 1,800,000-2,500,000 HK$ 2,950,000
(4) Chinese Ceramics and Works of Art
Images Lots Items Estimated price Sold price
Lot 3065
YUAN DYNASTY, 13RD - 14TH CENTURY A RARE BLUE-AND-WHITE 'PEACOCK AND PEONY' VASE, MEIPING
HK$ 3,800,000 –
5,800,000
HK$ 4,484,000
Lot 3187 MING DYNASTY, 14TH - 17TH CENTURY A HUANGHUALI TABLE
HK$ 500,000 - 800,000 HK$ 1,475,000
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Chinese Paintings
The second day of Poly Auction Hong Kong‟s 2016 autumn sales was a great success, counting HK$552 million in total receipts from five sales offered by Chinese Paintings Department, namely the “Fine Modern Chinese Paintings and Calligraphy”, “Glossiness of Uncarved Jade – Special Auction of Cui Ruzhuo [VII]”, “A Selection of Chen Wen Hsi‟s Paintings and Modern and Contemporary Ink Art”, “Memories of the Past – Important Collection from Mr. Wang Boqun and the Republic Period” and “Classical Chinese Paintings and Calligraphy”, an eloquent testimony to the confidence of collectors in Poly Auction Hong Kong.
“Given the overall environment after shifts in the Chinese painting and calligraphy market, the fact that our five sales today achieved this kind of success is an indication of collectors‟ recognition of and trust in us. Many important lots achieved the best price that could be hoped for, reflecting the stability of the Hong Kong painting and calligraphy market. This shows our degree of commitment in selecting the best auction pieces. We have been striving to establish ourselves in Hong Kong and to enter the international market, thereby offering the Chinese as well as international markets the finest Chinese arts. We would like to thank all collectors for their staunch support as we move hand in hand towards a bright future,” said Luo Gedi, Director of Chinese Paintings.
(1) Glossiness of Uncarved Jade – Special Auction of Cui Ruzhuo [VII]
The sale featured 32 hand-picked masterworks, bringing in a total in excess of HK$354 million. Among them was the masterpiece „Lotus in the Autumn Wind‟, sold for HK$141.6 million after several rounds of bidding beginning at HK$60 million and setting the highest price for the sale. The 96-sq.ft. „Lotus in the Autumn Wind‟, noted for the significant contrast of the delicate lotus and dark leaves depicted with the technique of ink piling against the rugged rocks in the background, is the largest piling painting ever created by Cui Ruzhuo.
Images Lots Items Estimated price Sold price
Lot 1219
Cui Ruzhuo ‘Lotus in the Autumn Wind’
Estimate Upon Request
HK$ 141,600,000
Lot 1221 Cui Ruzhuo ‘Heavy Snow in Mountain at Night’
HK$ 35,000,000-40,000,000
HK$ 44,840,000
Lot 1220 Cui Ruzhuo ‘Withered Lotus in the Rain’
HK$ 35,000,000 - 40,000,000
HK$ 42,480,000
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(2) Fine Modern Chinese Paintings and Calligraphy
The season‟s near-modern Chinese paintings and calligraphy sales featured some 500 auction pieces, which engaged discerning collectors from Mainland China, Hong Kong and the rest of Asia in rounds of enthusiastic bidding. A great amount of near-modern masterpieces were well-received, sold at final prices several times above estimates. One of the highlights was the Memories of the Past – Important Collection from Mr. Wang Boqun and the Republic Period sale. The cover work of the sales catalog, Xu Beihong‟s „Rooster in Bamboo Grove‟ created in 1944, fetched HK$6.49 million, the highest in all lots sold in the sale. The near-modern paintings and calligraphy sale also made a strong start with its catalog cover work Fu Baoshi‟s „Landscape‟, sold for HK$5.31 million.
