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HomeNews[2025 Spring Auction Summary] Key Achievements of Chinese Modern and Contemporary Art Auctions

[2025 Spring Auction Summary] Key Achievements of Chinese Modern and Contemporary Art Auctions


One item sold at the Spring Auction for over 100 million yuan.

「8」
Jean-Michel Basquiat
Saturday Night, 1984
Acrylic Screenprint oil painting Collage Canvas | 195.6 x 223.5 cm
Estimate HKD 95,000,000 - 125,000,000
Estimate USD 12,224,694 - 16,085,124
Price HKD 112,625,000
Price USD 14,481,097
28 Mar 2025 Christie's Hong Kong

High-profile lots priced at tens of millions of dollars: 34 from Hong Kong and 9 from Mainland China.

(Calculated in RMB)

「18」
Zao Wou-Ki
28.8.67, 1967
Oil Canvas | 89 x 116 cm
Estimate HKD 40,000,000 - 60,000,000
Estimate USD 5,147,240 - 7,720,859
Price HKD 48,775,000
Price USD 6,271,391
28 Mar 2025 Christie's Hong Kong
「10」
René Magritte
Edward James's Dream, 1943
Oil Canvas | 54.3 x 73.7 cm
Estimate HKD 42,000,000 - 55,000,000
Estimate USD 5,404,602 - 7,077,454
Price HKD 47,565,000
Price USD 6,115,812
28 Mar 2025 Christie's Hong Kong
「287」
Liu Ye
Eileen Chang, 2004
oil painting Canvas | 60 x 45 cm
Estimate CNY 9,000,000 - 12,000,000
Estimate USD 1,249,254 - 1,665,672
Price CNY 42,550,000
Price USD 5,917,683
13 May 2025 China Guardian Beijing
「318」
Huang Yuxing
A Thousand Miles Of Rivers And Mountains (A Set Of 4), 2017
Acrylic Canvas | 150 x 600 cm
Estimate CNY 18,000,000 - 25,000,000
Estimate USD 2,498,508 - 3,470,150
Price CNY 36,800,000
Price USD 5,117,996
13 May 2025 China Guardian Beijing
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
「5」
Yayoi Kusama
Pumpkin (Hru), 2014
Acrylic Canvas | 100 x 100 cm
Estimate HKD 25,000,000 - 35,000,000
Estimate USD 3,217,024 - 4,503,835
Price HKD 39,095,000
Price USD 5,026,756
28 Mar 2025 Christie's Hong Kong
「254」
Wu Dayu
Flower Soul
Wax crayon ink and color Calligraph oil painting Speaker Canvas | 53.2 x 46.6 cm
Estimate CNY 12,000,000 - 15,000,000
Estimate USD 1,665,672 - 2,082,090
Price CNY 32,200,000
Price USD 4,478,247
13 May 2025 China Guardian Beijing
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
「137」
Zao Wou-Ki
1.12.81, 1981
Oil Canvas | 130 x 162 cm
Estimate on request
Price HKD 27,600,000
Price USD 3,556,729
30 Apr 2025 Poly Auction Hong Kong
「13」
Zhang Enli
Close, 2002
Oil Canvas | 248 x 200 cm
Estimate HKD 18,000,000 - 28,000,000
Estimate USD 2,316,258 - 3,603,067
Price HKD 23,365,000
Price USD 3,004,224
28 Mar 2025 Christie's Hong Kong
Artist Auction Records TOP 1
28 Mar 2025 Christie's Hong Kong Refreshing Artist Auction Records
Artist Auction Records TOP 1
28 Mar 2025 Christie's Hong Kong Refreshing Artist Auction Records
Artist Auction Records TOP 1
28 Mar 2025 Christie's Hong Kong Refreshing Artist Auction Records
Artist Auction Records TOP 1
28 Mar 2025 Christie's Hong Kong Refreshing Artist Auction Records
Artist Auction Records TOP 2
28 Mar 2025 Christie's Hong Kong Become the second highest price of artist
「284」
Zhou Chunya
Rocks And Clouds, 2003
oil painting Canvas | 358.5 x 220 cm
Estimate CNY 22,000,000 - 32,000,000
Estimate USD 3,053,732 - 4,441,792
Price CNY 25,300,000
Price USD 3,518,622
13 May 2025 China Guardian Beijing
「295」
Zhao Bandi
Xiao Zhang, 1992
oil painting Canvas | 214.8 x 139.5 cm
Estimate CNY 6,500,000 - 8,500,000
Estimate USD 902,239 - 1,179,851
Price CNY 23,000,000
Price USD 3,198,748
13 May 2025 China Guardian Beijing
Artist Auction Records TOP 3
13 May 2025 China Guardian Beijing Become the third highest price of artist
Artist Auction Records TOP 3
13 May 2025 China Guardian Beijing Become the third highest price of artist
Artist Auction Records TOP 3
13 May 2025 China Guardian Beijing Become the third highest price of artist
Artist Auction Records TOP 3
13 May 2025 China Guardian Beijing Become the third highest price of artist
Artist Auction Records TOP 3
13 May 2025 China Guardian Beijing Become the third highest price of artist
「250」
Guan Liang
Still Life With Buddha Statue, 1948
Oil painting on canvas | 54.6 x 64.3 cm
Estimate CNY 12,000,000 - 15,000,000
Estimate USD 1,665,672 - 2,082,090
Price CNY 21,275,000
Price USD 2,958,841
13 May 2025 China Guardian Beijing
Artist Auction Records TOP 3
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 3
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 3
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Refreshing Artist Auction Records
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Refreshing Artist Auction Records
「126」
Yoshitomo Nara
Dulcimer (For Jean Ritchie), 2010
Acrylic Board | 237 x 167 cm
Estimate HKD 15,000,000 - 25,000,000
Estimate USD 1,933,124 - 3,221,874
Price HKD 18,360,000
Price USD 2,365,998
30 Apr 2025 Poly Auction Hong Kong


