She became the most expensive piece of Western modernism of all that has ever been sold at the Asian auctions

Painting Marc by Marc Chagall (MarcChagall) , pushed under the hammer at HK auction Seoul Auction 4 October has become the most expensive piece of Western modernism of all that has ever sold at auction in Asia. Executed in 1969 work called "Bestiary, and music, brought 28.5 million HK dollars (3.7 million dollars), excluding commissions buyer. The overall result of trades on which it was presented 60 works of modernist and contemporary artists, was 78.5 million Hong Kong dollars (10,2 million at the U.S. equivalent).

If we add to the price under the hammer Buyer's Premium, it will turn out that the painting of Chagall even exceeded the upper estimate (4.02 million dollars). The final figure - 4.15 million - a milestone for the Asian market in Western art, the development is closely watching professional art business in America and Europe.

Seoul Auction Company , based in Hong Kong in 2008, is actively trying to expand there the customer base for non-Asian art. However, at its auction held on Monday, customers are far more willing to take the product of Eastern masters. For example, the work of young Korean artists such as Se-Kyung Kang (Kang Se Kyung), Yong-Dong Ve (Yun Wee Dong) and Kwon Ki-soo (Kwon Ki Soo), far exceeded their initial estimates, but the creations of famous designer Ron Arad (Ron Arad) and "painting with butterflies" by Damien Hirst (Damien Hirst) found no buyers. Failed and lithograph by Andy Warhol (Andy Warhol) with the image of Liz Taylor. But the other print artist, "Mao", reached 380,000 HK dollars (49,000 U.S.) at the top estimeyte 320,000.

also successfully sold Picasso ("Model in studio , 1965) and Renoir ("Vase with Flowers", not dated). The first went for 16 million HK dollars (2.1 million in U.S. currency) Estimé 14-18 million, and the second - for 3,6 million (464,000) in the evaluation 3,2-3,8 million. It is known that Picasso bought a customer from Asia, and Renoir - Western collectors.

material was prepared by Julia Maksimova, AI

Sources: artinfo.com , artinvestment.ru