The folks at Skate’s issued an investment report on Zao Wou-ki today. The part that attracted our attention was this brief note at the end about two works that were bought within the recent period when Zao’s work had run up in value as Chinese buyers competed for the works in Western and Asian auctions.
two repeat sales […] took place at Hong Kong auctions in 2011 and 2012. Notably, before returning to the market, both of the artworks were in private hands for only four years[….] 2.11.59. and 23.05.61. produced returns of 65.8% and 30.52%, respectively.