Art Market Monitor

Global Coverage ~ Unique Analysis

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

China Guardian Sells $50m Ink Painting in Beijing

June 20, 2017 by Marion Maneker

China Guardian’s sale in Beijing on Monday was lively with one work selling for $50m suggesting that some of the excitement has returned to the Mainland’s art market.

China Guardian’s parent company is the largest shareholder in Sotheby’s. The work, Huang Binhong’s Yellow Mountain was one of the artist’s last works painted in 1955. The ink painting made seven times the previous price paid for it six years ago:

Huang’s momentum mountain-and-water piece, Yellow Mountain, grossed 345 million yuan ($50.6 million) at China Guardian Auctions’ sale in Beijing on Monday, an auction record for the artist.

The painting fetched 47.7 million yuan at a Beijing auction in 2011.

Last night it aroused a bidding war and was sold to Shandong-based electric vehicle manufacturer Levdeo.

 

Ink-brush master receives high acclaim at China Guardian Auctions (China Daily)

More from Art Market Monitor

  • Highlights from Sotheby’s $78m Hong Kong Modern + Contemporary Asian Art Evening SaleHighlights from Sotheby’s $78m Hong Kong Modern + Contemporary Asian Art Evening Sale
  • Caught Between Bonhams and CalderCaught Between Bonhams and Calder
  • When Gold Pales Compared to ArtWhen Gold Pales Compared to Art
  • Christie's Russian Art and Works of Art ResultsChristie's Russian Art and Works of Art Results
  • Richter’s Autumn, Priced to PerfectionRichter’s Autumn, Priced to Perfection
  • Art v. Real Estate, NYC EditionArt v. Real Estate, NYC Edition

Filed Under: General

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...