Asian Art - Indian Art News https://indianartnews.visionsarts.com News on Modern and Contemporary Indian Art presented by Visions Art Wed, 04 Oct 2017 14:26:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://i0.wp.com/indianartnews.visionsarts.com/wp-content/uploads/2017/10/cropped-Visions-Art.png?fit=32%2C32&ssl=1 Asian Art - Indian Art News https://indianartnews.visionsarts.com 32 32 136536861 Chinese bowl auctioned for record US$37.7m in Hong Kong; buyer of rare 11th century piece unknown https://indianartnews.visionsarts.com/chinese-bowl-auctioned-record-us37-7m-hong-kong-buyer-rare-11th-century-piece-unknown/ https://indianartnews.visionsarts.com/chinese-bowl-auctioned-record-us37-7m-hong-kong-buyer-rare-11th-century-piece-unknown/#respond Wed, 04 Oct 2017 14:23:47 +0000 http://www.indianartnews.info/?p=940 Bidding for brush washer from 11th century Ru imperial kiln began at HK$80 million, and 30 bids were made before it was sold; amid speculation over who the buyer …

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Bidding for brush washer from 11th century Ru imperial kiln began at HK$80 million, and 30 bids were made before it was sold; amid speculation over who the buyer is, inquiry to Chinese collector Liu Yiqian draws a polite non-answer

 

A 900-year-old brush washer from the Northern Song dynasty broke the auction record for Chinese ceramics after it was sold in Hong Kong for HK$294.3 million (US$37.7 million) including commission on Tuesday.

The rare piece, fired in the 11th century Ru imperial kiln in present-day Henan province, drew strong demand at auctioneer Sotheby’s sale room in the Hong Kong Convention and Exhibition Centre. Bidding began at HK$80 million and some 30 bids were made before the bowl was knocked down for HK$260 million excluding Sotheby’s commission. The winning bid was made by phone by an anonymous Asian buyer.
The final price was nearly triple the pre-sale estimate of HK$100 million.

There wasn’t a great deal of expectation ahead of the autumn auction season after fairly flat sales in spring. Market watchers predicted the Chinese authorities’ continuing crackdown on corruption and restrictions on capital outflows would have a negative effect on the autumn sales in Hong Kong just as they did on the spring auctions.

“The stock market has certainly been a factor. We are also seeing more young Chinese buyers becoming interested in building up their own antique collections, which means that more people are buying,” Wilson said.
The eight-day “golden week” holiday for national day in China drew many more mainland Chinese visitors to the auction previews than normal, he said, but the real buyers were still largely the familiar faces who come to Hong Kong every season.

 

There was plenty of speculation about who the buyer of the Ru brush washer is. Dealers said privately that very few ceramics collectors would have HK$294.3 million to spend, and the most likely candidate was Liu Yiqian, the Shanghai collector who set the previous record price for a Chinese ceramic piece when he bought a Ming dynasty “chicken cup” for HK$281 million in 2014. However, a query sent via WeChat to Liu’s wife, Wang Wei, elicited in response only a polite Mid-Autumn Festival greeting.
Collector Liu Yiqian with his wife, Wang Wei. An inquiry to Wang about Tuesday’s record auction purchase was met with a polite Mid-Autumn Festival greeting. Photo: Sam Tsang
The dish is one of just 87 known pieces to have survived from an imperial kiln that was only in operation for a short period of time between the late 11th century and early 12th century. Only four known Ru wares currently remain in private hands.

The seller is Robert Tsao, the Taiwan-born founder and former chairman of United Microelectronics Corporation.

This article appeared in the South China Morning Post print edition as: Brush washer breaks ceramics auction record

source : http://www.scmp.com/culture/arts-entertainment/article/2113821/chinese-bowl-auctioned-record-us377m-hong-kong-buyer-rare

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Auction house gears up for week of Asian art sales https://indianartnews.visionsarts.com/auction-house-gears-up-for-week-of-asian-art-sales/ https://indianartnews.visionsarts.com/auction-house-gears-up-for-week-of-asian-art-sales/#respond Mon, 05 Sep 2011 17:30:00 +0000 http://indianartnews.info/auction-house-gears-up-for-week-of-asian-art-sales/ By Reuters Sunday, 4 September 2011 5:02 PM Precious jade, modern masterpieces, museum-quality furniture and rare ceramics and porcelain are among thousands of art objects on offer during Christie’s …

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By Reuters Sunday, 4 September 2011 5:02 PM

Precious jade, modern masterpieces, museum-quality furniture and rare ceramics and porcelain are among thousands of art objects on offer during Christie’s Asia week sales in September.

