現代與當代藝術 Modern & Contemporary Art

SPRING AUCTION 2026 TAIPEI

羅芙奧台北 2026 春季拍賣會 現代與當代藝術

RAVENEL SPRING AUCTION 2026 TAIPEI Modern and Contemporary Art 拍賣日期

地點

2026年5月24日（日）下午 1:30 萬豪酒店 台北市中山區樂群二路199號3樓（博覽廳） 預展日期

地點

台北 2026年5月22日（五）~ 5月24日（日）上午11:00至下午7:00 萬豪酒店 台北市中山區樂群二路199號3樓（博覽廳）

AUCTION Sunday, May 24, 2026, 1:30pm Marriott Taipei Grand Space, 3F, No. 199, Lequn 2nd Road, Zhongshan Dist., Taipei, Taiwan PREVIEWS Taipei Friday, May 22 - Sunday, May 24, 2026, 11:00am - 7:00pm Marriott Taipei Grand Space, 3F, No. 199, Lequn 2nd Road, Zhongshan Dist., Taipei, Taiwan

拍賣目錄每本售價：NT$2,000 This auction catalogue: US$70 per copy

王鎮華 Arthur Wang 董事長 Chairman

林慧菁 Maggie Lin

陳惠黛 Odile Chen

藝術部 資深副總經理 Senior Vice President, Art Department

國際藝術部 總經理 Head of International Art Department

傅斐郡 Flora Fu

林恒如 Nina Lin

陳昱良 Iris Chen

藝術部 顧問 Consultant, Art Department

藝術部 業務助理 Sales Assistant, Art Department

國際藝術部 經理 Manager, International Art Department

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8

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目次 CONTENTS 5

羅芙奧春季拍賣會

Sale Information 8

羅芙奧之服務

Ravenel Services 11

藝術家索引

Index 12

現代與當代藝術

Modern and Contemporary Art 165

給予買家的重要通知

Important Notice to Buyers 167

委託競投表格

Absentee Bid Form 169

業務規則

Transaction Agreement

10

藝術家索引 INDEX A Ai Xuan

艾軒

B

Guy Bardone Fernando Botero Bernard Buffet Jon Burgerman Javier Gonzalez Burgos Byun Sehee

居．巴赫東 78 費爾南多．波特羅 61 貝爾納．畢費 108 喬恩．布爾格曼 3 哈維爾．岡薩雷斯．布爾戈斯124 邊世喜 13

C

Cai Zhisong Chang Chao-Tang Chang Chia-Ying Chang Li-Ren Sophie Chang Chang Tao-Lin Bernard Charoy Chen Cheng Wei Hilo Chen Chen Ting-Shih Chen Wei-Ting Chiu Ya-Tsai Chu Teh-Chun Chuang Che

蔡志松 張照堂 張嘉穎 張立人 張淑芬 張道林 貝爾納．夏洛瓦 陳承衛 陳昭宏 陳庭詩 陳威廷 邱亞才 朱德群 莊喆

82 88 72 81 65 70 76 74 77, 80 52 31, 32 39 57, 58 23, 48, 70

D

Dong Shawhwei Mr Doodle

董小蕙 塗鴉先生

42, 50, 51 4

E

Etsu Egami

江上越

9

F

Alex Face Fan Yang Tsung Arman Fernandez

亞歷克斯．費斯 范揚宗 阿曼．費爾戴儂

20 45 29

G

Bernard Gantner René Genis

貝爾納．甘德納 賀內．吉尼斯

16 84

H

H.N. Han (Hsiang-Ning Han) Han Choong-Seok Camille Hilaire Yuichi Hirako Damien Hirst Hsia Yan Hsieh Hsiao-De Tehching Hsieh (Sam Hsieh) Benrei Huang Poren Huang Dennis Hwang

韓湘寧 韓忠錫 卡密．伊列魯 平子雄一 達明．赫斯特 夏陽 謝孝德 謝德慶

49 2 87 95 100 33 91 107

黃本蕊 黃柏仁 黃志超

123 122 34, 46

I

Kiriko Iida Aya Ito

飯田桐子 伊藤彩

7, 8 10

J

Jan Chin-Shui Ju Ming

詹金水 朱銘

K

Kwan-Young Kim Miwa Komatsu

金官泳 小松美羽

55

90 67, 114, 119, 126-128 15 101, 102

L Yayoi Kusama

草間彌生 李英培 李真 廖繼春 林葆靈 林煒翔 亞當．里斯特 劉國松

M Ma Pai-Sui

馬白水 松山智一 元永定正 Mr 村上隆

38 105 5, 6 12, 98 92-94

N Tomoko Nagai

Moe Nakamura Yoshitomo Nara Nksin

長井朋子 中村萌 奈良美智 Nksin

11, 21 123 106, 118 19

P

Pang Jiun Edgar Plans

龎均 艾德加．普連斯

R

Ren Zhe

任哲

S

Matías Sánchez Koso Sato Shiy De-Jinn David Shrigley Pierre Soulages

馬蒂亞斯．桑切斯 佐藤公聰 席德進 大衛．史瑞格里 皮耶．蘇拉吉

T

Keiichi Tanaami Walasse Ting Pierre-Yves Trémois Yoshimasa Tsuchiya

田名網敬一 125 丁雄泉 25, 37, 47, 62, 65 皮耶－伊夫．特墨 113 土屋仁応 115, 116, 124

Lee Bae Li Chen Liao Chi Lin Bao Ling Lin Wei-Hsiang Adam Lister Liu Kuo-Sung Tomokazu Matsuyama Sadamasa Motonaga Mr Takashi Murakami

V Willy Verginer

威利．維傑納

W Wang Pan-Youn

王攀元 王淑鈴 渡部滿

X Xu Bing

徐冰 薛松

Y Mayuka Yamamoto Ryoichi Yamazaki Yang Chihung Akihiko Yoshida

山本麻友香 山崎龍一 楊識宏 吉田昭彥（仁吉）

Z

Zao Wou-Ki Zhan Wang

趙無極 展望

Suling Wang Mitsuru Watanabe Xue Song

28, 109, 111 24, 27 68, 69 56 90 75 17, 18 44, 53

44, 54 26 121 86 85 35, 36 99 83

30 40, 41 73 14 60 79 22, 96, 97 1 63, 80 117, 118 59, 103, 104 112

001

RYOICHI YAMAZAKI (Japanese, b. 1976)

Pension Agency; Fighter; Little My; Got Buzzed ; Deep Blue (A set of 5) 2013, 2018, 2012, 2011, 2024 Pencil, color on paper; oil on board 22 x 12 cm; 25 x 17.2 cm; 19.8 x 22 cm; 13 xw 10 cm; 15 x 10 cm Signed and dated on the surface (each) Signed reverse Ryochi Yamazaki and dated 2024 (Deep Blue) This lot is accompanied by a certificate of authenticity issued by Art Gallery Komori, Nagoya.

NT$ 50,000 - 100,000 HK$ 12,000 - 25,000 US$ 1,600 - 3,100 RMB 11,000 - 22,000

12

山崎龍一 年金機構；鬥士；小不點；微醺；深藍色 （五件一組） 2013, 2018, 2012, 2011, 2024 鉛筆 色鉛筆 紙本；油彩 木板 22 x 12 cm; 25 x 17.2 cm; 19.8 x 22 cm; 13 x 10 cm; 15 x 10 cm 簽名年代畫面 (每件) 簽名畫背：Ryochi Yamazaki 2024 (深藍色) 附小森畫廊開立之原作保證書

002

HAN CHOONG-SEOK

韓忠錫

(Korean, b. 1981)

無題

Untitled

2022

2022 Color pencil on paper 21 x 29.7 cm Signed lower right HAN and dated 2022

21 x 29.7 cm

This lot is accompanied by a certificate of authenticity issued by J.P. Art Center, Kaohsiung.

NT$ 30,000 - 60,000 HK$ 7,000 - 15,000 US$ 900 - 1,900 RMB 6,000 - 13,000

色鉛筆 紙本 簽名右下：2022 HAN 附琢璞藝術中心開立之原作保證書

003

JON BURGERMAN

喬恩．布爾格曼

(American, b. 1979)

嗨皮大團聚

Happy Reunion

2021

2021 Aerosol and oil bar on wood panel 45.7(L) x 35.5(W) x 1.9(D) cm Signed reverse Jon Burgerman and dated 2021

45.7(長) x 35.5(寬) x 1.9(厚) cm

EXHIBITED

Face Time, Dopeness Art Lab, Taipei, December 11, 2021 – January 2, 2022, no. 03.

This lot is accompanied by a certificate of authenticity signed by the artist and issued by Dopeness Art Lab, Taipei.

NT$ 50,000 - 80,000 HK$ 12,000 - 20,000 US$ 1,600 - 2,500 RMB 11,000 - 17,000 14

氣溶膠 油畫棒 木板 簽名畫背：Jon Burgerman 2021 展覽

Face Time, Dopeness Art Lab，台北，展期 2021年12月11日至2022年1月2日，編號03 附放肆藝術國際有限公司開立之藝術家簽名 原作保證書

004

MR DOODLE (British, b. 1994)

塗鴉先生 悠哉的米奇

Chilling Mouse

2018

2018 Acrylic on canvas 61 x 45 cm Signed reverse MR DOODLE! , titled CHILLING MOUSE and dated 2018

61 x 45 cm

NT$ 90,000 - 180,000 HK$ 22,000 - 44,000 US$ 2,800 - 5,600 RMB 19,000 - 39,000

壓克力 畫布 簽名畫背：CHILLING MOUSE MR DOODLE! 2018

005

SADAMASA MOTONAGA

元永定正

(Japanese, 1922-2011)

來自橢圓形

From the Shape of an Ellipse

1990

1990 Watercolor on paper 24.2 x 27.3 cm Signed lower center S. Motonaga and dated ‘90 With one seal of the artist Signed reverse Sadamasa Motonaga in kanji, titled From the Shape of an Ellipse in Japanese and dated 1990

24.2 x 27.3 cm

PROVENANCE

水彩 紙本 簽名下方：S. Motonaga '90 鈐印右下：元 簽名畫背：だえんのかたちから 一九九O年 元永定正 來源

私人收藏，亞洲

Private collection, Asia China Guardian, Hong Kong, August 8, 2020, lot 39 Acquired from the above by the present owner

中國嘉德，香港，2020年8月8日，編號39

This lot is accompanied by a certificate of authenticity issued by the Motonaga Archive Research Institution, Japan, with registration number p(s)22-90.

書；登錄番號p(s)22-90

NT$ 70,000 - 100,000 HK$ 17,000 - 25,000 US$ 2,200 - 3,100 RMB 15,000 - 22,000 16

現有收藏者購自上述來源 附日本元永定正資料研究室開立之作品鑒定

006

SADAMASA MOTONAGA

元永定正

(Japanese, 1922-2011)

網上的三個形狀

Three Shapes on the Mesh

1989

1989 Watercolor on paper 24.2 x 27.3 cm Signed lower right S. Motonaga and dated ‘89 Signed reverse Sadamasa Motonaga in kanji, titled Three Shapes on the Mesh in Japanese and dated 1989

24.2 x 27.3 cm

PROVENANCE

水彩 紙本 簽名右下：S Motonaga '89 簽名畫背：だえんのかたちから 一九八九年 元永定正 來源

私人收藏，亞洲

Private collection, Asia China Guardian, Hong Kong, August 8, 2020, lot 39 Acquired from the above by the present owner

中國嘉德，香港，2020年8月8日，編號39

This lot is accompanied by a certificate of authenticity issued by the Motonaga Archive Research Institution, Japan, with registration number p(s)20-89.

登錄番號p(s)20-89

NT$ 70,000 - 100,000 HK$ 17,000 - 25,000 US$ 2,200 - 3,100 RMB 15,000 - 22,000

現有收藏者購自上述來源 附日本元永定正資料研究室開立之作品鑑定書；

007

KIRIKO IIDA (Japanese, b. 1970)

飯田桐子 祈禱之子 2

Prayer Child 2

2019

2019 Oil on canvas 22.7 x 15.8 cm

22.7 x 15.8 cm

This lot is accompanied by a certificate of authenticity issued by Gallery IDF, Nagoya and signed by the artist.

NT$ 70,000 - 110,000 HK$ 17,000 - 27,000 US$ 2,200 - 3,500 RMB 15,000 - 24,000 18

油彩 畫布

附IDF畫廊開立與藝術家簽名之原作保證書

008

KIRIKO IIDA (Japanese, b. 1970)

飯田桐子 祈禱之子 1

Prayer Child 1

2019

2019 Oil on canvas 33.3 x 24.2 cm Signed reverse Kiriko Iida and dated 2019

33.3 x 24.2 cm

This lot is accompanied by a certificate of authenticity issued by Gallery IDF, Nagoya and signed by the artist.

NT$ 70,000 - 140,000 HK$ 17,000 - 34,000 US$ 2,200 - 4,400 RMB 15,000 - 30,000

油彩 畫布 簽名畫背：Kiriko Iida 2019 附IDF畫廊開立與藝術家簽名之原作保證書

009

ETSU EGAMI

江上越

(Japanese, b. 1994)

藝術家－Z

Artist - Z

2020

2020 Acrylic on canvas 91 x 72.5 cm Signed lower edge Egami Etsu and dated 2020

91 x 72.5 cm

NT$ 90,000 - 180,000 HK$ 22,000 - 44,000 US$ 2,800 - 5,600 RMB 19,000 - 39,000 20

壓克力 畫布 簽名下方：Egami Etsu 2020

010

AYA ITO

伊藤彩

(Japanese, b. 1987)

烈焰中的城市守護者

City Saviour on Fire

2020

2020 Oil on canvas 73 x 103.5 cm

73 x 103.5 cm

This lot is accompanied by a certificate of authenticity issued by Yiri Art, Taipei.

NT$ 100,000 - 160,000 HK$ 25,000 - 39,000 US$ 3,100 - 5,000 RMB 22,000 - 35,000

油彩 畫布

附伊日藝術開立之原作保證書

011

TOMOKO NAGAI

長井朋子

(Japanese, b. 1982)

小一文醬

Little Ichimon-chan

2020

2020 Oil on canvas 45 x 50 cm Signed reverse Tomoko Nagai , dated 2020 and titled Little Ichimon-chan in Japanese

45 x 50 cm

NT$ 110,000 - 220,000 HK$ 27,000 - 54,000 US$ 3,500 - 6,900 RMB 24,000 - 48,000 22

油彩 畫布 簽名畫背：小さいいちもんちやん 2020 Tomoko Nagai

012

MR

MR

(Japanese, b. 1969)

野鴕鳥

Wild Ostrich

2012

2012 Watercolor, pen and pencil on paper 14.8 x 21 cm Signed lower right Mr. and dated 2012 Dated upper right 2012

14.8 x 21 cm

PROVENANCE

Perrotin, Hong Kong EXHIBITED

Mr. Solo Exhibition, Perrotin Hong Kong, September 14 – October 20, 2018

NT$ 120,000 - 190,000 HK$ 29,000 - 47,000 US$ 3,800 - 6,000 RMB 26,000 - 41,000

水彩 鋼筆 鉛筆 紙本 簽名右下：2012 Mr. 年代左上：2012 來源

貝浩登，香港 展覽

「MR個展」，貝浩登畫廊，香港，展期2018年 9月14日至10月20日

013

BYUN SEHEE (Korean, b. 1990)

邊世喜 我深愛的世界 #6

Beloved My World #6

2021

2021 Acrylic on canvas 112.1 x 112.1 cm Signed upper center Byun Sehee in Korean and titled Beloved My World #6 in Korean Signed, titled and dated reverse

112.1 x 112.1 cm

This lot is accompanied by a certificate of authenticity issued by Richart Gallery, Taichung.

NT$ 160,000 - 240,000 HK$ 39,000 - 59,000 US$ 5,000 - 7,500 RMB 35,000 - 52,000 24

壓克力 畫布 簽名上方：사랑하는 나의세계 #6 簽名題識畫背 附台中大雋藝術開立之原作保證書

014

MITSURU WATANABE

渡部滿

(Japanese, b. 1953)

由希子和椿花

Yukiko with Camellia

2001

2001 Oil, gold leaf and tempera on canvas, mounted on board Diameter 33.5 cm With one painted seal of the artist Signed reverse Mitsuru Watanabe , titled Yukiko with Camellia in kanji and dated 01.4.25

直徑 33.5 cm

PROVENANCE

Zhong Cheng Auction, Taipei, June 10, 2018, lot 213 Acquired from the above by the present owner This lot is accompanied by a certificate of authenticity issued by Galerie Elegance, Taipei.

NT$ 280,000 - 380,000 HK$ 69,000 - 93,000 US$ 8,800 - 11,900 RMB 61,000 - 82,000

油彩 金箔 蛋彩 畫布錶於木板 鈐印右下：MW 畫背簽名：01.4.25 由希子と椿 渡部滿 來源

中誠拍賣，台北，2018年6月10日，編號213 現藏者購自上述來源 附台北愛力根畫廊開立之原作保證書

015

KWAN-YOUNG KIM (Korean, b. 1976)

金官泳 無意識的記憶 521

The Memory of the Unconscious 521

2021

2021 Mixed media on canvas 112 x 112 cm Signed reverse KIM KWAN YOUNG , titled The Memory of the Unconscious 521 and dated 2021.4.27

112 x 112 cm

NT$ 280,000 - 380,000 HK$ 69,000 - 93,000 US$ 8,800 - 11,900 RMB 61,000 - 82,000 26

綜合媒材 畫布 簽名畫背：The Memory of the Unconscious 521 KIM KWAN YOUNG 2021.4.27

016

BERNARD GANTNER

貝爾納．甘德納

(French, 1928-2018)

冬日風情

Village sous la neige, Étobon

1965

1965 Oil on canvas 89 x 116 cm Signed lower right Gantner Signed reverse Gantner, dated 1965 and titled Village sous la neige, Etobon

89 x 116 cm

PROVENANCE

Eric Pillon Enchère, Le Touquet, France, May 19, 2002, lot 114

NT$ 260,000 - 400,000 HK$ 64,000 - 98,000 US$ 8,200 - 12,600 RMB 56,000 - 87,000

油彩 畫布 簽名右下：Gantner 簽名畫背：Gantner 1965 Village sous la neige, Etobon 來源

艾瑞克．皮隆拍賣行，法國勒圖凱， 2002 年 5 月 19 日，編號 114

017

ADAM LISTER

亞當．里斯特

(American, b. 1978)

南瓜—向草間致敬

Pumpkin, Homage to Kusama

2020

2020 Acrylic on canvas 133.5 x 135 cm Signed reverse A LISTER , dated 2020 and titled PUMPKIN (AFTER KUSAMA)

133.5 x 135 cm

This lot is accompanied by a certificate of authenticity signed by the artist.

NT$ 340,000 - 500,000 HK$ 83,000 - 123,000 US$ 10,700 - 15,700 RMB 74,000 - 108,000 28

壓克力 畫布 簽名畫背：A LISTER 2020 PUMPKIN (AFTER KUSAMA) 附藝術家簽名之作品保證書

018

ADAM LISTER

亞當．里斯特

(American, b. 1978)

沃荷美元符號

Warhol $

2020

2020 Acrylic on canvas 240 x 194 cm Signed reverse A LISTER , dated 2020 and titled DOLLAR (AFTER WARHOL)

240 x 194 cm

This lot is accompanied by a certificate of authenticity signed by the artist.

NT$ 550,000 - 850,000 HK$ 135,000 - 208,000 US$ 17,300 - 26,700 RMB 119,000 - 184,000

壓克力 畫布 簽名畫背：A LISTER 2020 DOLLAR (AFTER WARHOL) 附藝術家簽名之作品保證書

019

NKSIN (Japanese-Filipino, b. 1994)

NKSIN

我的紳士 7

My Gentleman 7

2022

2022 Acrylic on canvas 162 x 130 cm Signed revese NKSIN and dated 2022

162 x 130 cm

EXHIBITED

2022 Taipei Dangdai World Trade Center, Taipei, May 19-22, 2022

NT$ 300,000 - 600,000 HK$ 74,000 - 147,000 US$ 9,400 - 18,800 RMB 65,000 - 130,000 30

壓克力 畫布 簽名畫背：2022 NKSIN 展覽

「2022台北當代藝術博覽會」，台北世貿一館， 台北，展期2022年5月19日至22日

020

ALEX FACE

亞歷克斯．費斯

(Thai, b. 1981)

超能力兔子一號

Super Power Rabbit Kid No.1

2019

2019 Spray, oil and acrylic on linen 60 x 80 cm Signed upper right Alex Face and dated 19

60 x 80 cm

This lot is accompanied by a certificate of authenticity issued by Vertical Gallery, Newport.

NT$ 500,000 - 600,000 HK$ 123,000 - 147,000 US$ 15,700 - 18,800 RMB 108,000 - 130,000

噴漆 油彩 壓克力 亞麻布 簽名右上：Alex Face 19 附 Vertical 畫廊開立之原作保證書

021

TOMOKO NAGAI (Japanese, b. 1982)

Orange Light 2020 Oil on canvas 145.5 x 112 cm Signed reverse Signed stretcher bar Tomoko Nagai, dated 2020 and titled Orange Light in Japanese This lot is accompanied by a certificate of authenticity issued by Hiro Hiro Art Space, Taipei.

