Zeng Fanzhi News
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Updated 2 hours, 19 minutes ago
Some artists suffer more to create their work than others. Angela Su certainly has.
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Madonna, Leonardo DiCaprio and Microsoft co-founder Paul Allen could help sell as much as $1.3 billion of art at the three New York auction houses this month.
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Waving paddle 3008, a woman in a black dress at the center of Sotheby’s Hong Kong saleroom saw off all comers to win a 1992 Zhang Xiaogang painting that set an artist record of HK$52.18 million ($6.7 million), as Chinese buyers competed for works by established artists.
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An abstract painting by Zao Wou-ki fetched an auction record price last night, pushing Sotheby’s sales of modern and contemporary Asian art to HK$647 million ($83 million), as Chinese buyers battled for the artist’s work.
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The German manager of an art-freight company is being detained in a Chinese jail for allegedly falsifying values of imported artworks to help buyers avoid 10 million yuan ($1.6 million) in import duties and value added taxes.
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A painting of a masked man by top Chinese contemporary artist Zeng Fanzhi that Emmy-award winner Lawrence Schiller and his wife bought three years ago for $500,000 fetched five times more at a packed Hong Kong art sale.
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Sotheby’s five-day autumn sale got off to a mixed start during the weekend, setting a record for a Southeast Asian work and pulling another lot whose ownership was contested by a Buddhist nun.
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Hong Kong’s art scene goes into overdrive this week as Asia’s billionaires descend on the city for the Hong Kong International Art Fair.
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Sotheby’s five-day autumn auction in Hong Kong ended last night with a total sale of HK$2.05 billion ($263 million) as buyers pushed prices of some top lots to records and shunned others.
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A painting by Zhang Xiaogang set an auction record for a work by a contemporary Chinese artist last night as Asian buyers competed at a HK$427.2 million ($54.9 million) sale by Sotheby’s in Hong Kong.
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