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Posts Tagged ‘Li Hui’

Young Chinese artist Li Hui lights up Netherlands: an Art Radar interview

Posted by artradar on September 28, 2010


CHINESE ARTIST SOLO EXHIBITION LIGHT ART NETHERLANDS

Li Hui at work. Image courtesy of Ministry of Art.

Li Hui at work. Image courtesy of Ministry of Art.

Following his impressive solo exhibition last year in Mannheim, Germany, young Chinese artist Li Hui brings yet another surprise to the European art scene. In the pitch-dark exhibition space provided by The Centre of Artificial Light in Art in the Netherlands, Li Hui presents a spectacular display of four of his light works entitled “Who’s afraid of Red, Amber and Green?. The show, which runs from 16 July to 24 October this year, showcases Li’s experiments with laser and LED light.

The current show, the title of which may remind people of Barnett Newman‘s painting Who’s Afraid of Red, Yellow and Blue?, exhibits four of Li Hui’s works: Amber, Reincarnation, Cage and Everything Starts from Here. The works were selected jointly by John Jaspers (director of The Centre of Artificial Light in Art), Christoph and Cordelia Noe (co-directors of The Ministry of Art who represent Li Hui) and the artist.

In an interview with the museum, printed on the museum guide, Li Hui describes his works:

“I can imagine that if someone sees my work for the first time, it can have a very strong visual impact. Just like in Newman’s paintings, the bright colors first have to get stored in one’s brain. I also understand that there are elements in my works that might make people feel a little puzzled or even a little scared when first confronted with them. However, from what I have experienced, it is not just the visual impact, but also the ‘otherness’ or their mysticism that can have this kind of result. It is somehow similar to … Shamanism.”

Art Radar Asia spoke to Li Hui about the ideas in his works, the challenges he faces and his future plans.

Light not an intended media

Specialising in sculpture at the Central Academy of Fine Arts in Beijing, Li Hui learnt to use stainless steel and wood but not light. In fact, he never meant to use light in all of his works, and would not call himself a light artist. It was in the process of production that he thought of light as a possible media for some of his works. He gives an example of how he came up with using LED light for Amber.

“I wanted the transparent material to glow, and I found that LED light is the only light that can produce the effect I wanted. The material is also thin enough for me to install inside the work, so I used it.”

Using LED light led to his discovery of the properties of laser light, a non-heating light which produces pure colors, and he started to experiment with it for other works. Light is not a usual medium for art in China or the world and Li says of this phenomenon,

“Light doesn’t seem like a material that can be used in art – if you do not handle it well, the outcome will be awful. Everyone can use light in their work, but light may not always be a good material to help them express what they want to express.”

"What I want to create is smoke rising from the bed softly and freely. It is a work that would evoke emotions, but this may not be obvious from photos," relays Li Hui. Reader's who are interested in experiencing these emotions firsthand can click on the image to watch a video. (Please note that the video is presented in Dutch.) 'Reincarnation' (200 x 110 cm; height variable) is a sculpture made of laser lights, fog, metal and medical bandage to create a mysterious, psychedelic, religious visual effect. In Buddhism, reincarnation means cycle or life circulation – the recurring process of our spirit being incarnated in another life after we die. Image courtesy of Ministry of Art.

"What I want to create is smoke rising from the bed softly and freely. It is a work that would evoke emotions, but this may not be obvious from photos," relays Li Hui. Readers who are interested in experiencing these emotions firsthand can click on the image to watch a video. (Please note that the video is presented in Dutch.) 'Reincarnation' (200 x 110 cm; height variable) is a sculpture made of laser lights, fog, metal and medical bandages. Image courtesy of Ministry of Art.

At this point, Li hasn’t thought about specialising in light art, and says that he would use whatever materials suit his concepts. Asked about what he is going to do next, Li says that he is interested in the spiritual and the inner world. When asked whether there are particular philosophies that Li Hui wants to convey in his works, he answers no.

“I want to create feelings which cannot be expressed in languages. There are just too many works attached [to] some kind of philosophy, but to me that’s not what art is about. You create feelings in art – if you can feel it, others will feel it too.”

Li Hui says about his work 'Cage': "There are two cages inside the work made of laser beams. Laser beams are special in a way that they look tangible while in reality they are not. The two cages appear alternatively so that a group of people who find themselves 'trapped' in the cage in one moment would suddenly find themselves outside the cage in the next. This work brings out the contrast between reality and illusion." 'Cage' (each 200 x 200 cm; height variable) is made of laser lights, mirrors and iron. Image courtesy of Ministry of Art.

