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China Guardian Opens 2010 Quarterly Auction with Record-Breaking Turnover of 260 Million Yuan
2013-12-13

On March 22, China Guardian’s 21st Quarterly Auction in Beijing came to a successful conclusion with an extraordinary 260 Million RMB total earnings. In all three categories––Painting and Calligraphy, Porcelain and Works of Art, and Rare Books and Manuscripts––new highs exceeded past records. Traditional Chinese paintings and calligraphy earned a staggering 185 million RMB, with Zhu Da’s “Goshawk” earning over 31 million RMB taking the top prize. Modern Chinese artist Zhang Daqian’s “Remembering Jiangnan” came in second earning nearly 23 million RMB––ten times its estimate. Porcelain and Works of Art achieved nearly 46 million RMB in total earnings. In this category, a highly sought-after white jade scepter from the Qianlong period was auctioned for an impressive 3.6 million RMB. China Guardian’s 21st Quarterly Auction also featured Chinese furniture for the first time. The art market’s enthusiasm for furniture is clear resulting in the 87% turnover in this category. It has been reported that Chinese furniture will become a regular feature at China Guardian Quarterly Auctions in the near future. Among the 28 million RMB earnings in Rare Books and Manuscripts, highlights include two exceptionally rare texts of the Ming and Tang dynasties that changed hands for roughly 1.9 million RMB and 1.7 RMB respectively.

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