NT$ 550,000 - 750,000 HK$ 135,000 - 184,000 US$ 17,300 - 23,500 RMB 119,000 - 162,000 長井朋子 橘光 2020 油彩 畫布 145.5 x 112 cm 簽名畫背框條：オレンジ色の光 2020 Tomoko Nagai 附 Hiro Hiro 藝術空間開立之原作保證書

32

022

MAYUKA YAMAMOTO (Japanese, b. 1964)

Little Red Bear 2020 Oil on canvas 33 x 33 cm Signed overlap Mayuka , dated 2020 and titled Little Red Bear EXHIBITED

New Works By Erika Sanada and Mayuka Yamamoto, Corey Helford Gallery, Los Angeles, October 3 - November 7, 2020

NT$ 550,000 - 850,000 HK$ 135,000 - 208,000 US$ 17,300 - 26,700 RMB 119,000 - 184,000 山本麻友香 紅熊男孩 2020 油彩 畫布 33 x 33 cm 簽名畫布折入處：Little Red Bear Mayuka 2020 展覽

「艾瑞克．真田與山本麻友香新作展」，科里．赫福德畫廊， 洛杉磯，展期 2020年10月3日至11月7日。

34

023

CHUANG CHE

莊喆

(Chinese-American, b. 1934)

抽象

Abstraction

1971

1971 Oil, acrylic and rice paper on canvas 85 x 100 cm Signed lower right Chuang Che in Chinese and dated 71

85 x 100 cm

NT$ 400,000 - 600,000 HK$ 98,000 - 147,000 US$ 12,600 - 18,800 RMB 87,000 - 130,000 36

油彩 壓克力 彩紙拼貼 畫布 簽名右下：莊喆 71

024

LEE BAE (Korean, b. 1956)

李英培 筆觸 K 14

Brushstroke-K14

2021

2021 Charcoal paint on paper 42 x 30 cm Signed lower right Lee Bae dated 2021, titled Brushstroke-K14 in Korean

42 x 30 cm

NT$ 550,000 - 650,000 HK$ 135,000 - 159,000 US$ 17,300 - 20,400 RMB 119,000 - 141,000

炭墨 紙本 簽名右下：Lee Bae 2021 붓질 -K14

025

WALASSE TING (Chinese-American, 1929-2010)

I Dream 1986 Acrylic on canvas 40 x 51 cm Signed reverse Ting , titled I Dream and dated 1986 PROVENANCE

Bruun Rasmussen auction, Denmark, December 8, 2014, lot 1400 Kingsley’s Art Auction, Taipei, May 8, 2016, lot 50 Acquired from the above by the present owner

NT$ 600,000 - 700,000 HK$ 147,000 - 172,000 US$ 18,800 - 22,000 RMB 130,000 - 152,000 丁雄泉 我夢 1986 壓克力 畫布 40 x 51 cm 簽名畫背：I Dream Ting 86 來源

布魯恩．拉斯穆森拍賣，丹麥，2014年12月8日， 編號1400 金仕發，台北，2016年5月8日，編號50 現有收藏者購自上述來源

38

026

EDGAR PLANS (Spanish, b. 1977)

What’s Art 2018 Acrylic, pastel, oil and marker on canvas 56 x 46 cm Signed lower right Plans Titled upper left What’s Art Signed reverse Plans and titled What’s Art PROVENANCE

Galerie Marita Segovia, Madrid Acquired from the above by the present owner in 2019 EXHIBITED

Summertime'18 - The Annual Group Show 14th Edition, Galleri Christoffer Egelund, Copenhagen, June 15 - August 25, 2018

NT$ 800,000 - 1,200,000 HK$ 196,000 - 294,000 US$ 25,100 - 37,700 RMB 173,000 - 260,000 艾德加．普連斯 藝術是什麼 2018 壓克力 粉彩 油彩 麥克筆 畫布 56 x 46 cm 簽名右下：Plans 題識左上：What's Art 簽名畫背：What's Art Plans 來源

瑪莉塔．塞哥維亞畫廊，馬德里 現有收藏者得自上述來源，2019年 展覽

「夏日時光'18 - 第14屆年度聯展」，克里斯托弗．埃格隆德畫廊， 哥本哈根，2018年6月15日至 8月25日

40

027

LEE BAE

李英培

(Korean, b. 1956)

無題

Untitled

2016

2016 Acrylic and charcoal on canvas 92 x 73 cm Signed reverse Lee Bae in English and Korean, dated 2016 and inscribed 92 x 73 cm, à Paris

92 x 73 cm

壓克力 炭墨 畫布 簽名畫背：이배 92 x 73 cm 2016 à Paris

NT$ 1,100,000 - 2,200,000 HK$ 270,000 - 539,000 US$ 34,500 - 69,000 RMB 238,000 - 476,000 韓國當代藝術家李英培，1956年生於韓國清道，是當今國 際藝壇最具影響力的韓國藝術家之一，也被視為繼「單色 畫」（Dansaekhwa）運動後，成功將韓國傳統美學推向 全球當代語境的代表人物。 李英培的藝術創作在極簡的形式中蘊含著巨大的身體能 量。本次拍賣 lot 24《筆觸 K14》藝術家標誌性的「筆 觸」系列（Brushstroke），他將木炭粉末轉化為帶有質感 的媒材，在紙本上留下果斷且充滿節奏的痕跡。而在 lot 27《無題》這件創作於2016年的畫布作品，他進一步透 過壓克力媒介與炭墨的疊加，創造出一種半透明的深度質 感。這些黑色的幾何形體彷彿懸浮於三維空間中，模糊了 繪畫與雕塑的邊界，體現了東方美學中「虛實相生」的哲 學思辯。 李英培的藝術成就備受國際認可，曾獲得韓國國立現代美 術館「年度藝術家」及法國榮譽軍團勳章。他的作品被全 球多個重量級機構納入公共收藏，包括韓國國立現代美術 館（MMCA）、三星美術館（Leeum）、首爾市立美術 館，以及法國吉美國立亞洲藝術博物館、塞努奇博物館和 西班牙普拉多美術館等。2024年，他更受邀於威尼斯雙年 展期間舉辦大型個人計畫，再次證明了他如何將深厚的東 方哲學轉化為跨越文化隔閡的普世美學。 Lee Bae (b. 1956, Cheongdo, South Korea) is regarded as one of the most influential Korean artists on the international stage today, and is widely considered a leading figure in the post-Dansaekhwa generation, having successfully propelled Korean traditional aesthetics into a global contemporary discourse.

42

Lee’s practice is defined by an austere formal language that nonetheless carries an intense bodily presence. In Brushstroke K14 (Lot 24), from his signature Brushstroke series, the artist transforms carbon powder into a richly textured medium, leaving decisive, rhythmically charged traces across the paper surface. In Untitled (Lot 27), a canvas work executed in 2016, he further develops this language through the layering of acrylic and carbon ink, generating a translucent sense of depth. The resulting black geometric forms appear to hover within a threedimensional space, dissolving the boundary between painting and sculpture, and embodying the East Asian philosophical notion of the interdependence of void and form (xu shi xiang sheng).

Lee Bae’s artistic achievements have received significant international recognition. He has been awarded the “Artist of the Year” by the National Museum of Modern and Contemporary Art, Korea (MMCA), as well as the Ordre national de la Légion d’honneur in France. His works are held in major public collections worldwide, including the National Museum of Moder n and Contemporary Art (MMCA), Seoul; Leeum Museum of Art; Seoul Museum of Art; the Guimet National Museum of Asian Arts, Paris; the Musée Cernuschi; and the Museo del Prado, Madrid. In 2024, he was invited to present a major solo project during the Venice Biennale, further affirming his ability to translate a deeply rooted Eastern philosophy into a universal visual language that transcends cultural boundaries.

028

YAYOI KUSAMA

草間彌生

(Japanese, b. 1929)

晨曦

Morning

1981

1981 Pastel, ink and acrylic on paper, collage 63.9 x 43.6 cm Signed lower right Yayoi Kusama and dated 1981 Signed reverse Yayoi Kusama , dated 1981 and titled Morning in kanji

63.9 x 43.6 cm

PROVENANCE

Private Collection, Tokyo Mallet Japan, Tokyo, October 26, 2007, lot 56 Tokyo Bayside Gallery, Tokyo Phillips, Hong Kong, November 26, 2024, lot 127 Acquired from the above by the present owner

粉彩 水墨 壓克力 紙本 拼貼 簽名右下：Yayoi Kusama 1981 題識畫背：朝 Yayoi Kusama 1981 來源

私人收藏，東京 日本馬雷特拍賣，東京，2007年10月26日，編號56 灣岸畫廊，東京 富藝斯，香港，2024年11月26日，編號127 現藏者購自上述來源 附草間彌生工作室開立之作品登錄卡

This lot is accompanied by a registration card issued by the artist’s studio.

NT$ 1,300,000 - 2,200,000 HK$ 319,000 - 539,000 US$ 40,800 - 69,000 RMB 281,000 - 476,000

草間彌生以鮮明的圓點與網狀圖騰，構築出介於幻覺與 現實之間的藝術宇宙。她將童年反覆出現的視覺幻象轉 化為創作語言，使藝術成為自我療癒的途徑。「自我消 融」（Self-Obliteration）即在無限延展的圖像中，使 個體融入宇宙的無垠；而「無限網」與「圓點」的反覆 鋪陳，則體現生命持續增殖的內在節律。1981 年《晨 曦》呈現她自紐約返日後的內省轉折。作品融合粉彩、 水墨與拼貼，在橢圓構圖中置入真實鳥影，外圍環繞細 密如細胞的網紋。幽微水墨營造出深邃氛圍，使具象與 幻象取得靜謐平衡；鳥的意象亦成為通往其內在宇宙的 隱喻，將病痛轉化為詩意的療癒力量。 Yayoi Kusama (b. 1929) constructs an artistic universe that hovers between hallucination and reality through her vivid polka dots and net-like motifs. She transforms the recurring visual hallucinations of her childhood into a creative language, making art a

44

pathway for self-healing. “Self-Obliteration” refers to the dissolution of the individual into the boundless universe through infinitely extending imagery, while the repeated layering of “infinity nets” and “polka dots” embodies the inner rhythm of life’s continuous proliferation.

Morning (1981) reflects a moment of introspective transition following her retur n to Japan from New York. The piece combines pastel, ink, and collage, placing a realistic bird silhouette within an oval composition, surrounded by delicate, celllike network patterns. Subtle ink washes create a profound atmosphere, allowing figuration and illusion to achieve a quiet balance. The bird imagery also serves as a metaphor for accessing her inner universe, transforming suffering into a poetic force of healing.

029

ARMAN FERNANDEZ

阿曼．費爾戴儂

(French-American, 1928-2005)

小提琴桌

Table de Violons

1992

1992 Bronze, glass, ed. 5/8 102(Ø) x 40(H) cm Engraved base Arman Numbered bocquel fd 5/8

102(直徑) x 40(高) cm

PROVENANCE

Modern Art Gallery, Taichung Acquired from the above by the present owner This lot is accompanied by a certificate of authenticity signed by the artist.

NT$ 800,000 - 1,200,000 HK$ 196,000 - 294,000 US$ 25,100 - 37,700 RMB 173,000 - 260,000

46

銅雕 玻璃 版次 5/8 簽名雕刻底座：Arman 編號：bocquel fd 5/8 來源

現代畫廊，台中 現有收藏者購自上述來源 附藝術家簽名之作品保證書

030

WILLY VERGINER (Italian, b. 1957)

Il gioco infinito 2021 Lindenwood, acrylic color 68(L) x 88(W) x 214(H) cm Engraved on right lower leg W Verginer and dated 2021

NT$ 1,300,000 - 2,200,000 HK$ 319,000 - 539,000 US$ 40,800 - 69,000 RMB 281,000 - 476,000 威利．維傑納 無限遊戲 2021 椴木 壓克力著色 68(長) x 88(寬) x 214(高) cm 簽名雕刻右小腿：W Verginer dated 2021

031

CHEN WEI-TING

陳威廷

(Taiwanese, b. 1991)

感官樂園1：花盲

Sensory Garden 1: Flower Blindfold

2013

2013 Acrylic on canvas 45.5 x 33 cm Signed backing board Chen Wei-Ting , dated 2013 and titled Sensory Garden 1: Flower Blindfold in Chinese

45.5 x 33 cm

NT$ 30,000 - 60,000 HK$ 7,000 - 15,000 US$ 900 - 1,900 RMB 6,000 - 13,000

麻木的

壓克力 畫布 簽名畫框背板： 感官樂園1：花盲 最傷人的總出於最溫柔的 我們互相傷害 不停的 循環的 瘋狂的 你跟我是最偏執的 陳威廷 2013

48

032

CHEN WEI-TING

陳威廷

(Taiwanese, b. 1991)

出走1：小旅行

Runaway 1: Road Trip

2014

2014 Acrylic on canvas 80 x 69.5 cm Signed backing board Chen Wei-Ting , dated 2014 and titled Runaway 1: Road Trip in Chinese

80 x 69.5 cm

NT$ 60,000 - 120,000 HK$ 15,000 - 29,000 US$ 1,900 - 3,800 RMB 13,000 - 26,000

那是一種暖暖

壓克力 畫布 簽名畫框背板： 出走 1：小旅行 我想 我喜歡跟你在一起 不帶任何的不快樂 一溜煙地享受 陳威廷 2014

033

HSIA YAN

夏陽

(Taiwanese, b. 1932)

毛毛人系列

Fuzzy People Series

1965

1965 Mixed media on paper 37.5 x 27.5 cm Initialed lower left HY , signed Hsia in Chinese, dated 65 , and inscribed Madwoman in Chinese

37.5 x 27.5 cm

NT$ 100,000 - 200,000 HK$ 25,000 - 49,000 US$ 3,100 - 6,300 RMB 22,000 - 43,000

50

綜合媒材 紙本 簽名左下：瘋女 HY 夏65

034

DENNIS HWANG

黃志超

(Chinese-American, 1941-2025)

山隱於山林

Living in Forest

1971

1971

71 x 90 cm

Mixed media, wax dye on cotton 71 x 90 cm Signed lower right Chi-Chao in Chinese, Dennis Hwang in English and dated 1971 EXHIBITED

Dennis Hwang, United States Information Service, Taipei, 1972

NT$ 100,000 - 200,000 HK$ 25,000 - 49,000 US$ 3,100 - 6,300 RMB 22,000 - 43,000

綜合媒材 蠟染 棉布 簽名右下：志超 Dennis Hwang 1971 展覽

「黃志超個展」，美國新聞處，台北，1972年

035

SHIY DE-JINN

席德進

(Taiwanese, 1923-1981)

遠山水

Distant Mountains and Water

1980

1980 Watercolor on paper 56.5 x 76 cm Signed lower left Shiy De-jinn in Chinese and dated 1980

56.5 x 76 cm

NT$ 110,000 - 220,000 HK$ 27,000 - 54,000 US$ 3,500 - 6,900 RMB 24,000 - 48,000

52

水彩 紙本 簽名左下：1980 席德進

036

SHIY DE-JINN

席德進

(Taiwanese, 1923-1981)

李煜．虞美人

Calligraphy

1970年代晚期

Late 1970s Ink on paper 45 x 53 cm With two seals of the artist

45 x 53 cm

PROVENANCE

The Fei Shi Lou Collection, Taiwan China Guardian, Hong Kong, October 2, 2017, lot 797

NT$ 110,000 - 190,000 HK$ 27,000 - 47,000 US$ 3,500 - 6,000 RMB 24,000 - 41,000

水墨 紙本 鈐印右上：席氏書畫 鈐印左下：席德進印 釋文：春花秋月何時了 往事知多少 小樓昨夜又東風 故國不堪回首月明中 來源

飛石樓收藏，台灣 中國嘉德拍賣，香港，2017年10月2日， 編號797

037

WALASSE TING

丁雄泉

(Chinese-American, 1929-2010)

持扇美人

Girl With Flowers in Hair

壓克力 紙本

Acrylic on paper 48.5 x 71 cm With one seal of the artist

鈐印左上：採花大盜

PROVENANCE

Sam Francis Estate Gallery Delaive BV, Amsterdam Ravenel, Taipei, December 3, 2006, lot 71

NT$ 110,000 - 200,000 HK$ 27,000 - 49,000 US$ 3,500 - 6,300 RMB 24,000 - 43,000

54

48.5 x 71 cm 來源

山姆．法藍西斯遺產 德萊夫畫廊，阿姆斯特丹 羅芙奧，台北，2006年12月3日，編號71

038

MA PAI-SUI

馬白水

(Taiwanese, 1909-2003)

黎明（日月潭）

Dawn (Sun Moon Lake)

1993

1993 Watercolor on cotton 45 x 55 cm Signed lower right Pai-sui in Chinese and dated 1993 With one seal of the artist

45 x 55 cm

PROVENANCE

Modern Art Gallery, Taichung Acquired from the above by the present owner EXHIBITED

Ma Pai-Sui Solo Exhibition, Modern Art Gallery, Taichung, November 6-25, 1993 This lot is accompanied by a certificate of authenticity issued by Modern Art Gallery, Taichung.

NT$ 130,000 - 180,000 HK$ 32,000 - 44,000 US$ 4,100 - 5,600 RMB 28,000 - 39,000

水彩 棉布 簽名右下：白水 1993 鈐印右下：MA PAI SUI 來源

現代畫廊，台中 現有收藏者購自上述來源 展覽

「馬白水個展」，現代畫廊，台中， 展期1993年11月6日至11月25日 附現代畫廊開立之原作保證書

039

CHIU YA-TSAI

邱亞才

(Taiwanese, 1949-2013)

老師

Teacher

1992

1992 Oil on canvas 80.5 x 65 cm Signed lower right Chiu Ya-tsai in Chinese

80.5 x 65 cm

ILLUSTRATED

Chiu Ya Tsai, Ming Art Gallery, Taipei, 2009, color illustrated, p.150

NT$ 160,000 - 260,000 HK$ 39,000 - 64,000 US$ 5,000 - 8,200 RMB 35,000 - 56,000 56

油彩 畫布 簽名右下：邱亞才 圖錄

《邱亞才》，旻谷畫廊，台北，2009， 彩色圖版，頁150

040

WANG PAN-YOUN

王攀元

(Taiwanese, 1908-2017)

秋意

Autumn Scene

約1984年

c. 1984 Watercolor on paper 39.5 x 54 cm With one seal of the artist

39.5 x 54 cm

PROVENANCE

From the artist’s own collection, held for over 30 years Charity sales of United Way of Taiwan, Yilan, January 12, 2014 Former collection of Chu Ju-Wen (Chairman of Surewell Wholesale Co., Ltd), Yi-lan County Acquired from the above by the present owner

NT$ 180,000 - 280,000 HK$ 44,000 - 69,000 US$ 5,600 - 8,800 RMB 39,000 - 61,000

水彩 紙本 鈐印右下：王攀元印 來源

藝術家自藏逾三十年 宜蘭聯合勸募慈善義賣，2014年1月12日 朱儒文 (喜互惠董事長) 舊藏，宜蘭 現有收藏者購自上述來源

041

WANG PAN-YOUN

王攀元

(Taiwanese, 1908-2017)

人體

Figure

1980

1980, Watercolor on paper 54.3 x 55.7 cm Initialed lower right P.Y. Signed reverse Wang Pan-youn in Chinese, titled Figure in Chinese, dated 1980 and inscribed ⑯ With one seal of the artist

54.3 x 55.7 cm

PROVENANCE

Collection of Chang Kuei Hsing, Yilan, Taiwan (directly from the artist) Acquired from the above by the present owner in 2020 EXHIBITED

水彩 紙本 簽名右下：P.Y. 鈐印右下：王攀元 簽名畫背： ⑯1980 人體 王攀元 來源

張桂興先生收藏，宜蘭 (購自藝術家本人) 現有收藏者得自上述來源 (2020年) 展覽

「王攀元畫展」，台灣省立美術館 (今國

Wang Pan-youn, Taiwan Museum of Art, Taichung, June 27 –August 16, 1992

立台灣美術館)，台中，展期1992年6月

ILLUSTRATED

圖錄

Wang Pan-youn’s Exhibition, Taiwan Museum of Art, 1992, Taichung, color illustrated, pp. 44-45

《王攀元畫展》，台灣省立美術館，台

NT$ 220,000 - 340,000 HK$ 54,000 - 83,000 US$ 6,900 - 10,700 RMB 48,000 - 74,000 58

27日至8月16日

中，1992，彩色圖版，頁44-45

042

DONG SHAW-HWEI

董小蕙

(Taiwanese, b. 1962)

瓶花

Azaleas in Green Glass Bottle Vase

2000

2000 Oil on canvas 73 x 61 cm Signed lower left S.Hwei and dated 2000

73 x 61 cm

PROVENANCE

Mingshan Art, Taipei Acquired from the above by the present owner This lot is accompanied by a certificate of authenticity issued by Mingshan Art, Taipei.

NT$ 360,000 - 500,000 HK$ 88,000 - 123,000 US$ 11,300 - 15,700 RMB 78,000 - 108,000

油彩 畫布 簽名左下：S.Hwei 2000 來源

名山藝術，台北 現有收藏者購自上述來源 附名山藝術開立之原作保證書

043

PANG JIUN

龎均

(Taiwanese, b. 1936)

六龜雲雨

Clouds and Rain over Liugui

1994

1994 Oil on canvas 50.5 x 61 cm Signed lower right Pang Jiun in Chinese and dated 1994 With one painted seal of the artist Signed reverse Pang Jiun in Chinese, Monet Pang-Jiun , dated 1994 , titled Clouds and Rain over Liugui in Chinese and inscribed 12F

50.5 x 61 cm

ILLUSTRATION

The Art of Pang Jiun, Artist Publishing Co., Taipei, 1994, p. 11 This lot is accompanied by a certificate of authenticity signed by the artist.

NT$ 320,000 - 460,000 HK$ 78,000 - 113,000 US$ 10,000 - 14,400 RMB 69,000 - 100,000 60

油彩 畫布 簽名右下：龎均 1994 鈐印右下：均 簽名畫背：龎均 12F《六龜雲雨》 MONET PANG JIUN 1994 圖錄

《龎均油畫選》，藝術家出版社，台北， 1994年，頁11 附藝術家簽名之作品保證書

044

LIU KUO-SUNG

劉國松

(Taiwanese, b. 1932)

高昌古城

Ancient City of Gaochang

1997

1997 Ink and color on paper 32 x 45.5 cm Signed lower left Liu Kuo-Sung in Chinese and dated 1997 With one seal of the artist

32 x 45.5 cm

PROVENANCE

Modern Art Gallery, Taichung Acquired from the above by the present owner EXHIBITED

Liu Kuo-Sung - Legacy and Innovation: A Creative Retrospective, Modern Art Gallery, Taichung, April 12-30, 1997 This lot is accompanied by a certificate of authenticity issued by Modern Art Gallery, Taichung.

NT$ 380,000 - 550,000 HK$ 93,000 - 135,000 US$ 11,900 - 17,300 RMB 82,000 - 119,000

彩墨 紙本 簽名左下：劉國松 一九九七 鈐印左下：劉 來源

現代畫廊，台中 現有收藏者購自上述來源 展覽

「傳承與革新——劉國松創作歷程展」，現代 畫廊，台中，展期自 1997年4月12日至4月30日 附現代畫廊開立之原作保證書

045

FAN YANG TSUNG (Taiwanese, b. 1982)

Swimming Pool Series: The Splendid Sun 2 2020 Acrylic on canvas 100 x 120 cm Signed reverse Fan Yang Tsung in Chinese and English, dated Summer 2020 EXHIBITED

The Splendid Sun—Yang-Tsung Fan’s Solo Exhibition , AKI Gallery, Taipei, September 12-October 25, 2020 This lot is accompanied by a certificate of authenticity issued

by Aki Gallery, Taipei.

NT$ 420,000 - 550,000 HK$ 103,000 - 135,000 US$ 13,200 - 17,300 RMB 91,000 - 119,000 范揚宗 泳池系列— 艷陽高照2 2020 壓克力 畫布 100 x 120 cm 簽名畫背：范揚宗 Fan Yang- Tsung 2020 夏 展覽

「艷陽高照—范揚宗個展」，也趣藝廊，台北，展期自2020年 9月12日至10月25日 附台北也趣藝廊開立之原作保證書

62

046

DENNIS HWANG

黃志超

(Chinese-American, 1941-2025)

新樂園系列

New Paradise Series

1989

1989 Acrylic on canvas 116 x 90 cm Signed upper left Chi-Chao in Chinese, Hwang and dated 1989

116 x 90 cm

EXHIBITED

Galerie Esperanza, Montreal, 1990 Color. Extreme. Vision, Dimensions Art Center, Taipei, 1991

NT$ 420,000 - 550,000 HK$ 103,000 - 135,000 US$ 13,200 - 17,300 RMB 91,000 - 119,000 64

壓克力 畫布 簽名左上：志超 Hwang 1989 展覽

希望畫廊，蒙特婁，展期1990年 「色。極。觀」，帝門藝術中心，台北， 展期 1991年

047

WALASSE TING

丁雄泉

(Chinese-American, 1929-2010)

吃西瓜的女人

Femme à la pastèque

約1987

c. 1987 Acrylic on paper, mounted on canvas 60 x 89.5 cm With one seal of the artist

60 x 89.5 cm

PROVENANCE

Collection of Yves Rivière, Paris This work is the original for the 1987 lithograph published by editor Yves Rivière.

