Home > Appraisal/Auctions, Asian Art, Chinese, International, Painting > CHINESE ART PURCHASING SOFTENING???

CHINESE ART PURCHASING SOFTENING???

Reuters reported on Sotheby’s Hong Kong sales that demand for classical Chinese paintings remained strong.  A Qi Baishi ink painting “Rabbits and Osmanthus”, sold for $ 796,224, five times the estimate. 

The Asian Contemporary Art sales in Hong Kong saw around a fifth of works unsold. The sale of classical paintings had only around 5 percent of lots unsold. Mainland Chinese buyers dominated…..
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