On 24 September, Christie’s held its fifth year of autumn sales in Shanghai dedicated to artworks by Asian and Western contemporary masters and emerging artists. The two sales achieved a combined total of RMB 98,580,000, a 35 per cent increase from last year, with Zao Wou-Ki’s 24.12.2002-Diptyque (2002) becoming the most expensive work of art to be sold in Christie’s Shanghai— a large work which was consigned from a European collection and has never before been on the market and was sold for RMB 33,600,000 including the premium. Eléphant du triomphe by Salvador Dalí recorded the highest price for a Western work of art sold in Christie’s Shanghai when it was sold for RMB 13,200,000. Returning for another successful season, the FIRST OPEN sale was met with strong sell-through rates of 85% by lot, realising a total of RMB 15,432,000. 40% of lots exceeding high estimate. The top lot of the sale was Untitled, by Zao Wou-Ki, which sold for RMB 1,680,000. You can find results of the two sales here: FIRST OPEN | Shanghai and 20thCentury & Contemporary Art.
Larry’s List presents to you six of the top lots of the sale and would like to invite you to consign contemporary artworks with Christie’s. It has been five years that Christie’s Shanghai salesroom has established itself as a global platform, starting the Autumn global art sales season and converging collectors from around the world.
ZAO WOU-KI
24.12.2002-Diptyque (2002)
Estimate: RMB 12,000,000 – 22,000,000
Price realised: RMB 33,600,000
SALVADOR DALÍ
Eléphant du triomphe (1975)
Estimate: RMB 2,800,000 – 4,000,000
Price realised: RMB 13,200,000
KAWS
Seated Companion (2011)
Estimate: RMB 2,000,000 – 3,000,000
Price realised: RMB 2,640,000
XU LEI
Green Mountain After Rain (2014)
Estimate: RMB 2,000,000 – 3,000,000
Price realised: RMB 2,880,000
ZENG FANZHI
Untitled (Mask Series) (1999)
Estimate: RMB 380,000-580,000
Price realised: RMB 1,440,000
GAO ZHENYU
A ‘Warring States’ Embossed Yixing Clay Teapot (2017)
Estimate: RMB 60,000-120,000
Price realised: RMB 264,000
