Beijing Poly Auction netted RMB 340m from two sessions of Yu Gong sales, achieving a sell-through rate of 95%. The first session was a single-lot sale of a Kangxi imperial falangcai ‘peony’ bowl, and the second session was led by Tang-type celadon glazed ‘dragon’ vase and the most expensive Chinese classical furniture — a pair of huanghuali-wood ‘phoenix’ cabinets from the Kangxi period
The top lot fell to the most expensive Chinese classical furniture — a pair of huanghuali-wood ‘phoenix’ cabinets from the Kangxi period — which drew intense bidding battle after the bidding started at RMB 42m. The lot was hammered down for RMB 86m and sold for RMB 98.9m to a telephone bidder.
Featured on the cover of the catalogue, a Tang-type celadon glazed ‘dragon’ vase also witnessed fervent interest from buyers. Estimated at RMB 10m-15m, the vase was hammered down for RMB 36m and sold for RMB 41.4m, four times its estimate.
Offered at its single-lot sale, a Kangxi imperial falangcai ‘peony’ bowl also made it to the top three. It carried an estimate of RMB 16m-26m and asked for an opening bid of RMB 13m. It was hammered down for RMB 31m and sold for RMB 35.65m with buyer’s premium.
The base is inscribed with a four-character seal mark of Kangxi period
Top Five Lots from Yu Gong Sales
A Magnificent and Rare Pair of Huanghuali-wood ‘Phoenix’ Cabinets
Kangxi Period, Qing Dynasty
Lot no.: 5178
Size: 314 x 156.6 x 77.5cm x 2
Provenance:
- Long Shun Cheng Furniture Beijing, 1956-1983
- Li Han-hsiang Collection, 1983-1996
- China Guardian, Ming and Qing Furnitures from Li Han-hsiang Collection, 9 October 1995, lot 848
Estimate on Request
Hammer price: RMB 86,000,000
Price realized: RMB 98,900,000
An Extremely Rare Tang-Type Celadon Glazed ‘Dragon’ Vase, Hu
Yongzheng Period, Qing Dynasty
Lot no.: 5183
Height: 43cm
Six-character Seal Mark of Yongzheng Period
Provenance:
- Qing Kuan Family Collection
Estimate: RMB 10,000,000 - 15,000,000
Hammer price: RMB 36,000,000
Price realized: RMB 41,400,000
An Exceptionally Rare Kangxi Imperial Falangcai ‘Peony’ Bowl
Kangxi Period, Qing Dynasty
Lot no.: 5161
Diameter: 14.3cm
Four-character Seal Mark of Kangxi Period
Provenance:
- Sotheby’s Hong Kong, 2002/5/7, Lot 534
Estimate: RMB 16,000,000 - 26,000,000
Hammer price: RMB 31,000,000
Price realized: RMB 35,650,000
A Very Rare Pair of Famille-Rose ‘Eight-Immortals’ Vase, Ben Ba Ping
Qianlong Period, Qing Dynasty
Lot no.: 5186
Height: 26cm
Six-Character Seal Mark of Qianlong Period
Provenance:
Collection of National Antiques Store
Estimate: RMB 15,000,000 - 20,000,000
Hammer price: RMB 25,000,000
Price realized: RMB 28,750,000
A Rare Gilt-Bronze Figure of Seated Avalokiteśvara
Xuande Period, Ming Dynasty
Lot no.: 5200
Height: 74cm
Weight: 45.2kg
Six-Character Seal Mark of Xuande Period
Provenance:
- Important Private American Collector
Estimate on Request
Hammer price: RMB 20,500,000
Price realized: RMB 23,575,000
Auction Summary
Auction house: Poly Auction Beijing
Sale: Yu Gong I - An Exceptionally Rare Kangxi Imperial Falangcai ‘Peony’ Bowl
Auction date: 2017/12/18
Sale total: RMB 35,650,000
Lot offered: 1
Sell-through rate: 100%
Sale: Yu Gong II - The Grand Panorama-the Evening Sale of Important Chinese Ceramics and Works of Art
Auction date: 2017/12/18
Sale total: RMB 311,132,500
Lot offered: 39
Sold: 37
Unsold: 2
Sell-through rate: 95%
Average price per lot: RMB 8,408,986
(All prices realized have included buyer’s premium unless otherwise specified)