Last week, Bonhams held an Asian art exhibition and auction in Sydney. A Chinese painting, originally estimated at A $3500 to A $5000, was sold for A $1.46 million, a nearly 300-fold increase in value! It is reported that the buyer or a Chinese tycoon who did not want to be named.
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It is reported that the scroll is the work of famous Chinese artist Pan Tianshou, 1.3 meters long, titled "Vines and grasses on Stone", created in the 1950s, was previously collected by a Singaporean Chinese. At the pre-sale stage, the work was valued at A $3500 to A $5000.
The 120th Anniversary of Pan Tianshou's Birthday
However, a dramatic scene appeared in the auction process. The price of the work has been raised, even a one-time increase of A $50, 000. In the end, the work fell on the hammer for A $1.2 million. Combined with a 22% premium charged by the auction house, buyers will have to pay a total of A $1.46 million.
It is reported that Chinese art buyers generally choose anonymity, many buyers are mysterious rich Chinese.