Film director Oliver Stone caught for a video in Hong Kong ahead of this weekend Christie’s auction in which some of his Chinese paintings were sold.
Sale went well. Stone grossed about US$4.4 million (not including Christie’s 15 percent commission), according to Frederik Balfour at Businessweek. The pieces sold include cynical realist painter Liu Wei’s “Swimmers ’94,” painted in 1994 (US$593,000) and a Zhang Xiaogang entitled “Bloodline: Big Family, No. 2” (US$3.4 million) as well as another Liu Wei that sold for US$375,000.
Stone was fortunate to do so well, Balfour added:
To get a sense of how slack the Asian art market has gone in the past six months, consider this: Stone’s haul accounted for more than half the $8.4 million sold during the first half of the evening devoted to Asian Contemporary Art in which only 56% of the lots sold. The second evening sale devoted to 20th Century Chinese Art fared even worse, with less than half the works selling.
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