Li Hui says about his work 'Cage': "There are two cages inside the work made of laser beams. Laser beams are special in a way that they look tangible while in reality they are not. The two cages appear alternatively so that a group of people who find themselves 'trapped' in the cage in one moment would suddenly find themselves outside the cage in the next. This work brings out the contrast between reality and illusion." 'Cage' (each 200 x 200 cm; height variable) is made of laser lights, mirrors and iron. Image courtesy of Ministry of Art.

Technological skill toughest obstacle

You may imagine Li Hui’s laboratory crammed with a lot of professional equipment to support his experiments, but in reality he has to seek technological support from others, such as LED light producers, to create his light works. In fact, technology is one of the greatest challenges in the artist’s production process.

“It is impossible to do the works in my own studio. I have to cooperate with others. I don’t have their professional equipment. It is very costly…. The most difficult [thing] is skill – I am not talking about artistic skill, but technological skill. Sometimes the problems are just impossible to solve.”

For Li Hui, every work is born from rounds of brain-storming followed by rounds of experiments in an effort to work through and predict potential problems.

“Experiments push toward the final outcome. At the initial stage of production, I may draw on the computer. Then I begin experimenting with materials. For example, I test a few shots of laser beams with smoke and find the proportion that suits what I want to express.”

Li Hui says about his work 'Everything Starts From Here': "This is a discovery in an experiment. The light beams strike through the transparent dining goblets to project a very impressive light image on the wall. Most of my works are large but this one is not because it is an experimental work." 'Everything Starts From Here' (20 x 30 x 20cm) utilises laser lights, a metal box with a crank, glass and projectors. Image courtesy of Ministry of Art.

Li Hui says about his work 'Everything Starts From Here': "This is a discovery in an experiment. The light beams strike through the transparent dining goblets to project a very impressive light image on the wall. Most of my works are large but this one is not because it is an experimental work." 'Everything Starts From Here' (20 x 30 x 20cm) utilises laser lights, a metal box with a crank, glass and projectors. Image courtesy of Ministry of Art.

Ministry of Art dedicated to Chinese art in Europe

Art Radar Asia spoke with Christoph Noe, one of the directors of The Ministry of Art, an art advisory and curatorial company based in China which represents Li Hui, to find out more about how European opportunities are secured for Chinese or other Asian artists.

“The Ministry of Art … has a broader scope than [just being] a gallery. Our idea is to give artists the opportunity to cooperate with museums or art institutions in Europe … as a lot of the Chinese artists have already had the opportunity to exhibit their works in China or Asia, and some of them lack the opportunity to exhibit in Europe. We come in with our expertise because of our European origins and networks with European institutions. Once we are excited about a Chinese artist we can find an institution that fits very well for that artist.”

Li Hui will participate in a group show called Internationale Lichttage Winterthur 2010 in Switzerland in November. He will present another solo exhibition in June 2011 in Berlin, Germany.

CBKM/KN/HH

Related topics: Chinese artists, light art, museum shows, emerging artists

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Posted in Advisors, Artist Nationality, Chinese, Curators, Emerging artists, Events, Gallerists/dealers, Installation, Interviews, Laser, Li Hui, Light, Medium, Museum shows, Professionals, Sculpture, Spiritual, Styles, Themes and subjects, Venues, Z Artists | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Liquidity propels prices, Chinese Political Pop is back – Sothebys Contemporary Asian Art Auction 2009 Hong Kong

Posted by artradar on October 16, 2009


SOTHEBY’S AUCTIONS HONG KONG CONTEMPORARY ASIAN ART

Although called a Contemporary Asian Art auction, this sale was dominated by Chinese artists which was a canny move by Sotheby’s given that mainland liquidity is driving prices of property in Hong Kong to record high prices of US$1,000 per square foot and sending Chinese stock markets soaring. According to Bloomberg, Chinese money supply has grown by 55% since the beginning of 2007 compared with 20% in the UK and US.

Some of this liquidity has found its way into the art market at this auction. Mainland buyers were active and revealed some surprising preferences.

Hong Kong artists back in a second showcase

Sotheby’s followed up its inaugural and successful showcase of 8 Hong Kong artists in the ‘Spring auction earlier this year with an expanded selection of works by 10 artists. Affordable prices meant that all but two of the works found buyers with successful bids mostly coming in around estimates.