The four days of auctions, which are estimated to take in in excess of $50m, begin September 13 with the South Asian modern and contemporary art and the Indian and Southeast Asian art sales.
The Indian sale is led by a Maqbool Fida Husain’s “Sprinkling Horses,” a large oil-on-canvas painting estimated to sell for about $1m.
The auctions conclude with a $19m sale of rare Chinese ceramics and works of art.
In between, there will be sales of Japanese and Korean art, jade carvings, and property from the collection of Xu Hanqing, a prominent Chinese banker and government official who became known as an accomplished calligrapher.
Asian art, which officials say is a key driver in the global market, has seen strong activity in the past half-year, and the market – and collectors’ – enthusiasm for Asian art has only grown.
Tina Zonars, Christie’s international director of Chinese ceramics and works of art, said the auction house held high expectations for the series of sales featuring art from China, Japan, Korea, India, the Himalayas and South East Asia.
Its most recent Asian art week in March realised its highest total ever in New York, which she called a testament to the “remarkable strength of this market.”
Christie’s president of Asia, Francois Curiel, recently affirmed that its long-term strategy was to continually reinforce its presence in Asia.
Other highlights of the sales include Emperor Qianlong’s Chunhua Ge Tie rubbing, two sets of boxes containing five albums each of rare ink-on-paper Chinese calligraphy, estimated to sell for about $1.2m at the Xu Hanqing sale, which is expected to total some $7m.
The two-day sale of Chinese ceramics and works of art is led by a Ming dynasty bronze figurine of Vairocana, expected to fetch $1m to $1.5m.
A large, rare white jade covered vase from the Quinlong/Jiaqing period is estimated at $750,000 to $1m, while Kim Whanki’s “Landscape in Blue,” the top lot of the Korean art sale, carries a $2m estimate.
Highlights from the sales will be on view at Christie’s Rockefeller Center headquarters in New York for one week starting September 9.
Sotheby’s Asian art sales are schedule for September 13-15.

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Asian Art Draws Some Collectors https://indianartnews.visionsarts.com/asian-art-draws-some-collectors/ https://indianartnews.visionsarts.com/asian-art-draws-some-collectors/#respond Fri, 18 Sep 2009 04:40:00 +0000 http://indianartnews.info/asian-art-draws-some-collectors/ But at Pared-Down New York Auctions, Buyers Seek the Rare and Discounted The week of Asian art auctions that ended Thursday afternoon in New York offered early signs that …

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But at Pared-Down New York Auctions, Buyers Seek the Rare and Discounted

The week of Asian art auctions that ended Thursday afternoon in New York offered early signs that some collectors, largely from China and India, are returning to the market in search of rare or discounted artworks.

An anonymous Indian collector paid Christie’s $1.2 million
for Tyeb Mehta’s ‘Mahishasura, above the $800,000 high estimate.

New York’s chief auction houses — Christie’s International PLC and Sotheby’s — brought in about $55.7 million combined from their Asia Week sales of Chinese vases, jade carvings and Indian miniature paintings. The sales total exceeded their top forecasts of $41.3 million but fell below last year’s $157.2 million total.

The global recession has battered the art market, and the auction houses have responded by scaling back their sales. Christie’s won this pared-down round by selling $36.5 million, besting Sotheby’s $19.2 million. Last week, smaller auctioneer Saffronart brought in $3.7 million from a fall sale of Indian modern and contemporary art, just over its $3.4 million forecast.

Before the recession, auction houses worked overtime to attract new global buyers by emphasizing new works by contemporary Chinese and Indian artists like Zeng Fanzhi and Subodh Gupta. But the Asian collectors shopping for art now are seeking safer bets, preferring traditional pieces from respected collections.

This week, Chinese buyers dominated the bidding, but they competed with collectors in Indonesia, Korea and the United Arab Emirates. Western collectors, credited with pushing up prices for contemporary Asian art five years ago, largely stayed home.

Sotheby’s and Christie’s both offered pieces owned by the late psychiatrist Arthur M. Sackler, who founded a namesake museum at Harvard. At Sotheby’s, an anonymous Asian collector paid $1 million — nearly six times the high estimate with fees — for a pair of Huanghuali-style cabinets from the 17th century. Monday, a private Asian collector spent $362,500 at Christie’s for Mr. Sackler’s bronze ritual food vessel dating to the 12th century B.C., 10 times its high estimate. The total combined take from Mr. Sackler’s Asian holdings was $7.8 million.

At Sotheby’s, a Han dynasty ‘famille-rose’ vase from
Gordon Getty’s collection sold for $902,500, which was well over its $350,000 high estimate.
Chinese ceramics had the strongest showing of the week. Sotheby’s sold a milky celadon jade vase with floral carvings from the Qing dynasty for $926,500, tripling its high estimate. At least four bidders also fought over a fuschia vase owned by collector Gordon Getty, which went to an anonymous bidder in the salesroom for $902,500, exceeding its $350,000 high estimate.

Over at Christie’s, several bidders fought over a 1778 wooden inkpaste box carved with poems. An Asian buyer got it for $1.4 million, four times the high estimate.

By comparison, contemporary art was scarce this time around. This year, Sotheby’s and Christie’s have shifted their stand-alone sales of Chinese contemporary art to Hong Kong, which has eclipsed New York as the top sales hub for Asian art. The New York offerings from India were weighted more heavily toward gilt-bronze Buddhas, Mughal miniatures and modern masters.