Top 5 Hong Kong Artists

[Observation] Spring 2025 compared to Spring 2024

I. The artists who appeared on the list repeatedly are Yayoi Kusama, Zao Wou-Ki, and Basquiat. Among them, Yayoi Kusama had 36 pieces auctioned in the spring auctions for two consecutive years, with a significant decrease in the total transaction amount. The transaction amount in the spring of 2025 was about 33% of that in the spring of 2024.

Second, Japanese artist Yoshitomo Nara ranked second in Spring 2024, but did not make it into the top 5 in Spring 2025.

Third, overseas masters continue to dominate the high-end market in Hong Kong auctions.

Top 5 Beijing Artists

【observe】Spring 2025 compared to Spring 2024

I. The artists who continued to be on the list were Wu Dayu, Zhou Chunya, and Huang Yuxing. Overall, the total transaction amount did not change much.

Second, Liu Ye became the top auctioneer in Beijing in the spring of 2025, thanks to his high number of auctions and strong transaction prices.

Third, Wu Guanzhong and Zhang Enli are not in the top 5, ranking in the top 6 and top 9 respectively.


Important emerging artworks

「9」
Adrian Ghenie
Untitled (A Tribute To Henri Rousseau), 2020
Oil Canvas | 270 x 300 cm
Estimate HKD 10,000,000 - 15,000,000
Estimate USD 1,286,810 - 1,930,214
Price HKD 23,365,000
Price USD 3,004,224
28 Mar 2025 Christie's Hong Kong
「8」
Nicolas Party
Grotto, 2019
soft pastel Linen | 190.8 x 165.1 cm
Estimate HKD 10,000,000 - 15,000,000
Estimate USD 1,286,850 - 1,930,275
Price HKD 15,015,000
Price USD 1,930,088
29 Mar 2025 Sotheby's Hong Kong
「311」
Qiu Xiaofei
Pyongyang, 2004
oil painting Canvas | 200 x 400 cm
Estimate CNY 4,500,000 - 6,500,000
Estimate USD 624,627 - 902,239
Price CNY 10,350,000
Price USD 1,439,436
13 May 2025 China Guardian Beijing
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
Artist Auction Records TOP 2
13 May 2025 China Guardian Beijing Become the second highest price of artist
「11」
Rashid Johnson
Untitled Escape Collage, 2017
Wax vinyl Soap spray enamel Oak Oilstick Ceramic tile | 183 x 239 cm
Estimate HKD 3,500,000 - 5,500,000
Estimate USD 447,467 - 703,164
Price HKD 3,810,000
Price USD 486,133
27 May 2025 Phillips Hong Kong
「47」
Kang Haitao
Trees, 2016
Acrylic Cardboard | 152 x 373 cm
Estimate CNY 1,600,000 - 2,600,000
Estimate USD 221,416 - 359,801
Price CNY 3,565,000
Price USD 497,182
24 May 2025 Cuppar Auction Beijing
Artist Auction Records TOP 1
24 May 2025 Cuppar Auction Beijing Refreshing Artist Auction Records
Artist Auction Records TOP 1
24 May 2025 Cuppar Auction Beijing Refreshing Artist Auction Records
Artist Auction Records TOP 1
24 May 2025 Cuppar Auction Beijing Refreshing Artist Auction Records
Artist Auction Records TOP 1
