Auctions Tally Record $92 Million during Asian Art Week in London

  • November 12, 2011 16:46

  • Email
From Eskenazi, a Huanghuali painting table, tiaozhuo. Late Ming-early Qing period c. 1600-1700. Height: 82.0 cm. Length: 157.4 cm. Depth: 70.0 cm.
Eskenazi, London
The outstanding highlight of the huge 700-lot Chinese sale at Bonhams was a magnificent turquoise Imperial vase, decorated with chrysanthemums, which sold for £9,001,250, making it the highest priced Asian artwork in London this year.
Bonhams

A selection of 1,695 Chinese artworks and antiques offered at Sotheby's, Christie's and Bonhams during the 14th annual Asian Art in London event last week totalled a record 57.4 million pounds ($92 million) even while 44% of the lots failed to sell.

London dealers told Bloomberg that Chinese buyers were facing tightened credit this season.

Among the auction highlights was a Qianlong dynasty Imperial vase that sold for 9 million pounds to an Asian phone buyer who bid the piece up to 10 times its upper estimate at Bonhams.

Just 48 percent of the 557 lots at Sotheby's sold. Among those passed was an 18th-century Doucai “Lotus and Bats” jar and cover that was discovered in a Shropshire home. The piece was estimated at 300,000 pounds to 500,000 pounds, a value that some said was too high.

Among the gallery offerings, a superb private collection of 17th-century Chinese furniture, all made of the South-east Asian hardwood that has come to be known as huanghuali, and priced from $60,000 to more than $1 million, sold very well at the Mayfair dealer Eskenazi.

 

 

Read more at Bloomberg


  • Email

More News Feed Headlines

Peter Carl Fabergé; Henrik Emanuel Wigström, workmaster.  Rose Trellis Egg (detail), 1907.  Bequest of Henry Walters, 1931 44.501

Revel in Fabulous Fabergé Imperial Easter Eggs

  • ArtfixDaily / April 9th, 2020

Easter eggs are among the most fabled and intricately-crafted treasures from the firm of Peter Carl Fabergé ...

Read More...
Christie's New York

Christie's Fined $16.7 Million by Manhattan DA

  • ArtfixDaily / April 9th, 2020

Manhattan District Attorney Cy Vance, Jr. announced Thursday "the resolution of an investigation into Christie's ...

Read More...

Go On a Virtual Tour of Thomas Jayne's Soho Loft on House Beautiful's Live Instagram, Tuesday, April 14

  • ArtfixDaily / April 8th, 2020

House Beautiful has been developing a creative mix of live events for its Instagram feed focused ...

Read More...
Peace Terrace and view of Lake Merritt.  Courtesy of the Oakland Museum of California.

U.S. Arts Organizations Have Already Lost $4.5 Billion During Coronavirus Crisis, Per Study

  • Americans for the Arts / April 8th, 2020

The COVID-19 pandemic has cost U.S. arts and cultural organizations an estimated total of $4.5 billion since a survey ...

Read More...

ARTFIXdaily Artwire