Art Market Monitor

Global Coverage ~ Unique Analysis

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

Sotheby’s Announces Beijing Sales with Zao Wou-ki from Art Institute of Chicago

October 8, 2013 by Marion Maneker

Sothebys Beijing - Zao Wou-ki, Abstraction

Sotheby’s is taking advantage of its momentum this week and announcing its own Mainland sales coming this December:

Today brought the curtain down on a remarkable five-day run of 16 record-breaking auctions staged by Sotheby’s in Hong Kong, with numerous new benchmarks set in many categories. Together they realisedHK$4.196 billion / US$538 million, the highest grand total ever achieved by any global arts business operating in Asia.

In the wake of these exceptional results, Sotheby’s today unveils the top lot from its December sale in Beijing, the company’s second auction in mainland China. Estimated at RMB 35 – 45 million / US$5.7 – 7.3 million, and consigned to sale by a prestigious American institution, Abstraction by Zao Wou-Ki comes to the market as demand for the artist’s work is at an all-time high (Sotheby’s set a new record of US$10.9 million just two days ago in Hong Kong).

More from Art Market Monitor

  • Paris Contemporary Results AnalysisParis Contemporary Results Analysis
  • A Warm Breeze in Chinese Art?A Warm Breeze in Chinese Art?
  • China Guardian’s $50m Beijing Sale Reveals Shift in MarketChina Guardian’s $50m Beijing Sale Reveals Shift in Market
  • Sotheby’s Beijing Modern & Contemporary Art = $37.3mSotheby’s Beijing Modern & Contemporary Art = $37.3m
  • How to Build a Chinese Art MuseumHow to Build a Chinese Art Museum
  • Sotheby’s Beijing = 114,902,500 RMB ($18.39m)Sotheby’s Beijing = 114,902,500 RMB ($18.39m)
  • Print
  • Tweet

Filed Under: Emerging Markets Tagged With: Beijing, Sotheby's, Zao Wou-ki

Advertise on Art Market Monitor with Nectar Ads

Top Posts

  • The Famous Rauschenberg Scull Shoving Match Didn't Go Down the Way You Think It Did
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • The Middle Market Jumps Higher: New York Contemporary Sales Analysis, Nov 2019
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • About Us/ Contact
  • The New York Times Still Doesn't Get Art & Money Laundering
  • How Park West Sold $93m in Peter Max Paintings
  • Frank Stella Sells Some Work—His Own and Others—at Christie's
  • Sotheby's to Follow Sanyu Record with Quartre Nus This Spring in Hong Kong


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

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
Advertise on Art Market Monitor