The First Art Newspaper on the Net   Established in 1996 United States Sunday, April 30, 2017


Sotheby's 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 5, 2011

Musée d'Orsay in Paris Presents Edouard Manet: The Man Who Invented Modernity

Musee Du Quai Branly Presents Exhibition on Dogon Culture and Art History

Masterful Works to Go on Auction at Christie's Russian Art Sale in New York in April

Mughal Masterpiece: Portrait of Emperor Jahangir Sells for £1.4 Million at Bonhams

Inland Architect Image Database Now Available on Art Institute of Chicago Website

Government of China Detention of Contemporary Artist Ai Weiwei Tests Depth of Crackdown

"Max Penson: Photography between Revolution and Tradition" on View at Nailya Alexander Gallery

'Deadly and Brutal' Film Posters from Ghana on View at The International Design Museum Munich

Tate Britain Presents Renowned British Architect James Stirling: Notes from the Archive

Picasso Loan to Palestinian Art Academy Suffers Complicated Obstacles

A Hard, Merciless Light: The Worker-Photography Movement, 1926-1939 at Reina Sofia Museum

In New Book Jenness Cortez Reexamines the Classic Paradox of Realism

Banksy Images Created on Third Anniversary of Hurricane Katrina to Sell at Bonhams

Virginia Museum of Fine Arts Names Frank Raysor "Collector of the Year"

Russian Artist Anatoly Pastyrev Spends a Small Fortune to Pay Tribute to Queen

Boca Raton Museum of Art in Florida Names Steven V. Maklansky as New Director

Swann Galleries' African Americana Auction was Best Sale of this Material to Date

Exhibition of Portraits of Designer and Icon Diane von Furstenberg at Pace Gallery in Beijing

Rare 1914 Brooklyn Oil Painting By Kentucky Impressionist to Be Auctioned

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 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 Sculpture Parks, Storm King Art Center, Now Open

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

Bonhams to Sell Outstanding Private Collection of Archibald Thorburn Paintings

Gold Rarities Highlight $20M+ Central States Event from Heritage Auctions

Eisenhower Presidential Museum Exhibits Rare Copy of Declaration of Independence

Most Popular Last Seven Days



1.- Builders find lost archbishops of Canterbury in London's St Mary's-at-Lambeth crypt

2.- Egyptian archaeological team discovers mummies in ancient tomb near Egypt's Luxor

3.- Artium, Basque Contemporary Art Centre-Museum presents PIGS

4.- British treasure found in piano

5.- Celebrated Polish sculptor and fiber artist Magdalena Abakanowicz dies at 86

6.- The Met reunites Caravaggio's last two paintings in exhibition

7.- Intuit celebrates Henry Darger's 125th birthday with new exhibition

8.- Exhibition delves into the manner that melancholy is represented in Mexican art

9.- Exhibition of early photographs of Bob Dylan opens at Steven Kasher Gallery

10.- The 21st Biennale of Sydney (2018) announces first 21 artists for its 45th anniversary exhibition



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


Royalville Communications, Inc
produces:

ignaciovillarreal.org avemariasound.org juncodelavega.com 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
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful