Summary of 2023 Spring Auctions | Zhang Enli Case Study Portraits and Abstract Paintings Become Two Pillar Series in the Beijing and Hong Kong Markets

3 Aug 2023, 09:45

Zhang Enli, born in Jilin Province in 1965 and currently based in Shanghai, is the first Chinese artist signed by Hauser & Wirth. In his artistic career spanning more than 30 years, Zhang Enli is good at using brushes to defamiliarize objects and scenes that people turn a blind eye to, which makes him unique in the Chinese contemporary art scene. In the first half of 2023, Zhang Enli ranked 103rd in the "2023 Global Artist List" with a total turnover of 36.05 million yuan.

Description:
2023 Global Artist List: Ranked according to the total auction turnover of global artists this year.

1965 -

Three recent characteristics of Zhang Enli’s market

  1. Early portraits are most popular in the market, with high prices and high prices, abstract period The works have the largest number of auctions. The early portrait series are the most popular in the market due to their rarity and strong artist features. Among the top ten most expensive works by Zhang Enli, early portraits accounted for 7 works.
  2. More than 55% of the lots sold were higher than the high estimate price, and the turnover rate of works in different periods was 83% and above, or even 100%. It can be seen that Zhang Enli's works in each period are There is a strong market demand, and the works have a broad social foundation.
  3. In the Beijing and Hong Kong markets, the auction volume of Zhang Enli's works is almost evenly divided, but the total turnover of the Beijing market is twice that of Hong Kong. It can be seen that mainland collectors have strong strength and strong demand for Chinese local contemporary art. From the perspective of auction houses, 53% of Zhang Enli's market share comes from China Guardian and Christie's Hong Kong. In 2022, Zhang Enli's auctions in China Guardian and Hong Kong Christie's respectively exceeded 90 million yuan. It makes the artist's secondary market in the Mainland and Hong Kong more stable and deeper.
2022-2023 Top 10 Spring Auctions by Zhang Enli


1. 2022-2023 Overall Market Transactions Situation
 

In the spring auction of 2022-2023, Zhang Enli auctioned a total of 49 items, with a turnover rate of 93.9%, and a total turnover of nearly 117 million yuan. It is worthy of attention Yes, Zhang Enli's personal transaction TOP1 and TOP2 are both auctioned in 2022.

The following is Zhang Enli's market observation in four dimensions: the auction transaction situation, ranking, work distribution, and the most expensive works of the year in the past two years.

1) Market transactions

  • In 2022, Zhang Enli will auction 33 items, The turnover rate was 91%, with a total turnover of 80.67 million yuan
  • In the spring auction of 2023, Zhang Enli auctioned 16 items, with a 100% turnover rate and a total turnover of 36.05 million yuan

2) Ranking

  • In 2022, Zhang Enli will be ranked TOP165 in the "2022 Global Artist List".
  • In the spring auction of 2023, Zhang Enli ranked TOP103 in the "2023 Global Artist List".

Description:
2023 Global Artist List: Ranked according to the total auction turnover of global artists this year.

3) Price distribution of sold works

  • There is 1 million-level lot, and "Feast No. 4" is 17.25 million yuan
  • There are 35 million-level lots, of which 2 are more than 5 million yuan, and 10 are between 3-5 million yuan , 23 items between 1 million and 3 million yuan
  • There are 10 auction items between 1 million and more than 100,000 yuan

4) The annual most Expensive works

Most expensive works in 2022

The most expensive work in spring auction in 2023


II. Transactions of works in different periods 
 

Zhang Enli’s works can be roughly divided into three periods, early portraits (1995-2002), object space and traces (2010-2010), abstract period (2010 In the three phases (year-present), more than 55% of all the works put up for auction were sold above the high estimate price, which shows that Zhang Enli's works have a strong market demand and often lead to fierce bidding in the auction field.

The following are the characteristics of Zhang Enli's works in the three periods, the transaction situation, the most expensive lot and the distribution of works at different prices.

1. Early portraits

Inspired by German Expressionism in the 1990s, Zhang Enli’s portraits began with urban men and women in Shanghai, and from the phenomena of all living beings in society Behind the refraction is the spiritual trend of people in the period of social transformation.

