Tuesday, March 8, 2011

Upcoming #auction rocks #art world -- Shanghai Daily | 上海日报

Upcoming auction rocks art world -- Shanghai Daily | 上海日报 -- English Window to China New:
"The upcoming auction of a large portion of the legendary Ullens Collection of Chinese contemporary art has caused an earthquake in the Chinese art world and prompted fears for the art market.

Baron Guy Ullens shocked everyone with his sudden announcement on February 10 through Sotheby's that 106 works from his vast collection will be auctioned in Hong Kong on April 3.

The works include early paintings of some contemporary masters such as Liu Xiaogang, Wang Guangyi and Zeng Fangzhi and are expected to fetch a combined total of HK$100-130 million (US$12.7-16.7 million). One of the most famous items is Liu's triptych 'Forever Lasting Love' created in 1988."

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