Blog Posts tagged with JKLFA.com

Chinese Vase Sold For $18 million

Did Sotheby's Document $18 million Vase Correctly?

Posted: May 11, 2011 06:40 Last Updated: | Joseph K. Levene

A Chinese Vase expected to sell for $800. to $1,200., was sold by Sotheby's New York for an astonishing $18 million on March 22, 2011. Described as an unusual famille rose and gold decorated vase, an Anonymous Sotheby's bidder paid $18 million for this 20 century porcelain. The Chinese Vase was among 300 lots consigned by J.T. Tai and Company, a well-known  Dealer of Chinese Porcelain; the Sotheby's Sale realized $36.3 million and took nine hours to complete. Why did Sotheby's estimate the $18 million Chinese Vase at only $800-$1,200? Sotheby's felt there was no actual...


Buying Fine Art Not Like Buying Detergent

Buying Fine Art Is Not Like Buying Detergent

Posted: February 14, 2011 07:17 Last Updated: | Joseph K. Levene

Buying Art is not like buying Detergent; the key is to "buy intelligently". Art buyers often make the wrong decision when comparing two examples of the same Work of Art with the objective of "saving money". Many Buyers fall prey to buying the Work of Art with the lowest price, and often not the best. Daniel Grant wrote a WSJ Article titled Why You Can't Always Trust Art Dealers which casts a negative light on Art Dealers. We don't condone the ethical behavior cited by Mr. Grant and agree due diligence is essential to protect financial harm. How...


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