RESULTS: Asian Art Week at Christie's totals $332.8 million achieving highest total ever for series
Registered Bidders from 37 Countries | Six Continents
Auction Records for An Archaic Bronze;
Chinese Painting; Indian and South AND SOUTHEAST Asian Work of Art
New York – Christie’s Asian Art Week sales realize USD $332,783,188 (£272,497,754/ € 312,222,516/ HK$2,573,500,630), the highest total ever achieved for the auction series, continuing Christie’s leadership in the market. The seven auctions took place from March 15-17 with 88% sold by lot. Deep bidding was witnessed from Greater China across all categories with emphasis on classical Chinese paintings, huanghuali and zitan furniture, and archaic bronzes. There was active participation from registered bidders across 37 countries with representation from six continents including North America, South America, Europe, Asia, Africa, and Australia.
Highlighting the week was the record-breaking evening sale Important Chinese Art from the Fujita Museum, which alone achieved USD $262,839,500, surpassing the previous record for any Asian Art Week series in auction history. Impressive results were realized for notable private collections, including The Marie Theresa L. Virata Collection of Asian Art: A Family Legacy, which totaled USD $25,352,750 with 95% sold by lot; The Harris Collection: Important Early Chinese Art, which totaled USD $1,101,250 with 93% sold by lot; and The Ruth and Carl Barron Collection of Fine Chinese Snuff Bottles: Part IV, which totaled USD $841,668 with 100% sold by lot.
Records were set across multiple object categories, including the top lot of the sales series, Chen Rong (13th Century) as Catalogued in Shiqu Baoji, Six Dragons, which realized USD $48,967,500, setting an Auction Record for a Chinese Painting Sold Outside of Asia. Additional records include the World Auction Record for an Archaic Bronze with the sale of A Magnificent and Highly Important Bronze Ritual Wine Vessel, Fangzun, late Shang Dynasty, which realized USD $37,207,500; and the World Auction Record for an Indian and South Asian Work of Art with the sale of A Large and Important Black Stone Figure of Lokanatha Avalokiteshvara from Pala-period India, which realized USD $24,663,500.
Jonathan Stone, Chairman, Asian Art, Christie’s, remarks: “This was an historic week for Christie’s and for Asian Art. There was extraordinary response to the significant institutional and private collections included this season, with exceptional prices realized for Shang and Zhou dynasty ritual bronzes and classical Chinese paintings from the Fujita Museum and the huanghuali and zitan furniture from the Virata collection. It was rewarding to see the sustained enthusiasm from the international tour and exhibitions translate into the saleroom. The robust results of this week have proven the benefits of Christie’s strong relationships with Asian buyers and the success of Christie’s dynamic strategy in the region, which has seen us open major exhibition spaces in Shanghai and Beijing in recent years.”
ASIAN ART WEEK 2017 | INDIVIDUAL AUCTION RESULTS:
Fine Chinese Ceramics and Works of Art
17 March | 10am & 2pm | New York
Sale Total: USD $13,172,875
(£10,683,597 / €12,222,035 / HK$101,782,662)
80% sold by lot | 88% sold by value
The top lot of the sale was A Bronze Ritual Food Vessel, Kang Gui, Early Western Zhou Dynasty, 11th-10th Century BC, which realized USD $907,500
The Harris Collection: Important Early Chinese Art
16 March | 2pm | New York
Sale Total: USD $1,101,250
(£897,514 / €1,024,961 / HK$8,511,130 )
93% sold by lot | 98% sold by value
The top lot of the sale was A Very Rare Gilt-Bronze Feline-Form Ornament, North China, 1st-2nd Century AD, which realized USD $118,750.
The Marie Theresa L. Virata Collection of Asian Art: A Family Legacy
16 March | 10am | New York
Sale Total: USD $25,352,750
(£20,662,388 / €23,596,445 / HK$ 195,941,476)
95% sold by lot | 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 against a high estimate of $600,000. All proceeds from the sale are dedicated to charities in the Philippines including Child Protection Network, ICanServeFoundation, Inc., and Cribs Foundation, Inc.
Important Chinese Art from the Fujita Museum
15 March 2017 | 7pm | New York
Sale Total: USD $262,839,500
(£215,265,551 / €246,911,426 / HK$ 2,032,755,075)
94% sold by lot | 99% sold by value
Christie’s dedicated Evening Sale of Important Chinese Art from the Fujita Museum, realized USD $262,839,500, which alone surpassed the previous record for any Asian Art Week series in auction history. The top lot of the sale was Chen Rong (13th Century) as Catalogued in Shiqu Baoji, Six Dragons, which sold for USD $48,967,500; setting an auction record for a Chinese painting sold outside of Asia. A new world auction record was set for an archaic bronze with the sale of A Magnificent and Highly Important Bronze Ritual Wine Vessel, Fangzun, late Shang dynasty, 13th-11th century BC, which realized USD $37,207,500.
Indian, Himalayan and Southeast Asian Works of Art
15 March 2017 | 2pm | New York
Sale Total: USD $26,139,750
(£21,549,670 / €3,131,898 / HK$25,800,339)
79% sold by lot | 98% sold by value
The top lot for the sale was a Large and Important Black Stone Figure of Lokanatha Avalokiteshvara, which realized USD $24,663,500, setting a new World Auction Record for any Indian Work of Art and any South or Southeast Asian Work of Art. The exceptional price realized reflects the quality and exquisite nature of this masterpiece’s place in history.
Fine Chinese Paintings
15 March 2017 | 10am | New York
Sale Total: USD $3,335,375
(£2,749,691 / €3,131,898 / HK$25,800,339)
78% sold by lot | 85% sold by value
The top lot for the sale was Ni Zan (1301-1374), Landscape-A Gift to Ban Yun (estimate: $150,000-300,000), which realized USD $667,500, more than doubling the high-estimate.
The Ruth and Carl Barron Collection of Fine Chinese Snuff Bottles: Part IV
15 March 2017 | 10am | New York
Sale Total: USD $841,668
(£689,343 / €790,677 / HK$6,509,469)
100% sold by lot | 100% sold by value
The top lot for the sale was An Inscribed White Jade Snuff Bottle, Imperial, Palace Workshops, Beijing, 1770-1799, which realized $40,000.
ASIAN ART WEEK | ONLINE SALE CONTINUES:
The Art of China | Online
21 – 29 Mar 2017 | Registration open
Christie’s is pleased to offer the first Chinese ceramics and works of art online sale of 2017 from our series The Art of China. This spring edition brings together a diverse range of over 150 ceramics, jade carvings, hardstones, textiles, bronze and Buddhist sculptures across the centuries. The sale also features a group of over 30 Ming and Qing dynasty porcelains from the Indianapolis Museum of Art, being sold to benefit the art acquisitions fund. The Art of China offers the opportunity for collectors of all interests and tastes to acquire desirable works at affordable price levels.
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