The First Art Newspaper on the Net Established in 1996 United States Saturday, October 25, 2014


Sotheby's Series of Asian Art Sales Totals $19,280,279
Rare and Important Pair of Huanghuali Compound Cabinets with Two-Drawer Stands, Qing Dynasty, 17th Century. Est. $120/180,000. Sold for: $1,022,500. Photo: Sotheby's.
NEW YORK, NY.- Sotheby’s autumn series of Asian art sales concluded yesterday, bringing the combined total to $19,280,279, double the pre-sale low estimate of $8.8/12.3 million. The series was 78.6% sold by lot. Today’s sale of South Asian Modern and Contemporary Art, Including Indian Miniature Paintings brought $3,747,800 (est. $2.5/3.5 million) and was 70.8% sold by lot and 90.9% sold by value. Yesterday’s sale of Fine Chinese Furniture, Works of Art and Carpets from the Arthur M. Sackler Collections brought $4,615,054 and more than quadrupled the presale low estimate of $1.1 million. The Sackler Collection was 95.4% sold by lot and 99.5% sold by value. The various-owner sale of Fine Chinese Ceramics and Works of Art also exceeded pre-sale expectations to bring $10,917,425 (est. $5.1/7.1 million) and was 74.9% sold by lot and 90.9% sold by value.

Henry Howard-Sneyd, Vice Chairman, Asian Art, said, “The power of the most desirable art, collections and discoveries to attract buyers from around the world to attend and bid in New York auctions was in great evidence at our series of Asian sales this week. The superb international teamwork – complete with up to 12 Mandarin-speaking staff members manning the telephones at one time – led to a total for the week that doubled our pre-sale low estimate and a very superior average sold lot value of over $66,000. These results are a reflection of the development of our Asia division in the Americas, which has been taking place over the past year.”

INDIAN ART
South Asian Modern and Contemporary Art, Including Indian Miniature Paintings Zara Porter-Hill, Head of Indian and Southeast Asian Art, commented, “Today’s sale, which exceeded the pre-sale estimate and was 90.9% sold by value, confirms the growing confidence in the Indian market. We saw international bidding and buying, predominantly from private collectors, with a rejuvenated presence from our trade clients. We are delighted to have sold over 70% of our lots today, continuing the improvement we have achieved in our sold-by-lot percentages throughout this year in New York and London. This high sell-through rate is a testament to our balanced selection of quality works at competitive estimates and demonstrates that the market is underpinned by a broad collector base. Also, we are particularly proud of the exceptional fact that in all three of our 2009 sales over 50% of the lots sold reached prices above the high estimate.”

The top price was achieved by V.S. Gaitonde’s Untitled, which was pursued by four clients and sold to a telephone bidder for $602,500 (lot 22, est. $400/600,000). Strong prices were seen for works by M.F. Husain, whose paintings claimed three of the top ten prices of the day. No less than seven clients competed for his Bewildered Brown, which brought $338,500 (lot 10, est. $80/120,000). Sotheby’s was honored to have Mr. Husain present in the saleroom today on the occasion of his 94th birthday, which the audience celebrated with a round of applause. A group of Indian miniature paintings from the Estate of Dr. Ananda K. Coomaraswamy was led by An Illustration to a Jataka Series: The Sixth Dream of King Pasenadi, which exceeded the pre-sale estimate to bring $88,900 (lot 62, est. $50/70,000).

CHINESE ART
Speaking about Sotheby’s two sales of Chinese Works of Art, Dr. Caroline Schulten, Head of Sotheby’s Chinese Ceramics & Works of Art Sales, North America, said, “We were incredibly pleased with the results of today’s two sales. We saw a high sell-through rate in both sales, reinforcing our strategy of offering clients well-edited sales of high-quality works. In fact, 70% of the lots sold in our various-owner sale achieved prices above the high estimate. While our top buyers in both sales today came from Asia, including Hong Kong, Taiwan and mainland China, we saw active participation and strong underbidding from our European and American clients. We were also excited to see many new collectors from around the world emerging in the market.”