This lot is accompanied by a certificate of authenticity issued by Kunzt.gallery, Belgium.

NT$ 600,000 - 700,000 HK$ 147,000 - 172,000 US$ 18,800 - 22,000 RMB 130,000 - 152,000

壓克力 紙本 裱於畫布 鈐印左上：採花大盜 來源

伊夫．里維埃收藏，巴黎 此件作品是版畫商伊夫．里維埃1987年所出版 之石版畫的原作 附Kunzt藝術開立之原作保證書

048

CHUANG CHE (Chinese-American, b. 1934)

莊喆 作品 8411

Work 8411

1984

1984 Oil on canvas 101 x 121 cm Signed lower right Chuang Che in Chinese Titled reverse 8411

101 x 121 cm

NT$ 650,000 - 750,000 HK$ 159,000 - 184,000 US$ 20,400 - 23,500 RMB 141,000 - 162,000

66

油彩 畫布 簽名右下：莊喆 題識畫背：8411

049

H.N. HAN (HSIANG-NING HAN)

韓湘寧

(Taiwanese, b. 1939)

紐約朝聖

Mecca

1972

1972 Acrylic on canvas 168 x 244 cm Signed reverse H.N. HAN and dated 1972

168 x 244 cm

PROVENANCE

OK Harris Works of Art, New York Freeman’s Auction, Chicago, April 19, 2023, lot 130 Acquired from the above by the present owner ILLUSTRATED

Shih-Ming Pai, The Family Museum: Artist Biography Series | Transcending Time and Space – Han HsiangNing, published by the National Taiwan Museum of Fine Arts (edited and produced by Artist magazine), Taichung, 2023, color illustrated, p. 74

NT$ 750,000 - 1,100,000 HK$ 184,000 - 270,000 US$ 23,500 - 34,500 RMB 162,000 - 238,000

壓克力 畫布 簽名畫背：H.N. HAN 1972 來源

OK 哈里斯畫廊，紐約 弗里曼拍賣行，芝加哥，2023 年4月19 日， 編號 130 現有收藏者購自上述來源 圖錄

白適銘，《家庭美術館．美術家傳記叢書｜ 跨越．時空．韓湘寧》，國立台灣美術館發 行 (藝術家雜誌編輯製作) ，台中，2023， 彩色圖版，頁74

050

DONG SHAWHWEI

董小蕙

(Taiwanese, b. 1962)

藍色繡球花

Blue Hydrangeas

2013

2013 Oil on canvas 91 x 72.5 cm Signed lower right S. Hwei and dated 2013

91 x 72.5 cm

PROVENANCE

Acquired directly from the artist by the present owner This lot is accompanied by a certificate of authenticity issued by Harvest Art Gallery, Taipei.

NT$ 650,000 - 950,000 HK$ 159,000 - 233,000 US$ 20,400 - 29,800 RMB 141,000 - 206,000 68

油彩 畫布 簽名右下：S. Hwei 2013 來源

現有收藏者直接得自藝術家本人 附宏藝術開立之原作保證書

051

DONG SHAWHWEI

董小蕙

(Taiwanese, b. 1962)

春曦—老院子

Spring Dawn – Old Courtyard

2012

2012 Oil on canvas 100 x 80 cm Signed lower left S. Hwei and dated 2012

100 x 80 cm

PROVENANCE

Acquired directly from the artist by the present owner This lot is accompanied by a certificate of authenticity issued by Harvest Art Gallery. Taipei.

NT$ 800,000 - 1,200,000 HK$ 196,000 - 294,000 US$ 25,100 - 37,700 RMB 173,000 - 260,000

油彩 畫布 簽名左下：S. Hwei 2012 來源

現有收藏者直接得自藝術家本人 附宏藝術開立之原作保證書

052

CHEN TING-SHIH (Taiwanese, 1913-2002)

Day and Night #34 (Two diptychs) 1976 Woodblock, ed. 6/40 104 x 270 cm Signed lower right Chen Ting-Shih and dated Feb. 1976 Titled lower left Day and Night #34 Numbered lower center 6/40 With one seal of the artist Signed reverse CHEN TING-SHIH, described original woodblock, titled Day and Night #34 (left) PROVENANCE

Corporate Collection of BNP Paribas Capsule Gallery Auction, New York, February 28, 2023, lot 17 Acquired from the above by the present owner

NT$ 1,200,000 - 2,200,000 HK$ 294,000 - 539,000 US$ 37,700 - 69,000 RMB 260,000 - 476,000 陳庭詩 日與夜系列#34 (雙聯幅雙拼) 1976 木刻版畫 版次 6/40（據藝術家手札記錄， 本作實際僅印製13版) 104 x 270 cm 簽名右下：Chen Ting-Shih Feb. 1976 題識左下: Day and Night #34 版次中下：6/40 鈐印右上：陳 簽名畫背：CHEN TING-SHIH original woodblock Day and Night #34 (左) 來源

法國巴黎銀行企業舊藏 膠囊畫廊拍賣，紐約，2023 年 2 月 28 日， 編號 17 現有收藏者購自上述來源

70

053

LIU KUO-SUNG

劉國松

(Taiwanese, b. 1932)

空谷松籟歛風華

Pine Whispers in a Silent Valley

2008

2008 Ink and color on paper 44.5 x 185.2 cm Signed upper left Liu Kuo-sung and dated 2008 in Chinese With one seal of the artist

44.5 x 185.2 cm

NT$ 1,900,000 - 2,800,000 HK$ 466,000 - 686,000 US$ 59,600 - 87,900 RMB 411,000 - 606,000

72

彩墨 紙本 簽名左上：劉國松 二〇〇八 鈐印左上：劉氏

此幅劉國松2008年之作，以「空谷松籟歛風華」為 題，於狹長畫幅中展現深遠氣象。墨色依循紙筋張弛舒 展，如山嵐流轉，松影隱現其間，筆觸兼具斷裂與暈 染，營造風聲歛息後的靜謐張力。如氣韻在虛實之際迴 盪，呈現自然與心境的對話。此一時期劉國松延續其現 代水墨實驗精神，融合拓印、揉紙與暈染等技法，強調 肌理與偶發性的自然，並將東方筆墨轉化為近乎抽象的 視覺語彙。畫面既有山水意象，又超越具象再現，體現 其由形入境、以氣為主的風格轉向。 Created in 2008 and titled Pine Whispers in a Silent Valley, this horizontally elongated composition unfolds a sense of expansive depth. Ink tones follow the tension and release of the paper fibers, drifting like mountain mists, with pine forms emerging and

receding in quiet resonance. The brushwork—at once fractured and diffused—evokes a hushed stillness, as if the wind has just subsided. Vital energy circulates between presence and absence, articulating a dialogue between nature and inner consciousness.

At this stage, Liu continues his experimental approach to modern ink, integrating techniques such as rubbing, crumpling, and washes to emphasize texture and the spontaneity of natural effects. Transforming traditional brush and ink into a near-abstract visual language, the work transcends representational landscape, embodying his mature stylistic shift from form toward atmosphere and qi-driven expression.

054

PANG JIUN

龎均

(Taiwanese, b. 1936)

黑背景前的紅花綠葉

Red Flowers and Green Leaves on a Black Background

1998

1998 Oil on canvas 162 x 130 cm Signed lower right Pang Jiun in Chinese and dated 1998 Signed lower left Pang Jiun With one painted seal of the artist

簽名右下：龎均 1998

ILLUSTRATED

The Art of J. Pang, National Dr. Sun Yat-sen Memorial Hall, Taipei, 2003, p. 79 Pang, Jiun: 58 Years of Artistic Career, Artist Publishing Co., Taipei, 2005, color illustrated, p. 51 A Century of the Chinese Paintings Tour Exhibition: Paintings, Chanliu Art Museum, Taipei, 2016, color illustrated, p. 309 This lot is accompanied by a certificate of authenticity issued by Chan Liu Gallery, Taipei.

NT$ 2,400,000 - 3,800,000 HK$ 588,000 - 931,000 US$ 75,300 - 119,200 RMB 519,000 - 823,000

74

油彩 畫布 162 x 130 cm 簽名左下：PANG Jiun 鈐印手繪右下：PANG Jiun 圖錄

龎均的藝術》，國父紀念館，台北，2003， 頁 79 《龎均畫集—58年藝術生涯》，藝術家出版社， 台北，2005，彩色圖版，頁 51 《百年華人繪畫畫冊》，長流美術館，台北， 2016，頁 309 附長流畫廊開立之原作保證書

055

AI XUAN

艾軒

(Chinese, b. 1947)

歌聲漸遠

Sounds Getting Away

1989

1989 Oil on canvas 101 x 80 cm Signed lower right Ai Xuan in English and Chinese, dated 1989

101 x 80 cm

PROVENANCE

Ravenel, Taipei, December 3, 2006 lot52 Acquired from the above by the present owner ILLUSTRATED

Ai Xuan Xieshi Zhuyi Youhua Jiqiao , Beijing Art & Crafts Publishing House, Beijing, 2003, color illustrated, p.15 Li Fang & Ma Li ed., Estheticism-Celebrated Painters Series I, Yang Liu Qing Painting Publishing, Tianjin, 2005, color illustrated, p.120

油彩 畫布 簽名右下：Ai Xuan 艾軒 1989 來源

羅芙奧，台北，2006年12月3日，編號 52 現有收藏者購自上述來源 圖錄

《艾軒寫實主義油畫技巧》，北京工藝美術出版社， 北京，2003，彩色圖版，頁15 李放、馬莉著，《唯美至上－著名油畫家系列之一》， 天津楊柳青畫社，天津，2005，彩色圖版，頁120

NT$ 2,200,000 - 4,000,000 HK$ 539,000 - 980,000 US$ 69,000 - 125,500 RMB 476,000 - 866,000

1970至1980年代，艾軒多次深入西藏高原，那片蒼茫、 寒冽的自然環境對他而言，不僅是寫生題材，更是靈魂投 射的場域。在西方大師安德魯．魏斯的啟發下，他巧妙融 合了西方寫實技法與東方內省氣質，發展出極具辨識度的 「詩性現實主義」。在他的筆下，西藏不再是風情的再 現，而是一則關於孤獨、時間與存在的永恆寓言。 創作於1989年的代表作《歌聲漸遠》，正詮釋了此一成熟 的藝術語言。畫中人物倚立於冰雪覆蓋的荒寒之境，神情 沉靜而疏離，目光投向不可及的遠方；雪原無垠，萬籟俱 寂。細膩的質地描繪與空曠的背景形成強烈對照，使畫面 瀰漫著凝滯而深遠的時間感。歌聲的遠去，不僅是感官聲 音的消散，更象徵記憶與情感在靜默中昇華，轉化為一種 永無止盡的內在迴盪。 During the 1970s and 1980s, Ai undertook repeated journeys to the Tibetan Plateau. For the artist, this vast and austere landscape was not merely a subject for plein-air observation, but a site of existential projection.

76

Influenced in part by the American realist painter Andrew Wyeth, Ai Xuan developed a distinctive “poetic realism,” synthesising Western representational techniques with an Eastern introspective sensibility. In his works, Tibet is no longer a picturesque landscape, but rather an enduring allegory of solitude, time, and existence.

Painted in 1989, Sounds Getting Away articulates this mature visual language with clarity and restraint.

A solitary figure stands against a vast, snow-covered expanse, their expression calm yet detached, gaze directed toward an unreachable horizon. The boundless white terrain is rendered in stark contrast to the finely described textures of the foreground, generating a suspended and profound sense of time. The “fading song” thus becomes more than the disappearance of sound; it signifies the sublimation of memory and emotion into silence, transformed into an unending inner resonance.

056

LIAO CHI-CHUN

廖繼春

(Taiwanese, 1902-1976)

威尼斯水都

Venice

1963

1963 Oil on wooden board 23.5 x 28 cm Signed lower left C. Liao in English Signed on the reverse Liao Chi–chun, titled Venice in Chinese, dated May 1963 in Chinese and inscribed For Ms. Wang as a Souvenir

23.5 x 28 cm

PROVENANCE

Collection of Ms. Wang, Taiwan (acquired directly from the artist) Ravenel, Taipei, December 2, 2012, lot 652

油彩 木板 簽名左下：C. Liao 簽名畫背：「威尼斯水都」廖繼春畫 一九六三. 五. 王小姐留念 來源

王小姐，台灣 (得自藝術家贈與) 羅芙奧，台北，2012年12月2日，編號 652 圖錄

《世紀藏春：廖繼春全集》，日升月鴻畫廊，台北， 2017年1月，彩色圖版，頁467

ILLUSTRATED

Centurial Rarity: Complete Works of Liao Chichun, Ever Harvest Art Gallery, Taipei, January 2017, color illustrated, p. 467

NT$ 3,000,000 - 4,200,000 HK$ 735,000 - 1,029,000 US$ 94,100 - 131,800 RMB 649,000 - 909,000 此件《威尼斯水都》創作於1963年更是體現了強烈的 野獸主義風格，色彩表現的自由奔放，構圖甚為嚴謹， 強烈的用色表現和諧不衝突，整幅作品透過大膽的用 色、表現出從容不迫的美景，可見其技術純熟已到達爐 火純青的境界。廖繼春透過印象中旅歐的美好記憶，將 內在情感和大自然的美景留存於畫布之中。在《威尼 斯水都》裡，不僅僅有繽紛的青藍色帶出波光粼粼的海 水、交錯擺動的船隻，和浪漫的粉色點綴河邊的步道， 還有前景處些許的鵝黃色及遠景處的白色相互對話著， 如此豐富的構圖透過廖繼春成熟的筆觸、線條、細膩的 繪出光影的變化，實屬1960年代的代表作。 Painted in 1963, Venice , exemplifies a pronounced Fauvist sensibility. The composition is defined by a liberated and expressive use of color, yet remains structurally disciplined and carefully balanced. Bold chromatic juxtapositions coexist in harmony rather than conflict, creating a vivid yet composed visual

78

rhythm that conveys a serene and unhurried vision of the Venetian landscape. Through this confident orchestration of color, Liao demonstrates a fully matured painterly language, refined to a state of consummate mastery.

Drawing upon his recollections of travels in Europe, the artist transforms memory and lived experience into a visual articulation of natural beauty on canvas.

In Venice, brilliant blues evoke the shimmering surface of water, intersecting forms suggest the movement of boats, while delicate touches of pink animate the riverside walkways. In the foreground, subtle passages of ochre converse with pale whites in the distance, creating a layered chromatic dialogue across the composition. This richly orchestrated visual field is rendered through Liao Chi-Chun’s assured brushwork and sensitivity to light and line, positioning the work as a representative masterpiece of the 1960s period.

057

CHU TEH-CHUN (Chinese-French, 1920-2014)

Parmi l’espace bleu 1990 Oil on canvas 65 x 81.3 cm Signed lower right CHU TEH-CHUN both in Chinese and English and dated ‘90 Signed on the reverse CHU TEH-CHUN in English and Chinese, titled Parmi l’espace bleu and dated 1990 PROVENANCE

Galerie Patrice Trigano, Paris Modern Art Gallery, Taichung Private collection, Taiwan This lot is accompanied by a certificate of authenticity issued by Modern Art Gallery, Taichung.

NT$ 4,200,000 - 5,000,000 HK$ 1,029,000 - 1,225,000 US$ 131,800 - 156,900 RMB 909,000 - 1,082,000 朱德群 銀河之深處 1990 油彩 畫布 65 x 81.3 cm 簽名右下：朱德群 CHU TEH-CHUN '90 簽名畫背：Parmi l' espace bleu CHU TEH-CHUN 朱德群 1990 來源

巴蒂斯．提加鈕畫廊，巴黎 現代畫廊，台中 私人收藏，臺灣 附台中現代畫廊開立之原作保證書

80

058

CHU TEH-CHUN (Chinese-French, 1920-2014)

Limites franchies 2004 Oil on canvas 73 x 92 cm Signed lower right CHU TEH-CHUN in Chinese and English and dated 04 Signed reverse CHU TEH-CHUN in English and Chinese, titled “limites franchies” and dated 2004

NT$ 7,000,000 - 8,500,000 HK$ 1,716,000 - 2,083,000 US$ 219,600 - 266,700 RMB 1,515,000 - 1,840,000 朱德群 超越界限 2004 油彩 畫布 73 x 92 cm 簽名右下：朱德群 CHU TEH-CHUN 04 簽名畫背："limites franchies" CHU TEH-CHUN 朱德群 2004

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Poetic Light of the Soul: The Abstract World of Chu Teh-chun 靈魂的詩意光影：朱德群的抽象藝術世界

朱德群的一生，是對詩意與宇宙本質不懈追尋的歷程。他 不僅拓展了西方抽象藝術的表現維度，更為中國傳統美學 注入現代性的嶄新生命。其作品如同無聲的交響，在油 彩、光影與書寫性筆觸的交織中，引領觀者進入純粹而永 恆的精神場域，並於當代藝術史上留下璀璨而深刻的印 記。

朱德群《綠的環抱》2004 油彩 畫布 130 x 195 cm 佳士得香港，2025年03月29日，編號231，成交金額 HK$8,190,000 Chu Teh-Chun, Cirque d'émeraude, 2004, oil on canvas 130 x 195 cm Christie's Hong Kong, Mar 29, 2025, lot 231, US$ 1,052,857 sold

朱德群（1920–2014）為傑出的華裔法籍現代藝術大師， 與趙無極、吳冠中並稱為「留法三劍客」，共同開創二十 世紀華人藝術的新局。他於 1997 年當選法蘭西藝術院 （Académie des Beaux-Arts）院士，成為首位獲此殊榮的 華裔藝術家，象徵其成功將東方水墨的精神融入西方抽象 繪畫體系之中。其創作核心可歸納為「抒情抽象」，將中 國傳統繪畫所重視的「氣韻生動」，轉化為光影流轉的視 覺詩篇，跨越東西文化的界域。 創作於2004 年，本次拍品《超越界限》，朱德群的筆觸 愈趨自由與圓融。畫中明亮的黃與白自鬱藍背景中迸發而 出，帶有強烈書法意味的線條縱橫交織，打破畫面的靜態 秩序，釋放出近乎宇宙生成般的原始動能。作品運用了中 國繪畫「虛實相生」的構成原則，使色彩不僅作為視覺元 素存在，更轉化為「氣」的流動與運行。此作充分展現藝 術家晚年融會貫通之境，在跨越形式與文化邊界之際，仍 保有充沛而深遠的創造力。」 朱德群曾說：「不論我的創作原動力是因美麗的事物所激 發，還是內心隱藏著以往的記憶及情感所致，這並不重 要；重要的是站在油畫布前，我的感情被燃點起來。」

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Chu Teh-Chun (1920–2014) stands as a preeminent Chinese-born, French naturalized master of modern art. Alongside Zao Wou-Ki and Wu Guanzhong, he is celebrated as one of the “Three Musketeers of Chinese artists in France,” collectively forging a new trajectory for twentieth-century Chinese art. In 1997, Chu was elected to the Académie des Beaux-Arts, becoming the first artist of Chinese origin to receive this distinction—an honor that affirms his singular achievement in synthesizing the spirit of Eastern ink traditions with the language of Western abstraction.

At the core of his practice lies a for m of lyrical abstraction, in which the Chinese aesthetic principle of qiyun shengdong (spirit resonance and life movement) is transmuted into a visual poetry of shifting light and atmosphere, transcending the cultural boundaries between East and West.

Painted in 2004, Limites franchies exemplifies the artist’s late style, in which his brushwork attains an increasing sense of freedom and fluency. Radiant passages of yellow and white burst forth from a deep, saturated blue ground, while calligraphic lines—charged with dynamic energy—interweave across the surface, disrupting any static compositional order and unleashing a primordial force evocative of cosmic genesis. Drawing upon the Chinese pictorial principle of the interplay between void and solid, the work transforms color beyond mere visual presence into a conduit for the circulation of qi.

This painting stands as a compelling testament to Chu’s mature synthesis, revealing an artistic vision that, even

as it transcends formal and cultural boundaries, retains a profound vitality and boundless creative force.

Chu explained, “It doesn’t matter whether my creative urge is stimulated by the beautiful sights I’ve seen, or old memories and emotions that welled up inside of me, as long as I’m in front of the canvas, my sensitivity will be kindled.”

Chu Teh-Chun’s life was marked by a sustained pursuit of poetic expression and an exploration of the fundamental nature of the universe. He not only expanded the expressive possibilities of Western abstract art, but also infused traditional Chinese aesthetics with a renewed and distinctly modern vitality. His works resemble silent symphonies, in which oil pigment, shifting light, and calligraphic brushwork converge to guide the viewer into a pure and timeless spiritual realm, leaving a luminous and enduring legacy within the history of contemporary art.

