Art auction sale hits $32 mln in Zhejiang
www.chinaview.cn 2005-12-19 18:54:25

HANGZHOU, Dec. 19 (Xinhuanet) -- The total sale of a large-scale
art auction, which concluded Sunday evening in Hangzhou, capital of east
China's Zhejiang province, hit 256 million yuan (32 million US dollars),
breaking the art auction record in the province, according to the
auction organizer.

About 85 percent of the 1,433 pieces at the auction were sold out
at the two-day event, said Hu Xilin, an official with the Hangzhou-based
Xiling Seal-Engraving Society Auction Co. Ltd., the event's organizer.

Xiling hosted its first art auction in July, with 1,183 pieces sold
and a sales volume of 196 million yuan (24 million US dollars).

At the Sunday auction, an ancient silk hand scroll, dating back to
the North Song Dynasty (960-1127), fetched 7.48 million yuan (935,000
dollars), the highest price in the auction. The colored ink piece is a
combination of figure and calligraphy depicting a Buddhist tale.

Founded in December 2004, the Xiling auction firm is a subsidiary
of the centennial-old Xiling Seal-Engraving Society, a famous
Hangzhou-based academic group that specializes in seal-engraving, a
traditional Chinese art.

Double-digit economic growth in China has fuelled a thriving
auction market. The country now has more than 100 million individual
collectors.

http://news.xinhuanet.com/english/2005-12/19/content_3942743.htm

 

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with kind regards,

Matthias Arnold
(Art-Eastasia list)

http://www.chinaresource.org
http://www.fluktor.de

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