Fine Chinese Furniture, Works of Art and Carpets from the Arthur M. Sackler Collections Leading off the sale of Fine Chinese Furniture, Works of Art and Carpets from the Arthur M. Sackler Collections was a series of approximately 40 lots of Chinese furniture, mostly of huanghuali wood and dating to the 17th and 18th centuries, all of which sold and many of which hammered down at prices far above their estimates. Two clients in the saleroom battled for A Rare and Important Pair of Huanghuali Compound Cabinets and Two-Drawer Stands from the 17th century, sending the price to $1,022,500 (lot 10, est. $120/180,000). A Huanghuali Display Cabinet from the 17th/18th century was sought after by absentee bidders, telephone bidders, and clients in the room, and was ultimately sold to a client in the room for $338,500 – ten times the presale estimate of $25/35,000 (lot 18). No less than four clients in the saleroom and one telephone bidder competed for a Huanghuali Low Table estimated at $8/12,000, which climbed to $194,500 and sold to a collector in the room (lot 24).

Carpets from the Sackler Collections exceeded expectations as well, bringing over $440,000 for the group, well above the pre-sale high estimate of approximately $250,000 and led by a Ninghsia Carpet, West China, which sold for $96,100 (lot 62, est. $25/35,000).

Fine Chinese Ceramics and Works of Art
The sale of Fine Chinese Ceramics and Works of Art was led by a Fine and Large Pale Celadon Jade Vase and Cover, Qing Dynasty, Qianlong Period, which more than tripled its estimate to bring $926,500 (lot 260, est. $250/300,000). A ‘Famille-Rose’ ‘Ladies of the Han Palace’ Lantern-Shaped Vase, Jiaqing Iron-Red Seal Mark and Period from the Collection of Gordon Getty was pursued by multiple bidders in the room and on the telephone, and ultimately purchased by a client in the saleroom for $902,500, far exceeding the pre-sale estimate of $250/350,000 (lot 222). Also among the top lots was a Series of Sets (Lian Huan Tao) painted by Lin Fengmian from the Collection of Monsieur and Madame M. Helle, which sold to a client on the telephone for $818,500, exceeding the estimate of $90/120,000 (lot 175). An auction record was set for a Coromandel Screen when a Twelve-Panel Black Lacquer Coromandel ‘Mansion of Prefect Fenyang’ Screen, Qing Dynasty, Kangxi Period, sold for $602,500 (lot 131, est. $80/120,000). An Important Pale Celadon Jade Brushpot, Bitong, Qing Dynasty, 18th century, which has descended in the family of famed collector Heber R. Bishop, brought $662,500 after a lengthy battle between its purchaser on the telephone and another client in the room (lot 251, est. $300/400,000), and A Rare Large Bronze Figure of an Eleven-Headed and Multi-Armed Avalokitesvara, Ming Dynasty, 17th Century that was formerly in the collection of the Isabella Stewart Gardner Museum in Boston sold for $314,500 (lot 129, est. $200/250,000).





Last Week News

September 18, 2009

Thomas Campbell Visits the Prado and States Possibility for Loan of Reattributed Painting

New Exhibition at the Zentrum Paul Klee Focuses on Klee's Biography

Tate Gallery Anounces Exhibition for 2010 Including First Major Gauguin Exhibition

PINTA, the Annual Latin American Art Fair, will Present 50 Carefully Selected Galleries

Yale Center for British Art Announces Exhibition of Romantic Drawings

Josh Faught Named 2009 Betty Bowen Award Winner

Major Contemporary Public Art Commission to go on Display as Part of Royal Academy Exhibition

Lady Dai Tomb Exhibition to Open at Santa Barbara Museum of Art

Sculpture Missing from Bernard Madoff's NY Beach Home

Exhibition of Limited Editions at the Irish Museum of Modern Art

The Kalamazoo Institute of Arts Received Grant to Digitize Collection

V&A Museum of Childhood to Present and Exhibition From Paul Trevor's Eastender Archive

Durham Bids to be UK City of Culture 2013: The North East's Best Kept Cultural Secret

Vauxhall 48-Hour Road Movie Challenge at Branchage Jersey International Film Festival

The Brunei Gallery to Show Contemporary Indigenous Tapestries by the Fancy Stitch Group

Director and Chief Curator of the Tel Aviv Museum of Art Presents Young Israel Artist Aram Gershuni

Arts Council England Announces Improved Grants for the Arts

SUNY Plattsburgh Finds, Donates Ancient Fossil to New York State Museum

Lucy Mitchell-Innes Appointed President of the Art Dealers Association of America

Construction Scaffold in Downtown Louisville will Become an Interactive Digital Installation

September 17, 2009

Leading Contemporary Artists Donate to "Art for Africa Auction" at Sotheby's London

"Tutankhamun and the Golden Age of the Pharaohs" to Arrive in New York City in April 2010

Caravaggio Masterpiece to Make Rare Chicago Appearance at the Art Institute

The Cleveland Museum of Art Announces Noteworthy Additions to a Distinguished Collection

