The Zao Wou-ki market goes from strength to strength with new record prices having been set in recent years after a strong new player entered the market by acquiring a substantial number of paintings from the family. A work from that cache set the record a year ago in Hong Kong when it was sold for 202mHKD ($25.9m). There have been two confirming prices since then; one price in a similar range was achieved earlier in 2017 setting up the record sale.
Now Sotheby’s is trying to take advantage of the new price levels and out-do them with the announcement of a massive work from the 1980s. Estimated at 350m HKD or $45m, such a price were it achieved would shatter that record and put Zao Wou-ki in a totally new category of Chinese and European painters. The work was last on the market 13 years ago when it sold for a fraction of what Sotheby’s is hoping to achieve which is testimony to how far the Zao Wou-ki market has come in the last decade. The 2005 price paid for this work is no longer among the top 100 prices paid at auction for a Zao Wou-ki painting.
As always, there are several Zao Wou-ki works in the sale. Another carries a very significant 80-120m HKD estimate. Here’s Sotheby’s release for the work:
Sotheby’s is honoured to present Juin-Octobre 1985, the largest-ever painting by Franco-Chinese artist Zao Wou-Ki, at its Modern Art Evening Sale on 30 September 2018 in Hong Kong. Measuring 10 metres long and 2.8 metres in height, this monumental and exceedingly rare triptych was commissioned personally by celebrated architect I. M. Pei for Raffles City in Singapore. Juin-Octobre 1985 is expected to fetch in excess of HK$350 million, a world auction record for the Zao Wou-Ki. This masterpiece will be available for public viewing during Sotheby’s Hong Kong Autumn Sales preview from 28 to 30 September.
Vinci Chang, Sotheby’s Head of Modern Asian Art, comments: “In the past few decades, works by Zao Wou-Ki have been widely collected by institutions in Europe, America and Asia, and have been exhibited in major retrospectives. As well as receiving critical acclaim at an institutional level, Zao’s works are held in the same regard in the auction market, as reflected by the annual sale total which is on par with that of Western masters. It is no exaggeration to say that Zao Wou-Ki is one of the very few Chinese Modern artists whose recognition has ascended to a global level. We are deeply honoured to be able to presentJuin-Octobre 1985, the largest painting in the artist’s oeuvre and without a doubt, a singular masterpiece of unparalleled importance.”
Juin-Octobre 1985 was commissioned by internationally renowned architect I.M. Pei for the Raffles City complex in Singapore. Both Zao Wou-Ki and Pei were born to prominent families during the era of the Republic of China, where their fathers were both successful bankers. The two established an immediate camaraderie upon their first encounter in 1952 at the Galerie Pierre Loeb in Paris, a friendship that would last for more than 60 years.
As I.M. Pei’s career gained momentum and took flight, he began commissioning Zao to create paintings for the walls of his building projects. In 1980, Pei was given the reins to design Singapore’s Raffles City. Shortly prior to its completion, in May of 1985, Pei toured the premises with Zao and invited him to create a large panel painting for the grand lobby of the main building. The painting would be displayed alongside works by Ellsworth Kelly and Kenneth Nolan, and together, these three works would become Singapore’s most important public contemporary art collection.
Zao Wou-Ki returned to France and devoted himself to this project, working tirelessly for five months. Juin-Octobre 1985 was finally completed and unveiled to the world in October of the same year. Later in 1986, the work was officially moved to Raffles City and put on public display. Up until 2005, when the painting was relocated during a significant reconstruction, Juin-Octobre 1985 remained on public view at Raffles City as the crown jewel of the Lion City’s architectural landscape.
Juin-Octobre 1985 represents the stylistic hallmark of Zao Wou-Ki’s ‘Infinite Period,’ exemplified by an open composition that symbolises the artist’s liberated transcendence of mind and self. In tracing the painting back to its Eastern roots, it is important to note that after many years apart, Zao Wou-Ki reunited with Zhang Daqian, a great master of Chinese ink painting in Taipei in 1981. It is possible that Zao’s friendship with Zhang Daqian encouraged him to return to the Chinese tradition by invoking similar techniques and concepts to Zhang’s iconic splashed-colour landscapes. The enchanting blue-purple tone, a colour that became the poetic language of Monet’s waterlily paintings in his later years, also suggests the painting’s Impressionistic influence.
The large-scale triptych holds a special position within Zao Wou-Ki’s oeuvre. Since the Renaissance, the triptych has been closely tied to religious themes in Western paintings, embodying deep solemnity and divinity. In fact, the widths of the three panels in Juin-Octobre 1985 are not entirely equal. The centre canvas is 280 x 400 cm, while the left and right panels are 280 x 300 cm. This arrangement reveals the artist’s clear intention in evoking the religious paintings from the Renaissance.
In the 40 years from 1966 to 2006, the artist completed 20 large-scale triptychs, eight of which were created after 2000. Among these 20 large-scale pieces, three have been kept in museum collections, and seven are in the care of the Zao Wou-Ki Foundation, leaving only ten in the hands of private collectors.