朱德群《變幻》2004 油彩 畫布 80 x 100 cm 羅芙奧台北，2023年6月4日，編號231，成交金額 NT$9,600,000 Chu Teh-Chun, Multitude en Devenir, 2004, oil on canvas 80 x 100 cm Ravenel Taipei, June 04, 2023, lot 231, US$ 313,036 sold

59

ZAO WOU-KI (Chinese-French, 1920 - 2013)

Paysage Abstrait (Abstract Landscape) 1954 Oil on canvas 65 x 81 cm Signed lower right Wou-ki in Chinese and ZAO in French, dated 54 EXHIBITED

Zao Wou-ki, Lin & Keng Gallery, Taipei, March 15 - April 1, 1997 ILLUSTRATED

Zao Wou-ki, Lin & Keng Gallery, Taipei, 1997, color illustrated, pp. 28-29 Gérard de Cortanze & Yves Bonnefoy, Zao Wou-ki, La Différence / Enrico Navarra, Paris, 1998, color illustrated, p. 92

NT$ 40,000,000 - 60,000,000 HK$ 9,804,000 - 14,706,000 US$ 1,255,100 - 1,882,600 RMB 8,658,000 - 12,987,000 趙無極 抽象風景 1954 油彩 畫布 65 x 81 cm 簽名右下：無極 ZAO 54 展覽

「趙無極個展」，大未來畫廊，台北，展期自1997年 3月15日至4月1日 圖錄

《趙無極作品展目錄》，大未來畫廊，台北，1997， 彩色圖版，頁28-29 傑哈．德．康坦茲與伊夫．波納菲合著，《趙無極》， 拉迪佛羅斯 頁92

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安利哥．納瓦哈，巴黎，1998，彩色圖版，

ZAO WOU-KI

PAYSAGE ABSTRAIT

(ABSTRACT LANDSCAPE) 趙無極 ｜ 抽象風景 「在趙無極的作品中，可以看到中國式的宇 宙觀如何轉化為具有普世意涵的現代視野： 在這種宇宙觀裡，流動與距離所體現的，是 靜觀的精神本身，而非其所觀之物。」 －法國藝評家儒瓦《藝術》(Arts) 1995 趙無極的本名，「無極」兩字取自道教思想，最早出自於 老子《道德經》中以無極稱道表宇宙萬物之恆。身為最具 影響力的華人藝術家之一，趙無極擅長以西方抽象表現型 式體現東方道家哲學思維。他歷經歷史動盪、文化流動， 各個時期畫作轉折豐富，趙無極透過對宇宙萬物、人生經 歷等細微的想像與感受，形成東西方藝術概念詮釋的完美 精萃。 1954年趙無極徹底地拋開具象繪畫，從克利的影響中掙脫 出來，他以自由而獨特的方式，投身抽象繪畫的世界。趙 無極在自傳中回憶這一段蛻變的過程：「然後，慢慢地， 符號成了形體，背景形成空間，因為一再重畫、毀棄、再 重新來過，再我心裡的東西好像開始浮現出來了，我的畫 開始動了起來，湧現了形體，我開始敢用一些以前害怕的 顏色。」－《趙無極自畫像》（參閱趙無極、梵思娃著、 劉俐譯，藝術家出版社，台北，1992初版，頁104） 今次推薦趙無極《抽象風景》畫作即是創作於1954年，屬 藝術家早期抽象風格之作。凝視趙無極筆下的具體物象漸 變為抽象線條，簡化的靜物、花卉、船隻外型，在此時漸 進為端似古老文字符號、形象線條，穿梭於深邃的抽象空 間中，引領觀者思緒，遙想來自遠古的殷商甲骨文、青銅 鐘鼎銘文所召喚的神祕感受。《抽象風景》畫面中游絲不 墜的玄黑線條聯貫古今，幻化出顫動的藝術靈光。層層暈 染的色彩變化，含蓄優雅帶有東方水墨的意境，豐富的色 感與光感卻又得自於西畫的薰陶。 The given name of Zao Wou-ki, “Wou-ki” (無極), is rooted in Daoist philosophy, a term first articulated in Laozi’s Tao Te Ching, where it signifies the boundless origin of the cosmos and the eternal state of all existence.

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“In Zao Wou-ki’s work one can see how the Chinese vision of the universe, where flow and distance reflect the spirit of contemplation more than the object of contemplation, has been transformed into a modern vision of universal relevance.”

- Alain Jouffroy, “Parisian art journal Arts” in 1955.

趙無極《山村》1954 油彩 畫布 73 x 92 cm 香港蘇富比，2019年03月31日，編號1027，成交金額 HK$18,175,000 Zao Wou-ki, Village de montagne se dispersent , 1954, Oil on canvas, 73 x 92 cm Sotheby's Hong Kong, Mar 31, 2019, lot 1027, US$ $ 2,315,295 sold

趙無極《莊園- 07.52-05.06.55》1952-1955 油彩 畫布 54 x 65 cm 香港蘇富比，2021年04月18日，編號1018，成交金額 HK$15,905,000 Zao Wou-ki, Château - 07.52-05.06.55, 1952-1955, Oil on canvas, 54 x 65 cm Sotheby's Hong Kong, Apr 18, 2021, lot 1018, US$ $ 2,046,894 sold

As one of the most influential Chinese artists of the modern era, Zao Wou-ki masterfully employed the language of Western abstraction to embody the metaphysical spirit of Daoist thought. His oeuvre, shaped by historical upheaval and cultural migration, reveals a rich evolution across distinct periods.

Through subtle evocations of the universe and deeply personal experience, Zao distilled a refined synthesis of Eastern philosophy and Western artistic expression, achieving a poetic and enduring visual language.

colors I had once feared.” — Autoportrait (Zao Wou-ki and Françoise Marquet, trans. Liu Li, Artist Publishing Co., Taipei, 1992, p. 104).

In 1954, Zao Wou-ki decisively abandoned figuration, liberating himself from the influence of Klee and immersing in the realm of abstraction with a newfound freedom and individuality. Reflecting on this pivotal transformation in his autobiography, the artist recalled: “Then, little by little, signs became forms, the background gave rise to space. Through constant reworking—erasing, repainting, beginning anew— what lay within me seemed to emerge. My paintings began to move; forms surged forth, and I dared to use

The present work, Abstract Landscape , executed in 1954, stands as an early exemplar of the artist’s abstract idiom. Here, one witnesses the gradual transformation of tangible forms into abstract linear expressions. Simplified motifs—still lifes, floral elements, and boat-like shapes—evolve into calligraphic signs reminiscent of ancient scripts, traversing a profound spatial field. These forms guide the viewer’s imagination toward the archaic mystique of Shang oracle bone inscriptions and inscriptions cast on ancient bronze vessels. Fine, unbroken black lines weave across the composition, bridging antiquity and modernity, and giving rise to a quivering, luminous vitality. Layers of softly modulated color washes evoke the restrained elegance of Eastern ink traditions, while the richness of chromatic and luminous effects reflects the artist’s engagement with Western painting.

060

XU BING (Chinese, b. 1955)

Landscript 2004 Ink on Nepalese paper 150 x 300 cm Signed lower right XU BING With one seal of the artist PROVENANCE

Ravenel, Taipei, December 5, 2010, lot 185 Acquired from the above by the present owner

NT$ 11,000,000 - 22,000,000 HK$ 2,696,000 - 5,392,000 US$ 345,200 - 690,300 RMB 2,381,000 - 4,762,000 徐冰 文字山水 2004 水墨 尼泊爾紙 150 x 300 cm 簽名右下：XU BING 鈐印右下：XU BING 來源

羅芙奧，台北，2010年12月5日，編號185 現有收藏者購自上述來源

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Xu Bing: Landscript – The Art of Transcending Words and Nature 徐冰：筆墨造境，文字山水

徐冰（1955年生於重慶），為現今最具國際影響力的當代

寫：「雲是白色的... 記憶很模糊，但三十年前的寫生本就

華人藝術家之一。1981年畢業於北京中央美術學院版畫

在眼前... 豆子耐旱，和當地的人一樣。」這段自述連結了

系，憑藉深厚的造型功力，以及對文字本質的敏銳覺察，

他青少年時期「上山下鄉」的勞動記憶，也呼應了1999年

其藝術成就早在1990年代便被寫入《過去的藝術和現在的

「喜馬拉雅寫生計畫」中對自然與文化的深度對話。

藝術》與《古今藝術》等世界權威藝術史教科書。

徐冰的作品廣為世

1990年，徐冰

界各大博物館與美

受美國威斯康

術館典藏，足見

辛大學邀請移

其藝術價值在學

居美國。1999

術界與收藏界的

年，他憑藉對

雙重地位：美洲有

中國傳統印刷

紐約現代藝術博

術與書法的當

物館 (MoMA）、

代轉化，榮獲

大都會藝術博

美國文化界最

物館、洛杉磯當

高獎項——麥

代藝術博物館

克阿瑟基金會

(MOCA）、三藩

「天才獎」；

市現代藝術博物館

其後更接連獲

（SFMoMA）、

頒日本「福岡 亞洲文化獎」 （2003）、威

徐冰《重遊此地》2002 墨 尼泊爾紙 105 x 175 cm 嘉德香港，2021年04月21日，編號073，成交金額 HK$2,006,000 Xu Bing, Revisit a Once Familiar Place , 2002, Nepalese paper, 105 x 175 cm China Guardian Hong Kong, Apr 23, 2021, lot 073, US$ 258,483 sold

爾斯國際視覺

哈佛藝術博物 館、普林斯頓大學 美術館、西雅圖藝 術博物館；歐洲有

藝術獎「穆迪獎」（2004）以及全美版畫協會「版畫藝術

大英博物館（倫敦）、路德維希博物館（科隆）；亞洲與

終身成就獎」（2006）等殊榮。2008年載譽歸國後，曾任

澳洲有中國美術館（北京）、福岡亞洲美術館（日本）、

中央美術學院副院長及學術委員會主任，現持續活躍於北

新南威爾士美術館（雪梨）、昆士蘭美術館等。

京與紐約兩地。 本次拍賣呈獻的巨幅傑作《文字山水》(2004)，是徐冰對 「書畫同源」理想的巔峰演繹。畫面上看似意境深遠的古 典寫意山水，實則是由「山、雲、石、草」等象形符號構 築而成。對徐冰而言，文字是人類思維最基本的元素，透 過改造，實則是對思維本質的重塑。當文字還原為象形根 本，藝術便跨越了文化隔閡，成為全球通用的視覺語彙。 此作深藏著藝術家自身的生命感悟。徐冰在畫中感性書

92

Xu Bing (b. 1955, Chongqing) stands among the most internationally influential figures in contemporary Chinese art. A graduate of the Printmaking Department at the Central Academy of Fine Arts, Beijing (1981), Xu is distinguished by his rigorous command of form and his incisive exploration of the nature of language. By the 1990s, his artistic achievements had already been canonized in leading art historical publications, including Art Past, Art Present and other authoritative surveys of global art.

In 1990, Xu Bing relocated to the United States at the invitation of the University of Wisconsin. In 1999, in recognition of his groundbreaking transformation of traditional Chinese printing and calligraphy into a contemporary idiom, he was awarded the prestigious MacArthur Fellowship.

This was followed by a series of major international honors, including the Fukuoka Asian Culture Prize (2003), the BALTIC Centre for Contemporary Art’s International Award (commonly known as the “Artes Mundi Prize”) (2004), and the Lifetime Achievement Award from the Southern Graphics Council International (2006). Since returning to China in 2008, Xu has served as Vice President of the Central Academy of Fine Arts and Chairman of its Academic Committee, and continues to maintain an active practice between Beijing and New York.

The monumental work presented in this sale, Landscript (2004), represents a consummate articulation of Xu Bing’s lifelong engagement with the concept of the shared origins of calligraphy and painting. At first glance, the composition evokes the poetic expansiveness of classical Chinese literati landscape; upon closer inspection, however, the entire scene is meticulously constructed from pictographic elements such as “mountain,” “cloud,” “stone,” and “grass.” For Xu, language constitutes the most fundamental structure of human thought. Its transformation is, in essence, a reconfiguration of cognition itself. By returning written forms to their pictographic origins, the artist transcends cultural

boundaries, proposing a universally legible visual language.

Embedded within the work is a deeply personal dimension.

Xu Bing inscribed in a reflective, almost diaristic tone: “The clouds are white… my memory is indistinct, yet the sketchbooks from thirty years ago remain vivid before my eyes… beans are drought-resistant, much like the people there.” This passage recalls his formative experiences during the “Down to the Countryside” movement, while also resonating with his Himalayan sketching project of 1999— both of which underscore a sustained dialogue between nature, memory, and cultural identity.

Xu Bing’s works are held in the permanent collections of major museums and institutions worldwide, underscoring his dual significance within both academic discourse and the international collecting sphere. In the Americas, his works are represented in the collections of the Museum of Modern Art, New York (MoMA); The Metropolitan Museum of Art; the Museum of Contemporary Art, Los Angeles (MOCA); the San Francisco Museum of Modern Art (SFMOMA); the Harvard Art Museums; the Princeton University Art Museum; and the Seattle Art Museum. In Europe, his works are held by the British Museum, London, and Museum Ludwig, Cologne. In Asia and Australia, his works are included in the collections of the National Art Museum of China, Beijing; the Fukuoka Asian Art Museum; the Art Gallery of New South Wales, Sydney; and the Queensland Art Gallery.

徐冰《文字寫生－赫爾辛基與喜馬拉雅交換計劃》1999-2002 水墨 紙張 100 x 174 cm 佳士得香港，2008年05月24日，編號183，成交金額 HK$3,367,500 Xu Bing, The Drawing From the Project of Helsinki-Himalaya Exchange, 1999-2002, Ink on paper, 100 x 174 cm Christie's Hong Kong, May 24, 2008, lot 183, US$ 431,714 sold

061

FERNANDO BOTERO

費爾南多．波特羅

(Colombian, 1932-2023)

俯臥的女人

Woman in Bed on Her Stomach

2005

2005 Bronze with dark brown patina, ed. 1/6 53(L) x 25.5(W) x 27(H) cm Engraved on the base Botero and numbered 1/6

銅雕 版次 1/6 53(長) x 25.5(寬) x 27(高) cm 簽名雕刻底座：Botero 1/6 附藝術家簽名之作品保證書

This lot is accompanied by a certificate of authenticity signed by the artist.

NT$ 9,500,000 - 14,000,000 HK$ 2,328,000 - 3,431,000 US$ 298,100 - 439,300 RMB 2,056,000 - 3,030,000

費爾南多．波特羅是國際最著名且識別度鮮明的拉丁美洲 裔藝術家。他以獨特的「波特羅主義」（Boterismo）畫 風享譽國際，無論是繪畫或雕塑，波特羅創造的人物線條 簡單流暢且曲線柔和。 波特羅早年深受歐洲悠久的傳統藝術薰陶，尤其是文藝復 興與巴洛克風格，他將古典元素與拉丁美洲殖民傳統相結 合，創造出獨一無二的風格。 藝術家透過《俯臥的女人》主角圓潤豐滿的形體，歌頌女 性原生且充滿孕育之力的天賦。作品氛圍從容、自信與優 雅氣息，藝術家掌握人物柔和的眼神，傳遞出人物內在特 質兼具真、善、美之意境，藉以表達南美洲土地溫暖光彩 的富饒形象。

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Fernando Botero is one of the most renowned and visually distinctive Latin American artists on the international stage. He is celebrated for his unique style, “Boterismo,” in which both his paintings and sculptures are defined by simplified, flowing lines and softly rounded forms.

In his early years, Botero was deeply influenced by the long tradition of European fine art, particularly the Renaissance and Baroque periods. By integrating classical elements with the colonial heritage of Latin America, he developed a singular artistic language.

In Woman in Bed on Her Stomach, the artist employs the figure’s full, voluminous form to celebrate the innate vitality and generative power of femininity. The composition conveys a sense of calm, confidence, and elegance, while the subject’s gentle gaze reveals an inner quality that embodies truth, goodness, and beauty.

Through this work, Botero evokes the warmth, richness, and luminous abundance associated with the land of South America.

062

WALASSE TING (Chinese-American, 1929-2010)

Outside Raining 1979 Acrylic on canvas 77 x 102.5 cm Signed reverse Ting, titled Outside Raining , and dated 79 PROVENANCE

Ravenel, Taipei, June 4, 2017, lot 355 Acquired from the above by the present owner

NT$ 3,200,000 - 4,200,000 HK$ 784,000 - 1,029,000 US$ 100,400 - 131,800 RMB 693,000 - 909,000 丁雄泉 外頭正下著雨 1979 壓克力 畫布 77 x 102.5 cm 簽名畫背：Outside Raining Ting 79 來源

羅芙奧，台北，2017年6月4日，編號355 現有收藏者購自上述來源

96

063

YANG CHIHUNG (Taiwanese, b. 1947)

Grandiosity 2011 Acrylic on canvas 200 x 200 cm Signed reverse Chihung Yang , titled Grandiosity and dated 2011

NT$ 1,700,000 - 2,400,000 HK$ 417,000 - 588,000 US$ 53,300 - 75,300 RMB 368,000 - 519,000 楊識宏 壯麗 2011 壓克力 畫布 200 x 200 cm 簽名畫背：Chihung Yang Grandiosity Ⓒ2011

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064

SOPHIE CHANG (Taiwanese, b. 1944)

Untitled 2017 Oil on canvas 130 x 162 cm Signed lower right Sophie and dated 2017

NT$ 1,700,000 - 2,400,000 HK$ 417,000 - 588,000 US$ 53,300 - 75,300 RMB 368,000 - 519,000 張淑芬 無題 2017 油彩 畫布 130 x 162 cm 簽名右下：Sophie 2017

100

065

WALASSE TING (Chinese-American, 1929-2010)

Love Me? 1985 Acrylic on canvas 53 x 71 cm Signed reverse Ting , titled Love me? and dated 1985 PROVENANCE

Bruun Rasmussen auction, Denmark, September 18, 2012, lot 645 Ravenel, Taipei, December 7, 2014, lot 277 Acquired from the above by the present owner

NT$ 1,100,000 - 2,200,000 HK$ 270,000 - 539,000 US$ 34,500 - 69,000 RMB 238,000 - 476,000 丁雄泉 愛我？ 1985 壓克力 畫布 53 x 71 cm 簽名畫背：Love me? Ting 1985 來源

布魯恩．拉斯穆森拍賣行，丹麥，2012年9月18日， 編號 645 羅芙奧，台北，2014年12月7日，編號277 現有收藏者購自上述來源

102

066

JU MING

朱銘

(Taiwanese, 1938-2023)

太極系列

Taichi Series

1991

1991 Wooden sculpture, Kalantas 36.7(D) x 49.8(W) x 58.2(H) cm Engraved on lower leg Ju Ming in Chinese and dated 91

36.7(深) x 49.8(寬) x 58.2(高) cm

木雕 菲律賓香椿 簽名雕刻下方：朱銘 '91 附財團法人朱銘文教基金會──開立之作品鑑定報告書

This lot is accompanied by a certificate issued

by Nonprfit Organization Juming Culture and Education Foundation .

NT$ 2,600,000 - 4,000,000 HK$ 637,000 - 980,000 US$ 81,600 - 125,500 RMB 563,000 - 866,000

朱銘早年學習廟宇雕刻，之後師從楊英風研習現代雕 塑，完成了從純熟技藝到藝術哲思的轉變。他的創作生 涯以「太極系列」與「人間系列」為兩大主軸：前者以 精簡有力的塊面捕捉動態中的氣韻與生命力；後者則運 用木材、青銅與不鏽鋼等多樣媒材，描繪人世間的各種 樣貌。在「太極系列」中，朱銘將動作簡化為純粹的抽 象動勢，以刀斧劈鑿呈現出過招時的氣魄與力量。此件 《太極系列》作品宛如一人昂然立於天地之間，如山般 穩重，剛毅之中流露出平和的氣韻，不急不徐、沉著內 斂。看似簡約的造型，卻蘊含著磅礴而震撼的力量，神 采鮮活，彷彿隨時都能與觀者展開對話。 Ju Ming began his career apprenticing in traditional temple carving, and later studied modern sculpture under Yang Ying-feng, completing a transformation from technical mastery to philosophical inquiry. His artistic practice is anchored by two major series: the “Taichi Series” and the “Living World Series.” The

104

former captures the dynamic vitality of movement through simplified, powerful forms, while the latter employs diverse materials such as wood, bronze, and stainless steel to depict the many facets of everyday life.

In the “Taichi Series,” Ju Ming reduces movement to its most essential abstract forms, using bold carving and chopping techniques to convey the force and spirit of martial exchange. This work from the series stands like a figure poised firmly between heaven and earth, reminiscent of a mountain—resolute yet imbued with a sense of calm balance. Unhurried and composed, it radiates a quiet strength. Despite its apparent simplicity, the form exudes a powerful, aweinspiring presence, animated with a lifelike spirit, as if ready to engage the viewer in dialogue at any moment.

067

LI CHEN

李真

(Taiwanese, b. 1963)

乘雲氣

Cloud Glider

2000

2000 Bronze, EA 2/4 29(L) x 30(W) x 88(H) cm Engraved reverse Li Chen in Chinese and English, numbered EA 2/4 and dated 2000 ILLUSTRATED

銅雕 版次 EA 2/4 29(長) x 30(寬) x 88(高) cm 簽名雕刻背面：李真 Li Chen EA 2/4 2000 圖錄

《李真雕塑 1992-2002 》，亞洲藝術中心，台北， 2004，彩色圖版，頁71 (不同版次)

Li Chen Sculpture 1992-2002, Asia Art Center, Taipei, 2004, color illustrated, p. 71 (another cast)

NT$ 2,400,000 - 3,600,000 HK$ 588,000 - 882,000 US$ 75,300 - 113,000 RMB 519,000 - 779,000

李真的雕塑有著細膩溫潤的表面質感，以銅為材料，採 用中國特殊墨黑色的生漆手法、銨金、銨銀技巧。展現 雕塑的輕盈與大自在感，呈現「既重又輕」的奇妙對 比。完成於2000年的《乘雲氣》引用莊子《逍遙遊》 的「乘雲氣，御飛龍，而遊乎四海之外」一句，傳達藝 術家的精神追求，人物騰雲飛翔，充滿喜悅，更融合道 家氣與能量的哲學內涵,將東方獨特地精、氣、神意境 完美詮釋。李真再現下的佛教造像，展現出一種近乎清 淨無為的清貧美學。雖然清靜、清貧、無為，卻又充斥 著沛然莫之能禦的氣體或能量。 Li Chen’s sculptures are distinguished by their refined, warm surface texture. Working primarily in bronze, he employs traditional Chinese techniques such as lacquer in a deep ink-black finish, along with gilding and silvering. His works convey a sense of lightness and spiritual ease, creating a striking paradox of being “both heavy and light.”

106

Completed in 2000, Cloud Glider draws on a line from Zhuangzi’s Free and Easy Wandering: “Riding the qi of clouds, mounting a flying dragon, and roaming beyond the four seas.” The piece expresses the artist’s spiritual aspirations—the figure soars through clouds, filled with joy, while embodying the Daoist philosophy of qi and energy. It offers a masterful interpretation of the uniquely Eastern concepts of essence, vitality, and spirit.

Li Chen’s reinterpretation of Buddhist figures reveals an aesthetic of purity and effortless non-action.

Though serene, austere, and unadorned, his works are nonetheless imbued with an overwhelming, irrepressible force of energy that seems impossible to resist.

