The First Art Newspaper on the Net   Established in 1996 United States Friday, September 30, 2016


Indonesia to Auction Ancient Shipwreck Treasure
Empty chairs of auction participants are pictured during an auction of ancient treasures worth a total of 80 million US dollars salvaged from a 1,000-year-old shipwreck in Jakarta, Indonesia, 05 May 2010. The auction of treasure salvaged from a sunken 10th-century Chinese ship off Indonesia's Java island yielded no bids on 05 May 2010. Organizers had hoped to raise 80 million dollars for the 271,000 items, which included pearls, gold jewellery, Iranian glassware and Chinese ceramics. A 16-million dollar deposit was required by the Indonesian government to bid. EPA/MAST IRHAM.
JAKARTA (REUTERS).- Indonesia will auction on Wednesday a 10th century treasure trove worth an estimated $80 million which was salvaged from a Chinese shipwreck off the island of Java about five years ago.

Gold jewelry studded with rubies and sapphires as well as Chinese porcelain are among the 271,000 items that will go under the hammer at a government auction house in Jakarta, an official said.

"Ceramics account for about 90 percent of the findings," Aris Kabul, the secretary of the auction committee, told Reuters.

The shipwreck was found 90 miles off Cirebon, in West Java, following a tip-off from local fishermen in 2004 and it took 30 divers and some 22,000 dives to recover the treasure.

About 20 companies and individuals have shown interest in the auction, said an Indonesian fisheries ministry official, Sudirman Saad.

"Most have come from Beijing, although there is also the National Museum of Singapore," Saad said.

Saad said that despite expressing interest, no one had paid the $16 million advance money until the deadline on Tuesday. Under government rules, a bidder must deposit 20 percent of the total estimated value to join the auction.

Under the rules, the government can sell directly to auction houses or museums after three auctions.

The Indonesian government has agreed to split the money with a private salvage company which helped recover the treasure. If you're planning a visit soon you can always find all your accommodations needs via Expedia for a pleasant stay.

(Reporting by Olivia Rondonuwu, Pipit Prahoro and Johan Wijaya ; Editing by Sugita Katyal)

Indonesia | Ancient Shipwreck Treasure | Sudirman Saad |





Today's News

May 6, 2010

Sotheby's May 2010 Evening Sale of Impressionist and Modern Art Brings $195 Million

After Forty Years, Lisson Gallery Revisits John Latham's First Solo Exhibition

Christie's Impressionist and Modern Art Sales Series Totals $360 Million

Karola Kraus is the New Director of the Museum Moderner Kunst Stiftung Ludwig

MoMA to Host Symposium "Art Institutions and Feminist Politics Now"

Edward Kienholz's Renowned Installation Roxys, 1960-61 at David Zwirner

America's Mayor: John V. Lindsay and the Reinvention of New York

Paintings and Works on Paper by Reeve Schley at James Graham & Sons Gallery

AIA Selects 18 Recipients for the 2010 Housing Awards

British Museum Opens Exhibition of The Printed Image in China

Work by Celebrated Designer Wendell Castle at Barry Friedman Ltd.

The Glasgow School of Art Announces New Chairman of the Board of Governors

Exhibition and Symposium Celebrate Marcel Duchamp's Last Great Masterpiece

Archaeological Finding Confirms Ixcateopan Produced Cotton

Brazilian Photographer Bruno Cals to Exhibit at New Gallery

Imperial War Museum London Appoints Master Planners

Indonesia to Auction Ancient Shipwreck Treasure

Pop-Up Art Exhibition Presented by Bicker Gallery in Sydney

Thieves Steal 11 Bronze Statues in Iran's Capital

Most Popular Last Seven Days



1.- Stone Age mummy Oetzi still revealing secrets, 25 years on

2.- Tunisian remains found by British researchers prove 100,000-year human presence

3.- Rembrandt's four earliest paintings reunited for the first time at the Ashmolean

4.- Baltimore Museum of Art is one of only two major U.S. museums to feature an installation by transgender artists

5.- Archaeologists find 2,000-year-old human skeleton at Mediterranean shipwreck

6.- Digitally unwrapped scroll reveals earliest Old Testament scripture

7.- Rich London residents angry over Tate Modern voyeurs

8.- V&A Museum chief quits to fight nationalism post-Brexit

9.- Exhibition in Turin celebrates the most important family of Flemish artists

10.- Pointillism is now the focus of a high-calibre exhibition at the Albertina in Vienna



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