The First Art Newspaper on the Net Established in 1996 United States Wednesday, July 29, 2015

Ravenel Taipei Modern and Contemporary Asian Art Auction realizes US$ 14 million
Shiy De-Jinn’s Self-Portrait sells for NT$ 22.8million/ US$ 770,000 (Est: NT$ 4.5 – 7.5million/ US$ 150,000 – 250,000). The artist’s world auction record, 5 times the stimate.
TAIPEI.- Ravenel’s Modern and Contemporary Asian Art Auction concluded with a grand round of applause in Taipei today, totaling NT$420 million/ US$14 million, whereas the whole spring auction series realized NT$ 830 million/ US$ 27.7 million.

“Special Auction of Works by Shiy De-jinn From His Close Friend's Collection of 30 Years” was 100% sold by lot, totaling NT$ 86,472,000/ US$ 2,917,400 (Est: NT$24,840,000/ US$ 828,060). Shiy De-jinn’s Self Portrait kindled a heated round of biddings on the scene. Beginning with NT$ 3.8million, a bidder at the floor placed an 8-million bid on 4.5million. After 17 aggressive attempts, the lot hammered at NT$ 19million, and sold for NT$ 22.8million/ US$ 770,000 with buyer’s premium (Est: NT$ 4.5-7.5million/ US$ 150,000 – 250,000). Selling at 5 times of its estimate, the current lot set the artist’s new world auction record. To date, only four oil paintings are known as his self-portraits. One was made when he taught at Chiayi High School at the age of 28 (1951), two were painted when he turned 40 (1963), and another was accomplished when he was about 50 (1972). The current lot is a rare example of the earliest piece of Shiy's oil self-portraits oeuvre.

Another highlight belongs to Shiy De-jinn’s Wu-ling. Starting with NT$1.6 million and after 22 competitive attempts, the lot eventually hammered at NT$6.5 million. With buyer’s premium, the lot sold to an overseas telephone bidder for NT$7.8 million/ US$260,000, three times of the estimate (Est: NT$2-3 million/ US$ 70,000-100,000), setting the new world auction record of the artist’s ink and color series.

Zhou Chunya’s Stone Series championed the sale of the day (Est: NT$20 - 38million/ US$670,000 – 1.27million). Beginning at NT$17 million, the lot achieved NT$24 million after seven bids, and sold for NT$ 28.8million/ US$ 970,000 with buyer’s premium.

Ms. Flora Fu, President of Ravenel’s Art Department, commented: “We are properly honoured and pleased to have Mr. L, Shiy De-jinn’s close friend, consign us a series so precious that it never appeared on the auction market before. The auction today was delightfully dynamic and heated, illustrating the recognition of Taiwanese Artists in the current market, with very keens bids from the floor, as well as phone bids from Taiwanese, Singaporean, Chinese and international buyers.”

*Estimates do not include buyer’s premium

Today's News

June 3, 2013

"The Encyclopedic Palace": Harsh world on display at 2013 Venice Biennale art festival

King Tut royal seal mold among ancient artifacts in Antiquities Saleroom's June 13-14 auction

New exhibition at Levis Fine Art features works solely from the estate of Beauford Delaney

Mexico's National Institute of Archaeology and History announces Mural Painting Conservation Project

Works by Romuald Karmakar, Santu Mofokeng, Dayanita Singh, and Ai Weiwei featured in German pavilion

Polish Art Now: An exhibition of Polish Contemporary art opens at The Saatchi Gallery

17th century Carrick-on-Suir gold coin hoard goes on display at the National Museum of Ireland

Ravenel Taipei Modern and Contemporary Asian Art Auction realizes US$ 14 million

New exhibition devoted to young contemporary creation opens at the Centre Pompidou

Grogan & Company celebrates twenty-five years with auction to be held on June 16th

Exhibition of photographic works by ten Nigerian artists opens at Skoto Gallery

Two U.S. Model Colt Gatling guns expected to bring $100,000+ each at Heritage Auctions

Future Woman: Lawrence Ferlinghetti opens exhibition at George Krevsky Gallery

Solo exhibition of celebrated artist Yehudit Sasportas at the Israel Museum

Typewriter aficionados in United States rewrite history, slowly

Projected: An exhibition of digital and video artwork opens at David Richard Gallery in Santa Fe

A new series of work by John Simpson presented at The Hoxton Gallery

RM Auctions announces spectacular Laidlaw competition car collection for London sale

Santa Monica Museum of Art presents "Marco Rios: Anatomy of an Absent Artist"

"Black Bodies in Propaganda: The Art of the War Poster" opens at the Penn Museum

Most Popular Last Seven Days

1.- New York's Eric Edwards, who owns a $10 million collection, works to open African art museum

2.- Two thousand year old ritual bath found during renovations in private house in Jerusalem

3.- Klimt and the Ringstrasse: A Showcase of Grandeur opens at the Belvedere in Vienna

4.- Sotheby's London unveils masterworks from the collections of Castle Howard

5.- Most comprehensive exhibition on Van Dyck as a portraitist to be shown at the Frick in 2016

6.- Huge new record for masterpiece by Cranach the Elder at Sotheby's sale in London

7.- Spanish treasure from 17th century ship that sank off Florida on sale in New York

8.- Rodin sculpture stolen in $1 million Beverly Hills home invasion recovered after 24 years

9.- Prague-born writer Franz Kafka papers belong to Israel national library: Israeli court

10.- Sotheby's to offer 15th century marriage ring unearthed with metal detector

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, .


Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez
Social Network Manager and Translator: Norma Cristina Pérez Ayala Cano
Special Contributor: Liz Gangemi - Marketing: Carla Gutiérrez
Contributing Editor: Carolina Farias - Special Advisor: Carlos Amador

Royalville Communications, Inc
Founder's Site. The most varied versions
of this beautiful prayer.
to a Mexican poet.

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