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  • Posts Tagged ‘Sotheby’s Hong Kong’

    SOTHEBY’S HONG KONG SPRING SALES TOTAL OVER $400 MILLION

    Thursday, April 6th, 2017

    The Macallan in Lalique legacy collection

    The series of Spring sales at Sotheby’s in Hong Kong this week totalled US$406.1 million.  This is equivalent to the strong sales results recorded last year. Sotheby’s cel Tad Smith said: “Outstanding results in our traditional categories of Chinese ceramics and painting were joined by records across a range of collecting fields including western contemporary art and jewellery”.

    With increased participation from mainland China and buoyant demand from collectors in Asia and the west the series established records for the Pink Star diamond, the Xuande fish bowl, a piece of western Contemporary art sold in Asia, a record per carat price for a fancy intense blue diamond and a record for any whiskey lot ever sold at auction with The Macallan in Lalique which sold for US$989,423.  There was increased online purchase with an 80% increase in lots over HK$41 million sold online.

    (See posts on antiquesandartireland.com for April 4, April 3 and March 29)

    THE MOST VALUABLE GEMSTONE EVER SOLD AT AUCTION

    Tuesday, April 4th, 2017

    THERE was a new world auction record for any diamond or jewel when the Pink Star, a 59.60-carat oval mixed-cut Fancy Vivid Pink Internally Flawless diamond, sold for US$71.2 million at Sotheby’s in Hong Kong tonight. This is the highest ever price for any object sold at auction in Asia.  The most valuable gemstone ever sold at auction made more than double the previous record for a fancy vivid pink diamond. The Pink Star was acquired by Hong Kong jeweller Chow Tai Fook and renamed The CTF Pink in memory of the late Dr. Cheng Yu-Tung, father of the current chairman and founder of Chow Tai Fook.  It also commemorates the 88th anniversary of the brand. The winning telephone bid was placed by Dr. Henry Cheng Kar-Shun, chairman of the company.

    “It is fitting that the owner of the most prestigious jeweller in Greater China should today break the record for the most valuable item ever sold in Asia as well as the most valuable diamond ever sold at auction – now appropriately named the CTF Pink – said Sotheby’s President and CEO Tad Smith, adding, “And Sotheby’s has been honoured and thrilled to serve this very discerning client for many years.”
    David Bennett, Worldwide Chairman of Sotheby’s Jewellery Division, added: “I am delighted that this magnificently beautiful diamond has been rightfully crowned the most valuable gemstone ever sold at auction. The price has more than doubled the record for a fancy vivid pink diamond that we set just last year in Geneva.”

    (See post on antiquesandartireland.com for March 20, 2017)

    A RECORD FOR WESTERN ART AT SOTHEBY’S HONG KONG

    Monday, April 3rd, 2017

    The scene at Sotheby’s in Hong Kong.

    There was a record for a piece of western contemporary art sold at auction in Asia when Andy Warhol’s Mao made US$12.6 million at Sotheby’s in Hong Kong.  It was bought by an Asian collector.  The Mao series marked a significant stylistic turning point for Warhol in the 1970’s. Mao was created in 1973, a year after the crucial moment of global politics where President Nixon visited China and Chairman Mao. Warhol’s portraits of Mao are undeniably among the most influential and enduring of all his images. The work is one of a series of 22 paintings, and four of them are in renowned public collections.

    The painting in red and gold carries the highly expressionistic and flamboyant handling of paint as well as the artist’s resolution and confidence.  Mao was transformed into the newest player on the fashion circuit and a glamourised member of the 1970’s pop idols.

    The Modern and Contemporary Art evening sale totalled US$73.6 million.

    A GREAT EXAMPLE OF EARLY MING PORCELAIN

    Wednesday, March 29th, 2017

    ONE of the greatest examples of early Ming porcelain in private hands will lead the Chinese works of art sale at Sotheby’s in Hong Kong on April 5.

    The large bowl is decorated with fishes in a lotus pond and ranks among the finest pieces produced in the reign of Xuande Emperor. The lobed bowl is extremely rare and possibly unique.

    The sales is part of a series of eight Hong Kong spring auction at Sotheby’s. These sales will cover most of the classic fields, from Chinese furniture and early jade carvings to Song dynasty ceramics and Qing dynasty imperial works of art.

    The series of sales is particularly rich in its offerings of Ming porcelain.  Hong Kong spring sales will be held from April 1-5 with more than 3,500 lots estimated at around HK$2.5 billion.

    UPDATE:  It sold to an Asian private collector for US$29.5 million, more than double the expected price.

    THE LARGEST FLAWLESS PINK DIAMOND EVER GRADED AT SOTHEBY’S

    Monday, March 20th, 2017

    The Pink Star.  UPDATE: IT MADE US$71.2 MILLION.

