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.
Insights into the Premium Market for Zao Wou-ki’s Art Works (Skate’s)
More from Art Market Monitor
Zao Wou-Ki, Sanyu Dominate Hong Kong Modern and Contemporary 2020 Sales: Analysis
Sotheby’s Unveils Massive $45m Zao Wou-ki for Hong Kong
How the Zao Wou-ki Market Took Off
How to Build a Chinese Art Museum
Paris Contemporary Auction Analysis: Asian Artists, de Staël Dominate
Sotheby’s Paris Sale Led By Zao Wou-ki & Shiraga
