Schwenke Auctioneers - Anniversary Fine Estates Auction - May 22

Qi Baishi painting soars to record $65m at Chinese auction

  • May 23, 2011 12:27

  • Email
Qi Bashi's work sold for a record $65 million at Guardian Auctions in Beijing.

An ink wash painting by Qi Baishi (1864-1957) set an auction record of 425 million yuan (US$65.4 million) for Chinese art at the Guardian Spring Auction in Beijing on Sunday night. The sale totaled 1 billion yuan (US$649 million).

"A Long Life, A Peaceful World," depicting an eagle on a pine branch, was presented by the artist to military and political leader Chiang Kai-shek for his 60th birthday.

Measuring 100 by 266 centimetres (three by 8.5 feet), the 1940s painting, flanked by two calligraphy scrolls, secured the second highest price paid for art in mainland China. More than a year ago, an 11th c. calligraphy scroll by Song Dynasty master Huang Tingjian sold for 436.8m ($64m) yuan at China's Poly Auctions.

The starting bid was 88 million yuan (US$13.54 million) with the price realized after an intense 50 rounds of bidding over 30 minutes.

Qi Bashi was a prolific, largely self-taught 20th c. artist whose work is highly sought-after in China's booming art market.

According to Artprice, China topped the list in global auction sales last year with 33 percent of art sold.

Read more at China


  • Email

More News Feed Headlines

Mark Rothko’s Untitled, 1960, sold for $50.1 million.

A Bacon and SFMOMA's Rothko Boost Sotheby's $341.9 Million Contemporary Art Sale

  • ARTnews / May 19th, 2019

Sotheby’s Contemporary Art Evening Auction wrapped in New York with a total of $341.9 million, with a ...

Read More...
Courtyard of the Louvre, with I.M.  Pei's Pyramid.

I.M. Pei, Renowned Architect of Louvre Pyramid, Remembered

  • NPR / May 16th, 2019

Modernist architect I.M. Pei, known for iconic structures from the Louvre Pyramid to Cleveland's Rock & Roll Hall ...

Read More...
Paul Gauguin, Nafea Faa Ipoipo? (When Will You Marry?), 1892, oil on canvas.

Simon de Pury Wins Legal Dispute With Friend Over Commission in 'Handshake' Deal for Gauguin

  • ArtNews / May 16th, 2019

Former Sotheby’s Europe chairman Simon de Pury has won a legal battle with his childhood friend over the sale of one ...

Read More...
Jeff Koons, Rabbit

Jeff Koons 'Rabbit' Fetches a Living Artist Record of $91 Million

  • CNN / May 15th, 2019

A stainless steel rabbit sculpture by Jeff Koons became the priciest work ever sold by a living artist at auction on ...

Read More...

ARTFIXdaily Artwire