Archive for December, 2014

22
Dec
14

“Horse” Trots Off With Top Spot in Michaan’s Multimillion Asian Auction

Michaan’s December Fine Asian Works of Art auction closed 2014 with a sale realizing over $2 million USD. Artworks from the private family collection of a prominent Kuomintang government statesman dazzled at auction with a lengthy list of successes. A leading lot presented from the estate collection was 8399, Zhang Daqian’s hanging scroll titled “Horse” ($50,000-70,000). The painting was commissioned for the statesman’s daughter, who expressed a fondness for equestrian activities. The depiction of a lone horse was an unusual image for Daqian, leaving the scroll an extremely rare piece from the artist. Bidders took heated notice of the offering, pushing the price realized to a hefty $236,000, well over 3 times the high estimation. Asian Art Specialist Mr. Harry Huang noted, “The combination of rarity, an artist of Daqian’s stature and an esteemed provenance proved to be a commanding one. As a result, we saw the market respond as positively as it did.”

Zhang Daqian's "Horse" realizes $236,000 ($50,000-70,000).

Zhang Daqian’s “Horse” realizes $236,000 ($50,000-70,000).

 

Another top price achieved from the statesman selection was in the hanging Daqian scroll “Prunus and Bamboo” which sold for $177,000 (lot 8400, $100,000-150,000). Eleven additional artwork lots from the statesman auction grouping generously surpassed projections as well, raking in a cumulative price realized of $385,270 (lots 8391, 8392, 8393, 8396, 8397, 8398, 8401, 8402, 8409, 8413, 8415).

Zhang Daqian's "Prunus and Bamboo" realizes a price of $177,00 ($100,000-150,000).

Zhang Daqian’s “Prunus and Bamboo” realizes a price of $177,00 ($100,000-150,000).

 

For complete results of Michaan’s December 2014 Fine Asian Works of Art auction, please click here.  Michaan’s Auctions is located at 2751 Todd Street, Alameda, CA 94501.