068

LI CHEN

李真

(Taiwanese, b. 1963)

無量壽

Amitayus

1998

1998 Bronze, ed. 1/8 22(L) x 22(W) x 24.5(H) cm Engraved back Li Chen , numbered 1/8 and dated 1998

22(長) x 22(寬) x 24.5(高) cm

PROVENANCE

Zhong Cheng Auctions, Taipei, June 12, 2011, lot 16 Acquired from the above by the present owner ILLUSTRATED

Li Chen Sculpture 1992-2002, Asia Art Center, Taipei, 2004, color illustrated, p. 47 (another cast) Li Chen in Venice: 52nd Venice Biennale - Energy of Emptiness, Asia Art Center, Taipei, 2007, color illustrated, pp. 48-49 Li Chen in Beijing - In Search of Spiritual Space, Asia Art Center, Taipei, 2008, black-and-white illustrated, p. 194

NT$ 850,000 - 1,000,000 HK$ 208,000 - 245,000 US$ 26,700 - 31,400 RMB 184,000 - 216,000 108

銅雕 版次1/8 簽名雕刻後方：Li Chen 1/8 1998 來源

中誠拍賣會，台北，2011年6月12日 ，編號16 現有收藏者購自上述來源 圖錄

《李真雕塑 1992-2002 》，亞洲藝術中心， 台北，2004，彩色圖版，頁47 (不同版次) 《第52屆威尼斯雙年展──李真：虛空的能 量》，亞洲藝術中心，台北，2007，彩色圖 版，頁48-49 《尋找精神的空間－李真中國美術館個展》， 亞洲藝術中心，台北，2008，彩色圖版， 頁194

069

CHANG TAO-LIN

張道林

(Chinese-American, b. 1925)

塵霾觀山

Hazy Mountains

1973

1973 Oil on canvas 72.5 x 61 cm Signed lower left Tao-lin in Chinese, T.L. Chang in English and dated 73

72.5 x 61 cm

NT$ 90,000 - 180,000 HK$ 22,000 - 44,000 US$ 2,800 - 5,600 RMB 19,000 - 39,000

油彩 畫布 簽名左下：道林 T.L. Chang 73

070

CHUANG CHE (Chinese-American, b. 1934)

莊喆 風景 76-50

Landscape 76-50

1976

1976 Oil and acrylic on canvas 84 x 121 cm Signed lower left Chuang Che in Chinese and dated 1976 Signed reverse Chuang Che, titled Landscape 76-50 , inscribed Mixed media, 84 x 120.5 cm (33.1 x 47.4 in.)

84 x 121 cm

PROVENANCE

Ravenel, Taipei, June 5, 2022, lot 281 Acquired from the above by the present owner

NT$ 850,000 - 1,200,000 HK$ 208,000 - 294,000 US$ 26,700 - 37,700 RMB 184,000 - 260,000 110

油彩 壓克力 畫布 簽名左下：1976 莊喆 簽名畫背：Landscape 76-50 Chuang Che, Mixed media 來源

羅芙奧拍賣會，台北，2022年6月5日， 編號281 現有收藏者購自上述來源

071

CHANG CHIA-YING (Taiwanese, b. 1982)

張嘉穎 門神ㄉㄨㄞ ㄉㄨㄞ人系列 (雙聯幅)

The Fatty Tatty Series (Diptych)

2004

2004 Acrylic on wooden panel 244 x 244 cm

244 x 244 cm

NT$ 850,000 - 950,000 HK$ 208,000 - 233,000 US$ 26,700 - 29,800 RMB 184,000 - 206,000

壓克力 木板

072

SULING WANG

王淑鈴

(Taiwanese, b. 1963)

觀想

Visualize (Study)

2022-2023

2022-2023 Acrylic and oil on canvas 116 x 91 cm Signed overlap SuLing Wang in English and Chinese dated 2022-23

116 x 91 cm

NT$ 600,000 - 900,000 HK$ 147,000 - 221,000 US$ 18,800 - 28,200 RMB 130,000 - 195,000 112

壓克力 油彩 畫布 簽名畫布折入處：SuLing Wang 王淑鈴 2022-23

073

CHEN CHENG WEI

陳承衛

(Chinese, b. 1984)

大民國系列－玉生香

Series on the Republic of China Lady with Jadite Fragrance

2016

2016 Oil on canvas 60 x 50 cm Signed lower right Chen Cheng Wei i n Chinese and English, and dated 2016

簽名右下：2016 陳承衛 Chen Cheng Wei

PROVENANCE

Ravenel, Taipei, June 3, 2017, lot 19

NT$ 600,000 - 900,000 HK$ 147,000 - 221,000 US$ 18,800 - 28,200 RMB 130,000 - 195,000

油彩 畫布 60 x 50 cm 來源

羅芙奧，台北，2017年6月3日，編號19

074

LIN WEI-HSIANG

林煒翔

(Taiwanese, b. 1983)

晃遊（9）

Stroll 9

2013

2013 Oil on canvas 162 x 227 cm

162 x 227 cm

PROVENANCE

Crane Gallery, Kaohsiung EXHIBITED

Lin Wei-Hsiang: Seeing the Stroll of Wind, Crane Gallery, Kaohsiung, October 12-November 14, 2013 This lot is accompanied by a certificate of authenticity signed by the artist and issued by Crane Gallery, Kaohsiung.

NT$ 300,000 - 500,000 HK$ 74,000 - 123,000 US$ 9,400 - 15,700 RMB 65,000 - 108,000 114

油彩 畫布

來源

弔詭畫廊，高雄 展覽

「林煒翔個展：在畫裡聽見風聲」，弔詭畫廊， 高雄，展期 2013年10月12日至11月14日 附弔詭畫廊開立之藝術家親簽原作保證書

075

BERNARD CHAROY

貝爾納．夏洛瓦

(French, 1931-2024)

安娜貝爾

Annabel

2015

2015 Oil on canvas 65 x 54 cm Signed lower right Bernard Charoy

65 x 54 cm

This lot is accompanied by a certificate of authenticity issued by Galerie Elegance, Taipei and a photo signed by the artist.

NT$ 280,000 - 400,000 HK$ 69,000 - 98,000 US$ 8,800 - 12,600 RMB 61,000 - 87,000

油彩 畫布 簽名右下：Bernard Charoy 附愛力根畫廊開立之原作保證書與藝術家 簽名照片

076

HILO CHEN

陳昭宏

(Chinese-American, b. 1942)

沙灘女郎

Beach 140

1989

1989 Oil on canvas 61 x 91.5 cm Signed reverse Hilo Chen , titled Beach 140 and dated 1989

61 x 91.5 cm

PROVENANCE

Times Gallery, Taipei

NT$ 280,000 - 440,000 HK$ 69,000 - 108,000 US$ 8,800 - 13,800 RMB 61,000 - 95,000 116

油彩 畫布 簽名畫背：Beach 140 Hilo Chen 89 來源

時代畫廊，台北

077

GUY BARDONE

居．巴赫東

(French, 1927-2015)

義大利托斯卡尼

Paysage de Toscane, Italie

約1990年

c. 1990 Oil on canvas 130 x 97 cm Signed lower center Bardone

130 x 97 cm

NT$ 280,000 - 420,000 HK$ 69,000 - 103,000 US$ 8,800 - 13,200 RMB 61,000 - 91,000

油彩 畫布 簽名下方：Bardone

078

XUE SONG

薛松

(Chinese, b. 1965)

解構書法 二

Construction-Calligraphy II

2005

2005 Mixed media on canvas 80 x 80 cm Signed lower right Xue Song in Chinese Signed reverse Xue Song in Chinese and English, titled Construction-Calligraphy in Chinese, inscribed 80 x 80 cm and dated 2005

80 x 80 cm

This lot is accompanied by a certificate of authenticity issued by Galerie du Monde, Hong Kong.

NT$ 260,000 - 420,000 HK$ 64,000 - 103,000 US$ 8,200 - 13,200 RMB 56,000 - 91,000 118

綜合媒材 畫布 簽名右下：薛松 簽名畫背：解構書法 80 x 80 cm 薛松 Xue Song 2005 附香港爍樂畫廊開立之原作保證書

079

HILO CHEN

陳昭宏

(Chinese-American, b. 1942)

花開－12（蘭）

Blossom-12 (Orchids)

1981

1981 Watercolor on paper 89.7 x 112.5 cm (image) 94 x 115.5 cm (sheet) Signed lower right Hilo Chen Titled 8123 Blossom-12 (Orchids)

89.7 x 112.5 cm (圖)

PROVENANCE

Louis K. Meisel Gallery, New York (Inventory No. 3249, gallery label verso) Christie’s New York, NY, February 13, 1989, lot 156 Private collection, Toronto Waddington’s Auction, Toronto, September 30, 2021, lot 34 Acquired from the above by the present owner

NT$ 220,000 - 340,000 HK$ 54,000 - 83,000 US$ 6,900 - 10,700 RMB 48,000 - 74,000

水彩 紙本 94 x 115.5 cm (紙) 簽名右下：Hilo Chen 題識左下：8123 Blossom-12 (Orchids) 來源

路易斯 K 麥瑟爾畫廊，紐約 (庫存編號 3249， 畫背有畫廊標籤) 佳士得，紐約，1989 年 2 月 13 日，編號 156 私人收藏，多倫多 沃丁頓拍賣行，多倫多，2021 年 9 月 30 日， 編號 34 現有收藏者購自上述來源

080

YANG CHIHUNG

楊識宏

(Taiwanese, b. 1947)

植物的美學系列－花蕾與貝殼

Buds and Shells

1991

1991 Oil on canvas 76 x 61 cm Signed lower right C.Yang and dated 91 Signed reverse Chihung Yang, dated 1991 and titled Buds and Shells

76 x 61 cm

NT$ 200,000 - 300,000 HK$ 49,000 - 74,000 US$ 6,300 - 9,400 RMB 43,000 - 65,000 120

油彩 畫布 簽名右下：C.Yang 91 簽名畫背：Chihung Yang 1991 Buds and Shells

081

CHANG LI-REN

張立人

(Taiwanese, b. 1983)

民國小電影

Republic of China Skin Flick

2013

2013 Animation 40 sec monitor, frame; ed. 3/8 This lot is accompanied by a certificate of authenticity signed by artist and issued by Inart Space, Tainan and signed by the artist.

NT$ 200,000 - 300,000 HK$ 49,000 - 74,000 US$ 6,300 - 9,400 RMB 43,000 - 65,000

電腦動畫40秒 螢幕 畫框 版次 3/8 附加力畫廊開立與藝術家簽名之作品保證書

082

CAI ZHISONG

蔡志松

(Chinese, b. 1972)

方玫瑰

Rose

2013

2013 Sheet lead 40(L) x 40(W) x 5(D) cm Engraved lower center Cai Zhisong and dated 2013.7.18

40(長) x 40(寬) x 5(厚) cm

NT$ 180,000 - 280,000 HK$ 44,000 - 69,000 US$ 5,600 - 8,800 RMB 39,000 - 61,000

122

鉛皮 簽名下方：Cai Zhisong 2013.7.18

083

PIERRE SOULAGES (French, 1919-2022)

皮耶．蘇拉吉 銅版畫第 27 號

Eau-forte XXVII

1974

1974 Etching in colors on Arches paper, ed. 8/100 52 x 72.5 cm Signed lower right SOULAGES Numbered lower left 8/100

52 x 72.5 cm

ILLUSTRATED

Pierre Encrevé, Marie-Cécile Miessner, Soulages L’Oeuvre Imprimé, BNF, Paris, 2003, no. 29, color illustrated Published by Galerie de France, Paris.

NT$ 130,000 - 200,000 HK$ 32,000 - 49,000 US$ 4,100 - 6,300 RMB 28,000 - 43,000

銅版畫 版次 8/100 簽名右下：SOULAGES 版次左下：8/100 圖錄

皮耶．恩克雷維、瑪麗-塞西爾．米斯納合著， 《蘇拉吉：版畫全集》，法國國家圖書館 (BNF) 出版，巴黎，2003年，編號 29，彩色圖版 此版畫由巴黎法蘭西畫廊發行

084

RENÉ GENIS

賀內．吉尼斯

(French, 1922-2004)

有雛菊色的黑色杯子

Les Pàquerettes au vase noir

油彩 厚紙板

Oil on cardboard 31 x 36.5 cm Signed lower right René Genis Titled reverse LES PAQUERETTES AU VASE NOIR, dated 2005 and inscribed G.B .

簽名右下：René Genis

This lot is accompanied by a certificate of authenticity issued by Galerie Elegance, Taipei.

NT$ 130,000 - 200,000 HK$ 32,000 - 49,000 US$ 4,100 - 6,300 RMB 28,000 - 43,000 124

31 x 36.5 cm 題識畫背：LES PAQUERETTES AU VASE NOIR G.B. 2005 附愛力根畫廊開立之原作保證書

085

KOSO SATO

佐藤公聰

(Japanese, 1948-2018)

淡水教會

Tamkang Church

1993

1993 Oil on canvas 80 x 100 cm Signed lower left Koso Sato and dated 1993

80 x 100 cm

This lot is accompanied by a certificate of authenticity issued by Modern Art Gallery, Taichung and signed by the artist.

NT$ 120,000 - 200,000 HK$ 29,000 - 49,000 US$ 3,800 - 6,300 RMB 26,000 - 43,000

油彩 畫布 簽名左下：1993 Koso Sato 附台中現代畫廊開立與藝術家簽名之原作保證書

086

MATÍAS SÁNCHEZ

馬蒂亞斯．桑切斯

(German, b. 1972)

自畫像

Self-portrait

2019

2019 Oil on canvas 72 x 60 cm Signed reverse Matías Sánchez, dated 2019 and inscribed Sevilla PINTANDO EN LA FALDA DE LA MONTAÑA

72 x 60 cm

NT$ 110,000 - 200,000 HK$ 27,000 - 49,000 US$ 3,500 - 6,300 RMB 24,000 - 43,000

126

油彩 畫布 簽名畫背：Matías Sánchez Sevilla, 2019 PINTANDO EN LA FALDA DE LA MONTAÑA

087

CAMILLE HILAIRE

卡密．伊列魯

(French, 1916-2004)

彩排中的芭蕾舞者

La Répétition

1961

1961 Oil on canvas 50.5 x 50.5 cm Signed lower left Hilaire Signed reverse Hilaire, dated 1961 and titled La Repetition

50.5 x 50.5 cm

NT$ 90,000 - 150,000 HK$ 22,000 - 37,000 US$ 2,800 - 4,700 RMB 19,000 - 32,000

油彩 畫布 簽名左下：Hilaire 簽名畫背：La Repetition 1961 Hilaire

088

CHANG CHAO-TANG

張照堂

(Taiwanese, 1943–2024)

新莊

Sinchung, Taiwan

1964

1964 Gelatin silver print 40 x 57 cm

40 x 57 cm

NT$ 80,000 - 120,000 HK$ 20,000 - 29,000 US$ 2,500 - 3,800 RMB 17,000 - 26,000

128

銀鹽相紙

089

JAN CHIN-SHUI

詹金水

Taiwanese, b. 1953)

幽壑秋色

Secluded Autumn

1996

1996 Oil on canvas 73 x 91 cm Signed lower right Chin-Shiu in Chinese and dated 1996 Signed Jan Chin-Shiu in Chinese, dated 1996 , titled Secluded Autumn in Chinese and inscribed 30 F

73 x 91 cm

This lot is accompanied by a certificate of authenticity issued by Robert & Li Art Gallery, Tainan.

NT$ 80,000 - 160,000 HK$ 20,000 - 39,000 US$ 2,500 - 5,000 RMB 17,000 - 35,000

油彩 畫布 簽名右下：金水 1996 簽名畫背：30F 詹金水 1996年 幽壑秋色 附第雅藝術開立之原作保證書

090

LIN BAO LING

林葆靈

(Taiwanese, b. 1981)

藍與紫的夜曲 Ⅵ

Nocturne in Blue and Purple Ⅵ

2013

2013 Acrylic and ink on canvas 51 x 76 cm Signed lower right Lin Bao Ling in Chinese and dated ‘13

51 x 76 cm

This lot is accompanied by a certificate of authenticity issued by Soka Art Center, Taipei, and signed by the artist.

NT$ 70,000 - 140,000 HK$ 17,000 - 34,000 US$ 2,200 - 4,400 RMB 15,000 - 30,000 130

壓克力 墨 畫布 簽名右下：Lin Bao Ling '13 附索卡當代藝術有限公司開立與藝術家簽名之 原作保證書

091

HSIEH HSIAO-DE

謝孝德

(Taiwanese, b. 1940)

風景

Landscape

2011

2011 Watercolor on paper 79 x 110 cm Signed lower left Hsieh Hsiao-De in Chinese and dated 2011

79 x 110 cm

NT$ 30,000 - 60,000 HK$ 7,000 - 15,000 US$ 900 - 1,900 RMB 6,000 - 13,000

水彩 紙本 簽名左下：2011 謝孝德

092

TAKASHI MURAKAMI (Japanese, b. 1962)

Doraemon: Hip Hip Hurrah!

2020 Offset lithograph in color with silver and high gloss varnishing; ed. 69/1000 66 x 57 cm Signed lower right Takashi Murakami and numbered 69/1000 Inscribed lower left Fujiko F. Fujio in Japanese Published by Kaikai Kiki Co., Ltd., Tokyo

NT$ 20,000 - 40,000 HK$ 5,000 - 10,000 US$ 600 - 1,300 RMB 4,000 - 9,000 村上隆 哆啦A夢：萬萬歲！ 2020 彩色平版版畫 銀箔金屬與高亮光漆效果 版次 69/1000 66 x 57 cm 簽名版次右下：Takashi Murakami 69/1000 標記印刷左下：藤子不二雄

093

TAKASHI MURAKAMI (Japanese, b. 1962)

Miyavi 2016 Offset lithograph with silver and high gloss varnishing on paper, ed. 159/300 76.5 × 72 cm Signed lower right Takashi Murakami in English and numbered 159/300

NT$ 40,000 - 80,000 HK$ 10,000 - 20,000 US$ 1,300 - 2,500 RMB 9,000 - 17,000 村上隆 雅 2016 膠印石版版畫 銀色錫墨 高光油墨紙 版次159/300 76.5 x 72 cm 簽名版次右下：Takashi Murakami 159/300

132

094

TAKASHI MURAKAMI (Japanese, b. 1962)

And Then x 727 (a set of 2) 2013 Offset lithograph ed. 87/300; 64/300 50 x 50 cm (each) Signed lower right Murakami 87/300; 64/300

NT$ 90,000 - 160,000 HK$ 22,000 - 39,000 US$ 2,800 - 5,000 RMB 19,000 - 35,000 村上隆 然後 x 727 (兩件一組) 2013 石板版畫 版次87/300; 64/300 50 x 50 cm (每件) 簽名右下：Murakami 87/300；64/300

095

YUICHI HIRAKO (Japanese, b. 1982)

Resin 42 2020 Risograph, edition of 20 29.5 x 29.5 cm EXHIBITED

RISO IS IT , OIL by Bijutsu Techo Gallery, Tokyo, June 1-July 3, 2020

NT$ 30,000 - 60,000 HK$ 7,000 - 15,000 US$ 900 - 1,900 RMB 6,000 - 13,000 平子雄一 樹脂42 2020 孔版印刷版畫 限量20件 29.5 x 29.5 cm 展覽

「RISO IS IT」，OIL by 美術手帖，東京， 展期2020年6月1日至7月3日

096

MAYUKA YAMAMOTO

山本麻友香

(Japanese, b. 1964)

白鹿角

White Antlers

2025

2025 Lithograph, ed. 35/50 35 x 40 cm (image) 45 x 50 cm (sheet) Signed lower Mayuka , titled white antlers and numbered 35/50

35 x 40 cm (圖)

PROVENANCE

Gallery Woo, Seoul Acquired from the above by the present owner This lot is accompanied by a certificate of authenticity issued by Gallery Woo, Seoul.

NT$ 40,000 - 80,000 HK$ 10,000 - 20,000 US$ 1,300 - 2,500 RMB 9,000 - 17,000 134

石版畫 版次 35/50 45 x 50 cm (紙) 簽名版次下方：35/50 white antlers Mayuka 2025 來源

宇畫廊，首爾 現有收藏者購自上述來源 附宇畫廊開立之作品保證書

097

MAYUKA YAMAMOTO

山本麻友香

(Japanese, b. 1964)

小白熊男孩

Little White Bear Boy

2021

2021 Lithograph, ed. 71/75 45.5 x 33 cm (image) 56 x 43.5 cm (sheet) Signed Mayuka , titled little white bear bo y and numbered 71/75

45.5 x 33 cm (圖)

NT$ 40,000 - 80,000 HK$ 10,000 - 20,000 US$ 1,300 - 2,500 RMB 9,000 - 17,000

石版畫 版次 71/75 56 x 43.5 cm (紙) 簽名版次下方：71/75 little white bear boy Mayuka

098

MR.

Mr.

(Japanese, b. 1969)

熱騰騰的熱狗很好吃

Corn Dogs Are Best When Hot

2021

2021 Offset lithograph, ed. 185/300 45 x 65 cm Signed lower right Mr. , numbered 185/300

45 x 65 cm

This lot is accompanied by a certificate of authenticity issued by DOPE Gallery, Hong Kong.

NT$ 50,000 - 100,000 HK$ 12,000 - 25,000 US$ 1,600 - 3,100 RMB 11,000 - 22,000

136

膠印版畫 版次 185/300 簽名右下：Mr. 2021 185/300 附香港DOPE畫廊開立之作品保證書

099

DAVID SHRIGLEY

大衛．史瑞格里

(British, b. 1968)

黑貓

Black Cats

2021

2021 Screen print in colors, ed. 51/125 76 x 56 cm Initialed reverse DS , numbered 51/125 and dated 2021

76 x 56 cm

NT$ 70,000 - 140,000 HK$ 17,000 - 34,000 US$ 2,200 - 4,400 RMB 15,000 - 30,000

彩色絲網版畫 版次 51/125 簽名畫背：51/125 DS 2021

100

DAMIEN HIRST

達明．赫斯特

(British, b. 1965)

蝴蝶旋轉畫

Spin Painting - Butterfly

2009

2009 Acrylic, metallic paint on paper 52 x 68 cm Printed signature Damien Hirst , stamped with the artist’s copyright and marked with the studio’s blind stamp on the reverse

52 x 68 cm

NT$ 70,000 - 140,000 HK$ 17,000 - 34,000 US$ 2,200 - 4,400 RMB 15,000 - 30,000 138

壓克力 金屬塗料 紙本 印刷簽名畫背：Damien Hirst © Damien Hirst 藝術家工作室壓印

101

MIWA KOMATSU (Japanese, b. 1984)

Encounter with Yamainu-sama in Spring Wind of Woodland 2020 Screenprint, lamé, ed. 37/50 43 x 53 cm (image); 54 x 63 cm (sheet) Signed lower right Ko Miwa, numbered lower left 37/50

NT$ 80,000 - 160,000 HK$ 20,000 - 39,000 US$ 2,500 - 5,000 RMB 17,000 - 35,000 小松美羽 於春風萌動的里山中，邂逅山犬之神 2020 絲網版畫 閃粉 版次 37/50 43 x 53 cm (圖)；54 x 63 cm (紙) 簽名右下：Ko Miwa

102

版次左下：37/50

MIWA KOMATSU (Japanese, b. 1984)

The Unity of Three Hearts 2020 Screenprint, ed. 61/70 53 x 45.5 cm (image); 63 x 54 cm (sheet) Signed lower right Ko Miwa , numbered lower left 61/70

NT$ 80,000 - 160,000 HK$ 20,000 - 39,000 US$ 2,500 - 5,000 RMB 17,000 - 35,000 小松美羽

狛犬様：三心一體 2020

絲網版畫 版次 61/70 53 x 45.5 cm (圖)；63 x 54 cm (紙) 簽名右下：Ko Miwa 版次左下：61/70

103

ZAO WOU-KI (Chinese-French, 1921-2013)

Centennial Olympic Suite 1992 Lithograph, ed. 58/250 75.2 x 53.5 cm (image) 89.3 x 60.8 cm (sheet) Signed lower right Wou Ki in Chinese and ZAO Numbered lower left 58/250 ILLUSTRATED

Jørgen Ågerup, Zao Wou-Ki The Graphic Work: A Catalogue Raisonné 1937-1995, Edition Heeds Moestrup, 1994, Copenhagen, no. 358, p.198

NT$ 80,000 - 160,000 HK$ 20,000 - 39,000 US$ 2,500 - 5,000 RMB 17,000 - 35,000 趙無極 百年奧運會 1992 石版畫 版次 58/250 75.2 x 53.5 cm (圖) 89.3 x 60.8 cm (紙) 簽名右下：無極 ZAO 版次左下：58/250 圖錄

喬詹．阿格魯普，《趙無極版畫集1937-1995》， 黑德與莫斯特魯普出版社，哥本哈根，1994， 編 號 358，頁198

140

104

ZAO WOU-KI (Chinese-French, 1921-2013)

Untitled 1989 Lithograph on Arches wove paper, ed. EA 6/15 58 x 46.5 cm (image) 65 x 50 cm (sheet) Signed lower right Wou-Ki i n Chinese and ZAO Numbered lower left EA 6/15 ILLUSTRATED

Jørgen Ågerup, Zao Wou-Ki The Graphic Work: A Catalogue Raisonné 1937-1995, Edition Heeds Moestrup, 1994, Copenhagen, no. 338, p.188

NT$ 80,000 - 160,000 HK$ 20,000 - 39,000 US$ 2,500 - 5,000 RMB 17,000 - 35,000

趙無極 無題 1989 石版畫 版次 EA 6/15 58 x 46.5 cm (圖) 65 x 50 cm (紙) 簽名右下：無極 ZAO 編號左下：EA 6/15 圖錄

喬詹．阿格魯普，《趙無極版畫集 1937-1995》，黑德與莫斯特魯普出版社，哥本 哈根，1994， 編號 338，頁188

105

TOMOKAZU MATSUYAMA

松山智一

(Japanese, b. 1976)

厭倦陽光

Jaded Sunshine

2019

2019 Screenprint (mixed media with pearlescent and high gloss, gold leaf); ed. 61/75 Diameter 73 cm Signed lower center Matsuyama and numbered 61/75

版次 61/75

This lot is accompanied by a certificate of authenticity issued by Avant Arte.

