[2024 Spring Auction] The total transaction of international modern and contemporary art auctions reached nearly 100 million yuan. The second phase of Hangzhou auctions saw positive sales of small works by young artists

12 Jul 2024, 15:05

The 2024 Spring Auction will be held in two phases in Beijing and Hangzhou, with special auctions focusing on modern and contemporary art and Chinese calligraphy and painting presented in the two cities.The total transaction volume of the modern and contemporary art sector was 99.0103 million yuanThis article brings you a special report on the second phase of “Contemporary Art” in Hangzhou and a review of the wonderful items in the first phase of auction in Beijing.

The first phase of the spring auction, focusing on "Modern and Contemporary Art", will be held in 2024.May 10, 19:30The auction was held as scheduled at the Bulgari Hotel in Beijing. As the first auction of the 2024 Beijing Spring Auction, it is also the first stage of the International Spring Auction.There were 91 lots in this auction, with a total transaction amount of 89.731 million yuan and a total transaction rate of 96%, of which 42% of the lots were sold above the estimated price and 53% of the lots were sold within the estimated price.Zao Wou-Ki's "19.10.2001" was sold for 8.395 million yuan, which was also the most competitive work and became the highest-priced work in this auction.

Shooting at the Hangzhou exhibition

On July 12, 2024, Kaipai International and Zhejiang Nanbei Auction jointly held the second phase of the spring auction with "Chinese Calligraphy and Painting" as the core. Among them, the "Contemporary Art" special session had a total of 70 lots, with a total transaction amount of 9.2793 million yuan and a total transaction rate of 80%.Huang Yuxing's "Pine Trees on the Stone Forest" was sold for 897,000 yuan, becoming the highest-priced painting in this auction.

Thismodern Art"In the auction, Kaipai International carefully selected works that are not only reasonably priced, but also demonstrate the rich diversity and infinite vitality of modern and contemporary art, and provide valuable reference value for the future development of the art market.

Second phase of Hangzhou auction site and transaction report

new record:
Many artists including Fu Meijun and Sun Daliang set new personal records;
Liu Weijian, Wang Yilong and many other artists set new records for the second highest price for an artist;
Zhao Yang, Ren Jing and many other artists set new records for the third highest price for an artist;
TOP1 of this transaction:

Huang Yuxing's "Pine Trees on the Stone Forest" was sold for 780,000 yuan, including commission of 897,000 yuan.

「929」
Huang Yuxing
Pine Trees On The Stone Forest, 2019
Acrylic Canvas | 65 x 45 cm
Estimate CNY 700,000 - 900,000
Estimate USD 96,464 - 124,026
Price CNY 897,000
Price USD 123,591
12 Jul 2024 Cuppar Auction Hangzhou

Huang Yuxing has repeatedly expressed his obsession with landscape painting. In an interview, he said, "I have had a landscape dream since I was a child. I am a Chinese painter. Painting mountains and water is our Chinese tradition." In addition to integrating the contemporary interpretation of traditional Chinese fine brushwork in terms of technique, he also fully reflects the influence of traditional culture on him in terms of subject matter.

The theme of "pine trees" has appeared frequently in Huang Yuxing's works since 2015. He has painted European-style pine trees, but finally chose Eastern, Chinese pine trees. The artist said that the pine trees in his paintings "are both scenery and people, and sometimes they appear anthropomorphic or objectified. I want to make landscape paintings more lively, and with pine trees, they will have more charm."

This is exactly the case with the work “Pine Trees on the Stone Forest”. In the artist’s signature hot fluorescent colors, negative-film-like white pine trees rise from the rocks, forming a towering posture that complements the deep blue-purple night background.

TOP2 of this transaction:

Ji Xin's "Dragonfly" was sold for 500,000 yuan, plus commission of 575,000 yuan.

「901」
Ji Xin
Dragonfly, 2013
oil painting Canvas | 115 x 133 cm
Estimate CNY 500,000 - 700,000
Estimate USD 68,903 - 96,464
Price CNY 575,000
Price USD 79,225
12 Jul 2024 Cuppar Auction Hangzhou

In Ji Xin’s works, the aesthetics of traditional oriental painting and Western oil painting techniques are intertwined, presenting an examination of traditional Chinese art forms and fields, as well as his profound study of portraiture and light and shadow in Renaissance paintings.

The peaceful, serene and mysterious atmosphere of his work is not based on a response to a specific history or context, but rather on an understanding of the world and how to embed oneself in one’s surroundings.

TOP3 transactions in this session:

Zhang Enli's "Hair" was sold for 400,000 yuan, plus commission of 460,000 yuan.

