CHRISTIE’S NEW YORK ASIAN ART WEEK TOTALS $60 MILLION; 73% MARKET SHARE

  •  From the Arthur M.  Sackler Collections, a very rare large limestone figure of a kneeling Bodhisattva, 10th/12th Century, realized $914,500 at Christie's.  (© Christie’s Images Limited 2010 )

    From the Arthur M. Sackler Collections, a very rare large limestone figure of a kneeling Bodhisattva, 10th/12th Century, realized $914,500 at Christie's. (© Christie’s Images Limited 2010 )

  • Yu Zhiding's Happiness through Chan Practice: Portrait of Wang Shizhen, a handscroll in ink and color on silk, sold for $3,442,500, a US auction record price for a Chinese classical painting.  The estimate was $120,000-150,000.

    Yu Zhiding's Happiness through Chan Practice: Portrait of Wang Shizhen, a handscroll in ink and color on silk, sold for $3,442,500, a US auction record price for a Chinese classical painting. The estimate was $120,000-150,000.

    © Christie’s Images Limited 2010

Christie's concluded its Spring Asian Art Week with a combined total of $59,936,375 achieved over four days of sales, March 23 through 26.  Featuring more than 1,000 lots, the sales drew record attendance during the previews and sales, indicating a surge of confidence among global collectors who continue to look for the best in Asian art.

Theow H. Tow, Deputy Chairman of Christie’s Americas and Honorary Chairman of Christie's Asia, said: “Our tremendous achievement this week is a clear testament to the immense strength of Asian Art, with success across all categories.  Christie's sales totaled $60 million this week, the 2nd highest total for Asian Art Week at Christie's New York with a 73% market share and Chinese Works of Art totaled $40 million, the highest ever achieved at Christie's New York.  We have continued to attract an international and diverse range of buyers who look for exceptional and rare works of good provenance that are attractively estimated.  Our totals show that the demand continues to be strong among worldwide collectors and reinforcing market confidence as we go forward into the year.”

About Christies: Christie’s, the world's leading art business had global auction and private sales in 2008 that totaled £2.8 billion/$5.1 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie's conducted the greatest auctions of the 18th, 19th and 20th centuries, and today remains a popular showcase for the unique and the beautiful. Christie’s offers over 600 sales annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $80 million. Christie’s has 53 offices in 30 countries and 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai and Hong Kong. More recently, Christie’s has led the market with expanded initiatives in emerging and new markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in Beijing, Mumbai and Dubai.

 

 

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