NT$ 90,000 - 180,000 HK$ 22,000 - 44,000 US$ 2,800 - 5,600 RMB 19,000 - 39,000 142

絲網版畫 (綜合媒材、珠光與高光澤飾面 金箔) 直徑 73 cm 簽名版次下方：Matsuyama 61/75 附Avant Arte開立之作品保證書

106

YOSHITOMO NARA

奈良美智

(Japanese, b. 1959)

飄渺世界的海洋之子

Ocean Child in the Floating World

1999

1999 Reworked woodcut, Fuji xerox copy, ed. 39/50 41.5 x 29.5 cm Signed center bottom Na in Japanese, dated lower right 99, numbered lower left 39/50

41.5 x 29.5 cm

NT$ 190,000 - 280,000 HK$ 47,000 - 69,000 US$ 6,000 - 8,800 RMB 41,000 - 61,000

木刻版畫彩印紙本 版次 39/50 簽名下方：な 年代右下：99 版次左下：39/50

107

TEHCHING HSIEH (SAM HSIEH)

謝德慶

(Taiwanese, b. 1950)

一年行為表演(1978-1979)

One Year Performance (1978-1979)

1980; 2006

1980; 2006 Print ed. 139/365 127 x 97 cm (print); 27.5 x 21.5 cm (statement); 44.5 x 28.5 cm (poster) Signed and dated lower right Sam Hsieh 1980 Tehching Hsieh 2006 Numbered lower left 139/365

127 x 97 cm (版畫)；27.5 x 21.5 cm (聲明)；

NT$ 200,000 - 400,000 HK$ 49,000 - 98,000 US$ 6,300 - 12,600 RMB 43,000 - 87,000 144

版畫 版次139/365 44.5 x 28.5 cm (海報) 簽名年代右下：Sam Hsieh 1980, Tehching Hsieh 2006 編號左下：139/365

108

BERNARD BUFFET

貝爾納．畢費

(French, 1928-1999)

我的馬戲團

Mon Cirque

1968

1968 Lithograph, ed. 20/150 62 x 50.5 cm (image); 74 x 56 cm (sheet) Signed lower right Bernard Buffet Numbered lower left 20/150

62 x 50.5 cm (圖)；74 x 56 cm (紙)

ILLUSTRATED

Charles Sorlier, Bernard Buffet: Lithographe , Editions Michel Trinckvel, Paris, 1979, no.139, p.109 Promenade à Paris, Galerie Elegance, Taipei, 2011, color illustrated, p. 43 This lot is accompanied by a certificate of authenticity issued

by Galerie Elegance, Taipei.

NT$ 320,000 - 500,000 HK$ 78,000 - 123,000 US$ 10,000 - 15,700 RMB 69,000 - 108,000

石版畫 版次 20/150 簽名右下：Bernard Buffet 編號左下：20/150 圖錄

查爾斯．索里爾，《貝爾納．畢費：石版畫》， 米歇爾．特林克維爾出版社，巴黎，1979， 編號139，頁109 《品味巴黎》，愛力根畫廊，台北，2011年， 彩色圖版，頁43 附愛力根畫廊開立之作品保證書

109

YAYOI KUSAMA (Japanese, b. 1929)

Alice’s Adventures in Wonderland – Louis Vuitton Deluxe Box Set (set of 3) 2012 Illustrated book, screenprint, and Lambda C-type print, ed. 046/111 78 x 55 cm (box); 22.5 x 19 cm (book); 36.6 x 29.4 cm (print); 44.1 x 29.4 cm (photograph) Signed lower Yayoi Kusama, dated 2012 and numbered 046/111 (print) Signed lower Yayoi Kusama and numbered 046/111 (photograph) Signed Yayoi Kusama on title page (book)

NT$ 300,000 - 420,000 HK$ 74,000 - 103,000 US$ 9,400 - 13,200 RMB 65,000 - 91,000 146

草間彌生 愛麗絲夢遊仙境—路易威登豪華套組 （三件一組） 2012 插圖書、絲網版畫與Lambda C型沖印照片， 版次 046/111 78 x 55 cm (外盒)；22.5 x 19 cm (書本)； 36.6 x 29.4 cm (版畫)；44.1 x 29.4 cm (照片) 簽名下方：Yayoi Kusama 2012 046/111 (版畫) 簽名下方：046/111 Yayoi Kusama (照片) 簽名內頁：Yayoi Kusama（書本)

110

YAYOI KUSAMA

草間彌生

(Japanese, b. 1929)

蝶之巢

Butterflies Nest

2011

2011 Silkscreen, ed. PP 3/5 37.8 x 45.3 cm (image) 55 x 59 cm (sheet) Signed lower Yayoi Kusama , titled Butterflies Nest in Japanese, numbered pp. 3/5 and dated 2011

37.8 x 45.3 cm (圖)

ILLUSTRATED

Yayoi Kusama Prints 1979-2017 , Abe Publishing Ltd, Tokyo, 2017, color illustrated, no. 371, p. 212 (different edition)

NT$ 440,000 - 550,000 HK$ 108,000 - 135,000 US$ 13,800 - 17,300 RMB 95,000 - 119,000

絲網版畫 版次 PP 3/5 55 x 59 cm (紙) 簽名下方：Yayoi Kusama PP 3/5 蝶の巢 2011 圖錄

《草間彌生全版畫1979-2017》，阿部出版 社株式會社，東京，2017，彩色圖版，編號 371，頁212 (不同版次)

111

YAYOI KUSAMA

草間彌生

(Japanese, b. 1929)

高跟鞋（銀）

High-Heels (Silver)

2013

2013 Porcelain, HC 5/5 22(L) x 8(W) x 20(H) cm (right foot) 22(L) x 8(W) x 16.5(H) cm (left foot) Signed on the bottom Yayoi Kusama, dated 2013 and numbered HC 5/5 (Each)

22(長) x 8(寬) x 20(高) cm (右腳)

This lot is accompanied by a centificate of authenticity issued by FMR Ltd, Osaka.

NT$ 750,000 - 850,000 HK$ 184,000 - 208,000 US$ 23,500 - 26,700 RMB 162,000 - 184,000

148

瓷器 HC 5/5 22(長) x 8(寬) x 16.5(高) cm (左腳) 簽名底部：HC 5/5 Yayoi Kusama 2013 (每件) 附 FMR Ltd. 開立之作品保證書

112

ZHAN WANG (Chinese, b. 1962)

展望 假山石 20#

Artificial Rock No. 20

2005

2005 Stainless steel, ed. 6/8 40(L) × 37(W) × 36(H) cm Engraved Zhan Wang in Chinese, numbered 6/8 and dated 2005

40(長) x 37(寬) x 36(高) cm

PROVENANCE

Red Mansion Foundation, London Private collection, Hong Kong Private collection, Hong Kong This lot is accompanied by a certificate of authenticity signed by the artist.

NT$ 650,000 - 950,000 HK$ 159,000 - 233,000 US$ 20,400 - 29,800 RMB 141,000 - 206,000

不鏽鋼 版次 6/8 簽名雕刻：展望 6/8 2005 來源

紅樓基金會，倫敦 私人收藏，香港 私人收藏，香港 附藝術家簽名之作品保證書

113

PIERRE-YVES TRÉMOIS (French, 1921-2020)

Le Cynocéphale 1977 Polished Bronze, ed. 7/8 38(L) × 13(W) × 54(H) cm Engraved Trémois , numbered 7/8 and inscribed Susse Fonderie Paris ILLUSTRATED

Trémois d’un trait, Éditions Michèle Trinckvel, Paris, 1982, p. 187 (another cast) La Lettre de l’Académie des beaux-arts, n° 89: Un bestiaire des arts, printemps 2019 , Académie des beaux-arts, Paris, 2019, color illustrated, cover page (another cast) This lot is accompanied by a certificate of authenticity signed by the artist and issued by Elegant Art Center, Taipei.

NT$ 500,000 - 750,000 HK$ 123,000 - 184,000 US$ 15,700 - 23,500 RMB 108,000 - 162,000 皮耶－伊夫．特墨 犬首人 1977 拋光銅雕 版次 7/8 38(長) x 13(寬) x 54(高) cm 雕刻簽名：Susse Fonderie Paris Trémois 7/8 圖錄

《線條之特墨》，米歇．坦克維爾出版社，巴黎， 1982，頁187 (另一鑄件) 《法蘭西藝術學院通訊第89期：藝術動物寓言集》 2019年春季號，法蘭西藝術學院，2019，彩色圖版， 封面 (另一鑄件) 附雅德畫廊畫開立之藝術家簽名之作品保證書

150

114

JU MING

朱銘

(Taiwanese, 1938-2023)

人間系列—生生不息

Living World Series – Endless

2007

2007 Nickel-copper, ed. 140/200 31(L) x 17(W) x 52(H) cm Engraved on right back Ju Ming , dated 2007, inscribed Audi A6 Masterpiece, and numbered 140/200

31(長) x 17(寬) x 52(高) cm

NT$ 260,000 - 420,000 HK$ 64,000 - 103,000 US$ 8,200 - 13,200 RMB 56,000 - 91,000

銅鍍鎳 版次 140/200 簽名雕刻右後：朱銘 2007 Audi A6 Masterpiece 140/200

115

YOSHIMASA TSUCHIYA (Japanese, b. 1977)

Shika 2021 Wood, crystal, polychrome 40(L) x 14(W) x 56(H) cm Signed bottom Yoshimasa Tsuchiya in kanji and dated 2021 Signed Yoshimasa Tsuchiya, titled Shika in kanji and dated 2021 on wooden box.

With one seal of the artist.

NT$ 650,000 - 1,000,000 HK$ 159,000 - 245,000 US$ 20,400 - 31,400 RMB 141,000 - 216,000 土屋仁応 鹿 2021 樟木 水晶 彩繪 40(長) x 14(寬) x 56(高) cm 簽名底部：土屋仁応 2021 簽名原裝木盒：鹿 2021 土屋仁応 鈐印木盒：土屋仁応

152

116

YOSHIMASA TSUCHIYA (Japanese, b. 1977)

Kirin 2020 Wood, crystal, polychrome 37(L) x 13(W) x 55.5(H) cm Signed bottom Yoshimasa Tsuchiya in kanji and dated 2020 Signed Yoshimasa Tsuchiya, titled Kirin in Japanese and dated 2020 on wooden box With one seal of the artist.

NT$ 600,000 - 950,000 HK$ 147,000 - 233,000 US$ 18,800 - 29,800 RMB 130,000 - 206,000 土屋仁応 長頸鹿（キリン） 2020 樟木 水晶 彩繪 37(長) x 13(寬) x 55.5(高) cm 簽名底部：土屋仁応 2020 簽名原裝木盒：キリン 2020 土屋仁応 鈐印木盒：土屋仁応

117

AKIRA YOSHIDA

吉田朗

(Japanese, b. 1976)

福犬

Inuhariko - Atomic Cloud

玻璃纖維 烤漆著色

Fiberglass-reinforced plastic, urethane paint, coloring with airbrush 90(L) x 42(W) x 93(H) cm Printed signature on the left hind foot Akira Yoshida in kanji and English

印刷簽名左後足：吉田朗 Akira Yoshida

NT$ 320,000 - 420,000 HK$ 78,000 - 103,000 US$ 10,000 - 13,200 RMB 69,000 - 91,000

154

90(長) x 42(寬) x 93(高) cm

118

AKIHIKO YOSHIDA (NIKICHI) (Japanese, b. 1954)

The Miracle That Landed 2022 Ash Wood 19.5(L) x 15(W) x 30(H) cm Engraved bottom Niki in kanji

NT$ 240,000 - 340,000 HK$ 59,000 - 83,000 US$ 7,500 - 10,700 RMB 52,000 - 74,000 吉田昭彥（仁吉） 降臨的奇蹟 2022 梣木 19.5(長) x 15(寬) x 30(高) cm 簽名雕刻底部：仁

119

BENREI HUANG (Taiwanese, b. 1959)

Nini 2014 Flocked fiberglass, ed. 39/100 35(L) x 28(W) x 65.5(H) cm Engraved on the bottom Huang Benrui , numbered 39/100 and dated 2014 This lot is accompanied by a certificate of authenticity signed by the artist and issued by Eslite Gallery, Taipei.

NT$ 130,000 - 190,000 HK$ 32,000 - 47,000 US$ 4,100 - 6,000 RMB 28,000 - 41,000 黃本蕊 尼尼 2014 玻璃纖維 植絨 版次 39/100 35(長) x 28(寬) x 65.5(高) cm 簽名雕刻底部：黃本蕊 2014 39/100 附誠品畫廊開立之藝術家簽名作品保證書

156

120

YOSHIMASA TSUCHIYA

土屋仁応

(Japanese, b. 1977)

人形－佳人

Doll - Kajin

2025

2025 Camphor wood, crystal, polychrome, silk and plant-based dyes 19(H) x 10(W) x 8(D) cm (doll) 35(W) x 25(D) cm (fabric) Signed Yoshimasa Tsuchiya, titled Doll-Kajin in kanji and dated 2025 on wooden box.

With one seal of the artist EXHIBITED

Yoshimasa Tsuchiya Wood Carving Exhibition: Bodhisattva and Elephant, Doll and Fabrics, Atelier Shimura, Tokyo, February 1-10, 2025.

NT$ 170,000 - 240,000 HK$ 42,000 - 59,000 US$ 5,300 - 7,500 RMB 37,000 - 52,000

樟木、彩繪、水晶、裂織（由 Atelier Shimura 製作/著裝）：絲綢、植物染料 19(高) x 10(寬) x 8(深) cm (人形) 約 35(寬) x 25(深) cm (裂織) 簽名原裝木盒：人形 佳人 2025 土屋仁応 鈐印木盒：土屋仁応 展覽

「土屋仁応木彫展：菩薩與象．人形與裂」， 志村工房，東京，展期2025年2月1日至10日

121

REN ZHE (Chinese, b. 1983)

Ready for Action 2007 Bronze, ed. AP1 60(L) x 50(W) x 70(H) cm Engraved on the back Ren in Chinese and Ren Zhe in English, numbered 1/AP ILLUSTRATED

Ren Zhe - Tang Warrior, Ping Gallery, Taipei, 2007, color illustrated (another cast) This lot is accompanied by a certificate of authenticity issued by Ping Art Space, Taipei.

NT$ 170,000 - 260,000 HK$ 42,000 - 64,000 US$ 5,300 - 8,200 RMB 37,000 - 56,000 任哲 劍拔弩張 2007 銅雕 版次 AP1 60(長) x 50(寬) x 70(高) cm 簽名雕刻背部：1/AP 任 Ren Zhe 圖錄

《任哲─盛唐戰士》，藏新畫廊， 台北，2007，彩色圖版 (另一版次) 附平藝術空間開立之作品保證書

158

122

POREN HUANG (Taiwanese, b. 1970)

The Cowman 2007 Bronze and gold foil, ed. 3/12 28(L) x 35(W) x 60.5(H) cm Initialed base PR , dated 2007 and numbered 12-3 ILLUSTRATED

The Dog’s Notes , Powen Gallery Co., Ltd., Taipei, 2014, color illustrated

NT$ 190,000 - 280,000 HK$ 47,000 - 69,000 US$ 6,000 - 8,800 RMB 41,000 - 61,000 黃柏仁 牧場的主人 2007 銅雕 金箔 版次 3/12 28(長) x 35(寬) x 60.5(高) cm 簽名底座：2007 PR 12-3 圖錄

《狗札記—黃柏仁》，紅野畫廊有限公司，台北， 2014，彩色圖版

123

MOE NAKAMURA (Japanese, b. 1988)

Loop Loop 2015 Polystone, ed. 92/130 14(L) x 11(W) x 20(H) cm Signed underside Moe and dated 2016.10.7 This lot is accompanied by a certificate signed by the artist and it is in original product box.

NT$ 50,000 - 100,000 HK$ 12,000 - 25,000 US$ 1,600 - 3,100 RMB 11,000 - 22,000 中村萌 圈圈 2015 寶麗石粉樹脂 版次 92/130 14(長) x 11(寬) x 20(高) cm 簽名足底：Moe 2016.10.7 附藝術家簽名保證卡與原產紙盒包裝

124

JAVIER GONZALEZ BURGOS (JAVIER BURGOS) (Argentine, b. 1974)

Ueno Park 2022 Resin, ed. 36/50 17.4(L) x 25.2(W) x 35(H) cm This lot is accompanied by a certificate of authenticity and a wooden box.

NT$ 60,000 - 120,000 HK$ 15,000 - 29,000 US$ 1,900 - 3,800 RMB 13,000 - 26,000 哈維爾．岡薩雷斯．布爾戈斯 上野公園 2022 樹酯 版次 36/50 17.4(長) x 25.2(寬) x 35(高) cm 附作品保證書及木盒

160

125

KEIICHI TANAAMI (Japanese, 1936-2024)

BE@RBRICK 1000% Red & Black (a set of 2) 2019 ABS plastic, limited edition 36(L) x 25(W) x 72(H) cm (each) Stamped underside trademarks MEDICOM TOY and BE@RBRICK This lot is accompanied by its original product box.

NT$ 50,000 - 80,000 HK$ 12,000 - 20,000 US$ 1,600 - 2,500 RMB 11,000 - 17,000

田名網敬一 庫柏力克熊 1000% 紅色與黑色 (兩件一組) 2019 ABS 硬塑料；限量發行 36(長) x 25(寬) x 72(高) cm (每件) 足底標誌：MEDICOM TOY BE@RBRICK 附原產紙盒包裝

126

JU MING (Taiwanese, 1938-2023)

Living World Series Unsaturated polyester resin, calcium carbonate, environmentally friendly water based mineral paint, ed. 186/300 9.8(L) x 6.6(W) x 40(H) cm Signed on the bottom JUMING MUSEUM and numbered 186/300 This lot is accompanied by a certificate of limited reproduction issued by Juming Museum, New Taipei.

NT$ 30,000 - 60,000 HK$ 7,000 - 15,000 US$ 900 - 1,900 RMB 6,000 - 13,000 朱銘 人間系列—彩繪木雕 不飽和聚酯樹脂 水性環保礦物顏料 版次 186/300 9.8(長) x 6.6(寬) x 40(高) cm 簽名底部：朱銘美術館 186 /300 附朱銘美術館限量複製品證明書

127

JU MING (Taiwanese, 1938-2023)

Living World Series - Painted Woodcarving 2024 Unsaturated polyester resin, water-based environmentally friendly mineral pigments, ed. 056/300 66.2(L) x 12.2(W) x 19.8(H) cm Printed with publisher’s name JUMING MUSEUM on the bottom Numbered bottom 056/300 This lot is accompanied by a certificate of limited reproduction issued by Juming Museum, New Taipei.

NT$ 80,000 - 160,000 HK$ 20,000 - 39,000 US$ 2,500 - 5,000 RMB 17,000 - 35,000 朱銘 人間系列—彩繪木雕 2024 不飽和聚酯樹脂 水性環保礦物顏料 版次 056/300 66.2(長) x 12.2(寬) x 19.8(高) cm 版次底部：朱銘美術館 056/300 附朱銘美術館限量複製品證明書

162

128

JU MING

朱銘

(Taiwanese, 1938 - 2023)

太極系列—單鞭下勢

Taichi Series - Single Whip

2015

2015 Unsaturated polyester resin, calcium carbonate, oil color paste, ed. 278/300 28.5(L) x 14.4(W) x 18.2(H) cm Printed with the publisher’s name JUMING MUSEUM on the bottom Numbered on the bottom 278/300

28.5(長) x 14.4(寬) x 18.2(高) cm

This lot is accompanied by a certificate of limited reproduction issued by Juming Museum, New Taipei.

NT$ 90,000 - 180,000 HK$ 22,000 - 44,000 US$ 2,800 - 5,600 RMB 19,000 - 39,000

不飽和聚酯樹脂 碳酸鈣 油性色母 版次 278/300 版次底部：朱銘美術館 278/300 附朱銘美術館限量複製品證明書

164

給予買家的重要通知 本拍賣會依據「羅芙奧股份有限公司業務規則」舉行，請在參加拍賣會之前仔細閱讀，充分理解以下規則： 1.

有意參與競投的買家需事前辦理登記申請手續：請出示有效證件 ( 如：身份證明、護照…) 並填寫登記文件以及繳納競投保證金。

2.

競投保證金 : 新台幣陸拾萬元或貳萬美金。

3.

