Chaogang's Blossoming Plum Tree auctions for $58,500



2015-06-26 13:24:59

Chaogang's Blossoming Plum Tree auctions for $58,500

Wang Chaogang's Blossoming Plum Tree exceeds pre-sale estimate by 106%

Blossoming Plum Tree by Wang Chaogang was one of the surprise highlights of Blue and Yellow: Swift Transitions of Self, a sale of Chinese contemporary art held atthe Mall Galleries in London byDreweatts & Bloomsbury Auctions.

The oil over acrylic painting outpaced its 18,000 ($37,161) high estimate to make 37,200 ($58,292) at the auction on September 7 - an increase in value of 106%. Chaogang is an established Chinese artist and deputy director of oil painting at the Sichuan Fine Arts Institute.

Wang Chaogang Blossom Blossoming Plum Tree dates from 2012

Other high performing lots included Zang Chunji's collection of four works: Quingyuan Temple, River Pool, Golden Lotus and Golden Willows. The collection also outstripped its 18,000 ($28,161) high estimate to achieve 37,200 ($58,292).

The auction alsoincluded Fang Zunru's Unseen Scenery I and IV, which sold for 16,120 ($25,271)and 17,980 ($28,189), respectively. Her Invisible Landscape series has gained wide recognition in her homeland.

This was the first time many of the artists featured had exhibited outside of China, and provided an excellent opportunity for Western collectors to gauge demand for the work of emergent Chinese artists.

John Deston, gallery manager of the Mall Galleries, commented prior to the sale: "These works show a level of dedication to technique and draughtsmanship that the Federation of British Artists is thrilled to see."

The collection performed impressively,with the vast majority of pieces selling above estimate. China has one of the world's largest contemporary art markets, and this sale indicates that interest among collectors is high.

We have this autographed postcard of an original drawing of a shark by Damien Hirst for sale at 3,950 ($6,189).

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