Han Wu Shen sells for $190,000 at Sotheby's

Han Wu Shen sells for $190,000 at Sotheby's

April 15, 2014

Two paintings by ARC Living Master ™ Han Wu Shen (Shen Hanwu) came up for sale at Sotheby's Hong Kong on April 6th, 2014.
The first, Cooking Dinner, sold near the high estimate at 475,000 HKD (61,239 USD) and the second work, Descendants of the Dragon, soared over the high estimate of 250,000 - 350,000 HKD and sold for 1,480,000 HKD (190,810 USD). This is almost 2 1/2 times the highest price paid for one of his works at auction, the previous record being 600,000 HKD (77,273 USD) for his painting of On the Way, which sold in April of last year.	Cooking Dinner by Han Wu Shen
Descendants of the Dragon by Han Wu Shen	When On the Way came up for sale, Sotheby’s included a large write up on the artist, his relationship to ARC Chairman Frederick Ross and the Art Renewal Center in their auction catalogue. Shen's prices continue to rise steadily and they are likely to continue to do so as his work bears strong resemblance to his peer, Wang Yidong in subject, color palette, composition and technical execution. Yidong, who is five years younger than Shen regularly has his paintings sell between 1,000,000 and 3,000,000 US dollars for a single work at auction. We believe Shen’s prices at auction will continue to climb until they achieve a comparable price level.