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Sold for US$34.7 million
Zhang Daqian’s Peach Blossom Spring
Photo from Sotheby's Hong Kong |
C.K. Cheung, Head of Chinese Paintings Department, Sotheby’s, says, “We are pleased with the results of our two-day Chinese Paintings sales, 4th and 5th April, 2016, which achieved a combined total of HK$692 million. Our carefully-curated sales attracted active bidding from collectors across China, Taiwan, Hong Kong, Southeast Asia and abroad, which is testament to a stable and healthy market. Highlight of this season is Zhang Daqian’s
Peach Blossom Spring that set a world record for the artist at HK$271 million. Other works by the artist also performed well, with all 23 works being sold. In addition, we saw a tremendous result in our first Fine Chinese Paintings evening sale –
Chinese Paintings & Calligraphy from the Yong Li Studio, which reflects the market’s recognition of the Collector’s sophisticated taste as well as our department’s meticulous sourcing approach.”
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