競投保證金需於 2026 年 5 月 21 日以前完成匯款至本公司指定帳號如下 : 銀行：匯豐（台灣）商業銀行 - 台北分行 銀行代碼：0810016 戶名：羅芙奧股份有限公司 帳號：001-234830-031（新台幣）或 001-234830-061（美金） 地址：台北市基隆路一段 333 號 14 樓 匯款時請指示銀行本公司需實收競投保證金全額，銀行手續費請匯款人負擔。

4.

2026 年 5 月 21 日之後，若欲參與競投領取牌號者需於台北拍賣預展期間 (2026 年 5 月 22 日至 5 月 24 日 ) 以新台幣現鈔支付 ( 恕不接受除現金之外之其他繳納方式 )，收款將於 5 月 24 日中午 12 點截止。

5.

電話

書面

網路競投：競投者如不能出席拍賣會，可透過電話

書面

網路方式進行競投。登記申請手續以及競投保證金

之繳納亦需在 2026 年 5 月 21 日以前完成匯款至本公司指定帳號。 6.

如於 2026 年 5 月 21 日以前完成競投保證金匯款，請提供我方可證明已匯款的證明文件。確認收到競投保證金匯款後，我們將 與競投者聯繫並與之確認其競標牌號。

7.

拍賣當天已繳納競投保證金之競投者欲領取所登記的牌號時，請出示有效證件 ( 如：身份證明、護照…) 以確認身份。

8.

競投保證金退還方式： (1) 有成交： (a) 競投保證金以「匯款」方式完成者，扣除應支付予本公司之款項 ( 包含落槌價、服務費及其他費用 ) 後，若有餘額 需退還，本公司將於拍賣日後十四個工作天內以匯款方式退還給買家。 (b) 競投保證金以「現金」方式完成者，扣除應支付予本公司之款項 ( 包含落槌價、服務費及其他費用 ) 後，若有餘額 需退還，本公司將於拍賣當日以現金退還給買家。 (c) 若買家無正當理由未於成功拍賣日期後七天內支付全部應支付之款項（包含落槌價、服務費及其他費用）予本公司， 買家不得請求返還競投保證金。 (2) 未成交：若競投者未能購得拍賣品且對本公司無任何欠款則將無息退還保證金。競投保證金以「匯款」方式完成者， 本公司將於拍賣日後十四個工作天內以匯款方式退還給買家。競投保證金以「現金」方式完成者，本公司將於拍賣 當日以現金退還給買家。

9.

若成功得標買方欲現場取貨，買方之應付款項 ( 落槌價、服務費及其他費用 ) 金額超過競投保證金金額時，買方得以下列方式 結清帳款： (1) 現鈔：上限新台幣伍拾萬元。 (2) 信用卡與銀聯卡：刷卡上限為新台幣壹佰萬元。信用卡與銀聯卡持有人必需是買家本人，本公司不接受他人之信用卡。

10. 羅芙奧股份有限公司有權在發生任何不可預見的糾紛或矛盾的狀況之下，對於接受或拒絕付款（包含競投保證金）保留全部的 決定權。

IMPORTANT NOTICE TO BUYERS The auction will strictly abide by the Transaction Agreement set out by Ravenel Ltd. Prior to participating in the auction, bidders are advised to read and understand the following regulations: 1.

Interested parties must complete the registration procedures with valid personal identifications (i.e. Identification card, Passport, etc.).

The completion of a registration form and the payment of a bidding deposit are required.

2.

Bidding deposit in the amount of NT$ 600,000 or US$ 20,000.

3.

The bidding deposit must be transferred to Ravenel's specified Bank account prior to 21 May 2026, details as follow: Beneficiary's Bank: HSBC BANK (Taiwan) Limited.

SWIFT Code: HSBCTWTP Beneficiary's Name: Ravenel Ltd. Beneficiary's Account No: 001-234830-031 (NT$) or 001-234830-061 (US$) Beneficiary Bank Address: 14F, No. 333, Sec 1, Keelung Road, Taipei 110, Taiwan The bank should be notified that the transfer must be exactly the amount of bidding deposit. The payer will be responsible for any associated bank service fees.

4.

After the 21 May 2026, parties interested in obtaining a paddle number must submit a cash security deposit during the Taipei previews (From 22-24 May 2026). Acceptance will cease on 24 May by 12noon (No other forms of payment will be accepted).

5.

Telephone / written / internet bids: In the event that the bidder chooses not to be present at venue on the day of the auction, the bidder may place a bid through means of a telephone, written or internet bid. A registration form must be completed and the bidding deposit transferred to Ravenel's specified Bank account before the 21 May 2026.

6.

If the bidding deposit has been transferred prior to 21 May 2026, suitable proof or documentation is required. Once this information is verified, the payer will be contacted for details of his/her/its paddle number.

7.

If the payment of the bidding deposit is made on the day of the auction, the payer may obtain his/her/its paddle number with valid personal identification (i.e. Identification Card, passport, etc.) for purposes of verification.

8.

Return of the Security Deposit: (1) Completed Transaction: (a) For successful bidder with a bidding deposit made through wire transfer, the hammer price, buyer's premium and other expenses will be deducted from the bidding deposit, any remaining value will be returned to the successful bidder within 14 business days through means of a wire transfer. (b) For successful bidders with bidding deposit made by Cash, the hammer price, buyer's premium and other expenses will be deducted from the bidding deposit, any remaining value will be returned to the successful bidder on the same day after the auction for a cash refund. (c) If the Buyer, without any good cause, fails to pay any and all payment (including but without limitation, hammer price, buyer's premium, and other expenses) of the Lot to the Company within 7 days after the auction date, the Buyer shall not claim for the return of the bidding deposit.

(2) Nil Transaction: If the bidder is not able to purchase any lot and has no outstanding debts to the Company, the Company will return the bidding deposit to the bidder. For individuals with a bidding deposit transferred by wire, the bidding deposit will be returned within 14 business days through means of a wire transfer. Cash bidding deposit will be returned to individuals on the same day after the auction.

9.

Successful bidder must settle the payment (hammer price, buyer's premium, and other expenses) prior to receiving the lot(s) on site.

If the price exceeds the amount of the bidding deposit, the successful bidder may settle the outstanding balance through the following means: (1) A cash payment must not exceed NT$ 500,000.

(2) A credit or China UnionPay payment: The credit payment must not exceed NT$ 1,000,000. The holder of the credit card or China UnionPay must be the successful bidder, credit payments from any title except for the successful bidder will not be permitted nor accepted.

10. Ravenel Ltd. retains full discretion to accept or decline a payment in the event of any unforeseen disputes or discrepancies.

166

委託競投表格 委託競投表格須於拍賣24小時前送抵藝術部。競投表格可傳真至:

拍 賣 名 稱：羅芙奧台北 2026 春季拍賣會 現代與當代藝術

藝術部 電話：+886-2-2708 9868 ｜傳真：+886-2-2701 3306

拍 賣 編 號：TA2601

投標者資料 客戶編號

拍 賣 日 期：2026 年 5 月 24 日 ( 星期日 ) 下午 1:30

姓名

拍 賣 地 點：台北萬豪酒店三樓（博覽廳） 台北市中山區樂群二路 199 號

護照號碼/身分證字號/統一編號 電話號碼（住宅）

（手機）

拍賣期間之聯絡電話 (僅限電話競投) 電郵

傳真號碼

地址 拍賣品編號

名

稱

競投價 (新台幣) / (服務費不計在內)

※投標規則： 1. 茲請求羅芙奧就下列拍賣品於下列競投價範圍內投標。 2. 本人知悉書面及電話競標乃羅芙奧為基於投標者之便利而提供代為投標之服務而不成立任何委託投標之契約，羅芙奧不因執行投標而負任何 責任。倘羅芙奧就同一項拍賣品收到相同競價之委託，以最先收到者優先辦理。 3. 本人同意如投標成功，本人應付之購買價款為最後落槌價加上服務費，服務費依業務規則第二條第4項之規定計算。(4a.買家支付每件拍品之 服務費率：（1）買家除支付落槌價外，另須支付服務費予本公司，落槌價於新台幣參仟貳佰萬元以下者含參仟貳佰萬元以20％計算；（2） 落槌價於新台幣參仟貳佰萬元以上者分為二級，其中新台幣參仟貳佰萬元以20％計算，超過新台幣參仟貳佰萬元之部份以12％計算。) 4. 本競投，本人同意並遵守本目錄所載所有業務規則。(包含但不限於羅芙奧不負瑕疵擔保責任及保證責任等規定) 5. 如投標者未曾於羅芙奧競投拍賣品，請附上投標者資料之副本及銀行證明資料。 6. 本人同意買家須知、投標者登記表格、委任競投表格及業務規則等附屬文件均視為本契約之一部分。 7. 羅芙奧基於上述原因而需蒐集、處理或非營利目的之利用投標者個人資料， 該資料將在前開蒐集目的之存續期間及依法令規定要求之期間內被處理或利用。

簽署 ：

日期：

羅芙奧在取得投標者之個人 / 公司資料及簽名後方才接受競標 簽名即代表確認以上登記 / 競投，詳閱並同意接受羅芙奧載於圖錄及網站內之業務規則

Ravenel Ltd. 18F, No. 76, Sec. 2, Dunhua S. Rd., Taipei 106485, Taiwan Tel: +886 2 2708 9868 | Fax: +886-2-2701 3306 ravenel.com | ravenelart.com.cn

ABSENTEE BID FORM The absentee bid forms must be delivered to the Art Department at least 24 hours before the auction begins. The bid forms may be faxed to: Art Department Tel: +886 2 2708 9868 ｜Fax: +886 2 2701 3306

Bidder's Details Customer Number

Name

Passport number/ID number/Unified Business number Tel (Home)

Auction Date Sale No. Location Address

SPRING AUCTION 2026 TAIPEI Modern & Contemporary Art Sunday, May 24, 2026, 1:30pm TA2601 Marriott Taipei 3F (Grand Space) No. 199 Lequn 2nd Road, Zhong Shan District, Taipei

(Mobile)

Tel (For Phone Bid) Email

Fax

Address Auction Lot Number

Title

Bid Price (NT$) (Not including Buyer's premium)

※Bidding rules： 1. It is requested hereby that Ravenel tenders the bid on my behalf for the following auction items within the bidding range described hereunder.

2. I understand and agree that Ravenel provides such bid services for the convenience of customers and no contract or agreement shall be constituted. Ravenel shall not be held liable for any failure to execute a bid. If Ravenel receives more than one commission of the same bid price with regard to a particular auction item, priority will be given to the person whose bid is first received.

3. I understand and agree that if my bid is successful, I shall pay the final hammer price together with the buyer's premium. For detail please refer to Article 2,section 4 of the Transaction Agreement to the buyer. (4a. The service fee of each lot payable by the Buyer: (1) The Buyer should pay the hammer price and, in addition, the buyer's premium to the Company. For hammer price below NT$ 32,000,000 (inclusive), the buyer's premium should be calculated at 20% of the hammer price; (2) For hammer price higher than NT$ 32,000,000, the first NT$ 32,000,000 should be calculated at 20% and the rest of the amount should be 12%.)

4. The bid shall be subject to the Transaction Agreement prescribed in the catalogue.(including but not limited to Ravenel's non-defect warranty and non-guaranteed liability).

5. If the bidder has not bid for the auction item at Ravenel, please attach a copy of the bidder's information. (Individual: ID card or passport with photo issued by the government) 6. I agree that the Notice To Bidders, Bidder Registration, Absentee Bid Form and Transaction Agreement and other attached documents are regarded as part of this agreement.

7. Ravenel will collect, process and use the personal data provided by the client for auction-related matters and other non-profit purposes.

Signature：

Date：

We accepts the bid only after obtaining the personal/company information and signature to execute this bid.

By signing this form, you confirm your registration/bid(s) as above and you agree that you have read and understood our Transaction Agreement as stated in our catalogues and on our website.

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Ravenel Ltd. 18F, No. 76, Sec. 2, Dunhua S. Rd., Taipei 106485, Taiwan Tel: +886 2 2708 9868 | Fax: +886-2-2701 3306 ravenel.com | ravenelart.com.cn

業務規則 下述規則，為羅芙奧股份有限公司(下稱「本公司」)與賣家訂立合約，亦 作為賣家之代理人與買家訂立合約之條款。準買家、買家及賣家務須細讀 各項規則並完全同意遵守本業務規則。準買家、買家請特別留意第二條第5 項，其對本公司之法律責任作了限定。 一、本業務規則所用詞彙之定義 在下列規定中，某些常用詞彙需加以解釋。此等詞彙定義如下： 1. 「買家」：指本公司所接受之出價最高之自然人或法人。 2. 「準買家」：指任何有意參加本公司舉辦拍賣之任何自然人或法人。 3. 「賣家」：指將拍賣品獨家委託本公司於本公司舉辦之拍賣會參與拍賣 之自然人或法人。 4. 「拍賣品」：指交予本公司以供拍賣出售之物品，尤其在任何目錄內以 任何編號描述之一項或多項物品。 5. 「落槌價」：指本公司就某一拍賣品而接受之最高出價之價款。 6. 「買家服務費」：指買家按落槌價之某一百分比而支付本公司之費用； 收費率如第二條第4a項所列。 7. 「底價」：指本公司與賣家協定之最低價格，拍賣品不能以低於該價之 價格售出。 8. 「膺品」：指拍賣品構成模仿，而模仿之原構想及其整體執行均具有欺 詐意圖，以就拍賣品之作者、來歷、年代、時期、文化或來源進行欺 騙，而對此等事項之正確描述並未在目錄之描述上反映出來，而拍賣品 在拍賣當日之價值，遠低於按照目錄之描述所應有之價值。按此定義， 任何拍賣品均不會因為有任何損壞及 或任何形式之修整（包括重新上 漆）而成為膺品。 9. 「保險值」：指本公司不時按其絕對決定權認為拍賣品所應購買之保險 之價值（不論保險是否由本公司安排購買）。 10. 「賣家服務費」：指賣家應支付本公司之費用。 二、買家 1. 本公司作為賣家代理人 本公司作為賣家代理人之身分行事。除另行協定外，在本公司之拍賣中 成功拍賣之物品，即產生賣家通過本公司之代理與買家達成之合約。 2. 拍賣前 a. 鑑定物品 本公司鄭重建議，準買家應於拍賣進行之前親自鑑定其有興趣競投之 物品。本公司就任何拍賣品及相關證明文件之真偽，均不對買家作任 何保證。 b. 拍賣品狀況之重要注意事項 請準買家注意，在可能的範圍內，目錄中對於拍賣品特性上之描述， 皆已提及顯著的損壞，惟不包括所有的缺陷、瑕疪與不完整。對任何 拍賣品之描述亦不應視作表示其無經過重整或修理，亦不應視作對拍 賣品狀態或保存情況的陳述或保證。在目錄中若有狀態陳述的缺乏或 損害鑑定的缺乏，並不代表拍賣品是為良好狀態。本公司鄭重建議， 準買家在拍賣進行之前，對於有興趣競投之拍賣品狀況應經由親自檢 閱，不應依據目錄中的描述或陳述，因為任何在目錄中所列出的描述 或陳述是為純粹本公司的主觀意見，並非提供聲明或擔保。準買家知 悉並瞭解所有拍賣品均以「現狀」售出，本公司對於任何拍出之拍賣 品狀態不作任何承諾或保證。 c. 符號表示 以下為本目錄所載符號之說明 ｏ保證項目 拍賣品編號旁註有ｏ符號者，表示賣家已取得本公司保證，可在一次 或一連串拍賣中得到最低出售價格。此保證可由本公司、第三方或由 本公司與第三方共同提供。保證可為由第三方提供之不可撤銷競投之 形式做出。若保證拍賣品成功售出，提供或參與提供保證之第三方可 能會取得財務利益；惟銷售不成功時，則可能會產生虧損。若提供或 參與保證之第三方成功競投保證拍賣品時，他們仍需支付全額的買家 服務費。 d. 目錄說明 本公司於目錄或鑑定意見書內對任何拍賣品及其證書之作者、來歷、 日期、年代、尺寸、材質、歸屬、真實性、出處、保存狀況或估計 售價之陳述，或另行對此等方面之口頭或書面陳述，均僅屬意見之陳 述，不應依據為確實事實之陳述。目錄圖示亦僅作為指引而已，不應 作為任何拍賣項目之依據，藉以決定其顏色或色調，或揭示其缺陷。

拍賣價格之估計，不應依據為拍賣品會成功拍賣之價格或拍賣品作其 他用途之價值陳述。 許多拍賣品基於其年代或性質，使其未能有完美之狀況，目錄內有 些說明或鑑定意見書會提述拍賣品之損壞及 或修整資料。此等資 料僅作為指引而已，如未有提述此等資料，亦不表示拍賣品並無缺 陷或修整，如已提述特定缺陷，亦不表示並無其他缺陷。 e. 買家之責任 有關拍賣品之狀況以及目錄說明所提述之事項，買家有責任自行查 明並瞭解，並就拍賣品為自己獨立之判斷及評估，並確使自己感到 滿意。 3. 拍賣時 a. 估價 目錄內及拍賣當日所提供之美金等貨幣估價，僅為參考依據。本拍 賣會須以新台幣結算，買家如須以新台幣之外其他貨幣繳付，須依 拍賣日現場公佈之匯率，折合所繳付之等值貨幣計算。 b. 拒絕入場 拍賣於本公司之場地進行，或於本公司為拍賣而具有控制權之場地 進行，本公司具有完全之決定權，可行使權利拒絕任何人進入拍賣 場地或參與拍賣。 c. 競投之前作出登記 每一準買家在作出競投之前，必須填妥及簽署登記表格，並提供身 分證明。準買家應注意，本公司通常會要求對買家作出信用核查。 d. 競投保證金 競投者，應在領取競投號牌前繳納競投保證金，競投保證金的金額 由本公司在拍賣日前公佈。 (1) 若競投者未支付競投保證金，本公司有權不接受其競投。若競 投者未能購得拍賣品且對本公司無任何欠款則將無息退還保證 金。 (2) 若競投者成為買家，則本公司有權將此保證金自動轉化為已成 交拍賣品購買款項之一部（包含落槌價、服務費或運費等相關 費用），若尚有餘款須退回給買家；若買家無正當理由未於 成功拍賣日期後七天內支付全部應支付之成交拍賣品購買款項 （包含落槌價、服務費或運費等相關費用）予本公司，買家不 得請求返還競投保證金。 e. 競投者為買家 競投者將被視為買家而須承擔個人法律責任，除非登記時已經與本 公司書面協定，競投者僅為第三人之代理人，且該第三人復為本公 司所接受者。 f. 委託競投 如準買家使用印於目錄說明之後之表格指示本公司代其競投，本公 司將盡適當努力代其競投，但代為競投指示須於拍賣前送抵本公 司。如本公司就某一拍賣品而收到多個委託競投之相等競投價，而 在拍賣時此等競投價乃該拍賣品之最高競投價，則該拍賣品會歸其 委託競投最先送抵本公司之人。委託競投之承擔受拍賣時之其他承 諾所限，而拍賣進行之情況可能使本公司無法代為競投。由於此項 承擔乃本公司為準買家按所述條款提供之免費服務，如未能按委託 作出競投，本公司將不負任何法律責任。準買家如希望確保競投成 功，應親自出席競投。 g. 電話競投 如準買家於拍賣前與本公司作好安排，本公司將盡適當努力聯絡競 投者，使其能以電話參與競投，但在任何情況下，如未能聯絡或無 法參加電話競投，本公司對賣家或任何準買家均不負任何責任。 h. 透過網路進行競投 若準買家未能出席拍賣會，可透過 Invaluable 或本公司官網「即時競 標」（網址：https://bid.ravenel.com/）競投屬意拍賣品，而承擔買家 獨立責任。進行網上競投之詳情，請參閱本公司網頁 Ravenel.com， 惟準買家及買家透過 Invaluable 網上競投之方式成功拍得屬意拍賣 品，除須支付依本業務規則二、買家、4(a)規定所計算之服務費外， 並應另行支付落槌價3%之服務費，且應同意本公司得隨時修改該業 務規則。 i. 匯率轉換顯示板 拍賣會中，本公司會使用匯率轉換顯示板。匯率轉換顯示板僅供參 考，不論是顯示板所示之拍賣品編號或是新台幣競投價之相等外 匯，其準確程度均可能會出現非本公司所能控制之誤差。買家因依 賴匯率轉換顯示板（而非因以新台幣競投）所導致而蒙受之任何損 失，本公司概不負責。

j. 錄映影像 在有些拍賣中會有影像投射，但其操作或會出現錯誤。不論影像是 否與成功拍賣之拍賣品相配合，或是翻版影像之質素，本公司對買 家均不負任何責任。 k. 拍賣官之決定權 拍賣官具有絕對決定權，有權拒絕任何競投、以其決定之方式推動 出價、將任何拍賣品撤回或分批、將任何兩件或多件拍賣品合併， 以及如遇有誤差或爭議，將拍賣品重新拍賣。拍賣官會於拍賣開始 前或於相關拍賣品競標前對注意事項作出通告，準買家須負責自行 注意所有於拍賣會場發表之通告。建議使用即時網上競投服務參與 競投的準買家，於拍賣開始前登入，以確保準買家得知拍賣開始前 所作出之通告。 l. 成功競投在拍賣官之決定權下，下槌即顯示對最高競投價之接受， 亦即為賣家與買家合意依落槌價拍定拍賣品，視為成功拍賣合約之 訂立。 4. 成功拍賣後 a. 買家支付每件拍賣品之服務費費率 (1) 買家除支付落槌價外，另須支付服務費予本公司，落槌價於新台 幣參仟貳佰萬元以下者含參仟貳佰萬元以落槌價之20％計算。 (2) 落槌價於新台幣參仟貳佰萬元以上者，採分為二階段計費，其中 新台幣參仟貳佰萬元以落槌價之20％計算，超過新台幣參仟貳 佰萬元之部份再以落槌價之12％，加總計算服務費金額。 b. 稅項 買家應付予本公司之款項，如須另行支付貨物、服務稅或其他稅則 時（不論由台灣政府或別處所徵收）。買家須負責按有關法律所規 定之稅率及時間，自行繳付稅款。 c. 付款 成功拍賣後，買家須向本公司提供其真實姓名及永久地址。如經本 公司要求，買家亦須提供付款銀行之詳情，包含但不限於付款帳 號。買家應於拍賣日期後七天內悉數支付應支付予本公司之款項 （包含落槌價、服務費或運費等相關費用）。即使買家希望將拍賣 品出口並需要（或可能需要）出口許可證，此一付款條件亦適用。 買家如未向本公司支付所欠之全部款項，則不能取得拍賣品之所有 權，即使本公司已將拍賣品交付予買家亦然。如支付予本公司之 款項為新台幣以外之貨幣，須依拍賣日現場公佈之匯率（台灣銀 行），並以本公司就此兌換率而發出之憑證為準。 d. 領取已購拍賣品 除非本公司另有特別相反協定，否則本公司將暫時保留已成功拍賣 之拍賣項目，直至欠本公司之款項已悉數支付為止。已購拍賣品在 暫時保留期間，由成功拍賣日後起算七天將受保於本公司之保險， 如屆時拍賣品已被領取，則受保至領取時為止。七天期滿後或自領 取時起（以較早者為準），已購拍賣品之風險全由買家承擔。 e. 介紹裝運及運輸公司 本公司之貨運部門在買家要求下，可為買家介紹運輸公司、安排付 運及購買特定保險，但本公司在此方面不負任何法律責任。買家必 須預先繳付運輸費用。 f. 不付款或未有領取已購拍賣品之補救辦法 如買家並未在成功拍賣日後起算七天內付款，本公司即有權行使下 述一項或多項權利或補救辦法： (1) 在成功拍賣日後起算超過七天仍未付款，則按不超過台灣銀行基 本放款利率加收10%之年利率收取整筆欠款之利息。此外本公司 可同時按日收取依成交價（含落槌價、服務費）1％計算之懲罰 性違約金。本公司亦得自行選擇將買家未付之款項，用以抵銷 本公司或其他關係企業在任何其他交易中欠下買家之款項，買 家絕無異議。 (2) 對任何屬於買家所有而因任何目的(包含但不限於其他交易)而由 本公司管有之已購拍賣品行使留置權，並在給予買家有關其未 付之欠繳之十四天通知後，安排將該物品出售並將收益用以清 償該未付之欠款。 (3) 如買家因多項不同之交易而欠下本公司數筆款項，將所付之款項 用以清償已購拍賣品就任何特定交易而欠下之任何款項，而不 論買家是否指示用以清償該筆款項。 (4) 在將來的任何拍賣中，拒絕買家作出或由他人代其作出之競投， 或在接受其任何競投之前先收取買家一筆競投保證金。如買家 未有在三十五天內付款，本公司除上述辦法外，另有權為下述 一項或多項權利或補救辦法： 170

