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

Mark Dion and Dana Sherwood, Sketch for the Pollinator Pavillion.  Courtesy of the Thomas Cole National Historic Site.

Ahead: ARTFIXdaily Closed Week of August 9; The Pollinator Pavilion Opens at Thomas Cole Site

  • ArtfixDaily / August 6th, 2020

ARTFIXdaily e-newsletter service will be closed next week and will resume on August 17. This Friday, August 7, the ...

Read More...
Philadelphia Museum of Art

New Round of Layoffs Hit U.S. Museums; Philadelphia Museum of Art Workers Vote to Unionize

  • ArtfixDaily / August 6th, 2020

After months of coronavirus impacts have battered museums' finances, art institutions across the U.S. have announced ...

Read More...
Tony Castro with Alpha Castro removing door molding to discover original decoration at Cumston Hall, Monmouth, Maine.

Got Old House? A Live Stream Symposium Will Cover Historic Painted Wall Conservation

  • ArtfixDaily / August 6th, 2020

"Conserving Our Painted Past" Live Stream Symposium Oct. 26-28, 2020, 1:00 pm-4:30 pm REGISTRATION NOW OPEN AT ...

Read More...
Counter for Cutting Cloak Material, 1850s.  Church Family, Mount Lebanon, NY Pine, maple pulls, brass tacks, red paint Accession Number: 1950.382.1

Shaker Museum Taps Selldorf Architects for New $15 Million Facility

  • ArtfixDaily / August 5th, 2020

Shaker Museum has selected Selldorf Architects to create its new permanent facility in downtown Chatham, New York, to ...

Read More...

Related Press Releases

ARTFIXdaily Artwire