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Two other sessions on Chinese paintings and calligraphy were also held yesterday: The Han Hong Lau Collection of Modern Painting and Calligraphy as well as Fine Contemporary Paintings, the first special auction of this kind of paintings ever held by China Guardian. The former sale was concluded at RMB24.56 million yuan. The latter was concluded at RMB19.63 million yuan, representing a 100% sold rate. Apart from works by old masters like Pan Tianshou, Qi Baishi, Zhang Daqian and Fu Baoshi, which remained extremely popular at the auction, prices for medium-ranged items also showed considerable increase.

The fourth session for the first day of auctions was Collection of Lin Song, Stamps and Covers. The highlight of the sale was a soldier design stamp of Chinese Soviet Posts 1/2 cent (Lot 3356), which sold for RMB429,000 yuan. The total sale of the session was RMB8.65 million yuan.

China Guardian 2005 Spring Auctions will continue at the Kunlun Hotel on May 14 and May 15, 2005 with items including ceramics, embroidered articles, oil paintings, rare books and jadeite.

The auctions are being broadcast live on www.guaweb.com.

Highlights of Sale Results

Modern and Contemporary Paintings and Calligraphy 1
Lot 514 Pan Tianshou Eagle, Rock and Flora RMB11.715 million yuan
Lot 509 Zhang Daqian After Studio in Ya-I Mountains by Wang Meng
RMB7.37 million yuan
Lot 522 Li Keran Autumn Scenery at Ai Wan Pavilion RMB6.82 million yuan
Lot 536 Qi Baishi Figures RMB6.82 million yuan
Lot 451 Fu Baoshi Spring at Lake Xuanwu of Nanjing RMB3.74 million yuan

The Han Hong Lou Collection of Modern Paintings and Calligraphy
Lot 362 Huang Binhong Landscape RMB3.63 million yuan
Lot 304 Qi Baishi Flora, Birds and Grass Insects RMB935,000 yuan
Lot 319 Wu Hufan Grass Pavilion RMB605,000 yuan

Fine Contemporary Paintings
Lot 233 Fan Zeng Travellers RMB2.31 million yuan
Lot 256 Wang Mingming Landscape RMB1.11 million yuan
Lot 189 Feng Dazhong Majestic Tiger RMB902,000 yuan

Collection of Lin Song, Stamps and Covers
Lot 3356 A Soldier Design Stamp of Chinese Soviet Posts 1/2 cent RMB429,000 yuan
Lot 3400 A Regular Stamp of Shandong War-Time Posts $1 RMB231,000 yuan

(Please note: all prices quoted include buyer’s premium.)