NGV Announces Ah Xian as Recipient of 2009 Clemenger Contemporary Art Award

Landmark Georgia O'Keeffe Exhibition Opens at the Whitney Museum of American Art

First Ever Tableau Vivant Created by Acclaimed Artist John Baldessari to be Shown at Sprüth Magers

artnet Auctions Launches Prints Masterworks Auction

$250,000 Top Prize Up for Grabs in Michigan Art Event

Portrait of Tommy Lasorda Installed at the National Portrait Gallery

Maura Reilly Named Senior Curator of the American Federation of Arts

Argos Centre for Art and Media and Siemens Arts Program Presents Actors & Extras

Jonathan Darby's New Solo Show "Generation Y?" Opens at Signal Gallery

Factura 2009: The Third International Painting Festival of Villefranche de Lonchat Set to Open

Life and Art of Ron Hurley Celebrated with New Publication and Exhibition

Baibakov Art Projects to be Lead Sponsor of Landmark Kandinsky Retrospective at the Guggenheim

Rare Presentation of More Than 500 Joseph Beuys Multiples On View at LACMA

Art Competition Finalists Explore Australia's Multicultural Identity

Sales of Chinese Art at Sotheby's Total: $15,532,479 Exceeding Expectations

September 16, 2009

Museo del Prado Closes Sorolla Exhibition After Breaking a Ten Year Old Attendance Record

Marlborough Gallery Features Thirty-Three Bronze Sculptures by Russian Born Artist, Grisha Bruskin

More than a Bookstore, Larry Gagosian Opens New Space to Sell Exclusive Works

Artists Create Works About Mary Magdalene Inspired by Met's New Opening Night Production

Portraits of Aspiring Olympian and Teenage Prisoner Make Shortlist for Photographic Prize

Works by Iron Sculptor Paul Wiedmer on View at Museum Tinguely

Forty-Five of the World's Most Prominent Dealers will be Present at Pavilion of Art & Design London

Second Temple Period Stepped Street Discovered in Israel

Explore the Role of Heroes in Society with Over 100 Works of Art

Sixty New York-Based Artists Featured in Exhibition at Museo D'Arte Contemporanea Roma

Bob Dylan to Exhibit at the National Gallery of Denmark

New Art Institute Exhibition Pieces Together Rarely Seen Photocollage Albums

Former Picture Editor of the Liverpool Daily Post & Echo to Open Exhibition

American/Swiss Collaborative Artist Couple Teresa Hubbard and Alexander Birchler Exhibit at Aargauer Kunsthaus

Spencer Museum of Art Showing International Posters for Peace, Social Justice, and the Environment

The Museum of Modern Art Presents the World Premiere of Joan Braderman's The Heretics

Detroit Institute of Arts Big Art Sale October 1 and 2

Two Solo Exhibitions by Ashish Avikunthak and Sakti Burman

Guantanamo Allocation Center: Initiative Dedicated to Relocating the Remaining Detainees still in Custody

Turner Contemporary Wins Government Funding Bid to Help Kickstart The Learning Revolution in Margate

September 15, 2009

Tiffany Exhibition Coming to VMFA in May Opens at Musée du Luxembourg in Paris

A Celebration of Scottish Art at Sotheby's This Autumn

James Cohan Gallery to Present Fifth Exhibition by Internationally Acclaimed American Artist Bill Viola

Wolfgang Laib's Without Place-Without Time-Without Body to be Installed at The Nelson-Atkins Museum

Nominees for the National Gallery Prize for Young Art 2009 Show their Works at Hamburger Bahnhof

Arte Laguna Art Prize, the Future of Contemporary Art

50 Acclaimed Artists Give Away their Works for Free in the Last Ever Free Art Fair

Farnsworth Launches Andrew Wyeth Memorial Endowment Campaign

First Monographic Exhibition of Works by Guercino Opens in Switzerland

Actor Robbie Coltrane Portrayed by Peter Howson in Painting to be Offered at Sotheby's in September

Latest Furniture Series by British Designer Max Lamb to be Shown at 20 Hoxton Square Projects

Significant Exhibition of Ansel Adams Comes to the Columbia Museum of Art

Norman White, Winner of the 3rd d.velop Digital Art Award, to Open Exhibition in Germany

Marilu Knode Begins Tenure as Laumeier Sculpture Park Executive Director

50 Artists Who Cut, Burn, Tear, and Shred Paper to Create Compelling Sculpture, Installation, and Video

U.S. Immigration and Customs Enforcement Returns Prehistoric Fossils to China

21c Museum Commissions a Massive Site-Specific Installation to be Presented Free of Charge in Downtown Louisville