Tyeb Mehta, who died in July at the age of 83, still fared well. On Wednesday, Christie’s sold the artist’s powder-blue portrait, “Two Figures,” for $926,500, above expectations. And over at Sotheby’s, Mehta’s 1976 double portrait, “And Behind Me Desolation,” sold Thursday for $350,500, reaching its high estimate.

Subodh Gupta, the most recognizable and highly paid Indian artist to emerge in recent years, was in short supply this week.

At the height of the art boom, his photo-realistic paintings of aluminum pots were selling at auction for more than $1 million each. But Christie’s specialist Hugo Weihe said Gupta’s collectors don’t want to part with his pieces for less than $300,000, a more realistic value for his works now. Saffronart sold an untitled pot painting by Gupta last week for around $209,875.

By KELLY CROW
www,WSJ.com

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Christie’s South Asian Modern & Contemporary Art sale achieves 54% sales https://indianartnews.visionsarts.com/christies-south-asian-modern-contemporary-art-sale-achieves-54-sales/ https://indianartnews.visionsarts.com/christies-south-asian-modern-contemporary-art-sale-achieves-54-sales/#respond Tue, 24 Mar 2009 10:12:00 +0000 http://indianartnews.info/christies-south-asian-modern-contemporary-art-sale-achieves-54-sales/ Source – ET KOLKATA: Christie’s South Asian Modern & Contemporary Art sale in New York has achieved total numbers of $2.412 million. Of the 72 lots offered, 63% have …

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Source – ET

KOLKATA: Christie’s South Asian Modern & Contemporary Art sale in New York has achieved total numbers of $2.412 million. Of the 72 lots

offered, 63% have been sold out, embracing 45 pieces. In value terms, the auction achieved 54% sales. The top highlights include a VS Gaitonde Untitled, picked up at $482,500 by an anonymous buyer against an estimate of $300,000-500,000. At the same time, a Subodh Gupta Untitled oil on canvas from 2004 has been bought out by a private Asian buyer for $176,500 compared to an estimated band of $200,000-300,000. Among the high-end works is also an acrylic on canvas work, Transplantation, by Rameshwar Broota, which is pegged at a sale value of $170,500 hovering close to the high estimate of $180,000. The Broota was acquired by a private US buyer. Hugo Weihe, international director, international specialist, head of Indian and Southeast Asia art, told ET in an email from New York: “The sale of of South Asian Modern & Contemporary Art was led by Vasudeo Gaitonde’s superb Untitled from 1965, which achieved $482,500. We were pleased to see further strong results for Maqbool Fida Husain’s Gandhi- Man of Peace at $152,000 and Rameshwar Broota’s Face at $80,500.

Buyers continued to be selective and to focus on quality triggering solid results for mid-level price ranges. The sale was well-attended with international bidders in the room, on the phone and Christie’s LIVE.” According to Ms Menaka Kumari Shah, Christie’s India representative, “This sale reinforces the strength of artists in this field as is evident from prices realised for the Husain, Gaitonde and Broota, for example. We witnessed more disciplined buying with a focus on quality, proving there is still liquidity in the market and confidence in this collecting category.” Summing up, deputy chairman, Christie’s Americas & Asia, Theow H. Tow, said: “We are pleased with the continued strength of Christie’s Asian Art
Week which presented exceptional works of art to an international audience. The market for Asian art has been deepening and expanding over the past several years. Our dedicated and talented specialists put together well-edited sales with important works that achieved strong results.”

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Asian Art Week at Christie’s London in November 2008 https://indianartnews.visionsarts.com/asian-art-week-at-christies-london-in-november-2008/ https://indianartnews.visionsarts.com/asian-art-week-at-christies-london-in-november-2008/#respond Thu, 16 Oct 2008 06:13:00 +0000 http://indianartnews.info/asian-art-week-at-christies-london-in-november-2008/ Artdaily Exquisite white jade carvings dating largely to the Qianlong Period (1736–95), are offered from a private English collection. With estimates ranging from £4,000 to £200,000. Christie’s Images Ltd. …

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Artdaily

Exquisite white jade carvings dating largely to the Qianlong Period (1736–95), are offered from a private English collection. With estimates ranging from £4,000 to £200,000. Christie’s Images Ltd. 2008


LONDON.- The continuing international appeal of Asian Art was demonstrated in the September New York sales which realised $51.1 million, the second highest total ever for Asian Art Week at Christie’s New York. This autumn, Christie’s London Asian Art Week will run from 4 -11 November 2008, featuring further treasures of great rarity and beauty, with many highlights offered from superb private collections. Estimated to realise in the region of £7 million, the sales include: A Private English Collection of White Jade Carvings & Fine Chinese Ceramics and Works of Art Including Export Art on 4 November at King Street; Japanese Art & Asian Textiles including the Linda Wrigglesworth Collection on 6 November at South Kensington, Chinese Art on 7 November at South Kensington Japanese Art and Design including an Important Group of Swords from a Private European Collection on 11 November at King Street.