24 May 2025 Cuppar Auction Beijing Refreshing Artist Auction Records
Artist Auction Records TOP 1
24 May 2025 Cuppar Auction Beijing Refreshing Artist Auction Records
「315」
Chen Fei
People Going Out, 2011
oil painting Canvas | D: 190 cm.
Estimate CNY 3,000,000 - 5,000,000
Estimate USD 416,418 - 694,030
Price CNY 3,450,000
Price USD 479,812
13 May 2025 China Guardian Beijing
「39」
Hernan Bas
A Colorful Plastic Mixture Of Noise + Dance + Joy, 2009
Acrylic Linen Board | 182.5 x 152.5 cm
Estimate HKD 3,000,000 - 5,000,000
Estimate USD 386,042 - 643,405
Price HKD 3,402,000
Price USD 437,422
28 Mar 2025 Christie's Hong Kong
「4」
Ji Xin
Dawn, 2021
oil painting Canvas | 165 x 190 cm
Estimate HKD 800,000 - 1,500,000
Estimate USD 102,948 - 193,027
Price HKD 2,540,000
Price USD 326,501
29 Mar 2025 Sotheby's Hong Kong
Artist Auction Records TOP 1
29 Mar 2025 Sotheby's Hong Kong Refreshing Artist Auction Records
Artist Auction Records TOP 1
29 Mar 2025 Sotheby's Hong Kong Refreshing Artist Auction Records
Artist Auction Records TOP 1
29 Mar 2025 Sotheby's Hong Kong Refreshing Artist Auction Records
Artist Auction Records TOP 1
29 Mar 2025 Sotheby's Hong Kong Refreshing Artist Auction Records
Artist Auction Records TOP 2
29 Mar 2025 Sotheby's Hong Kong Become the second highest price of artist

Top 5 Emerging Artists in Hong Kong

【observe】Spring 2025 compared to Spring 2024

First, the fact that there were no repeats in the top 5 of emerging Hong Kong artists over two years indicates that the market is highly competitive and subject to great changes.

Second, emerging artists in Hong Kong come from all over the world, including the United States, the United Kingdom, Japan and China, with the largest number of artists from the United States.

Third, there is only one female artist among the emerging artists: Ayako Rokkaku in Spring 2025 and Lucy Bull in Spring 2024.

Top 5 Emerging Artists in Beijing

【observe】Spring 2025 compared to Spring 2024

First, Huang Yuxing has been the top emerging artist in Beijing for two consecutive years. He holds an absolute leading position in the market for young artists, and his important work "A Panorama of Rivers and Mountains" was sold at auction in the spring of 2025.

Second, the top 2-5 emerging companies in Beijing did not repeat their names in the past two years, indicating that the market for 7080 has changed dramatically, but overall the transaction volume is lower than in the spring of 2024.

Third, among emerging artists, there are two female artists in 2025: Chen Ke and Song Kun, indicating a significant improvement in the market status of female artists.

Stay tuned to ArtPro for the latest updates on the global art market.



 

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Source: ArtPro