"Wild Ocean 3D" to Debut at the National Museum of Natural History's Johnson Imax Theater Oct. 2

Philadelphia Museum Opens New Sculpture Garden to the Public

September 14, 2009

Exhibition of Works of Art by Joan Antoni Toledo, Founder of Equipo Cronica, Opens

International Group Exhibition Presents the Work of Six Prominent Rising Artists

Pakistani Artist Farida Batool Presents New Works in Her First Solo U.S. Exhibition at Aicon

Camera Work Gallery Presents Works by French Photographer Jean-Baptiste Huynh

Italian Photographer Benno Graziani's Iconic Photographs on View at Hamiltons Gallery

Lanxess Commissions Unnatural Rubber Exhibition with Warhol Museum

October Gallery to Present Romuald Hazoumé's "Made in Porto-Novo"

Nassau County Museum of Art to Present Norman Rockwell: American Imagist

Japanese Art Dealers Association Members Present Exhibitions During New York City Asian Art Week

Cheekwood Museum Celebrates its 50th Anniversary in 2010

Crush, the New Photographic Installation by Paul Kooiker, on View at Museum Boijmans Van Beuningen

A Work of Art at the University of Leicester has Captured in Time the Human Tragedy of the 9/11 Atrocity

Plains Art Museum Holds Retirement Reception for Sue Petry

Illustration from Myrtle Beach Art Museum Exhibit Traveling to New York

The Museum of Contemporary Photography Presents Robert Adanto's The Rising Tide

Design 21 Announces Call for Entries for UNESCO's Dream Center Logo Competition

Mumbai will be Hosting the Celebrated Indian Contemporary Art Expo

Arts Leaders Join U.S. Rep. Olver at Norman Rockwell Museum to Highlight Arts Sector's Role in Economic Recovery

The School of Visual Arts Presents a Panel Discussion Theory and Practice: Aporias of Perfection

September 13, 2009

Palace of Versailles Opens its Doors to Xavier Veilhan's Contemporary Sculptures

MoMA Presents Focused Exhibition of Claude Monet's Late Paintings of Water Lilies and His Pond

Over 85 Leading Contemporary Artists Donate Work for Children's Cancer & Blood Foundation Auction

Antony Gormley Returns to Show His Works at Xavier Hufkens in Brussels

Lightcatcher at Whatcom Museum Opens to the Public in November

The Civil Rights Struggle, African-American GIs, and Germany to Open at the Palmer Gallery

National Gallery of Canada Continues its Support for Advanced Research

Four East Bay Cities Team Up in Nationally Unprecedented Arts Collaboration

Latin America: A Theme Auction to be Held at Phillips de Pury & Company in New York

Exhibition of Critically Acclaimed Long Form Comic Books set to Open at the Toledo Museum of Art

Free Learning for All at Museum of London's New Clore Learning Centre

Alberto Gaitán's Remembrancer on View at the Taubman Museum of Art

Equinox Petroglyph Project Exhibition Opens at The Tides Institute

Youth in Uniform: Selections from the Gift of Steven Heller on View at the Wolfsonian

Delaware Art Museum Announces Highest August Attendance Since 2005 Opening

Pacific Asia Museum will Open Calligraffiti: Writing in Contemporary Chinese and Latino Art

First Exhibition to Explore Leonardo's Significant Role in Renaissance Sculpture to Open at the High

Edinburgh College of Art Takes Over the Streets As Term Starts Back

MoMA Presents a Conversation Between Jazz Impresario George T. Wein and Peter Reed

Most Popular Last Seven Days



1.- Image of a Christ without a beard, short hair and wearing a toga unearthed in Spain

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3.- Bonhams sale of 18th century French decorative arts to benefit Fine Arts Museums of San Francisco

4.- Paris flustered by erection of 'sex-toy' sculpture; Paul McCarthy slapped by a passer-by

5.- High art or vile pornography? Marquis de Sade explored in Orsay museum exhibition

6.- 'Cubism: The Leonard A. Lauder Collection' opens at the Metropolitan Museum of Art

7.- Greek culture minister says Elgin Marbles return a matter of 'global heritage'

8.- Vandals deflate Paris 'sex-toy' sculpture by American artist Paul McCarthy after outrage

9.- Exhibition at National Gallery in London explores Rembrandt's final years of painting

10.- 'Hans Memling: A Flemish Renaissance' opens at the Scuderie del Quirinale in Rome



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