A Private English Collection of White Jade Carvings & Fine Chinese Ceramics and Works of Art Including Export Art: 4 November at 10.30am & 2.30pm, Christie’s King Street
Christie’s Asian Art Week London opens with the sale of Fine Chinese Ceramics & Works of Art Including Export Art on 4 November. The auction comprises over 250 lots including superb jades, ceramics, Buddhist sculptures and paintings. Following the success of the Blot collection in May 2008, the November sale will feature two distinct jade collections. Rare archaic jades from the collection of Baron and Baroness von Oertzen are led by an outstandingly fine shield-shaped yellow jade belt hook, Western Han (206 BC – AD 8), which is believed to have been made for a king or prince (estimate: £100,000-150,000).

18 exquisite white jade carvings dating largely to the Qianlong Period (1736–95), are offered from a private English collection. With estimates ranging from £4,000 to £200,000, the centerpiece is a dramatic, exceptionally fine and rare Imperial white jade ‘phoenix’ wine-pot and cover (estimate: £200,000-300,000). The spout is the shape of a phoenix head, exemplifying the long standing history in China of using birds’ heads to provide the shape of the spout on both bronze vessels and ceramic wares. The wine-pot also features a magnificent dragonhead handle and a domed cover with an exquisite peony finial. Among the other jades from the collection is a very fine and rare imperial white jade archaistic vessel (estimate: £180,000-220,000), comprising a trumpet neck with elegant overlapping plantain leaves decorated with geometric motifs. The technical difficulties and the extravagant use of top-quality material employed in the making of this vase, indicates that it could only have been made for the use of the Emperor himself, probably on the writing desk of his private study.

Elsewhere, two works from the famous Palmer Collection will attract great interest. Executed in very different mediums, the first is a beautiful and extremely rare Yongzheng (1723-35) porcelain bowl decorated in famille rose enamels, with an unusual roundel design of peaches and bats (estimate: £150,000 – 250,000). The second is a superb 17th/18th Century rhinoceros horn water–dropper, carved in the form of a lotus leaf, with its stem forming the spout (estimate: £80,000-100,000). Further highlights range from a fine silk kesi tapestry depicting Xi Wangmu, the Queen Mother of the West, riding on a phoenix above Daoist immortals who await her on a garden terrace (estimate: £15-20,000), to a pair of painted album leaves bearing portraits of two of the Qianlong Emperor‘s favoured Imperial bannermen, accompanied by inscriptions from the Emperor’s own brush (estimate: £100,000-150,000).

Japanese Art & Asian Textiles including the Linda Wrigglesworth Collection on 6 November at 10.30 am and 1pm Christie’s South Kensington
The world of Japan is brought to London once again, as part of the Christie’s events for Asia Week in London. The South Kensington sale on Thursday, 6 November encompasses all periods from the 17th Century through to the middle of the 20th Century, offering rare and desirable treasures for both the modern buyer and the traditional collector of Asian Art. The craftsmanship of Japanese metalwork continues to be very popular. A selection of the highlights from the Meiji Period (1868-1912) include a rare bronze okimono of a bird of prey signed Matsatsune (estimate: £8,000-12,000), a stunning silver vase by Miyamoto (estimate: £8,000-10,000) and a naturalistic silver pheasant signed Morinobu (estimate: £1,500-2,500). Amongst the netsuke on offer are examples carved in wood, ivory and stag antler, with further examples in fossil walrus and amber by the contemporary Western netsuke carver Guy Shaw (estimates range from £500-4,000). The sale also features ceramics, including many examples of 19th Century finely painted Satsuma pottery, 20th Century Shin Hanga woodblock prints, cloisonné enamel, inro, ojime and a European private collection of pipecases.

Following the success of The Imperial Wardrobe sale in New York, March 2008, Christie’s are pleased to offer a further selection from the Collection with the Linda Wrigglesworth Collection of Korean and Japanese Textiles. Including Japanese kimono and resist dyed indigo futon covers and wrapping cloths, the sale also features unusual and rare Korean ritual cloths (pojagi), including a 19th century brightly coloured ‘Windmill’ design (estimate: £4,000-6,000) and court costume. Estimates range from £500 to £5,000. The final selection of Chinese costume and textiles from this collection will be offered in May 2009. In addition, beyond the collection, the sale features a selection of Chinese and Japanese costume and textiles including kimono, Canton export coverlets, court dress and rank badges such as a pair of 19th century Chinese Kesi censor’s rank badges (estimate: £6,000-8,000). Key works also include a mid-19th Century Chinese Imperial turquoise chi’fu or formal robe, which is embroidered with nine gilt, five toed dragons (estimate: £12,000-14,000). The use of turquoise robes was the privilege of the immediate members of the Imperial family and is usually associated with female members; this robe displays the elbow bands and closed front of a lady’s robe.

