The US$15m paintings
By Miral Fahmy |
April 24, 2010, Saturday
|
Print Edition
Print Edition
MING Dynasty (1368-1644) paintings by classical master Shi Tao valued at almost US$15.5 million will be auctioned next month by Christie's. It said the works will be the most valuable Chinese paintings to go under the hammer in Hong Kong.
"Landscapes Inspired by Du Fu's Poetic Sensibilities" is an album of eight ink and color works on paper and is among a group of more than 400 rare Chinese paintings and calligraphy works valued at a total of more than US$45 million to be offered at Christie's Hong Kong spring sale on May 28.
Christie's and rival Sotheby's have both expressed quiet optimism about the Chinese art market despite the fact that most of the world is still recovering from the financial crisis.
The auction houses say a shrinking supply of top artwork and consistently strong demand for exceptional and rare items, especially from wealthy Chinese, was driving valuations higher.
Shi Tao was one of the most influential painters of his time and had a major impact on subsequent ink and brush artists.
"Landscapes Inspired by Du Fu's Poetic Sensibilities" is an album of eight ink and color works on paper and is among a group of more than 400 rare Chinese paintings and calligraphy works valued at a total of more than US$45 million to be offered at Christie's Hong Kong spring sale on May 28.
Christie's and rival Sotheby's have both expressed quiet optimism about the Chinese art market despite the fact that most of the world is still recovering from the financial crisis.
The auction houses say a shrinking supply of top artwork and consistently strong demand for exceptional and rare items, especially from wealthy Chinese, was driving valuations higher.
Shi Tao was one of the most influential painters of his time and had a major impact on subsequent ink and brush artists.
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