Sotheby’s Sale of the Mei Yun Tang Collection of Paintings by Chang Dai-Chien Totals $87.3 Million

0
349

HONG KONG.- Sotheby’s Hong Kong concluded the sale of The Mei Yun Tang Collection of Paintings by Chang Dai-chien today with a triumphant total of HK$680 million / US$87.3 million, against a pre-sale estimate of HK$130 million / US$16.7 million. All the 25 masterpieces on offer were sold in just over an hour, and the top lot of the sale, Lotus and Mandarin Ducks sold for HK$191 million / US$24.5 million, setting the auction record for the artist. In a saleroom filled to capacity, bidders in the room and on the telephone competed fiercely for the works offered. Bidding for Lotus and Mandarin Ducks, the top lot of the sale, started at HK$10 million and concluded after approximately 30 bids when a telephone bidder defeated a rival in the room with an offering of HK$191 million / US$24.5