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Author Archives: Raj Rangarajan
By Raj Rangarajan Originally Published 10/17/06
In September Sotheby’s and Christie’s saw their Asian art sales take off, fueled by the strength of modern and contemporary art, with totals of $45.35 million and $34.99 million, respectively—generously outstripping figures for last year, when Sotheby’s posted a total of $23 million; and Christie’s, just under $30 million (ANL, 10/11/05). Experts note the exponential growth in demand for Chinese, Indian, Japanese and Korean contemporary art. At Christie’s “the most vibrant markets were Chinese art and modern and contemporary Indian art—two categories that have witnessed important additions to the buyer base with the emergence of the overseas Chinese and Indian collectors,” says Theow Tow, deputy chairman of Christie’s Americas and Asia. Read More
By Raj Rangarajan Originally Published 06/20/06
Christie’s marked its 20th anniversary in Hong Kong with a series of sales, from May 28-June 1, that scored another high for material ranging from Chinese ceramics to Indian and Southeast Asian paintings and
contemporary Asian art. Read More
By Raj Rangarajan Originally Published 06/06/06
Fifty-three new artists’ records were set at the first-ever international modern and contemporary art auction organized in Dubai, in the United Arab Emirates, by Christie’s last month. Totaling $8.48 million, the 113-lot international sale (87 percent sold by lot, 94 percent by value) included works by artists from 20 countries, with bidders from across the world. Read More
By Raj Rangarajan Originally Published 04/25/06
All sectors of the Asian art market seemed to benefit from growing interest and enthusiasm. At Sotheby’s, on March 31, Contemporary Art Asia brought $13.22 million (see page 2); on March 30, ceramics and works of art fetched $15.7 million; on March 29, Indian and Southeast Asian art grossed $13.63 million; and, on March 28, the Jucker Collection of Himalayan paintings realized $9.05 million for a total of $51.6 million. Read More
By Raj Rangarajan Originally Published 01/03/06
Asian art auctions set another round of records at Christie’s Hong Kong in late November. Auctions held Nov. 27-30 included Chinese ceramics, classical Chinese paintings, calligraphy, works of art and 20th century Chinese art. An overall sales record of $US139 million (HK$1.08 billion) was set for lots that included Asian art, jewelry and watches. Read More
By Raj Rangarajan Originally Published 06/21/05
Asian art sales held in Hong Kong last month continued to break auction records across a range of genres, including Chinese ceramics, contemporary Chinese art and Southeast Asian and modern Indian paintings, including contemporary art.
Christie’s achieved a total of $89.6 million in auctions held May 29-30. Chinese ceramics and works of art yielded about a third of that figure at $30.96 million. Read More
By Raj Rangarajan Originally Published 04/12/05
Intense competition for great objects and strong demand from Japan and mainland China helped fuel record totals for Asian art at a series of spring auctions held, during what has come to be known as Asia Week, by Christie’s and Sotheby’s from March 29-April 1. Christie’s posted $26.3 million, its highest Asian art total to date and comfortably above last year’s total of $20 million. Sotheby’s took $17.8 million, more than double its year-ago figure of $8.3 million. Read More