Simon Go, Hong Kong Old Shops, Inkjet on Bamboo Paper

Simon Go, Hong Kong Old Shops, Inkjet on Bamboo Paper

Works by two artists, sculptor Danny Lee and photographer Simon Go who were both new to the auction this year, did better than estimates. Danny Lee produces stainless steel sculptures which are reminiscent  – though in a more organic liquid form –  of the stainless steel scholar rocks made by the world-renowned sculptor Zhan Wang  whose works have been collected by institutions such as the British Museum . Danny Lee’s Mountain and Stream IV sold for HK$170,000 against a top estimate of HK$160,000 (before premium). (US$1 = HK$7.7)

Danny Lee, Mountain and Stream IV, Steel wood

Danny Lee, Mountain and Stream IV, Steel wood

Simon Go’s set of 2 photographic works called Hong Kong Old Shops: Wing Wo Grocery and Keng Ming Mirror Shop achieved a price of HK$80,000 against an estimate of HK$30-50,000 (before premium). This lot points to several collector trends. According to Larry Warsh, a New York-based dealer, there is a growing interest in Chinese photography and Wing Wo Grocery ( an image of a family clan in an old-style grocery shop from the colonial era recently shut down in preparation for urban renewal) embodies trends identified at an ArtInsight seminar last month called ‘Trends and Opportunities in Photography” . The panelists identified documentary photography and ‘slice of lif’e’ photography as hot areas for collectors now.

Zhan WangThe biggest story of the Hong Kong part of the sale was Tsang Tsou Choi’s calligraphy which saw excited bidding between several bidders in the room and on the phone resulting in a price (before premium) of HK$400,000 which was 8 times the lower estimate of HK$50,000. Work by this artist now deceased was also a surprising success in the Spring 2009 auction perhaps because of local media and public interest in the eccentric behaviour he displayed in his long art career.

Tsang Tsou Choi, Calligraphy, Acrylic on Canvas

Tsang Tsou Choi, Calligraphy, Acrylic on Canvas

In our Sotheby’s Spring 2009 auction post we wrote:

Tsang, Tsou Chin aka The Kowloon Emperor is a Hong Kong legend, famous for his calligraphy graffiti which he painted on public furniture. Undeterred by numerous warnings he roamed the streets for 50 years laying down his family genealogy and his personal history as an emperor in exile in blatant defiance of the Queen and English colonial rule. Deemed a lunatic by some, he was nevertheless recognised when in 2003 he became the very first Hong Kong artist to exhibit at the Venice Biennale.

Cynical Realist artists are back

In the next section of the sale a series of Chinese sixties-born artists, many from the Cynical Realist and Political Pop movements (Yue Minjun Feng Zhenghjie Zeng Fanzhi, Fang Lijun, Zhang Xiaogang) came under the hammer with hefty estimates of several hundred thousand and up to around $5 million per lot.

Yue Minjun, Hats Series - The Lovers, Oil on Canvas

Yue Minjun, Hats Series - The Lovers, Oil on Canvas

On a visit to London last month Art Radar heard several Western commentators describing Chinese art as ‘old’, ‘tired’ and ‘done’. This auction showed clearly that there are keen buyers for Chinese artists of this era who are willing to pay robust prices. Room bidders were mainly middle-aged Chinese men, who are perhaps collectors or more likely dealers for a growing middle class market in the mainland. Most lots in this section sold at estimate and some well above. Yue Minjun’s ‘Hats Series – The Lovers’ attracted several room bidders and a phone bidder eventually selling for HK$5.3m against a top estimate of HK$3.5m.

Institution-endorsed Chinese artists of the  fifties and sixties meet price resistance

Wang Keping, Untitled, Wood

Wang Keping, Untitled, Wood

It is no secret that Western critics regard some of the Cynical Realist artists as lightweight and lacking in intellectual rigour.  Instead major institutions such as the Royal Academy and British Museum in London have favoured and endorsed other mid-century born artists such as gunpowder artist Cai Guo-Qiang and Xu Bing, famous for his invented calligraphy . These artists sold well at lower price levels but lots with high estimates met resistance and failed. Cai Guo-Qiang’s Money Net No 2, part of Royal Academy of Art Project (estimate HK$4.7m – 5.5m) and Xu Bing’s Silkwom Series – The Foolish Old Man Who Tried to Remove the Mountain (estimate HK$5m – 5.5m) were bought in.

