Fine Chinese Classical Paintings and Calligraphy Hong Kong, 25 November 2013, Sale 3260 [All sold prices include buyer’s premium]

193 lots sold Total: HK$150,615,000/ US$19,519,704/ £ 12,094,385/ €14,474,102 93% sold by lot 208 lots offered HK$1 = US$0.1296/ £ 0.0803/ €0.0961 92% sold by value Estimate Lot Description Price Realised Buyer (HK$) HK$32,600,000 DONG BANGDA (1699-1769) 1,000,000- US$4,224,960 987 Asia Private Waterfalls in the Rocky Mountains 1,500,000 £ 2,617,780 €3,132,860 HK$15,640,000 ZHAO ZHIQIAN (1829-1884) 1,500,000- US$2,026,944 1099 Asia Private Flowers in Classical Style 2,000,000 £ 1,255,892 €1,503,004 HK$7,720,000 DONG QICHANG (1555-1636) 1,500,000- US$1,000,512 962 Asia Private Landscape After Huang Gongwang 2,000,000 £ 619,916 €741,892 HK$5,800,000 LIU JUN (16TH CENTURY) 600,000- US$751,680 959 Asia Private The Four Immortals 800,000 £ 465,740 €557,380 HK$5,560,000 HUANG SHEN (1687-1770) 600,000- US$720,576 992 Asia Private Landscapes, Figures and Flowers 800,000 £ 446,468 €534,316 HK$4,600,000 OF THE 600,000- US$596,160 946 () Asia Private 800,000 £ 369,380 Landscapes €442,060 HK$3,400,000 XIANG SHENGMO (1597-1658) 120,000- US$440,640 960 Asia Private Reverie 150,000 £ 273,020 €326,740 HK$3,280,000 ZHAO ZHIQIAN (1829-1884) 2,000,000- US$425,088 1034 Asia Private Eight-character Couplet in Seal Script 3,000,000 £ 263,384 €315,208 HK$2,800,000 REN YU (1853-1901) 50,000- US$362,880 1103 Asia Trade Flowers 70,000 £ 224,840 €269,080 HK$2,320,000 WANG E (1488-1505) 300,000- US$300,672 958 Asia Private Spring Travel 500,000 £ 186,296 €222,952 HK$2,320,000 TANG YIN (1470-1523) 260,000- US$300,672 1060 Asia Private Listening to the Running Streams 300,000 £ 186,296 €222,952

The Su Zhu An Collection of Chinese Paintings and Inkstones (Paintings Section) Hong Kong, 25 November 2013, Sale 3262 [All sold prices include buyer’s premium]

23 lots sold Total: HK$41,718,750/ US$5,406,750/ £ 3,350,016/ €4,009,172 88% sold by lot 25 lots offered HK$1 = US$0.1296/ £0.0803/ €0.0961 99% sold by value Estimate Lot Description Price Realised Buyer (HK$) HK$12,040,000 FU SHAN (1605-1690) 1,500,000- US$1,560,384 1132 SEVEN-CHARACTER POEM IN CURSIVE Asia Private 2,000,000 £ 966,812 SCRIPT €1,157,044

HK$6,040,000 SHITAO (1642-1707) 5,000,000- US$782,784 1131 Asia Private LANDSCAPES 6,000,000 £ 485,012 €580,444

HK$6,040,000 ZHANG RUITU (1570-1641) 1,000,000- US$782,784 1134 SEVEN-CHARACTER POEMS IN CURSIVE Asia Private 1,500,000 £ 485,012 SCRIPT €580,444

HK$2,680,000 HUANG SHEN (1687-AFTER 1768) 1,000,000- US$347,328 1137 LANDSCAPES, FIGURES AND Asia Private 2,000,000 £ 215,204 CALLIGRAPHY €257,548

HK$2,440,000 TANG YIN (1470-1523) 2,000,000- US$316,224 1127 Asia Private ARHAT 3,000,000 £ 195,932 €234,484

HK$2,440,000 SHITAO (1642-1707) 2,000,000- US$316,224 1135 Asia Private LANDSCAPES 3,000,000 £ 195,932 €234,484

HK$2,080,000 JIN NONG (1687-1763) 1,000,000- US$269,568 1142 Asia Private BAMBOO IN THE RAIN 1,500,000 £ 167,024 €199,888

HK$1,960,000 LAN YING (1585-AFTER 1664) 1,000,000- US$254,016 1130 Asia Private LANDSCAPES AFTER OLD MASTERS 1,500,000 £ 157,388 €188,356

HK$1,240,000 XU YOU (1620-1663) 1,000,000- US$160,704 1133 SEVEN-CHARACTER POEM IN CURSIVE Asia Private 1,500,000 £ 99,572 SCRIPT €119,164