Images Lots Items Estimated price Sold price
Lot 934 Fu Baoshi ‘Landscape’
HK$ 4,000,000-
6,000,000
HK$ 5,310,000
Lot 933 Hong Yi
Calligraphy Couplet
HK$ 3,000,000 -
4,000,000
HK$ 3,304,000
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(3) Memories of the Past – Important Collection from Mr. Wang Boqun
and the Republic Period
Images Lots Items Estimated price Sold price
Lot 744 Xu Beihong ‘Auspitiousness’
HK$ 2,000,000-
3,000,000
HK$ 6,490,000
Lot 746 Zhang Daqian ‘Flowers’
HK$ 2,000,000 -
3,000,000
HK$ 2,360,000
(4) A Selection of Chen Wen Hsi Paintings and Modern and Contemporary Ink Art
A Selection of Chen Wen Hsi‟s Paintings and Modern and Contemporary Ink Art presented 233 pieces, including „Scholar‟s Rock And Poem‟ created by Liu Dan in 2009, sold for HK$37.76 million, followed by a fine collection of 60 works by Chen Wen Hsi, the leading figure in the early modern art of Southeast Asia and Singapore. Fetching HK$3.068 million, „Gibbons‟ is the second most profitable work of the artist which set the highest price for the sale.
Images Lots Items Estimated price Sold price
Lot 386 Liu Dan ‘Scholar’s Rock and Poem’
HK$ 2,800,000-
3,250,000
HK$ 3,776,000
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Lot 314 Chen Wen His ‘Gibbons’
HK$ 2,600,000-
3,600,000
HK$ 3,068,000
(5) Classical Chinese Paintings and Calligraphy
The Classic Chinese Paintings and Calligraphy yielded steady gains in this season, with the catalog cover work, „Poetic Gathering‟ by Ming artist Guan Si, being the object of intense bidding. The painting brought in a receipt of HK$4.72 million. Qiu Ying‟s „Scholars Gathering Under The Pine Tree‟, on the other hand, is a rare masterpiece of Qiu appeared in Song, Yuan, Ming and Qing Dynasties – Selections of Chinese Classical Paintings, vol. 5 which fetched HK$3.06 million in the sale.
Images Lots Items Estimated price Sold price
Lot 563 Guan Si ‘Poetic Gathering’
HK$ 1,800,000-
2,200,000
HK$ 4,720,000
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Lot 564 Qiu Ying ‘Scholars Gathering Under The Pine Tree’
HK$ 1,500,000-
2,000,000
HK$ 3,068,000
For this edition of autumn sales, Jewels and Prestige Collections Department presented a rich array of jewelry creations, exquisite jades, high horological works, vintage timepieces, limited edition Hermès bags and investment class whiskies. A total of 800-plus items went under the hammer, totaling HK$254 million.
(1) Important Jewels This season‟s sale of Important Jewels featured a remarkable collection of finely crafted jewelry creations and rare jadeites. Particularly noticeable was a set of two round, brilliant-cut Type IIA unmounted white diamonds with D color and flawless clarity, sold for a wobbling total of HK$82.6 million. “Rare and top-graded diamonds are currency-neutral assets with great collectible values. The sale of the world‟s largest flawless diamond set has added to the confidence of Poly Auction Hong Kong‟s expansion into the international market. We will double our effort in sourcing more important finds for global investors,” said Yu Wenhao, Director of Jewels and Prestige Collections.
Images Lots Items Estimated price Sold price
Lot
2187
An Important Unmounted Diamond (30.19 Carats)
HK$ 35,000,000-45,000,000
HK$ 41,300,000
Lot
2188
An Important Unmounted Diamond (30.53 CARATS)
HK$ 35,000,000-45,000,000
HK$ 41,300,000
Jewels and Prestige Collections
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Lot
2173
An Extraordinary and Extremely Rare ‘Imperial Green’ Jadeite and Diamond Jewellery
Estimate upon request HK$ 26,432,000
Lot
2124
A HIGHLY IMPORTANT SET OF EMERALD AND DIAMOND JEWELLERY
HK$ 18,000,000 – 24,000,000
HK$ 21,830,000
Lot
2157
A Magnificent 30.02 Carat Burmese ‘Royal Blue’ Sapphire And Diamond Ring By William Goldberg
HK$ 12,000,000-18,000,000
HK$ 14,160,000
(2) Important Watches
For this autumn, the timepiece team has amassed a great variety of wonderful pieces, with sales totaling HK$23.48 million.
