3 contemporary Chinese painters make Artprice report top 10

ASIAN ARTISTS CHINESE CONTEMPORARY PAINTERS ART MARKET

Three Chinese artists feature in Artprice’s top 10 of contemporary painters by revenue, alongside four Americans and three Europeans. Artprice claims there is a turn towards ‘‘figurative American and Chinese painting, at the expense of European creations’’ on the part of the largest collectors.

Click here to read the Artprice Contemporary Art Market 2009/2010 Annual Report for yourself (in PDF format), all 76 pages of it. See pages 13-21 for a list of the top 20 contemporary painters.

Chen Yifei, ‘The Violinist,’ oil on canvas, 90 x 70 cm, at Modern and Contemporary Chinese Oil Painting & Sculpture Autumn Art Auction by XiLingYinShe Auction Co. Ltd, December 12, 2010. Image taken from artnet.com.

Chen Yifei, ‘The Violinist,’ oil on canvas, 90 x 70 cm, at Modern and Contemporary Chinese Oil Painting & Sculpture Autumn Art Auction by XiLingYinShe Auction Co. Ltd, December 12, 2010. Image taken from artnet.com.

Zhou Chunya in his studio. Image taken from artspeakchina.org.

Zhou Chunya in his studio. Image taken from artspeakchina.org.

Now more in demand than other fashionable contemporary Chinese artists such as Fanzhi Zeng or Zhang Xiaogang, Chen Yifei sold 14 auction lots for a total of €8.8 million this year. This is up from €6.6 million last year over 21 lots. His String Quartet, featuring four female musicians at work in hyper-realist fashion, was sold on 29 May, 2010 for €5.6 million, and was Christie’s best 20th century Contemporary Asian and Chinese art sale result.

Just like Chen Yifei, Zhou Chunya is apparently recession-proof. Last year his auction revenue was €4.6 million, a slight increase from 2008/2009, and this earned him the 10th place in Artprice’s top 10. A consistent performer, Zhou has not had a painting go unsold at auction in New York since 2006. He has seen his market broaden from the largest cities in China and is now in demand internationally.

In contrast to Chen Yifei and Zhou Chunya, Zeng Fanzhi’s sales have suffered from the recession. While his works would sell for ten times the pre-sale estimates, his total auction revenue for this year just broke €7.7 million, a 71% drop compared to 2008/2009.

Works by these three artists will be up for sale at the XiLingYinShe auction on December 12, 2010 in Hangzhou, China.

Zeng Fanzhi, ‘Hospital Series (triptych),’ oil on canvas, 150 x 116 cm, at Modern & Contemporary Chinese Art Evening Sale by Poly International Auction Co., Ltd., on Wednesday, December 1, 2010. Image taken from artnet.com.

Zeng Fanzhi, ‘Hospital Series (triptych),’ oil on canvas, 150 x 116 cm, at Modern & Contemporary Chinese Art Evening Sale by Poly International Auction Co., Ltd., on Wednesday, December 1, 2010. Image taken from artnet.com.

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3 contemporary Chinese painters make Artprice report top 10 — 3 Comments

  1. Pingback: China in the lead: the biggest art market as of March 2011 | Two Tigers Gallery

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