Wednesday 5 May 2021
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asiaone - 15 days ago

Christie s to auction highest-estimated Asian artwork in Hong Kong

Auction house Christie s unveiled on Monday (April 19)  what it called the highest-estimated Asian artwork to ever go under the hammer, a Xu Beihong painting called Slave and Lion, which it expects to fetch between $45 million (S$60 million) and $58 million. The 1924-dated painting by Xu, who is regarded as one of the most important figures of Chinese realism, will go on public preview in Beijing and Shanghai this month before being auctioned in Hong Kong on May 24. The painting was sold in the global financial hub in 2006 at Christie s for HK$53.9 million ($17.3 million), a record at the time for a Chinese oil painting. ALSO READ: Singapore art up for auction at Christie s sale in Hong Kong The market at the very top is very (there is) a lot of demand, extremely driven by rarity, which is exactly what this work is about, Christie s Asia Pacific President Francis Belin said. The story behind the painting is rooted in Roman mythology, according to Christie s presentation.


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