Offering of The Ullens Collection Sets A Record for a Single-Owner Sale of Contemporary Chinese Art at Auction

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HONG KONG.- Sotheby’s Hong Kong set a Record for a Single-Owner Sale of Contemporary Chinese Art At Auction when its offering of 105 masterpieces from The Ullens Collection – The Nascence of Avant-Garde China brought HK$427,239,250 / US$54,774,263, against a presale estimate of HK$100 million to HK$130 million / US$12.7 million to 16.7 million*. Speaking of the sale, Evelyn Lin, Sotheby’s Head of Contemporary Asian Art, commented: “The legendary Ullens Collection represented the visualisation of the Chinese nation’s history through works of art, with many works which traced the birth of Contemporary Chinese Art in the 1980’s. Its remarkable combination of quality, rarity and extraordinary provenance sparked strong international interest which led to extended bidding battles