Frowns for part-increment bids

What we did see at this auction was a much stronger resistance by the two auctioneers in this marathon four-and-a-half  hour sale to partial bids. In recent auctions we have seen bidders make counter-offer bids at increments lower than standard. In the recent past these were accepted with alacrity by genial auctioneers. At this auction bidders were left waiting, frowned at and as often as not turned down.

Zhang Huan upset

Zhang Huan, My New York, Chromogenic Print

Zhang Huan, My New York, Chromogenic Print

Zhang Huan

, formerly a performance artist and more recently a sculptor and installation artist known for his works in ash and animal skins had 5 lots in the sale. Despite  backing by big-boy galleries in London and New York (Zhang Huan currently has an installation at White Cube in Picadilly London) four of his works including two sculptures and two chromogenic prints were bought in. The only work which was successful was a chromogenic print (numbered 3/8) recording his early endurance performance art which sees him running barefoot along the streets covered in raw meat. This work exemplifies another trend identified at the Artinsight photography seminar: growing interest in photographic documentation of performance art.

Sculpture mixed

Sculpture had a mixed performance. Apart from Zhang Huan’s two failed lots and one by Hong Kong artist Kum Chi Keung, there was a surprise pass on Japanese artist Yayoi Kusama’s pink polyester mannequin Self-Obliteration (estimate $550-650,000). Most of the rest of the ten or so sculptures including Wang Keping’s wooden female forms, Zhang Wan’s scholar rocks, kitsch sculptures by the Luo Brothers and Huang Yan and a run of five works featuring sculpted heads  and figures (by various artists) sold at or above estimate.

Li Hui, Amber Dragon, Neon and steel

Li Hui, Amber Dragon, Neon and steel

Two lots by neon and steel sculptor Li Hui (1977) were highly sought after and attracted across-the-room bidding. Both pieces were purchased by an Asian family who were active bidders in the preceding sale of South East Asian art. The family also acquired an acrylic on canvas by Japanese artist Hiroyuki Matsuura and another by Ryuki Yamamoto. Traditionally collectors’ interests cluster geographically and more often than not collectors prefer to buy their national artists though there have been signs of changes. Despite the recession there is still momentum  behind this trend of pan-Asia buying.

Chinese photography fluid bidding

A handful of photographs were scattered through the sale but the bulk was found in an eleven lot run in the middle.  This run featured sixties-born Chinese photographers such as Hai Bo, Hong Hao, Wang Qingsong, Huang Yan, Cang Xin and Sheng Qi who were active in the nineties and many of whom came to international prominence in 2004 with Christopher Phillips’ seminal exhibition Between Past and Future at the International Center of Photography in New York. Since then major US institutions have been collecting the work of this group as we reported in April 2009:

Hai Bo, Red Guard, Chromogenic Print and Gelatin Silver Print

Hai Bo, Red Guard, Chromogenic Print and Gelatin Silver Print

The J. Paul Getty Museum is the latest institution to add works by Chinese contemporary artists to its holdings. Others include New York’s Museum of Modern Art, which recently acquired 28 works for its photography collection, the Museum of Contemporary Art in Los Angeles, and the Brooklyn Museum, as well as global institutions such as the Tate and the Pompidou Center.

“The acquisition of these works (Wang Qingsong, Hai Bo) affirms an important new direction for the Getty,” says noted photography dealer and collector Daniel Wolf, who helped establish the museum’s collection in the 1980s. “It reflects an interest in expanding the collection in this category.”

Prices were affordable and bidding was fluid. While editions were limited to the 8-20 range and many of the lots were made up of multiple images, sales were made at estimates which were surprisingly affordable. Most lots sold for between HK$40-75,000. Wang Qingsong’s triptych photograph Past Present, Future which sold at estimate for HK$260,000 was the exception.  One buyer snapped up several lots.

One upset was lot 765 by Cao Fei which was passed in. Her works are inspired by the internet, video games, role-playing and the virtual world and she has received wide coverage in London and beyond after a recent show at Battersea Power Station organised in conjunction with the Serpentine Gallery.

