Auctions

• Sale Title: Chinese Paintings & Calligraphy Beijing –Tuesday, 18 May, 2010 Sale no: 8819 – Top Ten [All sold prices include buyer’s premium]   Sold: RMB¥54,241,600 US$7,941,669   Lots Sold:276 Lots Offered: 340  Sold by Lot: 81% Sold by Value: 88% Exchange Rate: US$ = RMB¥6.83   Lot Description   Estimate (RMB¥)   Purchase Price Buyer 61 Xu Beihong, Horse, Scroll, mounted and framed, ink on paper 800,000 – 1,000,000 ¥ 2,576,000 $ 377,160 Asian Private 259 Xu Beihong, Horses, Hanging scroll, ink and colour on paper 1,800,000 – 2,000,000 ¥ 2,576,000 $ 377,160 Mainland Chinese 114 Huang Zhou and Dong Shouping, Plucking Herbs, Hanging scroll, ink and colour on paper 700,000 – 900,000 ¥ 2,464,000 $ 360,761 Mainland Chinese 189 Qi Baishi, Crane, Scroll, mounted and framed, ink and colour on paper 1,500,000 –1,800,000 ¥ 2,464,000 $ 360,761 Mainland Chinese 160 Li Keran, Herding, Hanging scroll, ink and colour on paper 400,000 – 500,000 ¥ 1,904,000 $ 278,770 Mainland Chinese 113 Dong Shouping, Plum Blossom, Hanging scroll, ink and colour on paper 500,000 – 7,000,000 ¥ 1,792,000 $ 262,372 Mainland Chinese 116 Fan Zeng, Firure, Hanging scroll, ink and colour on paper 400,000 –500,000 ¥ 1,624,000 $ 237,775 Mainland Chinese 168 Li Xiongcai, Pine Trees and Waterfall, Scroll, mounted and framed, ink and colour on paper 200,000 – 300,000 ¥ 1,433,600 $ 209,898 Mainland Chinese 119 Chen Banding, Landscape, Scroll, mounted and framed, ink and colour on paper 1,350,000 –1,500,000 ¥ 1,344,000 $ 196,779 Mainland Chinese 260 Xu Beihong, Cat, Hanging scroll, ink and colour on paper 400,000 –600,000 ¥ 1,288,000 $ 188,580 Mainland Chinese   Michael Xie, specialist/auctioneer, Chinese Paintings Department said: “Our strong results reflected the high quality and reasonable estimatesof the property, which was enthusiastically sought by experts and collectorsalike.Paintings from overseas collectionswithimpeccableprovenanceand competitive pricingperformed especially well. Given the enthusiasm of the Chinese market, we had expected and are pleased to achieve positive results. Prices went over the estimate in many instances, andthe sale recorded a strong81% sold by lot."   Paul Dong, General Manager, said: "We are delighted by the results in both sale categories. Having one of the biggest turnouts in several years represents strong interest among a larger group of art lovers and collectors, many of whom were first-time auction participants. While the art market may be embraced as an investment opportunity, we believethere is also an increasingly solid baseof connoisseurs who go for fine collectibles." Press Contact Forever International Auction Company Ltd. Paul Dong +86 10 5969 2668 Christie’s Hong Kong Yvonne So +852 9364 0046/Kate Swan +852 9863 5693 Date and Location of Next Sale TBD      Forever 2010 Spring Sale Results_Chinese Paintings & Calligraphy