• Press release
  • |
  • New York
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  • For immediate release
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  • 17 March 2017

RESULTS: Asian Art Week at Christie's totals $332.8 million achieving highest total ever for series

ASIAN ART WEEK AT CHRISTIE’S NEW YORK

ACHIEVES HIGHEST TOTAL EVER FOR AN AUCTION SERIES

USD $332,783,188 / HK$ 2,573,500,630

DOUBLING PREVIOUS RECORD | ACHIEVING FIVE TIMES PRESALE ESTIMATE

88% SOLD BY LOT

A Magnificent and Highly Important Bronze Ritual Wine Vessel, Fangzun, late Shang dynasty, 13th-11th century BC.Price Realized: $37,207,500

A Magnificent and Highly Important Bronze Ritual Wine Vessel, Fangzun, late Shang dynasty, 13th-11th century BC. Price Realized: $37,207,500

A Large and Important Black Stone Figure of Lokanatha Avalokiteshvara,Northeastern India, Pala Period, 12th century.Price Realized: $24,663,500

A Large and Important Black Stone Figure of Lokanatha Avalokiteshvara, Northeastern India, Pala Period, 12th century. Price Realized: $24,663,500

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:

 


SALE 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

 

 

SALE RESULTS:

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.

 

 

SALE RESULTS:

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.

 


SALE RESULTS:

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. 

 

 

SALE RESULTS:

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.

 

 

 

 

SALE RESULTS:

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.

 

 

 

SALE RESULTS:

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.

 

About Christie’s

Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pacific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).

Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvador Mundi, 2017), for a single collection sale (the Collection of Peggy and David Rockefeller, 2018), and for a work by a living artist (Jeff Koons’ Rabbit, 2019).

Christie’s Private Sales offers a seamless service for buying and selling art, jewellery and watches outside of the auction calendar, working exclusively with Christie’s specialists at a client’s individual pace.

Recent innovations at Christie’s include the groundbreaking sale of the first NFT for a digital work of art ever offered at a major auction house (Beeple’s Everydays, March 2021), with the unprecedented acceptance of cryptocurrency as a means of payment. As an industry leader in digital innovation, Christie’s also continues to pioneer new technologies that are redefining the business of art, including the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats. 

Christie’s is dedicated to advancing responsible culture throughout its business and communities worldwide, including achieving sustainability through net zero carbon emissions by 2030, and actively using its platform in the art world to amplify under-represented voices and support positive change.

Browse, bid, discover, and join us for the best of art and luxury at: www.christies.com or by downloading Christie’s apps. The COVID-related re-opening status of our global locations is available here.