Japanese and Korean art

The sale was dominated by Chinese artists but there was a run of cartoon-style art, many by young Japanese artists, a third of the way through the sale which sold at prices HK$50-150,000. Heavyweight Japanese artists were priced much higher but did not always sell or meet the estimate.  Yoshimoto Nara’s It’s Everything sold at HK$3.3m compared with an estimate of HK$3.8-HK$5m. Work by Yoshitaka Amano (described by Time Out as ”the Japanese anime legend behind the Final Fantasy video game” and who attracted spirited phone bidding in the spring sale 2009) was passed in. Takashi Murakami was the exception achieving HK$520,000 for an untitled 1/50 edition screenprint carrying an estimate of just HK$50-70,000. Korean works also achieved mixed results.

Long long auction

The final run of 11 lots saw 6 passes despite affordable prices. This result is probably not worth analysing in depth as it likely had more to do with the numbing length of the 4-5 hour 2 auctioneer sale which saw a packed room of 200 or so dwindle away to 30 or 40 tired stalwarts at what felt like the dog-end of the sale. Perhaps Sotheby’s who charged for coffee and catalogues again this year is still in cost-slashing mode. Let’s hope that by next year there will be enough new money supply for a return to more coffee breaks and free coffee.

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Posted in Auctions, Business of art, Cai Guoqiang, Cao Fei, Cartoon, China, Chinese, Hong Kong, Hong Kong Artists, Japanese, Korean, Li Hui, Market watch, Photography, Sculpture, Takashi Murakami, Xu Bing, Yayoi Kusama, Yoshitaka Amano, Yue Minjun, Zeng Fanzhi, Zhang Huan, Zhang Xiaogang | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Young Chinese Artists The Next Generation – book review

Posted by artradar on June 10, 2009


EMERGING ARTISTS CHINA BOOK REVIEW

A new book called Young Chinese Artists: The Next Generation was recently sent to us for review by the editors. We were a little concerned that this might be another ostensibly objective production, the real purpose of which is – yes, you guessed – the promotion of gallery artists.

Li Yu Liu Bo She follows you and sleeps in your bed naked? Who is this lady? 2006 C Print and Lightbox

Li Yu Liu Bo, She follows you and sleeps in your bed naked? Who is this lady?, 2006, C Print and Lightbox

We were, however, surprised and delighted to find that it is a book to roll around in, play with and draw inspiration from. At 300 pages long it provides an introduction to thirty artists (six of whom work as duos) born in mainland China between 1975 and 1981, roughly half a decade.

Buy here

Click to buy

This era and time frame – unusually short for a survey – are two of the factors which make this book particularly engaging.

The p0st-’70s era was selected because it marks the end of the Cultural Revolution and artists born in this period are witness to China’s continuing frenetic social and political development: a rich source for artistic inspiration and expression.

But, perhaps just as significantly for the success of the book, these artists, born no later than the seventies, have had enough time to build a body of work large enough for in-depth assessment. At the same time many are sufficiently unknown to allow us a tantalising sense of discovery.

The short time period of 1975-1981 astutely recognises the velocity of change in China in the last thirty years: a shorter time-frame allows for a more rigorous and meaningful analysis of the themes preoccupying artists which are teased out in a series of essays by experts and writers.

The team of twenty writers and editors include influential figures such as Huang Du who was curator for the Chinese Pavilion at the Venice Biennale in 2003 and Philip Tinari who curated the selection of Hong Kong artists at the big-name Louis Vuitton show in Hong Kong 2009.

Xu Zhen, Fitness, 2007

Xu Zhen, Fitness, 2007

Each artist is awarded one chapter which contains an interview, eight or so images, a listing of principal exhibitions and a one-page overview of the development of the artist’s work by one of the team of writers, usually written in a somewhat academic style. This is an extract from Philip Tinari’s essay ‘The Merry Prankster’ about Xu Zhen:

“Xu Zhen’s recent work has grown more light-hearted, if predicated on the notion of elaborate fictional scenarios. In one 2007 work Fitness he rigged exercise machines with remote control technology so that the viewer can get a virtual ‘workout’ by pressing buttons.”

Perhaps the least successful sections are the promising-sounding artist interviews where responses turn out to be  perfunctory. “Do you believe in true love?” “Yes”. Perhaps the fault lies in the skills of the interviewers who use closed-ended questions without follow up. But then again the snappy style was ubiquitous across the responses and could in fact be a telling reflection of the essential culture of this generation of artists: a time-starved, light-chat-as-snack culture propagated by the internet social media.

What we liked most was the sense that the editors had tried to reflect the real art scene as they experience it on the ground, even though their take may be viewed as controversial.

