Chinese Artist Dethrones Picasso as Top Auction Earner

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

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

Sales of works by Picasso have ranked the modern master as the world auction market's leading earner for most years since 1997, and until 2011. Chinese artist Zhang Daqian (1899-1983) now claims the top slot, according to French research company Artprice.

Zhang generated $506.7 million in aggregated auction revenue in 2011, followed by Qi Baishi (1864-1957) with $445.1 million, making Chinese artists the top two auction earners.

Third place went to Andy Warhol with $324.8 million in total sales. Picasso is now fourth totaling $311.6 million in 2011, reports Artprice which tracks auction data.

Zhang's 1947 "Lotus and Mandarin ducks" brought HK$191 million ($24.5 million) at Sotheby's in Hong Kong in May 2011, a record for the artist.

The highest price paid for an artwork at auction last year was Qi's ink painting "Eagle Standing on Pine Tree; Four-Character Couplet in Seal Script" which fetched 425.5 million yuan ($65.5 million) at China Guardian Auctions Co. in Beijing in May 2011.

More News Feed Headlines

Southern California Coast by George Symons (1861-1930) Oil on canvas – 40 x 50 inches.  The Irvine Museum Collection at the University of California, Irvine

ARTFIXdaily Closed March 18 to 22

  • March 17, 2019 22:17

ARTFIXdaily is closed this week for maintenance. E-newsletter service will resume on March 25. ...

Read More

University of Arizona Museum of Art in Tuscon will once again display de Kooning's Woman-Ochre after a restoration and exhibit at the Getty.  The painting was stolen in 1985, and found in 2017 at an estate sale.

This Week: A Stolen-Found De Kooning Resurfaces, and Police Fool Thieves With Fake Brueghel

  • March 14, 2019 12:23

Willem de Kooning's 'Woman-Ochre,' recently rediscovered in an estate sale after being stolen ...

Read More

Silicon Valley Plans to Erect a Monument to Itself

  • March 11, 2019 22:24

Silicon Valley has a new initiative underway for a landmark that speaks to the tech hub's ...

Read More

Will Barnet, Self-Portrait, 1981, was part of the exhibition "Will Barnet at 100" – the artist’s first New York museum retrospective – at the National Academy Museum on Sept.  16-Dec.  31, 2011.  Barnet received a 2011 National Medal of Arts on Feb.  13, 2012

Another Year Passes Without National Medal of Arts Awards

  • March 05, 2019 22:18

The White House's prestigious annual recognition of American artists, the National Medal of Arts ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

 

ArtfixDaily Artwire