Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

New Sanyu Record Set

June 12, 2011 by Marion Maneker

Georgina Adam, the eagle-eyed art market watcher, caught this record sale:

Chinese artist Sanyu (1901-1966) works in a western style, painting simplified nudes or flowers on plain backgrounds. While he is little-known in the west, he is immense in China and Taiwan and has just scored a new record at an auction by Taiwanese auction house Ravenal. In Ravenal’s spring sale, held in Hong Kong to catch the crowd attending the art fair, Sanyu’s “Five Nudes”, painted in the 1950s, rocketed over a starting bid of US$10m to make $16.5m, accounting for more than half the sale total of $25m. Interestingly, the work last sold in Taipei in 1993 for just £119,268, by Sotheby’s, which operated there at the time.

The Art Market: Dare in the Community (Financial Times)

More from Art Market Monitor

  • Updating the Basel ScorecardUpdating the Basel Scorecard
  • Latin American Art Hasn’t ‘Matured,’ Sotheby’s Just Needs More Contemporary ArtistsLatin American Art Hasn’t ‘Matured,’ Sotheby’s Just Needs More Contemporary Artists
  • Chinese Works of Art Break the BarrierChinese Works of Art Break the Barrier
  • Breaking FakesBreaking Fakes
  • If Global Sales Raise Stature, Why Keep Artists at Home?If Global Sales Raise Stature, Why Keep Artists at Home?
  • Final Word on FIACFinal Word on FIAC

Filed Under: Auction Results, Featured

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...