Author Archives: Raj Rangarajan


ARTnewsletter Archive

Asian Art Auctions Surpass Year-Ago Totals

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


ARTnewsletter Archive

$154M Hong Kong Sales Are a Runaway Success

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


ARTnewsletter Archive

Inaugural Auction in Dubai Sets Many Artists’ Records

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


ARTnewsletter Archive

Asia Week Roundup: Buying Is Strong in All Sectors

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


ARTnewsletter Archive

Asian Art Totals Soar At Christie’s Hong Kong

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


ARTnewsletter Archive

$147M Asian Sales Leave Past Records in the Dust

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


ARTnewsletter Archive

Savvy High-End Buyers Send Asian Sales Soaring

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