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Chinese billionaires' bid to trim art collection ends in disappointment at Sotheby's Hong Kong auction

Liu Yiqian and Wang Wei managed to only sell 28 of the 39 paintings on offer for a total of HK$455 million (US$58.1 million) 24 per cent less than the bottom estimate.

Long Museum's Sale at Sotheby's Hong Kong Brings Disappointing Results – ARTnews.com

A Sotheby's sale featuring works owned by the Long Museum, founded by Liu Yiqian and Wang Wei, largely disppointed.

Despite Setting Sales Records, the Auction of the Long Museum Founders' Collection Fell Flat at Sotheby's Hong Kong. What Went Wrong?

With many premium lots unsold, the sale total did not meet the presale expectations, even inflated by fees.

What to See in N.Y.C. Galleries in October

Want to see new art in New York this weekend? Check out “Chopped & Screwed” at White Cube on the Upper East Side or see figures by Rita and France-Lise McGurn in TriBeCa. And don’t miss Tetsuya Ishida’s finely rendered nightmares in Chelsea.

Tetsuya Ishida's Fetishes of the Alienated