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Auction Results
Marion Maneker1March 19, 2013

Chinese Ceramics Frenzy Returns to Sotheby’s with $2.25m Ding Bowl Sale

Sotheby's 8974 Lot 94 rare and important ding bowl

Sotheby’s Chinese Ceramics sale in New York had some serious action which the press department is very eager to tell you about:

This morning, in a packed salesroom at Sotheby’s a Chinese bowl purchased from a New York state tag sale for no more than $3 sold for $2.23 million. The Rare And Important ‘Ding’ Bowl Northern Song Dynasty measuring just 5 inches in diameter was sought by four bidders in the room and on telephones in the opening session of Sotheby’s Fine Chinese Ceramics and Works of Art auction in New York. After a prolonged battle, the piece sold to the legendary London dealer Giuseppe Eskenazi for $2,225,000, many multiples of the $200/300,000 estimate.

The ‘Ding’ bowl was bought for a few dollars from a tag sale near the consignor’s home in the summer of 2007.  At the time, the purchaser had no idea that they had happened upon a thousand year-old treasure.  The bowl was displayed in the living room of the family’s home for several years, until they became curious about the value and contacted experts in the field of Chinese Art.

The bowl is a remarkable and exceptionally beautiful example of Song pottery, celebrated for its thin potting, fine near-white body, and ivory-colored glaze. The only known bowl of the same form, size and almost identical decoration has been in the collection of the British Museum in London for over 60 years having been bequeathed to the museum by the prominent British collector Henry J. Oppenheim in 1947. Song Ceramics are increasingly sought after by Chinese Art connoisseurs and this was just one of a number of strong prices achieved for examples of these works in the sale.

Auction Results
Marion Maneker0January 14, 2013

Record-Setting Chinese Vase Finally Transacts ~$40m or Half Original Price

Bloomberg’s Scott Reyburn brings some closure to the long-running tale of the Chinese vase found in a British home that was bid furiously to $80+ million only to have the buyer get cold feet and fail to pay. Considering the number of doubts surrounding the authenticity of the vase (whether it was a later copy, not a fake), the £20-25m price reported is still a huge win for the sellers:

The owners, a retired solicitor called Tony Johnson and his mother Gene, waited two years for a resolution. They have now sold the vase to another buyer for an undisclosed price between 20 million pounds and 25 million pounds, said a person with knowledge of the matter.

The private transaction was brokered by the London-based auction house Bonhams. The vase has now been exported. The new owner has been identified by dealers as an Asian collector.

Chinese Vase Resold for Less Than Half $83 Million Record (Bloomberg)

Auction Results
Marion Maneker1June 01, 2012

Stingy Sellers Strangle Chinese Ceramics Market, Curiel Says

The Financial Times checks in on Christie’s Hong Kong sales where they find lots of heat on wine and diamonds but little left for Chinese ceramics. What gives? the FT asks.

It’s the sellers. The reserve prices for some items were set too high on the vendors’ insistence, says François Curiel, President of Christie’s Asia. This may well have been the case for Wednesday’s sale of imperial Chinese ceramics and works of art, where over a third of the lots were left unsold.

These tend to be long-term owners who would have wanted to hang on to their collections if prices hadn’t gone up so much in recent years, says Mr Curiel.

There’s another problem with vendors, he says. It has become more difficult to convince collectors to part from their treasures, which explains the sharp drop in sales volume. “There are fewer lots for sale because of market uncertainties. People don’t know where to invest their money if they sell. Those with no specific investment plans will hang on to their collections today,” says Mr Curiel. The five-day sales yielded US$351.7m compared with last year’s US$515m.

Weak Art Market? Blame the Sellers (Financial Times)

General
Marion Maneker0April 12, 2012

Qi Baishi Continues a Roll with $2.3m sale for 5 Scrolls

The scholar Wen Tsan Yu’s collection was sold at Kaminski in Massachusetts last month where the Qi Bashi paintings made stellar prices:

Five 20th century Chinese paintings by Qi Bashi sold at Kaminski’s March Fine Asian Art and Antique Sale for a $2.3 million dollars. All five paintings were 20th century scroll paintings of ink and color on paper, signed and sealed Qi Bashi and dedicated by the artist to “Yu San,” Wen Tsan Yu with the collector’s personal seal.

Wen Tsan Yu was raised in China and later became a professor at Peking University. He graduated from the University of Chicago in 1916 with a Ph.B, and from Harvard University in 1919 with a LL.B. The family’s maternal great grandfather was Moy Toy Ni, (Charlie Toy) who came to the United States in the late 1800s and settled in Milwaukee. He was widely known as “Chinese Rockefeller” in the early 20th century. Paintings in this collection had been in the family for over 50 years.

Kaminski sells Chinese art collection for $2.6M (Live Auctioneers)

Auction Results
Marion Maneker0April 04, 2012

Sotheby’s Sets Song Ceramics Record in Hong Kong

Nicholas Chow of Sotheby’s basks in the glow of his record HK$208m ($26.7m) Ru sale:

“This is the most fabled Chinese ceramic ever to come at auction,” he said at a news conference. “This is the fantasy of all collectors.”

Four telephone bidders and two buyers in the room battled for several minutes before the hammer went down to a room full of applause. The winner, an unidentified telephone bidder paid more than twice the presale high estimate of HK$80 million.

The previous highest price for a Song ceramic was set by Sotheby’s in 2008 when a “Guan” Mallet Vase sold for HK$67.5 million.

Auction Results
Marion Maneker0March 22, 2012

Christie’s Blumenfield Collection (Highlights)

Auction Results
Marion Maneker0March 22, 2012

Sotheby’s NY Asia Week Update

Auction Results
Marion Maneker0March 21, 2012

Bonhams Asia Week Results

March 19

Indian, Himalayan and Southeast Asian

Sale total $3,203,225

91.67% sold by lot

*Auction world record achieved for Indian artist Bagta “Rawat Gokal Das celebrating holi in the zenana” sold for $302,500 (pre-sale estimate $30,000 – 50,000)

March 20

Fine Chinese Snuff Bottles

Sale total $1,022,900

98.25% sold by lot

Fine Japanese Works of Art

Sale total $1,485,188

74.92% sold by lot

Auction Results
Marion Maneker0March 20, 2012

Sotheby’s Chinese Works of Art = $20.7m

Auction Results
Marion Maneker0March 20, 2012

Freeman’s Sells Ming for 100x Estimate

It’s Asia Week, time for some spectacular prices for under-estimated objects like this Ming Vase that Freeman’s sold for $1.54m after a bidding war. Perhaps the Chinese collectors might call ahead and let the auction houses know what works they’ll fasten on next:

a Chinese Ming Dynasty gilt bronze and cloisonné covered jar sold this afternoon for $1.54 million.  The massive jar (21 ½ inches in height and 16 ½ in diameter) was subject to heated competition among more than a dozen bidders from the room, phones and internet before selling to a Chinese bidder in the room.

Freeman’s

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