Asian Antiques Week

Qing Dynasty Low-back Armchairs at Sotheby's

Qing Dynasty Low-back Armchairs at Sotheby's

Not only US economy need China to keep buying debt that helped alleviate the burden, but also auction houses enjoyed a soothing week when large quantity of Asian antiques are auctioned this week including Freeman’s, Doyle, Bonhams, Christie’s and Sotheby’s. Apparently there is no accident in the sensational sale of the QianLong procelain vase at Doyle. Today comes the good news from Sotheby’s. From Art Daily News:

Sotheby’s autumn auction season in New York kicked off this morning with a sale of Fine Chinese Furniture, Works of Art and Carpets from the Arthur M. Sackler Collections, which brought $4,615,054 and tripled the presale estimate of $1/1.5 million. The sale was 95.4% sold by lot and 99.5% sold by value and was led by A Rare and Important Pair of Huanghuali Compound Cabinets and Two-Drawer Stands from the 17th century, which brought $1,022,500 against a presale estimate of $120/180,000. The day continued with a various-owner sale of Fine Chinese Ceramics and Works of Art, which again exceeded pre-sale expectations to bring $10,917,425 (est. $5.1/7.1 million) and was 74.9% sold by lot and 90.9% sold by value. The two sales brought a combined total of $15,532,479 (combined est. $6.2/8.6 million).

Speaking about the sales, Dr. Caroline Schulten, Head of Sotheby’s Chinese Ceramics & Works of Art Sales, North America, said, “We were incredibly pleased with the results of today’s two sales. We saw a high sell-through rate in both sales, reinforcing our strategy of offering clients well-edited sales of high-quality works. In fact, 70% of the lots sold in our various owner sale achieved prices above the high estimate. While our top buyers in both sales today came from Asia, including Hong Kong, Taiwan and mainland China, we saw active participation and strong underbidding from our European and American clients. We were also excited to see many new collectors from around the world emerging in the market.”

About Hui

Wang Hui lived from 1632 – 1717 and followed in the footprints of his great grandfathers, grandfather, father and uncles and learned painting at a very early age. He was later taught by two contemporary masters, Zhang Ke and Wang Shimin, who taught him to work in the tradition of copying famous Chinese paintings. This is most likely the reason why critics claim that his work is conservative and reflects the Yuan and Song traditions. One critic claimed that “his landscape paintings reflect his nostalgic attachment to classical Chinese aesthetics. Along with the other Wangs, Wang Hui helped to perpetuate the tradition of copying the ancient masters rather than creating original work.

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