“In the past several years outside of China a number of contemporary art exhibitions featuring young Chinese artists showcased artistic forms such as video, multimedia and installation which gave the impression that painting was passe… while we have observed that the employment of these ‘new media’ is widespread (quite a few artists work in more than one discipline), painting is very much a driving force in the contemporary art scene.”

Find below more facts about the how the artists have been selected and their names.

Further criteria used for selection:

  • representative of the generation – themes which reflect the mindset of the generation
  • origins in mainland China – born and raised there
  • the variety of media actually used by artists – while ” new media is widespread, painting is still a driving force in contemporary art scene”
  • local/international exposure
  • body of work showing discernable artistic development
  • independence of thought and
  • authenticity

No account was given of the market value of the works.

Artists are:

Birdhead, Cao Fei, Chen Ke, Chen Quilin, Chi Peng, Gong Jian, Han Yajuan, Li Hui, Li Jikai, Li Qing, Li Yu and Liu Bo, Liang Yue, Liu Ding, Liu Ren, Liu Weijian, Ma Yanhong, Qiu Xiaofei, Ta Men (THEY), Tang Maohong, Wang Guangle, Wei Jia, Wen Ling, Wu Junyong, Xu Zhen, Yang Yong, Zhang Ding, Zhou Jinhua.

To buy Young Chinese Artists: The Next Generation click here

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Emerging Chinese conceptual artist Li Hui defies recession at Christies Hong Kong Asian art sale December 2008

Posted by artradar on December 6, 2008


Amber

Amber

EMERGING CHINESE ARTIST HONG KONG AUCTION

Christie’s Asian Contemporary Art sale on 1 December was surprisingly encouraging for the art market, at least the Asian contemporary art market, although perhaps not too much should be read into that just yet. Nevertheless it was successful.

Some commentators have moaned that only half the lots did anything and in any event that estimates were restrained. This is just silly. In the present financial environment it should have been a disastrous sale. Going by previous economic downturns, it would have been.

But for some reason it did ok, in fact more than just ok, and right now that “ok” is very impressive, even ‘encouraging’. Interpreting this is difficult but it probably has a lot to do with the massive expansion of the art market since the last major downturn in the late 80s (by comparison the Tech Crash was just a wobble) and the fact that the market has also matured enormously since then, becoming vastly more professional, transparent (yes, compared to where it used to be, it is now positively crystal) and its consumers more numerous and as a whole better educated. To see whether Christie’s sale was a one off or whether there is real significance to be gleaned from it, we’ll just have to wait for further similar sales around the world in the next 6 to 12 months.

One of the artists who made the sale successful was Li Hui, a conceptual artist who works in diverse mediums including transparent neon-lit perspex sculptures and laser beams. Born in 1977, he graduated from Beijing’s Central Academy of Fine Arts in 2003. Since then he’s been very busy and has gained a lot of attention, particularly from Taiwan and Korea, but not so much in the West. Until now.

On sale at Christies was Lot 912 Amber (2006), a transparent LED lamp, acrylic and stainless steel sculpture in the shape of a generic sports car and encasing the (also transparent) skeleton of a huge reptile. This work was previously shown at the 2006 Shanghai Biennial. It looks just stunning. As for its intellectual games, well for now I leave them to you. Christie’s estimate was HK$500,000 – $800,000 (USD $64,808 – $103,692). It’s sale price was HK$1,580,000 (USD$204,879), a sliver shy of double the highest estimate. And just to prove it wasn’t a mistake, a similar work Lot 913 went for HK$1,160,000 (USD $150,418 ) or almost 50% higher than the high estimate.

And this is not the first time he has done this. Li Hui’s work has been outdoing estimates for a while. See for instance Christie’s May November 2007 and May 2008 sales. The figures are impressive enough but that is only half the story. Remember that Li Hui is still quite young, only 31. Also remember that these works are not paintings, there is no Pop Realism or Political Pop to be seen. This is very refined conceptual art. It might look cool but it still demands that you think hard about it. In this context, the sale prices are event more impressive. By no means is Li Hui’s work easily affordable art but I have no doubt that its market price is headed in one direction only.

chrismoore24030549    Contributed by Chris Moore, a writer and a partner in the contemporary art investment firm mooreandmooreart.co.uk. He lives in Shanghai and specialises in contemporary Chinese art.

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Posted in Art Funds, China, Chinese, Conceptual, Emerging artists, Hong Kong, Recession, Sculpture, Vehicles, Y Contributors | Tagged: , , , , , , , | Leave a Comment »