Posted: May 11, 2011, Last Updated: May 19, 2011
| 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 support to indicate ...
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Posted: July 16, 2010, Last Updated: May 19, 2011
| Louis M. Salerno, Owner
Perhaps we should be grateful that world events occasionally derail us from the deeply grooved course of modern society so that we are forced to consider our own journey. We seek a reference to gauge the nature of our own experience and art has a vital role in this process. The economic disruption and disillusionment of recent times has increased our awareness of this quality and refocused our attention on the art that is personally meaningful. As a dealer observing the ebb and flow of the American art market, I detect a fundamental change in the way collectors perceive the value ...
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