China Guardian Hong Kong 2017 Auctions Achieve HK$ 979 Million / US$ 125.51 Million * HIGHEST EVER ANNUAL TOTAL*

China Guardian Hong Kong 5th Anniversary and 2017 Autumn Auctions
14 Sales Bring HK$ 652.6 M / US$ 83.67 M

China Guardian Hong Kong 5th Anniversary and 2017 Autumn Auctions concluded on 3 October with splendid results, bringing the Company’s 2017 auction total to HK$ 979 million / US$ 125.51 million, the highest ever annual total. The 14 sales on 2 to 3 October encompassing five categories brought HK$ 652.6 million / US$ 83.67 million.  

Ms. Hu Yanyan, President of China Guardian (HK) Auctions Co., Ltd, enthuses, “Celebrating our fifth anniversary in Hong Kong this season, we have been thrilled to stage our auctions at the Hong Kong Convention and Exhibition Centre, which was a brand-new experience for our clients. Many collectors have secured desired new additions to their prized collections after two days of avid bidding, which brought a total of HK$ 652.6 million / US$ 83.67 million, propelling our 2017 annual total to an impressive HK$ 979 million / US$ 125.51 million, both the highest in the Company’s history. My heartfelt thanks go to long-time clients for their enormous support over the years. We are also extremely pleased to see a growing and diverse group of collectors who are new to us, especially those coming from Southeast Asia, Europe, United States as well as Taiwan. We look forward to the opening of the Guardian Art Centre at 1 Wangfujing Street, Beijing, at the end of the year, which promises to offer an integrated platform for transactions of art in Asia.” 

Chinese Paintings and Calligraphy Grand Total: HK$ 295 M / US$ 37.82 M

Modern Chinese Paintings and Calligraphy achieve HK$ 218.41 M / US$ 28 M

Zhang Daqian’s Vajrasattva Fetches HK$ 34.91 M / US$ 4.48 M
4 Times Pre-sale Estimate

Li Keran’s Sailing Through the Autumn River
Brings HK$ 32.23 M / US$ 4.1 M
 

Classical Chinese Paintings and Calligraphy brings HK$ 54.63 M / US$ 7 M

27 Works from the Highly Anticipated Collection of Young Marshal Chang Hsueh Liang Stir Intense Bidding WarsVerdant Mountains by Yang Wencong Fetches HK$ 23.15 M / US$ 2.97 M

Landscapes by Dong Bangda Brings HK$ 2 M / US$ 257,179

Modern Chinese Paintings and Calligraphy From
The Lana Cheung and Jim Kinoshita Collection of Chinese Art fetch HK$ 22.07 M / US$ 2.83 M

7 Sales of Chinese Ceramics and Works of Art Total: HK$ 110 m / US$ 14.1 m

Private Collections Achieve Outstanding Results
The Lana Cheung and Jim Kinoshita Collection of Chinese Art

93% Sold, Bringing HK$ 32.8 m / US$ 4.2 m

A Selection of Extremely Rare Early Jade Carvings From An American Private Collection

Brings HK$ 18.39 m / US$ 2.36 m, Doubling Pre-sale High Estimate

Chinese Bronzes in the Collection of Chu’s Jiu Ru Yuan

92% Sold, Fetching HK$ 16.23 m / US$ 2.08 m

2 Sales of Classical Chinese Furniture Total: more than HK$ 94 m / US$ 12.05 m

Classical Chinese Furniture from Lu Ban Zhuang, Singapore, nearly 80% Sold
 

Lots Achieving over HK$ 10 m / US$ 1.28 m:

A Huanghuali Couch-bed Sells for HK$34.35 m / US$ 4.4 m

A Huanghuali Painting Table Fetches HK$13.95 m / US$ 1.78 m

2 Sales of Asian 20th Century and Contemporary Art Total nearly HK$ 107.34 m / US$ 13.76 m

Average Sell-through Rate 80%
 

Various-Owner Sale of Asian 20th Century and Contemporary Art
Brought HK$ 94.20 m / US$ 12.08 m
 

The Schoeni Family Collection 93% Sold
Achieving over HK$ 13.14 m / US$ 1.68 m

Jewellery, Watches & Luxury Goods

A 7.62-ct Fancy Purple Pink Diamond Ring Fetches HK$ 27.07 M / US$ 3.47 M

A 6.04 Carat Natural Light Pink VS1 Clarity Diamond, Pink Diamond and Diamond Ring Fetches HK$ 5.5M