10 Feb '11, 11am

Sotheby's to hold Chinese art sale in Hong Kong - Straits Times: ReutersSotheby's to hold Chinese art sale in Ho...

HONG KONG - SOTHEBY'S said on Thursday it will hold a Chinese contemporary art sale in Hong Kong, an auction that could rake in almost US$13 million (S$17 million) as the city continues to draw wealthy Asian collectors. About 100 pieces from renowned Belgian collector Baron Guy Ullens will go under the hammer on April 3, Sotheby's said, adding that most of the collection from the 1980's onward had rarely been seen in public since their acquisition. A few days later the auction giant will hold another sale featuring about 80 lots of Imperial Chinese porcelain, expected to fetch about US$121 million. Sotheby's described the Ullens pieces as 'one of the most important and comprehensive assemblages of contemporary Chinese art created to date' by well-known artists including Zhang Xiaogang. Zhang's triptych Forever Lasting Love is expected to fetch US$3.2 million, it said. 'The...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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