ARTnewsletter Archive

Asian Paintings Make A Splash in Singapore

As the demand for modern and contemporary Indian and Asian art continues to soar (see ANL, 10/11/05), the Sotheby’s sale of Southeast Asian paintings, on Oct. 9 in Singapore, realized S$11.2 million ($6.6 million). The auction was 90 percent sold by value and 85 percent by lot.

NEW YORK—As the demand for modern and contemporary Indian and Asian art continues to soar (see ANL, 10/11/05), the Sotheby’s sale of Southeast Asian paintings, on Oct. 9 in Singapore, realized S$11.2 million ($6.6 million). The auction was 90 percent sold by value and 85 percent by lot.

The top price of the auction was S$1.1 million ($682,256), achieved for Balinese Life, an oil on board by Lee Man Fong (1913-1988). It was a new auction record for the artist, as was the S$632,800 ($376,073) given for Rambutan Vendor, a 1975 oil on canvas by Hendra Gunawan (1918-1983).

A southeast Asian collector paid S$476,000 ($282,882) for Tiga Wajah, a 1963 oil by Affandi (1907-1990). Records were set for Chen Wen Hsi, whose Balinese Boatmen fetched S$360,000 ($213,948); and for Sunaryo, when the oil Stagen Merah, 2002, realized S$312,000 ($185,421). Of the 199 works offered, 169 were sold.

  • Issues