Christie's: Asian And Western 20th Century & Contemporary Art Auction Analysis

Collectors' Tip, Auction Results

April 27, 2015

Almost perfect auction has taken place at Christie's in Shanghai on Saturday, April 25. Asian And Western 20th Century & Contemporary Art auction has produced an incredible rate of sold lots - 74 of 84, or 88.1 percent of total number. Just three lots were sold under low estimate (4.1 percent of sold lots). Total of 27 lots were sold over high estimate (32.1 percent of total lots, or 36.5 percent of sold lots), and most lots have been sold in range of estimated values, 44, or 59.5 percent of sold lots. Total of 74 sold lots were sold for $10.09 million, or just -8.3 percent lower than the sum of high estimates for sold lots. These $10.09 million also was for $371,000 higher than the sum of low estimates for sold lots (+40.5 percent difference). Young Chinese artist Jia Aili was the star of Christie's: Asian And Western 20th Century & Contemporary Art auction at Shanghai, as his work Nameless Days 2 was sold for more than one tenth of total $10.09 million. Li Jin'sLiu Wei's, and Li Huayi's works also stood out in Shanghai.

The Best Individual Results at Christie's: Asian And Western 20th Century & Contemporary Art

Jia Aili and his Nameless Days 2 had the highest hammer price of the auction - it was estimated at $1,016,940 - $1,501,197, and it was sold for $1,259,068. Li Jin's Two Butterflies had a great sale, as it has more than doubled its high estimate - it was estimated at $193,703 - $355,122, and was sold for $799,024, or with +125 percent difference between hammer price and high estimate. Liu Wei's Business Man went for low estimate ($451,973), and ten works by Andy Warhol, Endangered Species, changed hands for $419,689. Another Liu Wei's work, Purple Air, did better than the previous one, in terms of difference between hammer price and high estimate, as it was estimated at $129,135 - $290,554, and was sold for $387,406. Tom Wesselmann's Bedroom Nude Doodle (3-D) was one of just three lots that went for under low estimate ($403,548 - $597,250, sold for $371,264). Li Huayi's A Strange Mountain was sold for low estimate ($322,838), Xiaofei Qiu's We Know Our Heavy Darkness went for $242,129, while Danqing Chen's The Disintegration of Caravaggio No2, Jiang Xu's Great Beijing: Drum and Bell Tower I and Chunya Zhou's Flowers were sold for $225,987 each. Marc Quinn's Under the Volcano, Soufrire Hills was sold for $209,845, and that was the last lot that went for more than $200,000.

Highs and Lows of Christie's: Asian And Western 20th Century & Contemporary Art

When we talk about exceeded expectations, Dexin Gu's work Aliens had the biggest difference between hammer price and high estimate - it was estimated at $2,906 - $4,035, and was sold for $25,827 or with whooping +540.1 percent difference. Zhou Changjiang's Complementation 992 was estimated at $9,685 - $19,370, and was sold for $96,851, or with +400 percent difference. Liang Quan's Untitled had the same estimated value as Changjiang's work, and was sold for $75,867 (+291.7 percent difference). André Brasilier's L'étang le soir was sold for $193,703, or with +144.9 percent difference, Li Jin's Two Butterflies changed hands for $799,024 (+125 percent difference), and Peng Wei's A Spring Scene (sold for $193,703) and Fan Shen's 1991-M-3 (sold for $25,827) doubled its high estimate (+100 percent difference). The only three lots that were sold under low estimate were mmentioned Tom Wesselmann's Bedroom Nude Doodle (3-D) (-8 percent difference between hammer price and low estimate), Jiang Xu's Great Beijing: Drum and Bell Tower I (-12.5 percent difference) and Shao Fan's Untitled (-13.3 percent difference). The highest estimated lots that weren't sold were Qiu Deshu's Fissuring - The Reflection of Mountain (estimated at $80,710 - $161,419), Xuan Ai's Late Winter at Zoige Plateau (estimated at $129,135 - $258,270) and Kazuo Shiraga's Untitled (more Mondrian colours) was the highest priced lot that wasn't sold (estimated at $193,703 - $290,554).

Please, scroll down to find out detailed info on every lot auctioned at Christie's Shanghai.

Christie's: Asian And Western 20th Century & Contemporary Art in Details

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Christie's Shanghai
Xiaofei Qiu - We Know Our Heavy Darkness, 2009 (Lot 119) (Courtesy of Christie's)

Christie's Shanghai
Xiao Fangkai - Scenery O Gardens Series, 1301, 2013 (Lot 152) (Courtesy of Christie's)

Christie's Shanghai
Feng Guodong - Lady In Front Of The Curtain, 1979 (Lot 131) (Courtesy of Christie's)

Christie's Shanghai
Chunya Zhou - Brotherhood, 2006 (Lot 125) (Courtesy of www.mutualart.com)

Christie's Shanghai
Baili He - Cascade, 2012-14 (Lot 137) (Courtesy of Christie's)

Christie's Shanghai
Andy Warhol - Marilyn - One Plate, 1967 (Lot 180) (Courtesy of Christie's)

Christie's Shanghai
Andy Warhol - Endangered Species, 1983 (10 wprks) (Lot 122) (Courtesy of Christie's)

Featured images:
- Jia Aili - Nameless Days 2, 2007 (Lot 118) (Courtesy of Christie's)
- Chunya Zhou - Brotherhood, 2006 (Lot 125) (Courtesy of www.mutualart.com) (detail)
- Andy Warhol - Marilyn - One Plate, 1967 (Lot 180) (Courtesy of Christie's) (detail)
- Wang Chuan - Rustic Life Amidst Rocks And Springs, 1997 (Lot 165) (Courtesy of Christie's)

Also in slider:
- Feng Guodong - Lady In Front Of The Curtain, 1979 (Lot 131) (Courtesy of Christie's) (detail)
- Marc Quinn - Under The Volcano, Soufrire Hills, 2009 (Lot 121) (Courtesy of www.mutualart.com)