Rembrandt, Chinese painters star in Sotheby's first major China sale
Updated: 2013-12-02 10:41
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Sotheby's and its local joint venture partner, Beijing Gehua Art Company, are offering a slate of modern and contemporary Chinese works with a total estimated value of more than 123 million yuan ($20.19 million) as part of "Beijing Art Week".
The event will feature more than 100 lots including canvases by some of China's most renowned oil and ink painters, as well as three selling exhibitions with a selection of diamonds and European furniture and art.
A $50 million Rembrandt, "Portrait of a Man with Arms Akimbo" will be part of one selling exhibition, while the auction's cover lot, Zao Wou-ki's "Abstraction", is expected to pull in anywhere from 35 million to 45 million yuan ($5.74 million to $7.39 million).
"The Beijing Art Week is basically our first major move into China," said Kevin Ching, CEO of Sotheby's Asia. "But what we're doing is not just an auction."