The First Art Newspaper on the Net Established in 1996 United States Wednesday, November 26, 2014


"Father of Indonesian Modernism" - S. Sudjojono's A New Dawn Sold for an Impressive US$1.4 Million at Sotheby's
Other artist records were set for works by Indonesian artists including Gede Mahendra Yasa, Ay Tjoe Christine, Samsul Arifin, Hendra Gunawan and Filipino artist Andres Barrioquinto, among others. Photo: Sotheby’s.
HONG KONG.- Following the tremendous success of the Spring sale, Sotheby’s Autumn sale of Modern and Contemporary Southeast Asian Paintings today commanded a stunning total of HK$78 million / US$10 million (high estimate: HK$45 million / US$5.7 million*), the highest sale total for a various owners sale in this category at Sotheby’s Hong Kong. Today’s sale provoked active participation in the room and over the phone. There was particularly strong interest in top-end Southeast Asian contemporary paintings, which led to two auction records set for two artists - S. Sudjojono, Father of Indonesian Modernism, and Filipino artist Ronald Ventura.

S. Sudjojono’s A New Dawn sold for HK$10.7 million / US$1.4 million (high estimate: HK$2.5 million / US$322,000*) to a phone bidder after a few minutes of intense competition. Ronald Ventura’s contemporary work – Natural-Lies - spurred over 30 furious bids from not less than 5 bidders and eventually fetched HK$2.5 million / US$326,000, over nine times its high estimate (HK$280,000 / US$36,100*). The majority of the works in today’s sale fetched multiple times their pre-sale estimates.

MOK Kim Chuan, Sotheby’s Head of Southeast Asian Paintings, commented: “Top end Contemporary works fetched strong prices today with many pieces bringing multiples of their pre-sale high estimates. Among Modern works, the supreme highlight was the S. Sudjojono, a museum-quality example of the artist’s work which spurred a fierce bidding battle among nine bidders before selling for HK$10.7 million, a price which was four times the top estimate and set a record for the artist at auction. These results confirm the strategy of using conservative estimates to attract competition and let the market set the price level.”

The sale of 20th Century Chinese Art and Contemporary Asian Art continue in the afternoon.

* Estimates do not include buyer’s premium





Today's News

October 4, 2010

Master of Abstract Painting Pierre Soulages and His Retrospective at the Martin-Gropius-Bau

Exceptional Painting by George Stubbs to Be Offered for Sale at Sotheby's London in December

A Life-Size Bronze Sculpture by Henri Matisse Could Fetch $35 Million at Auction

La Belle Romaine to Lead Sotheby's November 2010 Impressionist & Modern Art Evening Sale

Exhibition at the Museo Picasso in Malaga Explores the Toys of the Avant-Garde

First Solo Display of Work by Photographer Mary McCartney at the National Portrait Gallery

Chinese Collectors Smash Estimates At Sotheby's Contemporary Asian Art Auction In Hong Kong

"Father of Indonesian Modernism" - S. Sudjojono's A New Dawn Sold for an Impressive US$1.4 Million at Sotheby's

Muhammad Ali Memorabilia to Raise Over £7K for Parkinson's United Kingdom at Bonhams

Inverted, Upside-Down, Contorted: Mirror Images in New Exhibition at Phæno in Wolfsburg

Cassatt, Picasso and Munch Highlighting Christie's October Prints & Multiples Sale

Painting by Marc Chagall Breaks Record at Seoul Auction's Modern and Contemporary Art Sale

Fine Art Asia 2010: A Bridge between Tradition and Modernity, East and West Returns for 6th Edition

Scotland + Venice Announces Karla Black to Represent Scotland at 54th Venice Biennale

MAXXI Museum in Rome by Zaha Hadid Architects Wins the RIBA Stirling Prize 2010

Gregory Crewdson's Latest Photographic Series "Sanctuary" at Gagosian Gallery

Sean Branagan Adopts LCD Screens for New Show at Gooden Gallery

Exhibition of Major Works by Belgian Artist Marcel Broodthaers at Michael Werner Gallery

Recent Oil Paintings by Los Angeles Artist Josh Dov on View at Brian Gross Fine Art

Museum of Fine Arts Celebrates Arte2010 with Exhibition from the Collection

SK Stiftung Kultur in Cologne Presents 160 Works of Art Made by Joachim Brohm

Exhibition at the Museum of Modern Art Explores the Role of Contemporary Architecture

Broad Survey of Abstract Expressionism Draws from MoMA's Renowned Collection

Take a Look Behind the Scenes, Behind the Canvas and Behind the Paint at the Currier Museum of Art

Hammer Museum Presents Mark Manders: Parallel Occurrences / Documented Assignments

George Sherwood's Wind Orchid Ushers in Kinetic Waves of Energy at the Katonah Museum of Art

Once Every Four Years, Moderna Museet Presents an Overview of Swedish Contemporary Art

Archaeologists in Egypt have Unearthed the Upper Part of a 3,400-Year-Old Granite Statue

Some 70 Art Galleries from the UK and Around the World to Exhibit at the 12th Annual Art London

Comic Book Collector Learns Fine Art of Letting Go

Most Popular Last Seven Days



1.- Greece holds breath as skeleton found in Alexander the Great-era tomb at Amphipolis

2.- Spain mourns the death of art collector Cayetana Fitz-James Stuart, Duchess of Alba

3.- Meet the ancestors: Exhibition at Bordeaux gallery reveals faces of prehistoric humans

4.- Getty Foundation and partners launch free of charge online art collection catalogues

5.- Historic photos of dead Cuban revolutionary Che Guevara resurface in small Spanish town

6.- Exhibition showcases the first two 'Poesie' created by Titian following their restoration

7.- O'Keeffe painting sells for more than three times the previous world auction record for any female artist

8.- Crystal Bridges announces the departure of museum President Don Bacigalupi

9.- artnet Auctions offers a later example of Yayoi Kusama's important Infinity-Nets series

10.- 'Degenerate art' should go back to museums: German advisor Jutta Limbach



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site