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China Guardian Auctions Co, Ltd., the oldest auction house in Mainland China, specializing in Chinese artwork of all varieties, built on the huge success of its first auction in Hong Kong last year with its inaugural Spring auctions in the city on 4 to 5 April, 2013. The two-day auctions at the Island Shangri-La realized HKD 293,054,500 (USD 37,747,367), nearly 50% more than the pre-auction estimate.

At the sessions “Hong Kong Ink Painting” and “Chinese Painting and Calligraphy from the Four Seas” on 4 April, 300 Chinese ink paintings were presented including 25 Hong Kong ink paintings. The “Chinese Painting and Calligraphy from the Four Seas” auction is highlighted by the top lot Cottages in Misty Mountains by Zhang Daqian, which sold for HKD 27,025,000/ USD 3,481,300 to a phone bidder after over 20 bids. It is presented alongside exceptional selection of ink paintings by leading modern masters of Chinese painting such as Wu Hufan, Zhang Daqian, Ren Yi and Huang Zhou amongst others, with overall total achieved HKD 161,644,000/ USD 20,821,240. The “Hong Kong Ink Painting” sale included a collection of work by 20 Hong Kong artists including Lui Shou-kwan, Liu Kuo-sung, Luis Chan and Kan Tai-keung, which are offered as a dedicated sale for the first time in Hong Kong, achieving total HKD 5.9 million/ USD 761,401.

"Classic Furniture of Ming and Qing Dynasties” and “Chinese Furniture from Hung‘s Collection” sales on 5th April present an impressive collection of Huanghuali furniture from the Late Ming and Early Qing Dynasty, the Qianlong Period and the 17th Century, both sessions realized a total of HKD 83,180,650/ USD 10,713,330.

China Guardian’s second day auction also presented for the first time the “Chinese Ceramics and Works of Art” sale including a total of 80 pieces of ancient Chinese ceramics and artworks presented, spanning from the Shang Dynasty (17BC – 11BC) to Modern China. The session achieved a total of HKD 42,320,000/ USD 5,451,396.

Yannan WANG, Director and President of China Guardian, said “We are very pleased to return to Hong Kong to host our second auction here. There has been a great reception for the auction and we are glad to see the active participation of both existing loyal buyers and new international clients, especially from across Asia. The inaugural Hong Kong Ink Painting Sale and the artists’ talk were very well received and, again, we are very pleased with the success of the sale that indicates the growing interest in Hong Kong ink painting and we are thrilled that we can take part in supporting these excellent contemporary artists. There have been strong sales particularly in the Chinese ink painting and calligraphy. We see this as a positive sign for the long term future of China Guardian in Hong Kong and we look forward to continuing to present a diverse range of Chinese artworks of the highest quality in the city with our next series of sales in the autumn.”

Top Sales:

Chinese Painting and Calligraphy from the Four Seas
4 April 2013
Sales Total HKD 161,644,000/ USD 20,821,240

Highlight lots:

Cottages in Misty Mountains by Zhang Daqian, 1965, ink and colour on gold paper, lot 252, sold for HKD 27,025,000/ USD 3,481,300 to a phone bidder after over 20 bids. (Estimate: HKD 12,000,000-22,000,000/ USD 1,546,000–2,835,000)

Autumn Sentiments by Wu Hufan, 1937, handscroll, lot 86, sold for HKD 9,200,000/ USD 1,185,291. (Estimate: HKD 8,000,000-12,000,000/ USD 1,000,000-1,546,000)

Mountainscape in the Sunset by Zhang Daqian, 1979, ink and colour on paper, lot 251, sold for HKD 5,750,000 / USD 740,703. (Estimate: HKD 5,000,000–8,000,000 / USD 645,200–1,032,300)

Characters of Chinese Opera by Guan Liang, oil on canvas, lot 114, sold for HKD 4,140,000/ USD 533,381. (Estimate: HKD 500,000–800,000/ USD 64,500-103,200)

Go to the Fair by Huang Zhou, ink and colour on paper, lot sold for HKD 3,910,000 / USD 503,748. (Estimate: HKD 1,600,000–2,600,000/ USD 206,000-335,000)

