Art Market Monitor

Global Coverage ~ Unique Analysis

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

Serge Poliakoff’s Shanghai Surprise

September 26, 2018 by Marion Maneker

Jeff Koons defends himself, Thelma Golden's Bright Future & Frank Dunphy's Sale Outperforms

Christie’s Does $17.89m in Shanghai Sale

Strong prices for Zao Wou-ki, Serge Poliakoff and Richard Lin

Christie’s held a sale in Shanghai late last week that offers an interesting window into the Mainland Chinese interest in Western art. The two sales totaled ¥122m yuan which is equivalent to $17.89m with the top lot a Zao Wou-ki from 1992 nearly tripled the pre-sale estimate of ¥16m to sell for ¥45.6m. Demand for Zao’s work is strong and the success is not really a surprise. But the second most valuable lot in the sales was a Salvador Dalí sculpture that sold for ¥9m over a ¥3.5m high estimate. Even more surprising was the ¥7.56m ($1.1m) paid for Serge Poliakoff’s Rouge bleu jaune which was more than three times the high estimate of ¥2.4m. That’s the third highest price ever paid for a work by Poliakoff.

Other strong sales were Sean Scully’s 4.18.04 which had a ¥1.6m high estimate and a ¥3.12m premium price. Two works by Richard Lin, including Ynyslas which sold for ¥3m, were strong performers as was a Giorgio de Chirico, a Bernard Buffet clown and a Botero.


Sign up to Art Market Monitor Premium today

You need a membership to AMMpro to view this article and other exclusive content daily.

You can register today for $90 per month—with your first month free!—or for $756 per year (no free trial period.)

Screenshot 2016-08-05 16.28.45

If you already have an account, sign in here:

 
 
Forgot Password

Filed Under: Premium

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Rare Photo Album by Dutch Street Photographer Bought at Auction by Rijksmuseum
  • Christie's Announces $70m Picasso Self Portrait
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • Tony Podesta's Secret Art Buying
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Phillips Includes $2.5m Norman Rockwell Painting in November Evening Sale
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Roy Lichtenstein and The Pop Art Masterpiece Market: Analysis
  • 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