The First Art Newspaper on the Net Established in 1996 United States Tuesday, September 30, 2014


Sotheby's HK Spring 2011 Sales of Modern and Contemporary Southeast Asian Paintings Totals US$13.8 Million
Numerous Artist Records Set Including Andres Barrioquinto, Samsul Arifin, Nguyen Gia Tri and Indieguerillas. Photo: Sotheby's.
HONG KONG.- Sotheby’s Spring 2011 sale of Modern and Contemporary Southeast Asian Paintings today fetched a stunning total of HK$108 million / US$13.8 million, tripling pre-sale estimate (HK$36 million / US$4.6 million*). The sale set the world record for any Contemporary Southeast Asian Painting at auction and for the artist, when the thought-provoking piece – Grayground by Filipino artist Ronald Ventura sold for HK$8.4 million / US$1.1 million. There was strong interest in important and top quality artworks, proved by active participation in the room and over the phone throughout the sale, which led to numerous artist records, including Hendra Gunawan, Andres Barrioquinto, Samsul Arifin, Nguyen Gia Tri and Indieguerillas.

MOK Kim Chuan, Sotheby’s Head of Southeast Asian Paintings said, “Today’s total of HK$108 million set a record for a sale of Southeast Asian Paintings at Sotheby’s, established numerous artist records, and proves that quality pieces fresh to the market continue to be coveted. Our strong results both for established names and for younger artists making their first appearance at auction demonstrate a market in a healthy state of expansion. The top price of HK$16,340,000 paid for Indonesian artist Hendra Gunawan’s Penari Ular (Snake Dancer) came after an extended bidding battle and was many multiples of the pre-sale estimate, setting a record for the artist. The most extraordinary bidding competition of the day was for Filipino artist Ronald Ventura’s Grayground, a tour de force of hyperrealism and graffiti, was competed for by at least 15 bidders before selling for HK$8,420,000, over 24 times its high estimate, setting a record for the artist and for any Contemporary Southeast Asian Painting at auction. These prices and others, such as the HK$275,000 paid for A Song for Alice by Jon Jaylo (est. HK$60,000) who was making his first appearance at auction, show the value of auction for top pieces. Our debut photography/new media session was well received, and our collecting base is growing with younger collectors entering and competing for new media pieces.”

Bidding opened at HK$300,000 and after around 50 furious bids, Grayground eventually sold at an astonishing price at HK$8.4 million / US$1.1 million, which is over 24 times its high estimate to a phone bidder. (The previous record for Contemporary Southeast Asian Painting was achieved by Sotheby’s Hong Kong when I Nyoman Masriadi’s The Man from Bantul (The Final Round) sold for HK$7,820,000 / US$1,000,725 in October 2008).

Top lot of the sale, Hendra Gunawan’s Snake Dancer (Penari Ular), sold for HK$16.3 million / US$2.1 million (high est. HK$2.2 / US$283,000), setting world record for the artist at auction. The price leaped from a starting offer of HK$800,000 to HK$7 million in the first minute and eventually fetched HK$16.3 million after intense bidding, over seven times its high estimate (HK$2.2 million / US$283,000).

The sale of Fine Chinese Paintings will continue tomorrow at 10am at the Hong Kong Convention and Exhibition Centre.

* Estimates do not include buyer’s premium





Today's News

April 4, 2011

Dogancay, Ceylan and Orhon Headline Sotheby's Sale of Contemporary Turkish Art

Reconsidering Bouguereau: An Artistic Revolution at Hirschl & Adler Gallery in New York

In an Unusual Incident, Woman Attacks Paul Gauguin Painting at National Gallery in Washington

Giant, 35,000 Pound Yellow Teddy Bear by Artist Urs Fischer to Brighten New York City

Sotheby's HK Spring 2011 Sales of Modern and Contemporary Southeast Asian Paintings Totals US$13.8 Million

Images of Passengers Traveling on the Paris Métro by Chris Marker at Peter Blum

Sotheby's To Offer Another Masterpiece by Sir Lawrence Alma-Tadema

One of the World's Most Distinguished and Best-Loved Sculpture Parks, Storm King Art Center, is Now Open

Exhibition at the National Gallery of Victoria Presents Creative Responses to the Experience of Water

Bonhams to Sell Outstanding Private Collection of Archibald Thorburn Paintings

Chinese Contemporary Primary Market Confidence Indicator Rose Whopping 28% Since September

Isabella Stewart Gardner Museum Returns Tapestry Room to Its Original Glory and Configuration

Gallery and Historic Houses Unite to Celebrate Great Portraits from Victorian and Edwardian Britain

Vancouver Art Gallery Looks Anew at New Media by Three Remarkable Artists

Corrugated Fountain: A New Sculptural Installation by James Grashow at Allan Stone Gallery

El Greco Masterpiece is a Vision at Dulwich Picture Gallery

Offering of The Ullens Collection Sets A Record for a Single-Owner Sale of Contemporary Chinese Art at Auction

Sculpture Made from Speed Bags & Five Miles of Cable Aims to Be Ultimate Tribute to Muhammad Ali

Film Clips that Established the Reputation of American Artist Bruce Conner at Kunsthalle Zurich

China Blocks Well-Known Artist Ai Weiwei from Boarding Plane to Hong Kong

LACMA Presents First Ever Thematic Exhibition of Renowned American Sculptor David Smith

Seventy-Two Years After the Nazis Arrived, Restored Renaissance Synagogue to Reopen in Poland

Sotheby's Spring 2011 Sales of Two Private Wine Collections Achieve a Combines Total of US$17.5 Million

High Museum Partners with MOCA GA to Host Exhibition of Paintings and Drawings by Georgia Artists

Classical Art Returns to VMFA: Expanded Gallery Reopens with a New Installation

One Hundred Masterpieces from the Städel Museum at Rome's Palazzo delle Esposizioni

The Herbert Acquires New Works for their Peace and Reconciliation Collection

Most Popular Last Seven Days



1.- Fever mounts as stunning statues found at Alexander The Great-era tomb

2.- Hi-tech underground scans reveal vast complex of monuments at Britain's Stonehenge

3.- National Geographic Museum opens exhibition featuring shark-munching Spinosaurus

4.- First major New York City exhibition to explore Vienna Actionism opens at Hauser & Wirth

5.- Elizabeth I 'airbrushed' for 18th century make-over and a bug is found in Edward VI

6.- Award winning Swedish director Daniel Fridell to direct Kalliope Films' Vincent Van Gogh biopic

7.- Comprehensive retrospective exhibition of Joan Miró's work opens at the Albertina

8.- Synchrotron radiation technology in art conservation: Science to the rescue of art

9.- Mona Kuhn's first solo exhibition in the US opens at Edwynn Houk Gallery

10.- Sotheby's announces details of its sales series for Property from the Collection of Mrs. Paul Mellon



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