    The Pink Star will lead Sotheby’s sales of magnificent jewels and jadeite in Hong Kong on April 4.   At 59.60 carats this oval mixed-cut pink diamond is the largest Internally Flawless Fancy Vivid Pink diamond that the Gemological Institute of America (GIA) has ever graded. It is estimated at more than US$60 million.

    The Pink Star has received the highest colour and clarity grades from the GIA for pink diamonds and has been found to be part of the rare subgroup comprising less than 2% of all gem diamonds – known as Type IIa: stones in this group are chemically the purest of all diamond crystals and often have extraordinary optical transparency. Mined by De Beers in Africa in 1999, the 132.5-carat rough diamond was meticulously cut and polished over a period of two years and transformed into this stunning gemstone.

    David Bennett, Worldwide Chairman of Sotheby’s Jewellery Division, said: “At a time of unprecedented demand for the finest in coloured diamonds, I am delighted to be bringing this magnificent stone back to the market.  The extraordinary size of this 59.60-carat diamond, paired with its richness of colour, surpasses any known pink diamond recorded in history.”

    QUEK Chin Yeow, Deputy Chairman, Asia, and Chairman International Jewellery, Asia, said: “Over the years Sotheby’s Hong Kong has played host to many outstanding stones and sales; including the 118.28-carat oval D-colour flawless diamond sold in Oct 2013, the still-current world auction record for any white diamond, as well as the fancy vivid blue 10.10-carat De Beers Millennium Jewel 4 which set a record for any jewel sold at auction in Asia in April 2016. The market for the world’s finest diamonds and gem stones remains buoyant.”

    At 59.60 carats, The Pink Star is more than twice the size of the Graff Pink’ – the 24.78-carat Fancy Intense Pink diamond which currently holds the world auction record for any pink diamond. Sold at Sotheby’s Geneva in 2010 for US$46.2 million the Graff Pink marked an auction record for any diamond or gemstone at the time.

    UPDATE: IT SOLD FOR US$71.2 MILLION, THE HIGHEST PRICE FOR ANY WORK EVER SOLD AT AUCTION IN ASIA.  IT WAS BOUGHT BY HONG KONG JEWELLER CHOW TAI FOOK AND RENAMED THE CTF PINK.

    A MASTERPIECE BY ZHANG DAQIAN

    Wednesday, March 15th, 2017

    Zhang Daqian (1899-1983) – Lush Mountains in Misty Gleam, 1967

    A masterful splashed ink and colour landscape on gold paper by Zhang Daqian is a highlight at Sotheby’s sale of Fine Chinese Paintings in Hong Kong on April 4.  Among more than 300 lots are masterpieces by Zhang Daqian, many of which were gifts to his close friends, such as the splashed ink and colour landscape on gold paper for Tai Jingnong, a splashed ink lotus painting for Wu Hufan to celebrate his 70th birthday, and red lotuses for his friend Mao Yingchu.  The sale features a number of specially-curated thematic sections, such as an array of paintings and calligraphy previously from the collection of Wu Hufan, along with works of Wu and his students, and the collection of celebrated Guangdong book collector Mo Boji. The sale is expected to bring in around US$20 million.

    C.K. Cheung, Sotheby’s Head of Chinese Paintings Department, said: “This spring, we are pleased to present significant works in considered thematic sections that reflect the department’s meticulous sourcing approach. Not only do these groupings emphasise each work’s intrinsic artistic value, they also put into context the artists’ relationships and place in the wider art world, as well as his or her artistic orientation. Once kept in the hands of revered private collectors, many of these rare works boast impeccable provenance, and several are fresh to market.”

    CONTEMPORARY INK ART AT SOTHEBY’S HONG KONG

    Friday, March 3rd, 2017

    A rare group of paintings by Liu Dan  will lead Sotheby’s Contemporary Ink Art sale in Hong Kong on April 4.  Works by the artist in the sale span four decades from 1979 to 2013.  Liu, who was born in 1953, has produced an exhilarating legacy of physical grandeur, spiritual immensity and lyrical power.

    With more than 70 lots on offer the sale will focus on significant moments and artistic milestones for pioneers of contemporary ink art working around the world.  These range from experimental calligraphy works by Bokujinkai leaders in 1950’s Japan, to landscapes by early masters such as Lui Shoukwan and Liu Guosong, to a subsequent generation of artists including Li Jin, Xu Lei, Qiu Deshu and Peng Jian.

    Katherine Don, Head of Contemporary Ink Art, Sotheby’s Hong Kong, said: “In a time when collectors are exceptionally discerning of quality and value in acquiring art, we see growing market interest in time-tested pieces with established track records and artistic significance. This season, collectors will find museum-quality works by thought leaders in the ink art genre, who are not only guardians of cultural heritage, but also innovators who create fresh works that respond to globally-relevant issues of our time. We hope our meticulously curated sale this April will provide connoisseurs and ink art lovers a glimpse into a dynamic world of conceptually engaging, technically awe-inspiring and art-historically relevant contemporary art.”