(a) 代賣家針對買家進行法律程序，以追討整筆欠款，連同此項以悉 數賠償為基準之法律程序訴訟費。 (b) 取消同一次或任何其他拍賣中買家競投得之拍賣品或任何其他售 予買家之拍賣品交易。 (c) 安排將拍賣品公開或私下重售，如重售所得價格較低，就差額連 同因買家未有付款而引致之任何費用一併向買家索償。 g. 未有領取已購拍賣品 如已購得之拍賣品未有在成功拍賣日後起算七天內領取，則不論是 否已付款，本公司將安排貯存事宜，費用由買家承擔。而買家在付 清所引起之貯存、搬運、運輸、保險及任何其他費用，連同欠本公 司之所有其他款項後，方可領取已購拍賣品項目。 h. 出口許可證 除本公司另有書面同意外，買家希望申請出口許可證，並不影響買 家在成功拍賣日後起算七天內付款之責任，亦不影響本公司對延遲 付款收取利息之權利。 如買家要求本公司代為申請出口許可證，本公司有權向其收取與此 項申請有關之款項及零碎開支連同任何有關之稅則。 如買家不需要出口許可證而作出付款，本公司並無責任退還買家因 此而引致之任何利息或其他開支。 5. 本公司之法律責任 本公司僅在第二條第6項所列之情況下，得退還款項予買家。除此之 外，不論賣家或本公司，或本公司任何僱員或代理人，對任何拍賣品之 作者、來歷、日期、年代、歸屬、真實性或出處之陳述，或任何其他說 明之誤差，任何拍賣品之任何瑕疵或缺陷，均不負有任何責任。賣家、 本公司、本公司之僱員或代理人，不論是明示或暗示均無就任何拍賣品 作出任何保證。任何種類之任何擔保，均不包含在本條之內。 6. 膺品/贓物之退款 本公司之拍賣品，經本公司書面認可之專業鑑定機構出具鑑定報告證實 為膺品、贓物或涉及不法情事者，則交易將取消，已付之款項於交付賣 家前將退還予買家。但如： a. 在拍賣日發出之目錄說明或拍賣場通告符合當時學者或專家普遍接納 之意見，或清楚表明有牴觸當時學者或專家普遍接納之意見。 b. 或證明拍賣品為膺品或贓物之方法，只是一種在目錄出版前仍未普遍 獲接納使用之科學程序，或是一種在拍賣日仍屬昂貴得不合理或並 不實際或很可能會對拍賣品造成損壞之程序，則本公司無論如何並 無責任退還任何款項。此外，買家只在滿足下述條件下方可獲得退 款： (1) 買家必須在拍賣日起十日內以書面通知本公司，說明買家認為有 關拍賣品乃膺品或贓物之詳細理由及證據。 (2) 且買家需於書面通知後十四天內將拍賣品送還本公司，而其狀況 應維持與拍賣當日相同，不得有任何損壞。 (3) 送還拍賣品後，買家須盡快出示證據，足以使本公司確信拍賣品 乃膺品或贓物(本公司保有最終及不可異議之決定權)，買家並可 將拍賣品之完整所有權及相關權利轉讓予本公司，而與任何第 三人之索償無涉。在任何情況下，本公司均毋須向買家支付多 於買家就有關拍賣品而支付之款項，而買家亦不能索取利息。 本擔保之利益不能轉讓，完全屬於拍賣品成功拍賣時獲本公司發給正本 發票之買家所有(該買家名稱被記載於發票上)，該名買家並須自拍賣後 一直保持拍賣品擁有人之身分，而且並無將拍賣品之任何利益讓予任何 第三人。本公司有權依據任何科學程序或其他程序確定拍賣品並非膺品 或贓物，不論該程序在拍賣當日是否已使用或已在使用，如本公司驗證 拍賣品是否屬於贗品或贓物結果與買家出示證據相衝突者，應以本公司 驗證結果為準。

賣方業務規則請參閱羅芙奧網站 http://ravenel.com http://ravenelart.com.cn

TRANSACTION AGREEMENT The following provisions are entered into by and between Ravenel Ltd., as the auctioneer, (hereinafter referred to as the “Company”),and the Seller (hereinafter referred to as the "Seller"). This Agreement is also entered into by and between the Company as the agent of the Seller and the Buyer (hereinafter the "Buyer"). The Prospective Buyer, the Buyer and the Seller must carefully review and completely agree all provisions hereunder and any revisions from time to time. The Prospective Buyer, the Buyer should pay special attention to Article 2, Section 5 which provides limitations as to the legal responsibilities of the Company.

ARTICLE 1.DEFINITION Some of the phrases commonly seen herein are defined as follows: 1. "The Buyer" shall mean highest bidder accepted by the Company.

2. "The Prospective Buyer" shall mean any potential bidder willing to attend the auction sale hosted by the Company.

3. "The Seller" shall mean the Seller who provides the Lot and agrees to appoint the Company as its exclusive agent to sell the Lot at the Auction and participate, and cooperate, in exhibitions prior to the Auction if so required by the Company.

4. "The Lot" shall mean the item delivered to the Company to be sold in an auction, especially the single or multiple pieces of items numbered in the catalogue.

5. "Hammer price" shall mean the highest bid with respect to one particular Lot accepted by the auctioning party.

6. The " Buyer's Premium" shall mean the fee based on a certain percentage of the Hammer price paid to the Company by the Buyer; the percentage shall be as prescribed in Article 2, Section 4a.

7. "The Reserve Price" shall mean the lowest price agreed by the Company and Seller. The Lot cannot be sold at a price lower than such price.

8. "Counterfeit" shall mean the Lot constitutes imitation and the original concept of the imitation and its overall execution result in fraud to cause deception in connection with the author, history, year, age, culture or origin of the Lot, for which the accurate description is not reflected in the catalogue and the value of the Lot on the auction day is far less than the value it should have according to the description in the catalogue. Therefore, no auction item will become a counterfeit as a result of any damage and/or any repairing in any manner (including repaints).

9. "Insured amount" shall mean the value of the insurance purchased for the Lot which the Company considers necessary under its absolute power from time to time (regardless whether such insurance is purchased by the Company).

10. The "Seller Service Fee” shall mean the fee is paid to the Company by the Seller.

ARTICLE 2.THE BUYER 1. The Company as the Agent of the Seller The Company, shall act as the agent of the Seller. Except otherwise provided, items successfully sold in the auction held by the Company shall be bound by the agreement made by and between the Seller, through the agency of the Company, and the Buyer.

2. Prior to the Auction a. Authentication We strongly recommend that the Prospective Buyers conduct their own authentication for the items they are interested in bidding prior to the auction. The Company provides no guarantee to the Buyer including but without limitations whether the Lot is a counterfeit or the authentication of the Lot and related certificates. b. Important Notice Attention, the Prospective Buyers: As far as possible, the descriptions of auction items will mention obvious defects of the items; however, they do not necessarily include all flaws, defects, or incomplete aspects. The description of the auction items also do not imply and guarantee that the items have not gone through readjustment or repair or allude anything about the current state or storage conditions of the items. Any omission in the catalogue description regarding the current condition or the appraisal of defects in the items by no means represent that those items are in good condition, function normally. We strongly recommend the Prospective Buyers shall personally view the items for which they plan to bid before the auction. Any description in the catalogue or any statement provided by the Company is purely the Company's subjective opinion and not a statement of fact, not for representations or warranties. The Prospective Buyer completely understands and acknowledges that all of the items on auction are being sold in "as is" condition. The Company does not provide any representation or guarantee as to the condition of any of the items. c. Symbol Key The following key explains the symbol you may see inside this catalogue. ○ Guaranteed Property The Seller of the Lots with this symbol next to the Lot number has been guaranteed a minimum price from one auction or a series of auctions.

This guarantee may be provided by the Company, by a third party or jointly by the Company and a third party. A guarantee may be in the form of an irrevocable bid provided by a third party. Third parties providing or participating in a guarantee may benefit financially if a guaranteed Lot is sold successfully and may incur a loss if the sale is not successful. If third parties providing or participating in a guarantee is the successful bidder for the guaranteed Lot, they should be required to pay the full Buyer's Premium. d. Catalogue Explanations Any statement of the author, history, date, year, size, material, ownership, authenticity, origin, condition of preservation or estimated selling price of any of the Lot and certificates thereof shown in the catalogue or the authentication opinion made by the Company, or any other verbal or written statements made separately shall be solely statements of opinions and shall not be deemed the basis for the statements of actual fact. The photographs shown in the catalogue shall serve as reference only and shall not

3.

be deemed as the basis for determining the color or tone of any Lots or disclosure of the defects of such item. The estimates of the auction price shall not be deemed the price at which such item will be successfully sold or the statement of the value of the item for other purposes.

Many Lots fail to maintain their perfect condition because of time and other environmental factors. Some of the explanations in the catalogue or the authentication opinions will state defects and/or the repair background of the Lots. Such information is meant for reference only. Missing information in the statements does not mean the Lot has no defects or has not been repaired. Any statement of one particular defect does not mean there is no any other defect. e. Responsibility of the Buyer The Buyer is responsible for clarifying and satisfying himself about the condition of the items and any related matters stated in the catalogue descriptions and making his/her/its own judgment or estimation independently regarding the Lots.ing his/her own judgment or estimation independently regarding the Lots.

In the Auction a. Estimates The prices in US dollars or other currencies reproduced in the auction and this catalogue are for reference only. The Buyer is requested to pay

by New Taiwan dollars or other foreign currencies in its equivalency based on the exchange rate announced by the Company on the day of auction. b. Refusal of Admission The auction is held at the premises of the Company or any location where the Company has control of for the auction. The Company has full discretion to exercise the right to refuse entry to the premises for the auction or to prevent participation in the auction. c. Registration Prior to the Bidding Prospective Buyers must fill in and sign the registration forms prior to the bidding and provide personal identification. Prospective Buyers should also note that the Company may request to conduct credit checks against Buyers. d. The Bidding Deposit The bidder shall pay the bidding deposit before receiving the bidding number. The Company will announce the amount of the bidding deposit before the auction day.

(1) If the bidder fails to pay the bidding deposit in advance, the Company has the right to refuse the bid. If the bidder is not able to purchase any Lot and has no outstanding debts to the Company, the Company will return the bidding deposit to the bidder.

(2) If the bidder becomes the Buyer, the Company has the right to transfer the bidding deposit into the payment (including but without limitation, Hammer price, Buyer's Premium, Costs and expenses for shipping and related costs ) of the Lot for which transaction is concluded. And the Company will return the balance of the deposit to the Buyer (if any). If the Buyer ,without any good cause, fails to pay any and all payment (including but without limitation, Hammer price, Buyer's Premium, Costs and expenses for shipping and related costs) of the Lot to the Company within 7 days after the auction date ,the Buyer shall not claim for the return of the bidding deposit. e. The Bidder is the Buyer Unless a written agreement has been made upon registration that the bidder will be the agent who acts on behalf of a third person and such third person is accepted by the Company, the bidder will be deemed as the Buyer who will bear individual legal responsibilities. f. Commission Bids The Company will make the proper effort to bid for the Prospective Buyers who instruct us to bid on their behalf by using the provided forms attached to the explanations of the catalogue; however, bid commission instructions must be delivered to the Company prior to the auction. If the Company receives several commission bids for one particular item, with all bid prices being equal and of the highest bid price at the auction, priority shall be given to the Buyer whose bid commission is delivered to the Company first. Commission bids are subject to auction conditions.

The situation at the auction may prevent the Company from making the bid as commissioned. This is a free service provided by the Company to the Prospective Buyers pursuant to the provisions prescribed. The Company will not be held legally liable if it fails to make the bid as commissioned. The Prospective Buyers should attend the auction in person if they wish to ensure a successful bid. g. Bid by Phone The Company will make proper effort to contact the bidder so he/she can participate in the auction by phone if the Prospective Buyer make arrangements with the Company prior to the auction. However, the Company will bear no responsibilities to the Seller or any prospective Buyer if no contact is made or any failure to participate in the auction by phone under any circumstances. h. Online Bidding If the Prospective Buyer cannot attend the auction, it may be possible to bid online via Invaluable or our company's official website, "BID NOW" (https://bid.ravenel.com/), for their preferred Lots bearing individual buyer's responsibilities. For information about registering for online bidding, please refer to Ravenel.com., When successfully winning an item through online bidding via Invaluable, the Prospective Buyer and the Buyer shall pay a service fee of 3% of the hammer price in addition to the Buyer's Premium calculated according to Article 2, Section 4a.

The Prospective Buyer and the Buyer agree that this Agreement can be viewed at the website and be revised by the Company from time to time. i. Exchange Rate Conversion Board There will be an exchange rate conversion board operating in auctions.

Nonetheless, the auction will still be conducted in NT dollars. The exchange rate conversion board is not absolutely reliable and for the reference only. The accuracy of either the Lot numbering shown on the board or the equivalent of the bid price in any foreign currency is not within the control of the Company. The Company will not be responsible for any losses caused by the reliance of the Buyer on the exchange rate conversion board.

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j. Recorded Images There is image projection in some auctions; however, errors may occur during the operation. The Company is not liable for the color accuracy of the reproduced image and whether the projected image corresponds to the item being auctioned. k. Determining Power of the Auctioneer The auctioneer has the absolute power to reject any bid, push for bids at his/her discretion, withdraw any auction items, separate or combine two or more auction items, and if there is any error or dispute, re-auction the items. If the auctioneer announces the points for attention before the auction or the bidding, the Prospective Buyers shall pay attention for any announcement as its own responsibility. We recommend the Prospective Buyers using Online Bids Services to log in the system prior to the commencement of the auction, to ensure the timely awareness of any notices or announcements made prior to the auction. l. Successful Bids Under the discretion of the auctioneer, the fall of the hammer indicates the acceptance of the highest bid price, i.e., the Seller and the Buyer enter into a successful auction agreement on Hammer Price.

Following the Auction a. The Buyer's Premium of Each Lot (1) The Buyer should pay the hammer price and, in addition, the Buyer's Premium to the Company. For hammer price below NT$ 32,000,000 (inclusive), the Buyer's Premium should be calculated at 20% of the hammer price.

(2) For hammer price higher than NT$ 32,000,000, total amount of the Buyer's Premium should be that the first NT$ 32,000,000 of the hammer price should be calculated at 20% and the rest of the amount of the hammer price should be calculated at 12% of the hammer price. b. Taxes All the payments payable by the Buyer to the Company do not include any commodity or service taxes or any other value added taxes (whether imposed by the Taiwanese government or elsewhere). The Buyer should be responsible for paying any applicable taxes as required by the law. c. Payment The Buyer should provide his/her/its true name and permanent address to the Company upon the successful bid. Relevant bank information, including but without limitations the payment account, should also be provided upon the company request. All payments due (including the hammer price, the Buyer's Premium and any freights or other expenses) should be paid within 7 days following the auction date. The aforesaid provision also applies if the Buyer intends to export the Lot and (may) need the export permit.

If the Buyer fails to pay to the Company all the payments due, the Buyer will not acquire the ownership of the Lot even if the Company has delivered such item to the Buyer. If the payment to the Company are made in any currency other than NT dollars, the exchange rate of the payments to the Company should be the exchange rate reported by the Bank of Taiwan to the Company on the auction date and should be based on the certificates issued by the Company according to such exchange rate. d. Collection of the Lot Sold Unless otherwise agreed by the Company, the Company will hold temporarily the successfully sold Lots until all payments to the Company are made in full. The Lot will be covered by the insurance of the Company from the auction date for 7 days during the temporary holding period.

The insurance coverage will terminate upon earlier collection of such item. The Buyer should be responsible for all risks following expiration of the said 7-day period or the collection (whichever is the earlier). e. Referral of Packaging or Transportation Companies The shipping department of the Company may introduce the forwarder, assist in the arrangement of delivery, or purchase particular insurance upon the Buyer's request. The Company will not be held liable for any legal responsibilities in this regard. And the Buyer shall prepay the freight charges. Costs and expenses for shipping and insurance shall be paid in advance. f. Remedies for Non-Payment or Non-Collection of Items Sold The Company is entitled to exercise one or more of the following rights or remedies if the Buyer fails to make payment within 7 days following the auction date: (1) An interest at the annual rate of no higher than 10% plus the base interest rate of Bank of Taiwan will be imposed on all of the payment due if payment is not made within 7 days following the auction date. Besides, we have the right of charging also 1% selling price (including of hammer price and Buyer's Premium) multiplied by the number of delayed days as puntive damage for the default. The payment to be made by the Buyer may offset any payment owed by the Company or its subsidiaries to the Buyer for any other transactions upon the Company's sole decision.

(2) To exercise lien of any items owned by the Buyer and held by the Company for any purpose including but without limitations other transactions.

The Company may arrange to sell such items after serving a 14-day notice to the Buyer about his/hers/its non-payment. The proceeds shall make up for the payment due.

(3) If the Buyer owes the Company several payments as a result of different transactions, the payments will set-off any payments due in any particular transaction, regardless of whether the Buyer specifies to setoff such payments.

(4) Refuse the Buyer to make, or to make on behalf of others, bids in any future auctions and/or to require a bidding deposit from the Buyer before accepting any future bids from him/her/it. If the Buyer fails to make payment within 35 days, the Company is entitled to exercise one or more of the following rights in addition to the aforementioned: (a) To bring legal proceedings against the Buyer on behalf of the Seller to claim the entire payment due and the legal fees and attorney fees resulting from such proceeding based on a total claim. (b) Cancel the transaction of Lots bid by the Buyer or any other auction items sold to the Buyer at the same or any other auctions. (c) To arrange a public or private re-sale of the Lot. If the re-selling price is lower, the difference will be claimed against the Buyer together with any

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cost incurred as a result of the non-payment by the Buyer. g. No Collection of the Lot Sold The Company will arrange for the storage of the Lot if such item sold is not collected within 7 days following the successful auction, regardless of payment. Such storage cost will be borne by the Buyer. Only when the storage, handling, shipping, insurance cost and any other expenses together with any other payments due to the Company are paid in full can the sold Lot be collected. h. Export Permit Except where otherwise agreed in writing by the Company, the fact that the Buyer's wishes to apply for an export permit does not affect the Buyer's responsibility to make the payments in 7 days following the auction date; nor does it affect the Company's right to impose interest on delayed payments.

If the Buyer requests that the Company applies for the export permit on his/hers/its behalf, the Company is entitled to collect monies made in connection with such an application and any miscellaneous expenses together with any relevant value added taxes.

If the Buyer makes the payment regardless of the fact that an export permit is needed, the Company is not responsible for returning to the Buyer any interest or other expenses incurred therefrom.

The Legal Responsibility of the Company The Company is responsible for returning payment to the Buyer pursuant to Article 2, Section 6. Otherwise, whether the Buyer, the Company, any employees or agents of the Company will not be held liable for any statements of the author, history, date, year, ownership, authenticity or origin of any auction item or any errors with respect to any explanations and any flaws or defects of any auction item. The Seller, the Company, the employees or the agents of the Company make no guarantee impliedly or explicitly with respect to any auction items. Any warranty of any kind shall not be included herein.

Return of Payments for Counterfeits or stolen goods The transaction will be cancelled and payments made before remit to the Seller will be returned to the Buyer if the Lot of the Company is confirmed to be a counterfeit or stolen goods, or involved in obvious illegality by the professional appraisal party agreed and recognized by the Company in writing. However, if: a. The catalogue explanations or the notice at the auction distributed on the auction day corresponds to the opinions generally accepted by the academic or professional fields or explicitly indicates it conflicts with the opinions generally accepted by the academic or professional fields. b. Or the method used to prove that the Lot is a counterfeit or stolen goods is a scientific procedure not generally accepted for use before the publication of the catalogue or a procedure unreasonably expensive on the day of the auction, or impractical, or may cause damage to the Lot; the Company is not liable for the return of any payment under any circumstances. In addition, the Buyer's payment can only be refunded when the following terms are met: (1) The Buyer must notify the Company in writing within 10 days following the auction day that he/she considers the relevant auction item a counterfeit or stolen goods.

(2) The Buyer must return the Lot to the Company within the following 14 days and the condition of the item must be the same as on the auction day without any damage.

(3) Upon returning the Lot, the Buyer must present evidence as soon as possible to convince the Company that the Lot is a counterfeit or stolen goods (The Company has the final and sole discretion and decision and such decision shall not be objected in this regard). The Buyer may also assign the good ownership of the Lot to the Company, which shall not concern any third party claim. Under no circumstances is it necessary for the Company to pay the Buyer an amount more than what the Buyer pays in connection with the Lot and the Buyer cannot claim interests.

The interests of the warranty cannot be assigned and belong solely to the Buyer who receives the original invoice on which such Buyer's name is recorded from the Company when the Lot is sold. Such Buyers shall remain the owner of the auction Lot and cannot assign any interest of the Lot to any other person. The Company is entitled to ascertain that the Lot is not a counterfeit or stolen goods based on a scientific procedure or any other procedure, regardless of whether such procedure is being used on the day of the auction. If the result of appraising and verifying whether the Lot is a counterfeit or stolen goods by the Company conflicts with the evidence provided by the Buyer, the Company's said result shall prevail over the evidence provided by the Buyer.

Please refer to our website for seller's Transaction Agreement. http://ravenel.com http://ravenelart.com.cn