「53」
Zhang Enli
Maidens, 1999
Oil Canvas | 每件: 147.5 x 107 cm. (58 1⁄8 x 42 1⁄8 in.) (3) 整体: 147.5 x 321 cm. (58 1⁄8 x 126 3⁄8 in.)
Estimate HKD 6,500,000 - 9,000,000
Estimate USD 828,132 - 1,146,645
Price HKD 10,050,000
Price USD 1,280,420
26 May 2022 Christie's Hong Kong
Artist Auction Records TOP 2
26 May 2022 Christie's Hong Kong Refreshing Artist Auction Records
Artist Auction Records TOP 2
26 May 2022 Christie's Hong Kong Refreshing Artist Auction Records
Artist Auction Records TOP 2
26 May 2022 Christie's Hong Kong Refreshing Artist Auction Records
Artist Auction Records TOP 2
26 May 2022 Christie's Hong Kong Refreshing Artist Auction Records
Artist Auction Records TOP 2
26 May 2022 Christie's Hong Kong Refreshing Artist Auction Records

In the spring of 2022-2023, 12 pieces of early portraits will be auctioned, with a turnover rate of 83% and a total turnover of 45.85 million yuan , accounting for 39% of the total turnover.

The most expensive work of this period, "Feast No. 4", was sold at China Guardian Beijing for 17.25 million yuan.

Distribution of early portrait works

  • 1 million-level lot
  • Million-level works 6 pieces
  • 3 pieces of more than 100,000 yuan - less than 1 million yuan
  • Two pieces were unsold

2. Container, space With traces

From 2000 to 2010, Zhang Enli experienced three stages of changes. After 2000, Zhang Enli owned his own art studio, and the language of painting changed, turning to discuss the visual presentation of daily objects and spaces. After 2005, he gradually shifted from observing the state of others to inner self-examination, depicting more calm and calm daily objects. In 2007, Zhang Enli's portrait moved from "container" to space.

「1739」
Zhang Enli
Art Exhibition, 2008
oil painting Canvas | 250 x 200 cm
Estimate CNY 2,000,000 - 3,000,000
Estimate USD 298,742 - 448,113
Price CNY 4,715,000
Price USD 704,284
28 Jun 2022 China Guardian Beijing

In the spring of 2022-2023, there will be 15 pieces of works in the container, space and trace series, with a turnover rate of 93%, and a turnover rate of A total of 22.09 million yuan, accounting for 19% of the total turnover.

The most expensive work of the container, space and trace period "Painting Exhibition" China Guardian Beijing sold for 4.715 million yuan.

There were no tens of millions of transactions during the container, space and trace period, and the other main distributions were

  • Million-level works 10
  • 4 lots of more than 100,000 - less than 1 million
  • 1 unsold

3. Abstract period

After 2010, Zhang Enli began to explore abstract creation. Compared with the dark tones of the early period, his pictures at this time are more transparent, and the colors become lighter and thinner. Zhang Enli focuses on using pure color blocks, lines, and shapes to depict the traces of daily objects and the trajectory of daily activities, showing his abstract understanding of the inner and outer environments of individuals.

「8320」
Zhang Enli
Green Wire, 2012
oil painting Canvas | 230 x 280 cm
Estimate CNY 2,200,000 - 3,800,000
Estimate USD 326,728 - 564,349
Price CNY 4,600,000
Price USD 683,159
28 Jul 2022 Holly's International Beijing

In the spring of 2022-2023, 22 works from the Abstract Period will be auctioned, with a turnover rate of 100% and a total turnover of 48.79 million yuan , accounting for 42% of the total turnover.

The most expensive work "Box" in the abstract period was sold at China Guardian Beijing for 5.06 million yuan.