    Liu Dan (b.1953), Airy Mountains, Rushy Glens after Li Tang, 2004 (US$520,000 – 775,000)  UPDATE: THIS SOLD FOR US$600,208

    SOTHEBY’S AUTUMN HONG KONG SALES ACHIEVE US$285 MILLION

    Friday, October 7th, 2016
    Fu Baoshi, Warriors on the Night March Sold for: US$3,543,590

    Fu Baoshi, Warriors on the Night March
    Sold for: US$3,543,590

    The five day autumn sales series at Sotheby’s in Hong Kong achieved US$285 million and exceeded the high estimate.  The series brought major sales at Sotheby’s in Asia so far this year to US$690 million.  The top lot of the series was a Qing dynasty  Imperial Khotan green jade seal, which made US$11.7 million. Significantly the series attracted a new generation of bidders. Over 40% were under the age of 40.  There were participants from 28 countries.  All top lots in the sale of Fine Chinese Paintings found buyers. and top quality modern works performed with strength.

    This was the highest value offering of Western Contemporary Art ever held in a major Hong Kong auction and there was an auction record for a work on paper by Keith Haring. Jean Michel Basquiat’s Infantry sold for US$5.98 million.

    Kevin Ching, CEO, Sotheby’s Asia, said: “I am pleased that the total for major sales at Sotheby’s Hong Kong in 2016 matched that of 2015, demonstrating Asia’s resistance to uncertainty in some segments of the market.  Collectors were selective, but demand for the most desirable pieces remained robust, leading to outstanding prices.”

    (See post on antiquesandartireland.com for September 6, 2016)

    THE LARGEST SEAL EVER USED BY QIANLONG AS EMPEROR SUPREME AT SOTHEBY’S

    Tuesday, September 6th, 2016

    THE largest seal ever used by Qianlong as Emperor Supreme will lead Sotheby’s Hong Kong Chinese Works of Art Autumn Sales 2016 in Hong Kong on October 5.  The Imperial Khotan-green Jade ‘Taishang Huangdi zhi Bao’ Seal is estimated at US10-15 million. On February 9, 1796 the Qianlong Emperor abdicated after 60 years on the throne and thus became Emperor Supreme. This massive jade seal celebrates his long and outstanding reign.  Other highlights include a unique Imperial Inscribed Documentary Cinnabar Laquered Wutong Qin not seen on the open market for over half a century, and an extremely rare pair of Pink-Ground Famille-Rose ‘Trompe L’oeil’ Jars and Covers. The series of six sales will offer close to 300 lots with a total estimate of approximately US$80 million.

    Nicolas Chow, Deputy Chairman, Sotheby’s Asia, International Head and Chairman, Chinese Works of Art, said: “This October we are proud to present a stunning array of material spanning from the dawn of Buddhist art in China in the 4th century to the culmination of material refinement at the Qing dynasty court in the 18th century. The selection includes private collections such as that of the celebrated Japanese connoisseur Sakamoto Gor? and Roger Keverne, one of the doyens of London’s art scene. Two extraordinary historical objects from the Qianlong period anchor the sale, one a superb zither made to his order in 1746, and the other a massive jade seal carved fifty years later marking his rise to the status of Emperor Supreme.”

    A massive Imperial Khotan jade Taishang Huangdi zhi Bao seal, Qing Dynasty, Qianlong period (US$10-15 million)

    A massive Imperial Khotan jade Taishang Huangdi zhi Bao seal, Qing Dynasty, Qianlong period (US$10-15 million)  UPDATE: THIS SOLD FOR US$11,728,205

    The Dragon Emperor Seal

    The Dragon Emperor Seal

    An Imperial Inscribed documentary cinnabar lacquered Wuton Wood Qin (US$3.2-3.9 million)

    An Imperial Inscribed documentary cinnabar lacquered Wuton Wood Qin UPDATE: THIS SOLD FOR US$7,133,333, a world auction record for a Qing musical instrument (estimate US$3.2-3.9 million)

    An exceptional and massive cabinet with Zitan carved dragon panels (US$3.9-5.2 million)

    An exceptional and massive cabinet with Zitan carved dragon panels (US$3.9-5.2 million)

    A COMPLETE SET OF PICASSO SILVER PLATES

    Thursday, April 28th, 2016
    Picasso's silver plates.

    Picasso’s silver plates.

    A set of 24 silver plates by Picasso will come up at Sotheby’s Boundless: Contemporary Art sale in Hong Kong on June 23. Picasso created a large volume of ceramics and crockery in numbered editions, but only crafted silver plates in 24 designs throughout his entire oeuvre.  This is the first time a complete set has appeared at any auction. It is estimated at $1.55-2.33 million. Conceived between 1956 and 1967, the plates were designed by Picasso together with French silversmith François Hugo, then cast by Hugo and his son Pierre Hugo on private request by individuals. All 20 editions of each plate have been sold out for years.