NEW YORK, NY.-
This morning at Sothebys
a record was set for a Classical Chinese painting sold in the US when Bada Shanrens "Two Mynas on a Rock" from 1692 sold for $2,994,500 many multiples of the $400/600,000 estimate, at the Fine Chinese Ceramics and Works of Art auction.
Henry Howard-Sneyd, Vice Chairman, Asian Art at Sothebys said: The price of nearly $3 million is a reflection of the compelling beauty of Bada Shanrens "Two Mynas on a Rock". We are thrilled to have set a record for a Classical Chinese painting sold in the US for this masterful depiction of two birds that has not appeared on the market for over 25 years. The stunning success of this and other paintings sold this morning again demonstrates the appetite for fresh to the market works priced conservatively.
"Two Mynas on a Rock" led the largest and most important selection of Classical Chinese painting offered at Sothebys New York for many years. Several of these paintings achieved superb prices including, Scholar by Zhang Daqian, which has not been offered at auction for over 50 years which sold for $902,500 (est. $120/180,000) and an Album Of Figures And Accompanying Calligraphy by Zhang Daqian (Chang Dai-Chien, 1899-1983) And Pu Ru (1896-1963) which sold for over 10 times the high estimate when it fetched $662,500 (est. $40/60,000). A new record for Chinese calligraphy sold in the US was also set when Calligraphy in Xing Shu (Running Script) After Zhong Yao's "Zhang Le Tie" also by Bada Shanren sold for $482,500 (est. $100/150,000).
After the first session the auction had brought $9,636,813, already exceeding the pre-sale high estimate by nearly $2 million.