There were no tens of millions of transactions in the abstract period, and the other main distributions were

  • 19 million-level lots
  • 100,000-less than 1 million lots 3 pieces


Third, 2022-2023 Beijing is the main transaction place in China China Guardian and Christie's Hong Kong market shares go hand in hand
 

In the primary market, according to statistics, Zhang Enli participated in nearly 200 exhibitions, covering China, Germany, and the United States , the United Kingdom and many other countries around the world, the works have a wide range of social awareness. In the secondary market, Zhang Enli first appeared in the public auction market in 2008. After 15 years of ups and downs in the auction market, the academic value of Zhang Enli's works has gradually been sorted out and recognized.

The following is an analysis from the two dimensions of Zhang Enli's transactions in different cities and different auction houses.

「1772」
Zhang Enli
Wave, 2015
oil painting Canvas | 300 x 400 cm
Estimate CNY 3,800,000 - 4,800,000
Estimate USD 530,506 - 670,113
Price CNY 4,370,000
Price USD 610,082
13 Jun 2023 China Guardian Beijing

Judging from the transactions in the past two years, in the Beijing and Hong Kong markets, The auction volume of Zhang Enli's works is almost at the same level, but the total turnover of the Beijing market is twice that of Hong Kong. It can be seen that there is an increasingly academic atmosphere in the mainland in terms of cultivating the locality of Chinese contemporary art. Mainland collectors have a strong demand for the works of outstanding Chinese contemporary artists and have the strength to collect them.

「2031」
Zhang Enli
Kiss, 2000
oil painting Canvas | 147 x 147 cm
Estimate CNY 2,600,000 - 3,600,000
Estimate USD 380,361 - 526,654
Price CNY 4,140,000
Price USD 605,653
22 Feb 2023 Yongle Auction & Phillips Beijing
  • 26 auctions in Beijing, turnover rate 88%, with a total turnover of 75.52 million yuan, accounting for 65%
  • 22 auctions in Hong Kong, a turnover rate of 95%, a total turnover of 38.18 million yuan, accounting for 33%
  • Shanghai One piece was auctioned, the turnover rate was 100%, and the total turnover was 3.02 million yuan, accounting for 2%

In the past two years, various auction houses have been actively auctioning Zhang Enli's works, among whichChristie's Hong Kong has the largest number of auctions. Zhang Enli’s main transactions were in China Guardian and Christie’s Hong Kong auction houses, and the “Feast No. 4” auctioned by China Guardian was Zhang Enli’s first tens of millions of auctions in mainland China, which also refreshed the artist’s auction Record; "Girl" auctioned by Christie's Hong Kong is Zhang Enli's first auction in Hong Kong worth tens of millions, breaking the artist's second highest price. These two auctions worth more than 10 million yuan have established the artist's position in the mainland and Hong Kong markets, and have established a firm foothold in the secondary market.

  • 9 pieces were auctioned by China Guardian, with a total turnover of 33.327 million yuan, accounting for 28.5%
  • 11 auctioned by Christie’s
  • 7 international auctions started, with a total turnover of 13.524 million yuan, accounting for 11.6%
  • 5 poly auctions, with a total turnover of 13.3615 10,000 yuan, accounting for 11.4%
  • 4 pieces were auctioned at Yongle Auction, with a total turnover of 8.142 million yuan, accounting for 7%

 

 

Kai Aiu International became Zhang Enli's third major auction house with a total turnover of 13.524 million yuan. When talking about Zhang Enli's case, Xie Yang, co-founder and managing director of Kaipai International said, "I hope that contemporary people can have a small space to stabilize our inner core and discover our inner self A true love for artworks. In this spring auction, we did the case of Mr. Zhang Enli "Zhang Enli: From "things" to "things", his art is like this, quietly creating the necessary conditions, so that Allows us to stop and contemplate something different from what we encounter in our daily lives. I hope that in the era of fast transactions, cases can give everyone a chance to slowly interpret an artist or a certain work. Although this is an idealistic thing, we will continue to work hard to continue the project of cases. ”

「107」
Zhang Enli
Untitled, 1995
Oil Linen | 169 x 139 cm
Estimate HKD 2,200,000 - 3,200,000
Estimate USD 280,706 - 408,300
Price HKD 4,158,000
Price USD 530,535
28 May 2023 Christie's Hong Kong

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