ePaper
Subscribe
Newsletters
Search
Profile
The Year Ahead: 2023
Art market
Museums & heritage
Exhibitions
Books
Podcasts
Columns
Adventures with Van Gogh
Russia-Ukraine war
Subscribe
ePaper
Newsletters
The Year Ahead: 2023
Art market
Museums & heritage
Exhibitions
Books
Podcasts
Columns
Adventures with Van Gogh
Russia-Ukraine war
Collectors
archive

Saatchi purchase makes collector Howard Faber think again

$6m from sale of Chinese paintings, including a Zeng Fanzhi, encourages him to review his remaining collection

Melanie Gerlis
30 September 2008
Share

Howard Farber intended to sell only 30 contemporary Chinese paintings when he consigned them to Phillips de Pury in June. However, when he heard that one of them—Zeng Fanzhi’s Hospital Series, 1994—had sold to collector Charles Saatchi he revisited his remaining stock. Saatchi purchased the work for £860,000 ($1.7m), way above its estimate of £200,000-£300,000, and Mr Farber made around $6m in total from the sale.

Originally appeared in The Art Newspaper as 'Saatchi purchase makes collector think again'

CollectorsContemporary artChinese artPhillipsCharles Saatchi
Share
Subscribe to The Art Newspaper’s digital newsletter for your daily digest of essential news, views and analysis from the international art world delivered directly to your inbox.
Newsletter sign-up
Information
About
Contact
Cookie policy
Privacy policy
Terms and conditions
Advertise
Sister Papers
Sponsorship policy
Follow us
Facebook
Instagram
Twitter
YouTube
LinkedIn
© The Art Newspaper