Chinese Art on 7 November at 10.30am and 2.00pm, Christie’s South Kensington
Christie’s South Kensington Chinese Art sale specifically caters for both traditional and new buyers in this vibrant category, with estimates ranging from £500 to £10,000. Works from private Asian, European and English collections will be offered, including a further selection of wonderful pieces from the Von Oertzen archaic jade collection. Imperial ceramics and white and pale celadon jade carvings from the 18th and 19th Centuries which are currently in strong demand are well represented, highlighted by a small yellow glazed dish dating to the Zhengde Period (1506-21) (estimate:£3,000-5,000) and a pair of white jade table screens, early 19th Century (estimate:£5,000-8,000). Spanning the 15th century through to the 20th century, further ceramics featured include a selection of blue and white vases and brushpots, and celadon dishes and bowls, one highlight in this group being a finely painted blue and white brushpot dating to the Transitional Period, (estimate: £2,000-3,000). Amongst the specialist works of art, there are selections of fine cloisonné enamel models including a pair of standing birds dating to the Qianlong Period (1736-95) (estimate: £3,000-5,000), cinnabar lacquer including an Imperial threecolour box and cover dating to the Qianlong reign, (estimate: £4,000-6,000) and also gilt-bronze Chinese and Tibetan models including a set of Eight Tibetan gilt-copper auspicious emblems dating to the 18th Century (estimate: £3,000-5,000).

Japanese Art and Design including an Important Group of Swords from a Private European Collection on 11 November at 2pm, Christie’s King Street
Drawing Asian Art week London to a close is the auction of Japanese Art and Design including an important group of swords from a private European collection at Christie’s King Street on 11 November. Featuring a diverse range of over 250 works representing 200 years of Japanese history, the auction highlights include an impressive pair of Ando presentation cloisonné vases, Meiji Period (1867-1912) (estimate: £150,000-250,000) illustrated left, which were given by Emperor Taisho, in 1920, to the Korean Crown Prince Yi Eun and Princess Masako of the House of Nashinomoto, on the occasion of their wedding. The exquisitely decorated vases, depicting song birds amidst wisteria and white chrysanthemum blossoms, were formerly in the collection of an ecclesiastical institution. They were recently discovered and identified as the pair that match a koro [incense burner] which is held in the collection of the Nagoya City Art Museum.

Among lacquers in the sale spanning the 16th century to the modern day, is a remarkably fine contemporary lacquer writing box illustrated right and table [Suzuribako and Bundai], by Kitamura Tatsuo, born in 1951, who often signs, as in this case, Unryuan, 20th century (estimate: £30,000-50,000). Each piece decorated in vivid gold, black, red, white, green and blue lacquer, they depict scenes in the battle Osaka natsu no jin (The Osaka Summer Battle) which occurred in May 1615.

A private European collection of prints comes fresh to the market, having not been seen for over 50 years, it includes fine examples by Suzuki Harunobu (c.1725-1770), Kitagawa Utamaro (c.1753-1806), Torii Kiyonaga (1752-1815) and Utagawa Hiroshige (1797-1858), for example a fine impression of Hiroshige’s Moon Cape, from the series One Hundred Views of Famous Places in Edo, estimate £4000-6000. In addition to this collection is an unusual work, an Okubi-e portrait of Yaozo, by Toshusai Sharaku (active 1794-1795) (estimate: £25,000-30,000). Sharaku is widely considered to be one of the great masters of woodblock printing in Japan, despite having an extremely short period of activity. He designed portraits of the Kabuki actors and this work depicts the actor Ichikawa Yaozo III as Tanabe Bunzo in the play Hanayame Bunroku Soga performed at the Miyako-za in the fifth month of Kansei 6 (1794). Elsewhere, there is a Yoshitoshi print album (One Hundred Aspects of the Moon) (estimate: £20,000-25,000). Other key examples include a superb hand-painted scroll by Hokusai, depicting an interior scene and a panoramic view of the journey along the Sumida River from the Nihonbashi Bridge to the Yoshiwara (estimate: £40,000-60,000). The inscription on the scroll indicates that it was commissioned by Utei Enba, a writer of comic verse, and painted by Hokusai at the Danjuro establishment.

The Important Group of Swords from a Private European Collection features 18 swords with estimates ranging from £5,000 to £300,000, led by an important Ko-Bizen Tachi, signed Kuni Tomonari saku, the remarkable sword-smith, Kamakura Period (12th-13th century) (estimate: £280,000-300,000). It is a masterpiece of early work by Tomonari. A further important sword with an elegant Heian shape is by Yoshikane, and dates from the late 12th to early 13th century (estimate: £150-180,000). There is also a collection of sword fittings formed in the late 1940’s-70’s by Burnie McDonald Craig, which includes many examples acquired from notable London sales including those of Vever, Hawkshaw, Naunton and Hawkins.