HK$1,240,000 SHEN QUAN (1682-1762) 400,000- US$160,704 1139 Asia Private DEERS OF LONGEVITY 600,000 £ 99,572 €119,164

Fine Chinese Modern Paintings Hong Kong, 25-26 November 2013, Sale 3261 [All sold prices include buyer’s premium]

516 lots sold Total: HK$721,781,250/ US$93,542,850/ £ 57,959,034/ €69,363,178 93% sold by lot 554 lots offered HK$1 = US$0.1296/ £0.0803/ €0.0961 98% sold by value Estimate Lot Description Price Realised Buyer (HK$) HK$84,120,000 LI KERAN(1907-1989) 6,000,000- US$10,901,952 1379 Asia Private Jinggang Mountains 8,000,000 £ 6,754,836 €8,083,932 HK$41,560,000 ZHANG (1899-1983) Estimate on US$5,386,176 1574 Asia Private Garden of Eight Virtues in Pomo Style request £ 3,337,268 €3,993,916 HK$16,240,000 HUANG BINHONG (1864-1955) 2,000,000- US$2,104,704 1346 Asia Private Scholars by the river 3,000,000 £ 1,304,072 €1,560,664 HK$15,040,000 XIE ZHILIU (1910-1997) 1,000,000- US$1,949,184 1500 Asia Private Lotus 2,000,000 £ 1,207,712 €1,445,344 HK$14,440,000 FU BAOSHI(1904-1965) 6,000,000- US$1,871,424 1234 Asia Private Visiting a Friend in the Mountains 8,000,000 £ 1,159,532 €1,387,684 HK$12,040,000 HUANG YONGYU (B. 1924) 1,500,000- US$1,560,384 1330 Asia Private Birds and Red Berries 2,500,000 £ 966,812 €1,157,044 HK$12,040,000 ZHANG DAQIAN (1899-1983) 3,000,000- US$1,560,384 1569 Asia Private Castle Peak Villa 4,000,000 £ 966,812 €1,157,044 HK$10,840,000 XU BEIHONG (1895-1953)/OU DAYUAN 3,500,000- US$1,404,864 1708 (1869-1945) Asia Private 4,500,000 £ 870,452 Rooster and Hens/Calligraphic Couplet €1,041,724 HK$10,600,000 ZHAO WANGYUN (1906-1977) 200,000- US$1,373,760 1385 Asia Private A Riding Game 300,000 £ 851,180 €1,018,660 HK$9,880,000 ZHANG DAQIAN (1899-1983) 400,000- US$1,280,448 1462 Asia Trade Guanyin 600,000 £ 793,364 €949,468 HK$9,880,000 ZHANGDAQIAN(1899-1983) 4,500,000- US$1,280,448 1566 Asia Private Guanyin 5,500,000 £ 793,364 €949,468

Hong Kong – Christie’s Hong Kong Chinese Painting sales this Autumn achieved HK$ 914,115,000/US$ 118,469,304 over the course of two days, with an overall sold rate of 93% by lot and 97% by value.

Ben Kong, International Specialist Head of Christie’s Chinese Paintings Department, said, “The successful results of HK$914 million/US$118.5 million achieved from all three sales build on Christie’s market leadership and our global sourcing of Chinese paintings and calligraphy. Strong provenance gave rise to fierce bidding especially for works from private collections, The Su Zhu An Collection of Chinese Paintings and Property formerly in the Collection of Dr. K. S. Lo in both Chinese Classical and Modern Paintings. A section of the sale dedicated to the new category of Chinese contemporary ink paintings was very well received. The highlights of the auction were Li Keran’s Jinggang Mountains and Dong Bangda’s Waterfalls In The Rocky Mountains, which drew significant interest from collectors, and attracted determined bidding, far exceeding its pre-sale estimates.”

Images & top ten results can be downloaded here: http://cshk.myftp.org/2013%20Fall%20Christie's%20Hong%20Kong%20Auctions/CHA/Results/Images/

To view the full auction results: Fine Chinese Classical Paintings & Calligraphy (Sale 3260) http://www.christies.com/lotfinder/salebrowse.aspx?intSaleid=24314&viewType=list The Su Zhu An Collection of Chinese Paintings and Inkstones (Paintings Section)(Sale 3262) http://www.christies.com/lotfinder/salebrowse.aspx?intSaleid=24777&viewType=list Fine Chinese Modern Paintings (Sale 3261) http://www.christies.com/lotfinder/salebrowse.aspx?intSaleid=24315&viewType=list

PRESS CONTACT: Luyang Jiang Hildebrandt (Hong Kong) | +852 2978 9919 | [email protected] Shiro Tsui (Hong Kong) | +852 2978 6718 | [email protected]

Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and do not reflect costs, financing fees or application of buyer’s or seller’s credits.