Images Lots Items Estimated price Sold price
Lot
2351
Patek Philippe (5016P-010) An Extremely Important and Rare Platinum Minute Repeating Perpetual Calendar Tourbillon Wristwatch With Retrograde Date and Moon-Phases Factory Sealed
HK$ 4,000,000 -
6,000,000
HK$ 4,484,000
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Lot
2360
Patek Philippe An Extremely Fine, Rare And Important Platinum And Ruby-Set Perpetual Calendar Chronograph Wristwatch With Registers, Moon-Phases And Leap Year Indication, In Original Factory Sealed
HK$ 2,100,000 - 2,800,000
HK$ 2,714,000
(3) Noble Handbags and Accessories
An extraordinary 30cm shiny geranium porosus crocodile diamond Birkin, alongside accessories made from a colorful range of leathers, from the exotic crocodile patchwork to ostrich to more accessible materials, drew in HK$12.26 million in total.
Images Lots Items Estimated price Sold price
Lot
2645
An Extraordinary Shiny Geranium Porosus Crocodile Diamond Birkin 30 With 18K White Gold & Diamond Hardware Accompanied With Original Box And Certifications. Hermès 2015
HK$ 1,680,000 -
2,200,000
HK$ 2,006,000
Lot
2586
A Rare Matte Himalaya Niloticus Crocodile Birkin 30 With Palladium Hardware Hermès, 2016
HK$ 600,000 - 700,000 HK$ 885,000
(4) Prestige Collections
The Prestige Collections sale brought outstanding results on the first day of Poly Auction Hong Kong‟s 2016 autumn sales, totaling a little less than HK$10 million. The star performer was the full Hanyu Ichiro‟s Malt Card series of 54 bottles, sold for HK$3.3 million.
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Images Lots Items Estimated price Sold price
Lot
1396
Hanyu Ichiro's Malt Card Full set
HK$ 2,800,000 4,000,000
HK$ 3,304,000
Lot
1515
Yamazaki 50 – First Edition
HK$ 650,000 - 850,000 HK$ 1,003,000
Lot
1410
The Macallan 65 In Lalique VI
HK$ 280,000 - 360,000 HK$ 306,800
Please download high-resolution images from Dropbox: https://www.dropbox.com/sh/0qlu1zprpgyzsfa/AABF6BC9bf4Pebyx_8iMhPNMa?dl=0 Media Contact :
DNA - Kathy Li 3171 1811 [email protected]
DNA - Rita Lee 2849 3328 [email protected]
Poly Auction HK - Jessica Chen 2303 9892 [email protected]
Poly Auction HK - Randy Tung 2303 9857 [email protected]
Poly Auction HK - Fatima Lam 2303 9891 [email protected]
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About Poly Auction Hong Kong Poly Auction (Hong Kong) Limited (Poly Auction Hong Kong), established in 2012 by Poly Culture Group Corp. Ltd., is a young but remarkable auction house in Hong Kong and the Asia Pacific region. Beijing Poly International Auction, a subsidiary of Poly Culture Group Corp Ltd., is China‟s largest state-owned auction house and holds the highest auction transaction volume of Chinese art in the world. Poly Auction (Hong Kong) comprises of seven departments: Chinese and Asian Modern and Contemporary Art, Chinese Contemporary Ink Paintings, Fine Modern Chinese Paintings and Calligraphy, Classical Chinese Paintings and Calligraphy, Chinese Ceramics and Works of Art, Jewels and Watches and Chinese and Western Wine. We select only genuine, exquisite and rare artwork. We are entering the international art market with the aim to provide professional consultation, exceptional collections and the highest quality service. Poly Auction has a global network of offices, including Hong Kong, Beijing, Shanghai, Macao, Xiamen, Shandong, Taipei, Tokyo, New York, San Francisco, Los Angeles, Sydney and Melbourne. Official Website : www.polyauction.com.hk WeChat account: polyauction – hongkong
