PRESS RELEASE

Modern and Contemporary Chinese Art Auctions Introduction

2008-04-09 16:22:41

Beijing Poly 2008 spring auction will be held in Beijing at the end of May, modern and contemporary Chinese art department have acquired lots of fine paintings for this auction. As a leading auction house in the current seething modern and contemporary Chinese art market, the goal of Beijing Poly international auction (Poly auction) is ¡°acquiring fine art works at reasonable price¡± for auction participators. Although this goal would make Poly auction missing many opportunities to consign some great and expensive art works and result short-term loss, this could provide enough space for value rising for buyers so that it will increase turnover rate of art works and ignore price bubble. This could help modern and contemporary Chinese art market developing more healthily in the long term. This goal shows Poly auction¡¯s strong intention to transform itself from new comer in auction market to a mature hundred-year auction house in the future. Beijing Poly 2008 modern and contemporary Chinese art evening sale The successful launchings of Evening Sales have well spread Poly auction¡¯s awareness all over the world. In order to continue the strength of Poly auction¡¯s evening sale, Poly auction innovates its 2008 spring evening sale by putting its emphases on both quality and academic value of art works. In order to commemorate those celebrated Chinese artists and their tremendous achievements made in recent a hundred years, Poly auction will launch the ¡°domestic and abroad ¨C exhibition of Chinese artists in a hundred years¡± at Poly art museum from April 25 to May 2nd. There will be representative paintings, by famous artists from both domestic and abroad, exhibiting, and their academic attainments and investment values have been examined by specialists. The following shows some art works from this upcoming exhibition: Liu Xiaodong¡¯s representative painting ¡°Pastoral song¡± settles the leading position of Liu Xiaodong in the Chinese painting history. Poly auction will also put two huge pieces of representative paintings of Liu Xiaodong in 2008 spring auction. The works by domestic artists including Xu Beihong¡¯s ¡°Geese¡±, Jin Shangyi¡¯s ¡°Dwell upon¡±, Wu Guanzhong¡¯s important painting ¡°In memory of Hong Kong¡±, Wang Huaiqing¡¯s ¡°NORTH/SOUTH/WEST/EAST¡±, Zhang Xiaogang¡¯s ¡°Living¡±, Fang Lijun¡¯s ¡°1998.08.30¡±, Liu Ye¡¯s ¡°DER AUSFLUG(OUTING)¡±, Zeng Fanzhi¡¯s ¡°Mask¡±, Wang Guangyi¡¯s ¡°Black nous¡±, Wang Yidong¡¯s ¡°Workshop of cured tobacco in Yimeng¡± and so on. The works by abroad artists including Pan Yuliang¡¯s ¡°African woman¡±, Zao Wou-Ki¡¯s huge piece ¡°1.12.81¡±, Chu Teh-Chun¡¯s ¡°Eternal light¡±, Zhu Ming¡¯s ¡°Shadowboxing series¡±, Cai Guoqiang¡¯s ¡°DRAWING FOR SUN SHIP PROJECT¡±, Chen Yifei¡¯s ¡°Pianist¡±, Yan Peiming¡¯s ¡°Portrait¡±, Ding Shaoguang¡¯s ¡° Mother and children¡±, and works of Ding Xiongquan, Chen Yinpi, Xu Bing, Wang Yuqi and so on. Beijing Poly 2008 modern and contemporary Chinese art day sale In recent years, Korean and Japanese arts have become famous in the international contemporary art market. Poly auction always duly follow the trends in the modern and contemporary art market. Poly auction has gotten significant supports from collectors and important art institutes. Fifteen pieces of fine Korean contemporary art works will be sold in Beijing Poly 2008 modern and contemporary Chinese art day sale, including representative works of Paik Nam-June, Kim Tschang-Yeul, Park Seo-Bo, Lee U-Fan, .Lee Jung-Woong, Lee Yong-Deok, Choi So-Young, and Yih Wan-Kwon. Poly auction plans to exhibit these works in Beijing, China and Seoul, Korea. Moreover, Poly auction has built a good relationship with leading Japanese auction house, Shinwa Art Auction. Shinwa Auction will assist Poly auction to hold an auction for works of famous Japanese artists, such as Yoshitomo Nara, Yayoi Kusama, and so on. Since the good quality of the paintings and increasing awareness of works by famous Korean and Japanese artists in the international market, hammer price of each of these Korean and Japanese artworks will be probably resulted over RMB one million Yuan. Poly auction will put significant contribution in promoting contemporary arts of China, Korea, and Japan in the international art market. In addition, Poly auction plans to organize an auction for works of Western artists, such as Andy Warhol, in 2008 spring auction. The details will be confirmed at the end of April. Poly auction will put more emphasis on contemporary Chinese art in the modern and contemporary Chinese art day sale in order to satisfy buyers¡¯ needs. The quality of works selling in day sale will be better than that in previous autumn auction. The 2008 spring modern and contemporary Chinese art day sale will launch two main sessions, including ¡°85 New Wave Artists (Ye Yongqing, Mao Xuhui, Liu Wei)¡± and ¡°Early paintings of Zhang Xiaogang¡±. Besides, there will be various sessions for paintings by Yin Zhaoyang, Zhang Jian, Yang Shaobin, Zeng Chuanxing, and Yang Qian. Paintings by Jin Shangyi and others will be sold within the realism session in day sale.