Business
Centuries-Old Chinese Calligraphy Album Sells for Over $1 Million
A rare Chinese calligraphy album, once part of an imperial collection, has sold for over $1 million at a Toronto auction, significantly exceeding its estimated value. The album, created by the esteemed calligrapher Zhao Mengfu during the Yuan dynasty, garnered much interest, reflecting a growing appreciation for Asian art within Canada.
The auction took place at the Heffel Fine Art Auction House, where bidding commenced at $15,000. As excitement built, the final sale price reached $1,081,250, including the buyer’s premium. The auction house had initially projected the album would sell for between $20,000 and $30,000, making the final bid a remarkable outcome.
Historical Significance of the Album
This 37-page album, embellished with silk brocade and wooden frames, is particularly notable for its four imperial seals. It was once part of the collection of the Qianlong Emperor, preserved within the renowned Forbidden City. According to April Yin, an Asian art specialist at Heffel, the sale marks a significant moment for the Canadian Asian art market, as it represents the highest-priced artwork ever sold through their online auction platform, which has been in operation for over 25 years.
The album’s provenance enhances its allure. It was later owned by Wang Yiling, a banker during the Republic of China era, who amassed a collection of important Chinese artworks. Following Wang’s passing, his descendants relocated to various countries, including Brazil, Taiwan, and North America, bringing his collection with them. Earlier this year, Yin and her team were invited to visit Wang’s family home, where they uncovered the album that had been stored in a basement for decades.
A Global Interest
While the identity of the buyer remains confidential, Yin noted that the auction attracted interest from collectors around the globe. She expressed her excitement at seeing such an important piece of art find a new home after being hidden away for so long.
The sale not only highlights the increasing international interest in Asian art but also underscores the significance of cultural heritage. As more collectors seek out unique pieces with rich histories, auctions like this one serve as a reminder of the value of preserving and celebrating artistic traditions.
This report by The Canadian Press was first published on November 1, 2025.
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