Sotheby’s HK Spring 2017 Contemporary Ink Art Sale Totals over HK$30mil

5 April 2017 - 10:49am

Sotheby’s Hong Kong Spring 2017 Contemporary Ink Art Sale Totals HK$30,418,750/US$3,914,893*

85% Sold By Lot Over Half of The Sold Lots Achieve Prices Beyond High Estimate

Liu Dan – Star of the Sale All Eight Lots from American Source Sold to Asian Collectors With Seven Among The Sale’s Top Ten

Artist Records for Wang Jiqian and He Huaishuo

New Auction Records for the Artist

  • Wang Jiqian, Landscape No. 472

Sold for HK$2,980,000/ US$383,526 (Est: HK$800,000 – 1,200,000 / US$102,960 - 154,440)

  • He Huaishuo, Lion Feast

Sold for HK$500,000 / US$ 64,350 (Est: HK$400,000 — 600,000/ US$ 51,480 - 77,220) 

Strong demand for important works -- fresh to the market -- met significant prices including: 

  • Xu Lei, Cage

Sold for HK$1,375,000/ US$176,962 (Est. HK500,000 - 800,000/ US$64,400 - 103,040)

  • Irene Chou, Impact II

Sold for HK$425,000/ US$54,698 (Est. HK$120,000 – 180,000/ US$15,456 – 23,184) 

View sales results here.

Katherine Don, Sotheby's Head of Contemporary Ink Art, said, “We are elated by the strong results of this auction with most lots achieving prices above the estimate. There was consistent international bidding throughout, and the atmosphere was vibrant with a refreshing influx of new collectors in the sale room. Distinctive works by great masters of contemporary ink were actively sought-after, especially for the paintings by Liu Dan – the star of the sale today. All signs point to a buoyant market for the growing collecting category that Sotheby’s has been cultivating to be considered the market leader today.”