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Christie’s international announces worldwide sales of £1.8 billion ($3.5 billion) for first half 2008 https://indianartnews.visionsarts.com/christies-international-announces-worldwide-sales-of-1-8-billion-3-5-billion-for-first-half-2008/ https://indianartnews.visionsarts.com/christies-international-announces-worldwide-sales-of-1-8-billion-3-5-billion-for-first-half-2008/#respond Thu, 24 Jul 2008 11:18:00 +0000 http://indianartnews.info/christies-international-announces-worldwide-sales-of-1-8-billion-3-5-billion-for-first-half-2008/ Source : albawaba.com • Global Art Market Remains Confident in All Regions with 10% Growth in Worldwide Sales Compared with First Half of 2007• 63% Year on Year Sales …

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Source : albawaba.com

• Global Art Market Remains Confident in All Regions with 10% Growth in Worldwide Sales Compared with First Half of 2007
• 63% Year on Year Sales Growth in Asia
• Impressionist and Modern Art Sale in London was Highest Ever Sales Total for an Art Auction Held in Europe Realising £144 million ($284 million/ €182 million)
• Record Sales Results in Key Categories including Impressionist and Modern; Post-War and Contemporary Art; Jewellery & Watches; Asian, Indian and Arab Art
• 4 of Top 5 Works of Art Sold at Auction in First Half of Year at Christie’s
• Strong Growth in Privately Negotiated Sales through Christie’s and through Subsidiary, Haunch of Venison
• Positive Outlook for Global Art Market with Many Exciting Works of Art Consigned for Sale in Second Half

Christie’s International, the world’s leading art business, announced today worldwide sales of £1.8 billion ($3.5 billion) for the first six months of 2008, an increase of 10% by £ on last year’s figure of £1.6 billion ($3.2 billion) for the same period. (Figures include buyer’s premium.)

In Christie’s salesrooms around the world, 457 works of art sold for more than $1 million, compared to 430 sold during the same period last year. Sales totals include private sales of £153 million/$301 million brokered by Christie’s in the first half of 2008 as well as sales conducted by the wholly owned subsidiary, Haunch of Venison.

“Christie’s robust results for the first half of 2008 reflect the ongoing strength of the international art market,” said Edward Dolman, Chief Executive Officer, Christie’s International. “Christie’s ability to source the rarest, most beautiful and impressive works of art in all categories underpins our continued art market leadership and success. Collectors across the globe have remained active and confident, despite more uncertain economic conditions in some regions. Christie’s extensive international network has introduced an increasing number of buyers to the international art market from growth markets including Russia and the CIS states, the Middle East, India and China.”
“As the world’s leading art business, Christie’s continues to innovate in new geographies, sales formats and range of services offered to clients. We continue to develop our business activities in both established and new growth markets and Christie’s dominates some of the more diverse sectors of the middle market, particularly through our Interiors sale formats.”

International Sale Centres for January – June 2008
For the first half of 2008, Europe & UK auction sales totalled £837 million ($1.6 billion), up 6% from the same period last year; the Americas totalled £631 million ($1.2 billion), down 1% from the same period in 2007; and Asia & Middle East totalled £179 million ($351 million), up 81% from the same period last year. The breakdown of sales is as follows:

• Europe with UK £837 million/$1.6 billion
• King Street £643 million/$1.3 billion
• South Kensington £41 million/$80 million
• Paris £68 million/$132 million
• United States £631 million/$1.2 billion
• Asia with Middle East £179 million/$351 million
• Dubai £20 million/$39 million

Top International Department Totals for January – June 2008
Auction department sales were up overall by 8% over the same period in 2007. Key auction department increases for the first half include the Asian Art categories (up 63%); Jewellery and Watches (up 34%); Impressionist & Modern Art (up 14%); the European Furniture categories (including Clocks, Sculpture, Rugs and Carpets) (up 47%); Latin American Art (up 21%) and American Paintings (up 33%).

A breakdown of key categories is as follows:
• Impressionist & Modern Art £497 million/$974 million
• Post-War & Contemporary Art £408 million/$800 million
• Asian Art £239 million/$469 million
• Jewellery, Jadeite, Watches £140 million/$275 million
• European Furniture £71 million/$139 million
• Old Masters (Paintings & Drawings) £52 million/$101 million
• American Paintings £41 milllion/$81 million
• British & Irish Art £32 million/$64 million
• Russian Paintings & Works of Art £20 million/$40 million
• Books & Manuscripts £19 million/$38 million
• Latin American £18 million/$35 million
• 20th Century Decorative Arts £18 million/$35 million
• Prints £16 million/$32 million

Top Ten Works of Art Sold at Christie’s Worldwide for January – June 2008

Claude Monet (1840-1926), Le bassin aux nymphéas, 1919 $80,451,178
£40,921,251
Francis Bacon (1909-1992), Triptych 1974-1977, 1977 $51,680,061
£26,340,500
Mark Rothko (1903-1970), NO. 15, 1952 $50,441,000
£25,867,179
Claude Monet (1840-1926), Le Pont du chemin de fer à Argenteuil, 1873 $41,481,000
£21,056,345
Francis Bacon (1909-1992), Three Studies for Self Portrait, 1976 $34,457,475
£17,289,250
Lucian Freud (b. 1922), Benefits Supervisor Sleeping, 1995 $33,641,000
£17,251,795
Andy Warhol (1928-1987), Double Marlon, 1966 $32,521,000
£16,677,436
Francis Bacon (1909-1992), Three Studies for Self Portrait, 1976 $28,041,000
£14,380,000
Alberto Giacometti (1901-1966), Grande femme debout II, 1960 $27,481,000
£13,949,746
Edgar Degas (1834-1917), Danseuses à la barre, 1880 $26,504,138
£13,481,250

International Highlights and Events for January – June 2008

Middle East
Christie’s fourth Dubai sale series totalled AED147.3 million/$40 million.
o Four works sold for over $1 million, and 71 new artists records were established including for Parviz Tanavoli’s The Wall (Oh Persepolis) which sold for AED10.4 million/$2.8 million, the most expensive work of art ever sold at auction in the Middle East and establishing a new world record for any Iranian artist at auction. A superb natural pearl and diamond necklace sold for AED6.4 million/$1.7 million.
o The Christie’s/YouGov Siraj Survey, released in March, polled over 100,000 GCC residents and demonstrated that 40% of participants anticipate their spend on art will increase over the next five years.