Classic Furniture of Ming and Qing Dynasties and Chinese Furniture from Hung‘s Collection
5 April 2013
Sales Total: HKD 83,180,650/ USD 10,713,330

A Single-board, Pedestal-top Table

Highlight lots:

A Single-board, Pedestal-top Table, Kangxi Period, 90x305.2x48.5cm, lot 552, sold for HKD 23,575,000/ USD 3,036,260. (Estimate: HKD 12,000,000 – 22,000,000/ USD 1,548,400 – 2,838,700)

A Large Finely Carved Zitan Ivory-inset 'Landscape and Figures' Floor Screen, Middle Qing Period, 201 x 95.5 x 48.8 cm, lot 536, sold for HKD 6,555,000/ USD 844,260. (Estimate: HKD 4,500,000 – 6,000,000/ USD 580,600 – 774,200)

A Large Huanghuali Square-corner Display Cabinet, Early Qing Period, 190.5 x 106 x 55.8 cm, lot 524, sold for HKD 4,600,000/ USD 592,460. (Estimate: HKD 3,800,000 – 5,800,000 / USD 490,300 – 748,400)

A Large Huanghuali Painting Table, Late Ming/ Early Qing Period, 81 × 165 × 60 cm, lot 527, sold for HKD 4,140,000/ USD 533,381. (Estimate: HKD 3,000,000 – 4,800,000/ USD 387,100 – 619,400)

A Huanghuali Six-posted Canopy Bed, Early Qing Period, 200 × 219 × 149 cm, lot 510, sold for HKD 4,140,000/ USD 533,381. (Estimate: HKD 1,800,000 – 3,800,000/ USD 232,300 – 490,300)
 
Chinese Ceramics and Works of Art
5 April 2013
Sales Total: HKD 42,320,000/USD 5,451,396

A Korean Celadon Cup Holder

Highlight lots:

A very rare underglazed blue and yellow enameled moonflask, Yongzheng seal mark and of the period (1723-1735), 42cm High, lot 439, sold for HKD 6,210,000/ USD 800,000 with nearly 40 bids. (Estimate: HKD 3,000,000 – 5,000,000/ USD 386,510 – 644,184)

An Imperial Large Jade ‘Double-Dragon’ Seal, Qing Dynasty, Jiaqing Period (1796 – 1820), 12.2 x 12.2 x 9.5cm, lot 442, sold for HKD 5,750,000/ USD 740,660. (Estimate: HKD 5,000,000-7,000,000/ USD 645,200 – 903,200)

A Korean Celadon Cup Holder, 12th Century, 17.8cm wide, lot 414, sold for HKD 5,175,000/ USD 666,620. (Estimate: HKD 600,000 – 800,000/ USD 77,400 – 103,200)

Hong Kong Ink Painting
4 April 2013
Sales Total: HKD 5.9 million/ USD 761,401

Roof of the World by LIU Kuo-sung

Highlight lots:

Zen－ Lotus by LUI Shou-kwan, 1972, ink and colour on paper, lot 23, sold for HKD 747,500/ USD 94,000. (Estimate: HKD 180,000–280,000/ USD 23,188-36,070)

Roof of the World by LIU Kuo-sung, 1987, hanging scroll; ink and colour on paper, lot 20, sold for HKD 713,000 / USD 92,000. (Estimate: HKD 150,000–250,000 / USD 19,400–32,300)

The Embrace by Luis Chan, 1968, acrylic on paper, lot 2, sold for HKD 690,000/ USD 59,000. (Estimate: HKD 480,000-600,000/ USD 61,843-77,303)

Zen－ Lotus by LUI Shou-kwan

The coming China Guardian 2013 Spring Auctions will be held in Beijing from 10 to 15 May, preview begins on 7 May.

Established in 1993, China Guardian is a world-class auction house and a leader in its field. Ranked in the top four art auction houses world-wide with offices in New York, Vancouver, Tokyo, Shanghai, Taipei and Hong Kong, China Guardian is looking to expand to other markets worldwide.