{"id":16289,"date":"2018-10-02T14:41:00","date_gmt":"2018-10-02T14:41:00","guid":{"rendered":"http:\/\/www.randian.art\/?p=16289"},"modified":"2023-11-29T14:44:46","modified_gmt":"2023-11-29T14:44:46","slug":"zao-wou-ki-vs-hao-liang-at-sothebys-hong-kongwin-or-lose","status":"publish","type":"post","link":"http:\/\/www.randian.art\/zh-hans\/zao-wou-ki-vs-hao-liang-at-sothebys-hong-kongwin-or-lose\/","title":{"rendered":"Zao Wou-Ki vs. Hao Liang at Sotheby\u2019s Hong KongWIN or LOSE?"},"content":{"rendered":"\n

Get ready players! Auction Fortnight has begun and there\u2019s only one winner!<\/h1>\n\n\n\n

Sotheby\u2019s Contemporary Art Evening Sale, Hong Kong, September 30
Sotheby\u2019s Modern Art Evening Sale, Hong Kong, September 30<\/h2>\n\n\n\n

At Sotheby\u2019s Hong Kong Evening Sale four works stood out, by Zao Wou-Ki, Liu Ye, Xu Zhen and yeah, um Hao Liang. Let\u2019s have a chat about that, with an anonymous but curious collector.<\/h1>\n\n\n\n

Read on Reader! Going Down!\u2026>><\/h1>\n\n\n\n
\"Zao<\/a><\/figure>\n\n\n\n

<\/h2>\n\n\n\n

Anonymous: What do you think of the Zao Wou-ki sold 65 million dollars when in 2005 at Christies it made USD 2.5 million?<\/h1>\n\n\n\n

Chris: Intellectually this work is wildly overvalued! It\u2019s very pretty but is this in the same league as Barnett Newman, Pollock, Rothko, de Kooning\u2014come on, no way! But its auction price reflects market scarcity, audience conservatism and even nationalism, and maybe also that Mainland people are looking for safe-harbor moveable assets to put money into. And it\u2019s pretty. Obviously at least two people think it\u2019s USD-60 million pretty! <\/h2>\n\n\n\n

No, you\u2019re wrong about the Zao Wou-Ki. That size!\u2026 It\u2019s the Lilies of China, not abstract-expressionism! And respectable provenance too. Always important with Chinese collectors.<\/h1>\n\n\n\n

Of course, yes, and Zao\u2019s big show at Musee d\u2019Art Moderne de la Ville de Paris will have helped too. Institutional imprimatur always soothingly rubs the bellies of picky collectors\u2026<\/h2>\n\n\n\n

\u2026like this one<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Enough already! Let\u2019s move on.<\/h1>\n\n\n\n
\"Hao<\/a><\/figure>\n\n\n\n

What do you think of Hao Liang \u2019s USD 1.5 million price?<\/h1>\n\n\n\n

Chris: Absolutely NUTS ! He was born literally yesterday, in 1983!!! The work itself is basically extremely similar to thousands of other works, some of which are hundreds of years old. This feels like a speculator is boosting prices. We cannot know. Maybe this collector just really really really likes Hao Liang. Like really, massively, likes his stuff a lot. But let\u2019s pretend it\u2019s speculation. Say the speculator owns ten works by Hao Liang and then buys the 11th work at an outlandish price of say USD 1.5 million, then KABOOM!! Suddenly they have ELEVEN very expensive works. If they are sold on\u2026  Of course, if their bluff is called, then it can be very damaging for an artist\u2019s career, not to mention the \u201cinvestment\u201d. But hey, I\u2019m not impressed by Hao Liang anyway. Seriously, it\u2019s 2018 \u2013 the 21st Century! \u2013 and this is where we\u2019re at ??<\/h2>\n\n\n\n

And Xu Zhen\u2019s Supermarket was sold too, a Conceptual Idea!<\/h1>\n\n\n\n

Chris: Ooh, I feel wobbly with emotion. But seriously, this work led Sotheby\u2019s marketing campaign for the sale and it reached slightly above the high estimate. For a work that is complicated to display (a shop, a shop fit-out, lots of specially emptied consumer goods packages, plus staff) and cannot be hung on a Hong Kong condominium wall, this is a great result for the artist\u2026 and also for sales of conceptual works in traditionally risk-averse and conservative Hong Kong. For comparison though, think of it this way: Xuzhen Supermarket\u2014one of the most important artworks produced in China in the past 20 years\u2014is basically the same price as one of Xu Zhen\u2019s big Under Heaven cake-icing paintings. Looking at this way, it was a total bargain.<\/h2>\n\n\n\n
\"Liu<\/a><\/figure>\n\n\n\n

What about Liu Ye?<\/h1>\n\n\n\n

Chris: USD 2.7 million is impressive. In recent years a lot of artists from 1990s China have seen their reputations\u2014and prices\u2014decline in the West and even in China, including Zhang Xiaogang and Yue Minjun. A couple of artists have managed to avoid this. Zeng Fanzhi is one and Liu Ye another. Liu Ye\u2019s prices continue to be solidly reliable. It helps that the figurative works are so cute of course, though recent still-lifes of books are much harder for civilians to unpack, so it will be interesting to see how the public reacts to them in years to come.<\/h2>\n\n\n\n

Liu Ye does his own thing. The paintings are not huge and he doesn\u2019t need a massive studio and huge team of helpers to make his art. Watch out for his show at Prada Rong Zhai in Shanghai next month.<\/h2>\n\n\n\n

<\/a><\/a><\/a><\/a><\/a><\/a><\/p>\n\n\n\n

<\/a><\/em><\/h2>\n","protected":false},"excerpt":{"rendered":"

Get ready players! Auction Fortnight has … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":16293,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[450,149,5316,11228,67,154,11266,11267,11227,29,374,393,11268,11269,71,6862,458,459,456,210,460,230,461,648],"yoast_head":"\nZao Wou-Ki vs. Hao Liang at Sotheby\u2019s Hong KongWIN or LOSE? - \u71c3\u70b9 Ran Dian<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.randian.art\/zao-wou-ki-vs-hao-liang-at-sothebys-hong-kongwin-or-lose\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zao Wou-Ki vs. Hao Liang at Sotheby\u2019s Hong KongWIN or LOSE? - \u71c3\u70b9 Ran Dian\" \/>\n<meta property=\"og:description\" content=\"Get ready players! 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