• Press release
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  • New York
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  • For immediate release
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  • 16 March 2017

RESULTS: The Marie Theresa L. Virata Collection of Asian Art realizes $25.3 million

STRONG RESULTS ACHIEVED FOR HUANGHUALI AND ZITAN FURNITURE

ONE OF THE MOST SIGNIFICANT COLLECTIONS OF CLASSICAL CHINESE FURNITURE EVER TO BE OFFERED AT AUCTION

PROCEEDS TO BENEFIT CHARITABLE ORGANIZATIONS

A VERY RARE HUANGHUALI CIRCULAR INCENSE STAND, XIANGJI, 16TH-17TH CENTURY, Estimate: USD$400,000 - 600,000. Price realized USD$5,847,500

SALE TOTAL: USD$ 25,352,750 / HK$ 195,941,476

95% SOLD BY LOT | 98% Sold By Value

RUNNING TALLY FOR ASIAN ART WEEK: USD$318,509,063 / HK$2,463,206,838

New York – Following Wednesday’s record-breaking Evening Sale of Important Chinese Art from the Fujita Museum, Christie’s dedicated sale of The Marie Theresa L. Virata Collection of Asian Art: A Family Legacy, realized USD$ 25,352,750 / HK$ 195,941,476 with 95% sold by lot and 98% sold by value. The top lot of the sale was A Very Rare Huanghuali Circular Incense Stand, Xiangji, 16th-17th Century, which realized USD$5,847,500 / HK$ 45,193,037 against a high estimate of $600,000. All proceeds from the sale are dedicated to charities in the Philippines.

Collected over 50 years with consultation from Sir John Addis, the British ambassador to the Philippines at the time, a keen collector of Chinese furniture, and legendary dealer and collector Robert Hatfield Ellsworth, the Virata collection included works with distinguished provenance, superior condition, and esteemed publication history. Exceptional prices were realized for huanghuali furniture, which together achieved in excess of $16.5 million; and impressive results were realized for zitan furniture, which collectively totaled in excess of $6.8 million. Strong prices were realized across a range of object categories including A Flambé-Glazed Vase, Qianlong mark and of the period (1736-1795), which sold for $223,500 and An Imperial Yellow-Glazed Cup, Yongzheng Mark and of the period (1723-1735), which fetched $271,500; both against a high estimates of $50,000.

“Christie’s is honored to have had the opportunity to exhibit and sell such a magnificent collection of classical Chinese furniture, illuminated by exquisite ceramics, carpets, and Chinese and Japanese works of art, carefully curated by the Virata family over the past 50 years. The remarkable results generated from this sale will support the Virata family’s continued philanthropic legacy in the Philippines with proceeds to be donated to various charitable organizations including Child Protection Network, ICanServeFoundation, Inc., and Cribs Foundation, Inc.,” remarked Jonathan Stone, Chairman, Asian Art, Christie’s.

Asian Art sales continue through Friday, March 17. Full results will be shared at the week’s close.

The Marie Theresa L. Virata Collection of Asian Art: A Family Legacy

16 Mar

20 Rockefeller Center, New York, NY, 10020

  • Auction

    16 Mar, 10am (Lots 601 - 686)

  • Viewing

    New York

    15 Mar, 10am - 5pm

A MAGNIFICENT AND IMPORTANT ZITAN LUOHAN BED, LUOHANCHUANG, 18TH CENTURY, Estimate: USD$2,000,000 - 3,000,000. Price realized: USD$3,607,500

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