Looking Ahead
“As worldwide sales values continue to remain steady, Christie’s approaches the second half of the year in the continued belief that the global art market overall will remain strong and steady,” said Edward Dolman, Chief Executive Officer.

• Christie’s in Madrid will organize the fifth Spanish Art Sale at the Westin Palace Hotel on 2 October.
• Christie’s Dubai will again welcome an international clientele with the International Modern & Contemporary Art Sale on 29 October and the auction of Contemporary Jewels & Watches on 30 October.
• Impressionist and Modern Art and Post-War and Contemporary Art Evening Sales offering superb masterpieces by 19th, 20th and 21st century artists will be held at Christie’s New York on 5 and 12 November.
• In London, Christie’s Contemporary Evening Sale will be held on 19 October, followed by the Italian Sale on 20 October and the Post-War and Contemporary Day Sale on 21 October.
• Commencing November 24, Christie’s London will host the Russian Art sale week including : Russian Pictures, Russian Works of Art, Icons and Russian Books.
• The Hong Kong sales series of Asian Art, Jewellery and Watches will take place in November.
• 4 and 5 December will present Important Old Master and British Pictures at Christie’s London.

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Exposure makes Indian art prices gallop in global mart https://indianartnews.visionsarts.com/exposure-makes-indian-art-prices-gallop-in-global-mart/ https://indianartnews.visionsarts.com/exposure-makes-indian-art-prices-gallop-in-global-mart/#respond Mon, 30 Jun 2008 09:25:00 +0000 http://indianartnews.info/exposure-makes-indian-art-prices-gallop-in-global-mart/ By Madhusree Chatterjee The price curve of Indian art is shooting north in the global market because of “increased consciousness” about it, say experts. This has been brought about …

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By Madhusree Chatterjee

The price curve of Indian art is shooting north in the global market because of “increased consciousness” about it, say experts. This has been brought about by greater visibility of art and artists from the country and easy access to relevant information about Indian art from the internet, they say.
“Indian art is becoming a part of international consciousness, why is why we have seen a spectacular growth in this field,” Yamini Mehta, director of modern and contemporary Indian art at the London-based Christie’s, told IANS on e-mail.
“Boundaries are becoming more fluid. We are seeing more Indian artists being represented in international museum exhibitions and art fairs. The exposure is helping create newer collectors who actively seek out works by the best of Indian artists to add to their collections,” Mehta said.
On June 11, a painting by F.N. Souza, an Indian artist who spent the better part of his life in New York, sold for $2.5 million, while an untitled painting by Tyeb Mehta (Figure in a Rickshaw) fetched 982,050 pounds setting new price records at the Christie’s auction in London.
Five of contemporary artist Subodh Gupta’s works were also sold in the same auction at record prices. Gupta’s “Bucket”, an abstract canvas with the symbolic motif of his trademark bucket, was sold for 121,250 pounds while his “Magic Wands” and “Cotton Wicks” were sold for 169,250 pounds and 15,000 pounds respectively.
Twelve artists set new records in terms of prices at the auction in London.
According to experts, Indian art in general had a higher price profile in almost every international art show this year.
A New Delhi-based dealer, Nature Morte, sold a set of three sculptures by Gupta for nearly $1 million, while a painting by rising star T.V. Santosh went out to a British collector for $170,000 at the prestigious Art Basel, the largest fair of modern and contemporary art in Switzerland. Gupta’s seven-metre wide “Triptych” sold for $1 million in the same fair.
In March 2008, M.F. Husain’s “Battle of Ganga and Jamuna” sold for $1.6 million in New York.
Auction houses and dealers attribute the boom to growing consciousness and appreciation of Indian art internationally.
According to Mehta, the new breed of collectors, who are armed with more money, are incredibly well informed. “They usually look for a combination of three factors in an art work – lineage, the artist and its freshness.
“For instance, the ‘The Birth’ by F.N. Souza which sold for a record-breaking price of $2.5 million, had the combination of all the three: it was a large museum quality masterpiece by one of the giants in Indian art and completely fresh to the market,” Mehta said.
The freshness of the artwork, experts claimed, was instrumental in pushing up its price.
Peter Nagy, director of Nature Morte Gallery in Delhi, which sold almost all its works at the Basel fair, says the increase in price is directly related to the demand for the works and the increased attention that the international art world is paying to contemporary art works coming out of India today.
“This increased attention increases the demand and hence the prices go up,” Nagy told IANS.
Citing Basel as an example, Nagy said the “audience in Switzerland wanted unique Indian works and were not interested in works and prints by Indian artists. However, the prices of the works were dictated by the prices set in India”.
Another factor that determines the price tag is the stiff neck-on-neck bids, especially at auctions, and the wide client base. The competition among bidders triggers an artificial increase in prices.
The phenomenon is also gradually becoming applicable to Indian art, especially in international sales.
Describing the nature of the Christie’s London auction of Asian art, Mehta said the auction hall was packed right from the beginning with clients from across the globe.
“There was also spirited bidding on telephones and through Christie’s LIVE, which is a new platform for our clients to watch the live auction in real time and bid online from the comfort of home or office,” Mehta said.
According to an estimate by the Christie’s, the market for Indian art gathered steam over the last decade, totalling an impressive $42 million in 2006 from just $656,000 in a sale in 2000.
Before that, price milestones were generally one-time. In 2005, Tyeb Mehta’s “Mahisasura” sold for a record $1,584,000.

