Unicorn Art Club
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Unicorn Art Club / All 30 artists

Zao Wou-Ki

1920-2013 · Lyrical Abstraction, School of Paris

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The club deal

Status
Fundraising open
Minimum per member
USD 100,000 (US residents: USD 200,000 individuals, USD 1,000,000 entities)
Fundraising target
5,000,000 USD
Selection window
12 months, with return of the capital if no suitable work is found
Vehicle
a dedicated SPV for this artist
Expected exit
between 3 and 7 years, through auction or private sale

How the club deal for each artist works · Costs

If no suitable work is found within 12 months, the capital paid in is returned.

Price range of the works the club looks for

from 1,000,000 to 6,000,000 USD (1-6 million for major oils in recent sales; monumental masterpieces over 10 million)

Market liquidity: high

Biography

Zao Wou-Ki was born in Beijing in 1920, trained at the Hangzhou academy and moved to Paris in 1948, where he joined the circle of postwar abstraction and later took French citizenship. He fused the space and calligraphic energy of Chinese landscape painting with the gestural language of Western lyrical abstraction, producing large oils titled only by their completion dates. For the market he is the anchor of the Hong Kong modern evening sales: his triptych Juin-Octobre 1985 made about US$65 million at Sotheby's in 2018, still the highest price for any painting sold in Hong Kong at that time, and his works appear in almost every major Asian sale season, with deep demand from Greater China collectors.

Auction record

65,000,000 USD: Juin-Octobre 1985, 1985, Sotheby's, Hong Kong, 2018-09-30 (source)

Recent auction results

Market data: public auction results with date, auction house and source, the same data as Unicorn Art Watch.

Museums

Sources

Prices and news on Unicorn Art Watch · Guides on investing in art on Unicorn Private Research

Risk: Investing involves the risk of losing capital.