Chinese Artist Dethrones Picasso as Top Auction Earner

  • January 12, 2012 10:35

  • Email
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.

Read more at Bloomberg via San Francisco Chronicle


  • Email

More News Feed Headlines

Carl Moll’s White Interior (Lot 56) sold for $4,756,000.

A Record-Breaking $4.75 Million Carl Moll Painting Tops Freeman's Best-Ever Fine Art Sale

  • ArtfixDaily / February 24th, 2021

Philadelphia-based Freeman’s announced the results of its February 23 European Art & Old Masters auction,which ...

Read More...
Rothko Chapel interior and new skylight.  © Elizabeth Felicella.  Courtesy Rothko Chapel.

50th Anniversary Of The Newly-Restored Rothko Chapel Calls For Contemplation

  • ArtfixDaily / February 23rd, 2021

The light-dappled peace of the Rothko Chapel, a non-demonitional sanctuary in Houston, resonates today as it did 50 ...

Read More...
Edvard Munch’s “The Scream.” National Museum of Norway.

Mystery Of 'Madman' Message Unraveled In Munch's 'The Scream'

  • CNN / February 22nd, 2021

Edvard Munch's The Scream, one of the most well-known artworks in the world, includes a long-held mystery in a faint ...

Read More...
Grand Hyatt Tokyo.  ©︎2021 Takashi Murakami/Kaikai Kiki Co., Ltd.  All Rights Reserved.

From Winning Face Masks to Tea Time and a Tokyo Hotel Room, Artist Takashi Murakami Branches Out in Design

  • ArtfixDaily / February 22nd, 2021

Takashi Murakami's production studio Kaikai Kiki has long collaborated with brands from Louis Vuitton to Uniqlo, and ...

Read More...

Related Press Releases

ARTFIXdaily Artwire