Among top results of Leslie Hindman Auctioneers’ March 20 Asian Works of Art sale was a scroll painting with the signature of Qi Baishi, which sold for $269,000 to an Eastern Chinese buyer. Following record-breaking sales during New York’s Asia Week, the March auction showed strong results across all media and time periods that demonstrate the return to buoyant buying by Greater China as witnessed industry-wide over 2016. Collectors from mainland China, Taiwan, Canada, the U.S. West Coast and the United Kingdom dominated participation in the March sale and pushed top lots, that included paintings, porcelain and jade, well past high estimates.
Another scroll painting, Galloping Horse, was attributed to Xu Beihong and sold for $125,000 to a private collector in California. A second Xu Beihong attribution, also depicting a horse, sold for $68,750 to the trade in China. These scrolls, along with the Qi Baishi, came from the Estate of Mr. Julius Wei Wu Xue, Kenilworth, Illinois. These paintings were fresh to the market, which along with their provenance contributed to phenomenal results.