ARTFIXdaily News Feed - Breaking News from the Art World

Florida Collector of Asian Art Sues Ringling Museum

Herald Tribune / July 31st, 2014

A new building at the Ringling museum in Florida might open as scheduled in January 2016 without the $30 million collection meant to go inside.

Chinese Collector Ruffles Feathers After Drinking from "Chicken Cup"

Examiner / July 28th, 2014

When billionaire art collector Liu Yiqian was photographed sipping tea from a $36.6 million cup, he sparked a wave of controversy.

Rijksmuseum Scores Early Landscape of America; $9.5 Million Antique Chest Once Used as TV Stand

ArtfixDaily / July 14th, 2013

The Rijksmuseum has made two major recent acquisitions: one of the earliest known landscapes of America and an important 1640s lacquered chest that had recently been used as a TV stand. The Dutch museum paid $9.5 million, the second highest price ever for...

Diamond, Qianlong Vases Boost $418 Million Hong Kong Auction

ArtfixDaily / May 30th, 2013

Christie's five-day auction in Hong Kong ended with total sales of HK$3.2 billion ($418 million), indicating a renewed uptick in the Asian market. Chinese buyers were back to a more competitive stance, bidding up...

Chinese Bowl Breaks Auction Record Price in Hong Kong

ArtfixDaily / April 9th, 2013

A new world record price was set for a rare red "lotus bowl" from the Chinese emperor Kangxi period of 1662-1722 when it went for $9.5 million at auction in Hong Kong, making it the highest price for any Chinese porcelain from the Kangxi period during the Qing dynasty.

Tacoma Art Museum Auction of Chinese Items Upsets Donors

Seattle Times / March 4th, 2013

Donors to the Tacoma Art Museum have been stung by the auction of Chinese jades and robes gifted to the museum's collection. The Young family gave pieces in the 1970s that the museum has sold off, except for a few remaining items that are now slated for sale.

Feds Raid Manhattan Art Storage Facility for Stolen Goods

New York Post / July 29th, 2012

Federal authorities have seized a haul of Indian antiquities valued at $20 million from the storage facility of an Upper East Side art dealer.

Sotheby's Six-Day Hong Kong Series Raises $411 Million

Businessweek / October 6th, 2011

A week of auctions held by Sotheby's in Hong Kong netted a total of HK$3.2 billion ($411.3 million) with selective buyers competing to record levels for blue-chip art, rare gems, and Chinese ceramics.

Steve Wynn drops $12.8m on vases for Macau resort

Sacramento Bee / July 10th, 2011

Hotel and casino mogul Steve Wynn purchased four 18th-century Chinese porcelain vases at a London auction Thursday night to decorate his new resort in Macau for 8 million pounds ($12.8 million). The four-foot tall decorative vases from the Jiaqing period (1796-1821), with Buddhist and Taoist ...

Imperial Chinese antiques spike London auction results

Bloomberg / May 22nd, 2011

London auction results in mid-May were boosted 180 percent by a growing demand among buyers for Chinese Imperial pieces. A record 58 million pounds ($93.9 million) was achieved in the sale series, almost three times the 20.6 million pounds total last May, according to Bloomberg. Bonhams alone ...

Delinquent, delayed payments stumble Chinese auction market

Newsweek / April 17th, 2011

China has catapulted to the world's largest art auction market, ahead of the U.S. and U.K., with an estimated $8.3 billion in sales, according to Artprice.com. But are mainland buyers slow to pay sellers, or paying at all for their bids? Newsweek takes a look at the rise of the Chinese mainland ...

Islamic art reaches new auction record

Los Angeles Times / April 6th, 2011

Sotheby's in London sold a 16th century illustrated portfolio from the "Shahnameh" ("Book of Kings") of Shah Tahmasp of Persia, for 7.4 million pounds ($12 million) on Wednesday, a new auction record for an Islamic work of art. The leaf comes from the Persian national epic depicting Faridun ...

Record price set for Chinese contemporary art

Bloomberg / April 3rd, 2011

A triptych painted by Zhang Xiaogang fetched HK$79 million with fees, an auction record for a contemporary Chinese artist, at Sotheby's in Hong Kong. This early work by Zhang, "Forever Lasting Love," more than doubled its estimate. The April 2 sale, part of 3,600-lot series, netted HK$427.2 ...

Earthquake relief part of Spring Asian Art Week in New York; Highlights in Japanese Art

ArtfixDaily / March 18th, 2011

From March 18 to 28, auction houses, museums, and many of the world's leading galleries are hosting dozens of special exhibitions and sales across New York City, featuring fine examples of ancient to contemporary Chinese, Indian, Himalayan, Southeast Asian, Korean, and Japanese art. Following the ...

Confident dealers offer their best art & antiques in Maastricht; Preview video online

TEFAF Preview / March 17th, 2011

There are 30,000 items worth more than 1 billion euros ($1.4 billion) offered by 260 top-tier galleries at the world’s most influential art and antiques fair. Two highlights are extraordinary paintings by Rembrandt and Renoir. Attracting leading international collectors and museum officials, ...

Ways to help earthquake relief in Japan

Huffington Post / March 13th, 2011

Following the devastating 9.0 earthquake and tsunami that hit Japan on March 11, a number of international aid agenices are fundraising to provide humanitarian relief. Direct Relief International, for one, has committed an initial $600,000 in cash to the effort and offered $15 million in ...

Prices for Asian art ascend at auctions worldwide

ArtfixDaily / December 14th, 2010

Record-setting recent sales of Asian art at Skinner's in Boston and Bonhams & Butterfields in San Francisco have followed this year's trend of enormous price increases for Chinese art and antiques. Fresh-to-market material helped entice Chinese bidders to Bonhams' Dec. 13 sale of Fine Asian ...

Hong Kong sales reach record heights

wall Street Journal / December 5th, 2010

Art, jewellery, wine and Chinese antiques were snapped up by eager buyers at a series of sales in Hong Kong last week. Christie's raked in $409 million, a season record total for Hong Kong, the world's third largest auction center following New York and London. About 80% of buyers were from ...

£53 million Chinese vase smashes record

Daily Mail / November 14th, 2010

A dusty antique vase sat on a wobbly bookshelf in a modest home outside of London since the 1930s, until it sold at Bainbridge's auction for an incredible £53 million on Nov. 11. The 16-inch tall 1740 Qianlong dynasty vase with a fish motif is the most expensive piece of Chinese porcelain ...

Ferocious demand for Chinese artworks at Fine Art Asia

Wall Street Journal / October 11th, 2010

The Fine Art Asia fair at the Hong Kong Convention Centre wrapped last week with strong sales concurrent with the record-breaking Sotheby's auctions. Dealers who exhibited Asian antiques are now faced with an inventory dilemna---a supply shortage---while dealers in Western art, who offered up big ...