Lot 88: Ronald Ventura
‘Oh Boy!’
Estimate: HKD 120,000 – 180,000
Purchase Price: HKD 836,000 (107,179 USD)
Mok Kim Chuan, Sotheby’s Head of Modern and Contemporary Southeast Asian Paintings, commented after the sale: “This is a very solid performance and we are delighted to exceed our pre-sale high estimate once again and achieve a healthy sold by lot rate of 77%. When assembling the sale we were extremely careful to price works attractively and the results show that with the right pricing, quality works in this field will continue to receive a great deal of competition. We saw some exceptional prices achieved today, particularly for top quality paintings by modern masters such as Adrien Jean Le Mayeur de Merprès and Sudjana Kerton. Works by the Contemporary Indonesia artist I Nyoman Masriadi were also highly sought after – with two more than doubling their pre-sale high estimates – and Oh Boy! by the ever popular Contemporary Filipino artist Ronald Ventura was contested for by at least 15 bidders and was the subject of a five minute bidding battle. The market for Modern and Contemporary Southeast Asian Art remains vibrant and we were delighted to see interest from American and European collectors.”
Sotheby’s Hong Kong
Fine Chinese Paintings
05 APR 09
Grand Total (Including Buyer’s Premium): 129,775,500 HKD (16,607,371 USD)
Sold by Lot: 89.2%
Sold by Value: 95.5%
Lot 410: Fu Baoshi
‘Drunken Monk’ ink and colour on paper, hanging scroll, 1943
Estimate: HKD 3,200,000 – 5,000,000
Purchase Price: 6,260,000 (801,092 USD)
Lot 323: Li Keran
‘Mount Jiuhua’ ink and colour on paper, framed, 1979
Estimate: HKD 2,800,000 – 4,000,000
Purchase Price: HKD 3,860,000 (493,964 USD)
Lot 424: Qi Baishi
‘Flowers and Insects’ ink and colour on paper, album of six leaves
Estimate: HKD 2,300,000 – 3,500,000
Purchase Price: HKD 3,620,000 (463,251 USD)
Lot 444: Li Huayi
‘Landscape’ — 15, ink and colour on paper, framed
Estimate: HKD 850,000 – 1,200,000
Purchase Price: HKD 3,500,000 (447,895 USD)
Lot 408: Xu Beihong
‘Horse’ ink and colour on paper, framed, 1942
Estimate: HKD 800,000 – 1,200,000
Purchase Price: HKD 3,500,000 (447,895 USD)
Lot 224: Lin Fengmian
‘Lady among the Summer Blossoms’ ink and colour on paper, ramed, 1982
Estimate: HKD 1,500,000 – 2,500,000
Purchase Price: HKD 3,260,000 (417,182 USD)
Lot 341: Wu Changshuo
‘Gourds and Chrysanthemum’ ink and colour on paper, hanging scroll, 1925
Estimate: HKD 800,000 – 1,200,000
Purchase Price: HKD 3,140,000 (401,826 USD)