「933」
Zhang Enli
Hair, 2005
oil painting Canvas | 100 x 80 cm
Estimate CNY 400,000 - 500,000
Estimate USD 55,122 - 68,903
Price CNY 460,000
Price USD 63,380
12 Jul 2024 Cuppar Auction Hangzhou

Whether depicting human life activities or everyday things, for Zhang Enli, they are all fundamentally subordinate to one goal - that is, painting itself as a life activity. The figure series and head series created in 1994 are representative works of his early period.

Around 2006, Zhang Enli painted a number of figures with large heads. These figures are basically in bust poses, but from an extremely bird’s-eye view, with the broad heads occupying more than half of the picture. These figures may be people around Zhang Enli, and the artist depicts them in the form of portraits.

Other sold lots:

In addition to the top three most expensive lots, the auction also includes many masterpieces by contemporary artists, including Qin Qi, Ni Youyu, Wang Yi, Duan Jianyu, Ouyang Chun, Li Qing, Zhu Xinjian and other artists.

「935」
Qin Qi
Avanti, 2005
oil painting Canvas | 95 x 140.5 cm
Estimate CNY 350,000 - 450,000
Estimate USD 48,232 - 62,013
Price CNY 402,500
Price USD 55,457
12 Jul 2024 Cuppar Auction Hangzhou
「939」
Ni Youyu
Voice Of History, 2018
Acrylic Canvas | 200 x 80 cm
Estimate CNY 300,000 - 400,000
Estimate USD 41,342 - 55,122
Price CNY 402,500
Price USD 55,457
12 Jul 2024 Cuppar Auction Hangzhou
「910」
Wang Yi
Mirror Mountain, 2016
oil painting Canvas | 80 x 200 cm
Estimate CNY 200,000 - 300,000
Estimate USD 27,561 - 41,342
Price CNY 368,000
Price USD 50,704
12 Jul 2024 Cuppar Auction Hangzhou
「928」
Duan Jianyu
Scenery No.9, 2007
oil painting Canvas | 110 x 140 cm
Estimate CNY 300,000 - 400,000
Estimate USD 41,342 - 55,122
Price CNY 368,000
Price USD 50,704
12 Jul 2024 Cuppar Auction Hangzhou
「926」
Ouyang Chun
Energy Bars, 2005
oil painting Canvas | 200 x 150 cm
Estimate CNY 300,000 - 400,000
Estimate USD 41,342 - 55,122
Price CNY 345,000
Price USD 47,535
12 Jul 2024 Cuppar Auction Hangzhou
「937」
Li Qing
Neighboring Window Triumph, 2016
Lacquer Metal Glass Wood oil painting | 148 x 148 cm
Estimate CNY 300,000 - 400,000
Estimate USD 41,342 - 55,122
Price CNY 345,000
Price USD 47,535
12 Jul 2024 Cuppar Auction Hangzhou
「957」
Zhu Xinjian
Beauty Picture
oil painting Canvas | 100 x 80 cm
Estimate CNY 300,000 - 400,000
Estimate USD 41,342 - 55,122
Price CNY 345,000
Price USD 47,535
12 Jul 2024 Cuppar Auction Hangzhou

Several artists set new auction records

「915」
Fu Meijun
Folded Landscape 1, 2018
Acrylic Canvas | 120 x 150 cm
Estimate CNY 100,000 - 150,000
Estimate USD 13,780 - 20,671
Price CNY 115,000
Price USD 15,845
12 Jul 2024 Cuppar Auction Hangzhou
Artist Auction Records TOP 1
12 Jul 2024 Cuppar Auction Hangzhou Refreshing Artist Auction Records
Artist Auction Records TOP 1
12 Jul 2024 Cuppar Auction Hangzhou Refreshing Artist Auction Records
Artist Auction Records TOP 1
12 Jul 2024 Cuppar Auction Hangzhou Refreshing Artist Auction Records
Artist Auction Records TOP 1
12 Jul 2024 Cuppar Auction Hangzhou Refreshing Artist Auction Records
Artist Auction Records TOP 1
12 Jul 2024 Cuppar Auction Hangzhou Refreshing Artist Auction Records
「922」
Sun Daliang
Woman, 2018
oil painting Canvas | 80 x 100 cm
Estimate CNY 80,000 - 120,000
Estimate USD 11,024 - 16,536
Price CNY 92,000
Price USD 12,676
12 Jul 2024 Cuppar Auction Hangzhou
Artist Auction Records TOP 1
12 Jul 2024 Cuppar Auction Hangzhou Refreshing Artist Auction Records

For more details on the auction items, please click on the special session

Contemporary Art
Cuppar Auction Hangzhou
12 Jul 2024, 13:00
No. 28, Hushu South Road, Gongshu District, Hangzhou JW Marriott Hotel Hangzhou Hangzhou

Review of the key lots sold in Beijing during the first phase

The moment when Zao Wou-Ki's works were sold

TOP1 of this transaction:

Zao Wou-Ki's "19.10.2001" was sold for 7.3 million yuan, including commission of 8.395 million yuan, and was won by bidder No. 8016.

