Thursday - 18 December 2014

£35m scroll underlines strength of Chinese art market

06 June 2011Written by ATG Reporter

IT took 50 bids and half an hour to auction this RMB370m (£35m) scroll, by Qi Baishi (1864-1957) at Beijing's China Guardian on May 22 – the latest demonstration of the breadth of mainland demand for modern Chinese paintings by the country's most acclaimed artists.

Towering Pine and Cypress with its four-character couplet in seal script was painted as a birthday present in 1946 for the former Chinese Nationalist party leader, Chiang Kai-Shek. The general fled to Taiwan just a few years later after his defeat by the Communist army.

Qi Baishi was a self-taught artist and son of a peasant. His paintings routinely command premium sums at auctions internationally. This is thought to be Qi's largest work at 8ft 8in x 3ft 3in (2.66m x 1m).

The scroll was one of the highlights from Guardian's spring auction series and is the second highest price for a work of art in China after an 11th century scroll by Huang Tingjian at Beijing's Poly International, which made a premium-inclusive RMB436.8m in 2009.

China Guardian's buyer's premium is 15%

Antiques Trade Gazette is the weekly bible of the fine art and antiques industry. Read articles like this every week in the Antiques Trade Gazette or ATG app. Click here to subscribe today.

Written by

ATG Reporter

Back to top