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Sotheby s Hong Kong Spring Series Modern and Contemporary Art achieve US$198 8m

On the heels of the strong results for the Modern and Contemporary Evening sales on 27 April, the offerings from the Day Sales saw continued competiti

Christie s to offer Xu Beihong painting for £41m—highest estimate put on an Asian work by a Western auction house

Xu Beihong s Slave and Lion (1924) Courtesy of Christie s Christie s will offer an early oil painting by the 20th-century Chinese Realist artist Xu Beihong with a price tag of £32m to £41m, the highest estimate placed on an Asian work of art by a Western auction house. Slave and Lion (1924) will be presented in a single lot sale, immediately after Christie s 20th and 21st century Evening Sale in Hong Kong on 24 May. The most expensive Asian work sold by Christie s currently stands at £41m for Wood and Rock, an 11th-century handscroll by the Chinese calligrapher Su Shi. However, the Xu work will need to surpass its high estimate to beat the record holder for an Asian work sold by a Western house a ten-metre oil painting by the late Chinese-French artist Zao Wou-ki that made £46.4m at Sotheby s in Hong Kong in 2018.

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