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Asian Art Sales Creating Records! https://indianartnews.visionsarts.com/asian-art-sales-creating-records/ https://indianartnews.visionsarts.com/asian-art-sales-creating-records/#comments Thu, 19 Jun 2008 10:52:00 +0000 http://indianartnews.info/asian-art-sales-creating-records/ Directory Journal Asia is home to some of the world’s oldest civilizations and also to the most exhilarating artistic finds. Asian art has been appreciated all over the world, …

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Directory Journal

Asia is home to some of the world’s oldest civilizations and also to the most exhilarating artistic finds. Asian art has been appreciated all over the world, as it offers intriguing insight into the traditions and vibrant history of Asia’s many cultures.

Asian Art is known to depict light and darkness as two sides of the same coin and as belonging to each other, and thus illuminate new ways of looking at this beautiful world. The arts of Asia are as diverse as the continent itself and encompass a whole universe of astounding variety and art lovers find themselves not knowing what is going to appear on the market next. Asian art consists of so many regional styles and periods that it literally collapses under its own weight.

Paintings have long been one of the most admired forms of art. From the magnificent cave paintings from thousands of years ago to the misty landscapes painted by the later artists, Asian art has long sought to express both harmony with nature and inner peace.

The interest in Asian art is said to be at its peak now. Some art lovers are of the opinion that the increased art poaching on the international scene seems to have inspired an urgency that says “buy while you can.” In the West, where the mention of Picasso could fetch millions of dollars, great pieces of Asian art were literally a steal; however, now they are lining up as competition too.

The international Asian Art Fair in Manhattan is a big hit with the Americans and Europeans. Founded in the year 1996, this fair brings together the world’s leading dealers in Indian, Himalayan, Tibetan, Near Eastern, South East Asian and Far Eastern spectacular works of art, and the pieces range from the earliest to the contemporary.

Christie’s, which is a leading fine arts auction house and art business, has seen an increase in sales of Asian art. With its main salesroom being in London, it has offices throughout the world.

Christie’s is reported to have created a record by selling Asian art worth $310.7 million at the spring sales in Hong Kong this week, confirming the reputation of the region as being one of the most promising in a thriving international market.

This was said to be Christie’s highest ever for an Asian sales series. It is also a 58 percent increase from last year. These auctions featured several record results in different categories of artwork, especially with a strong showing of Chinese and Asian contemporary art. “The results of our Hong Kong spring sales highlight the importance of Asia for Christie’s and the potential that this region offers,” said Edward Dolman, CEO of Christie’s International.

A diptych painting by the top Chinese artist Zeng Fanzhi Mask Series 1996 No. 6 was sold for $9.7 million, setting a new high for Asian contemporary artwork.

Prices for Chinese contemporary art are at its peak now and this is attributed to the massive rise in demand in Europe and the United States. Almost no price is too high for art pieces that are of impeccable provenance and exceptional quality.

India, like China also has a rich artistic heritage and has been an inspiration for Asian artists for hundreds of years. From the ethereal Buddhist monastery paintings of the 4th Century A.D. to the world-famous miniatures painted for the Mogul Court, over a period of time, Indian artists have developed their own inimitable style of depicting, nature, society and man. The bejeweled maharajahs and the veiled women of Indian art depict a highly-developed culture which combined a joyous celebration of the sensual.

In April, a London auction house has offered a collection containing the “personal dagger” of the Mughal Emperor Shah Jahan, which is estimated at 500000 pounds sterling. This dagger has delicate inscriptions in gold, including “the dagger of the king of kings.” The dagger images Shah Jahan’s love for rare precious stones and fine workmanship but it also reflects his potential for being the greatest warrior.

The huge demand for Asian art is because the West is more aware now, of its intricacy and beauty, and looks at collecting Asian art because of stories concealed in its silence. It is the education one can get from each piece, to learn about the society and the era it represented. Asia’s art is the key to unlocking the secrets of different cultures that are totally different from those of the West and in this era of non-stop activity, opens the doors to a gentler and more contemplative side of life.

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