「5」
Zao Wou-Ki
19.10.2001, 2001
oil painting Canvas | 130 x 162 cm
Estimate CNY 4,600,000 - 6,600,000
Estimate USD 636,465 - 913,189
Price CNY 8,395,000
Price USD 1,164,126
10 May 2024 Cuppar Auction Beijing

TOP2 of this transaction:

Pan Yuliang's "Vase of Flowers and Mandolin" was sold for 6.1 million yuan, including commission of 7.015 million yuan, and was won by bidder No. 8818.

「3」
Pan Yulin
Vase Of Flowers And Mandolin, 1944
oil painting Canvas | 54 x 63 cm
Estimate CNY 3,800,000 - 5,800,000
Estimate USD 525,775 - 802,499
Price CNY 7,015,000
Price USD 972,763
10 May 2024 Cuppar Auction Beijing

TOP3 transactions in this session:

Wu Dayu's "Colorful (Untitled 116)" was sold for 4.8 million yuan, including commission of 5.52 million yuan, and was won by No. 8892.

「13」
Wu Dayu
Colorful (Untitled 125), 1980
oil painting Canvas | 53 x 36.2 cm
Estimate CNY 4,500,000 - 6,500,000
Estimate USD 622,629 - 899,353
Price CNY 5,520,000
Price USD 765,452
10 May 2024 Cuppar Auction Beijing
「14」
Wu Dayu
End Of The World (Untitled 116), 1980
oil painting Canvas | 53 x 38.2 cm
Estimate CNY 4,500,000 - 6,500,000
Estimate USD 622,629 - 899,353
Price CNY 4,830,000
Price USD 669,771
10 May 2024 Cuppar Auction Beijing
「37」
Wang Guangle
Terrazzo 021115, 2002
oil painting Canvas | 180 x 140 cm
Estimate CNY 3,500,000 - 4,500,000
Estimate USD 484,267 - 622,629
Price CNY 4,025,000
Price USD 558,142
10 May 2024 Cuppar Auction Beijing
「18」
Yu Youhan
Abstract 2018 12-1, 2018
Acrylic Canvas | 158 x 156 cm
Estimate CNY 2,800,000 - 3,800,000
Estimate USD 387,413 - 525,775
Price CNY 3,565,000
Price USD 494,354
10 May 2024 Cuppar Auction Beijing
「92」
Ju Ting
+-052815, 2015
Acrylic Board | 223 x 183 cm
Estimate CNY 180,000 - 280,000
Estimate USD 24,905 - 38,741
Price CNY 460,000
Price USD 63,787
10 May 2024 Cuppar Auction Beijing
Artist Auction Records TOP 3
10 May 2024 Cuppar Auction Beijing Refreshing Artist Auction Records
10 May 2024 Cuppar Auction Beijing Refreshing Artist Auction Records
Artist Auction Records TOP 3
10 May 2024 Cuppar Auction Beijing Refreshing Artist Auction Records
10 May 2024 Cuppar Auction Beijing Refreshing Artist Auction Records
Artist Auction Records TOP 3
10 May 2024 Cuppar Auction Beijing Refreshing Artist Auction Records
「87」
Yan Bingqing
Finding The Superfluous, 2012
Acrylic Canvas | 120 x 150 cm
Estimate CNY 100,000 - 150,000
Estimate USD 13,836 - 20,754
Price CNY 230,000
Price USD 31,893
10 May 2024 Cuppar Auction Beijing
Artist Auction Records TOP 2
10 May 2024 Cuppar Auction Beijing Refreshing Artist Auction Records
10 May 2024 Cuppar Auction Beijing Refreshing Artist Auction Records
Artist Auction Records TOP 2
10 May 2024 Cuppar Auction Beijing Refreshing Artist Auction Records
Artist Auction Records TOP 3
10 May 2024 Cuppar Auction Beijing Refreshing Artist Auction Records
Artist Auction Records TOP 2
10 May 2024 Cuppar Auction Beijing Refreshing Artist Auction Records

For more details on the auction items, please click on the special session

Modern And Contemporary Art
Cuppar Auction Beijing
10 May 2024, 19:30
Building 2, No. 8 Xinyuan South Road, Chaoyang District, Beijing Bulgari Hotel Beijing Beijing

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