07 October, 2008

Ravenel Art Auction - Taipei

Taipei December 7

Ravenel is the largest and leading Art House in Taipei, Taiwan. We also have offices in Hong Kong and Beijing. Founded in 1999, we have enjoyed enormous success over the last 9 years, constantly setting records for total sales results and for individual artists. We have very strong and long-term relationships with major collectors in Taiwan, Hong Kong, China and South East Asia.
Our recent auction in Taipei on June 1 was an outstanding success. Our total sales reached 501 million NT Dollars, US$16.5 million. 171 of 189 lots were sold representing 90.5% of lots. Total sales were 112.8% of estimates. This was a major achievement above market expectations. Records were set for Yan Pei-Ming, Li Chen, Yang Chihung and Chuang Che. Yan Pei-Ming's 'Mao: Chinese Vermillion #5' sold for 49, 880, 000 NT Dollars, US$1, 640, 520, a world record for the artist. Li Chen's 'Golden Rain Bronze' sold for 8, 850, 000 NT Dollars, US$291, 071. Chuang Che's 'Night Town' achieved 4, 484, 000 NT Dollars, US$155, 238. Yang Chihung's 'Looking for Light' sold for 3, 186, 000 NT Dollars, US$104, 785.Other major results included Zao Wou-ki's '1.12.68 (13.2.77) [73, 400, 000 NT Dollars, US$2, 414, 077], 2 works by Huang Gang which doubled their estimates 'Golden Iced Lake (diptych) [8, 260, 000 NT Dollars, US$271, 666], Zeng Fanzhi's 'We series: Mao Zedong' [14, 6000, 000 NT Dollars, US$480, 184], Hiroyuki Matsuura's 'Maintenance' [3, 422, 00 NT Dollars, US$112, 547], Choi Do-Young's 'Gaya' [2, 478, 000 NT Dollars, US$81, 500]. We welcome you to join us in our exceptional Taipei Sales and in our groundbreaking sale in Hong Kong, which we are looking forward to with great excitement and expectation.

15F-2, NO. 76, Sec.2,
Tun-Hwa S. Rd., Taipei 106, Taiwan
Post Code:10683

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