Download the HENI News app

Chinese billionaires’ attempt to trim art collection ends in a surprise flop at Sotheby’s Hong Kong

Chinese billionaires’ attempt to trim art collection ends in a surprise flop at Sotheby’s Hong Kong

South China Morning Post · 06 Oct, 2023 @ 05:28

“The Long Journey” sale, named after Liu Yiqian and Wang Wei’s chain of three Long Museums in Shanghai and Chongqing, sold only 28 of the 39 paintings on offer for a total haul of $58m during Sotheby’s annual autumn auction, 24 per cent less than the conservative estimate, excluding fees.

Related Articles
Industrial soul
Industrial soul

Photography by Alessandra Pulga.

Artistic Unity: Art in the UAE: Interview with Lawrie Shabibi Gallery's William Lawrie • SELECTIONS ARTS MAGAZINE
Artistic Unity: Art in the UAE: Interview with Lawrie Shabibi Gallery's William Lawrie • SELECTIONS ARTS MAGAZINE

Through insightful interviews with galleries, art institutions, and auction houses, a vivid mosaic emerged, depicting how unity has been woven into the fabric of the art scene.

INK: 75 Years of Print Comes to Fort Lauderdale
INK: 75 Years of Print Comes to Fort Lauderdale

Each artwork in “INK: 75 Years of Prints” offers a rare spectrum of styles and techniques and embodies a unique narrative that is both culturally poignant and artistically significant.” — Lisa Burgess

Top 5 Art Exhibitions to see this Summer
Top 5 Art Exhibitions to see this Summer

Tabish Khan the @LondonArtCritic picks his Top 5 Art Exhibitions to see this Summer.

Review: "Terrell James: Time and Tides"
Review: "Terrell James: Time and Tides"

Michael Flanagan explores poetic landscapes and organic forms on view in "Terrell James: Time and Tides" at Hiram Butler Gallery in Houston.

'Oro Tenebris' by Zad Moultaka at Galerie Tanit Beirut • SELECTIONS ARTS MAGAZINE
'Oro Tenebris' by Zad Moultaka at Galerie Tanit Beirut • SELECTIONS ARTS MAGAZINE

At Galerie Tanit Beirut a solo exhibition titled "Oro Tenebris" by Zad Moultaka takes place from April 25 to June 20, 2024.

Salcedo expands global reach with Junyee exhibit in Taipei
Salcedo expands global reach with Junyee exhibit in Taipei

Still ecstatic from record after record being set, most notably the Anita Magsaysay-Ho egg tempera that sold at a new price benchmark surpassing previous sales of the artist’s works by 300 percent, I and my son Joaquin who is starting his traineeship at Salcedo while on summer break from his college studies, made our way to Taipei for the inaugural international exhibition of Salcedo Private View, our gallery and private sale arm.