Sir Joseph Hotung's Personal Collection totals double-estimate £103 million

The First Art Newspaper on the Net    Established in 1996 Saturday, June 22, 2024


Sir Joseph Hotung's Personal Collection totals double-estimate £103 million
Auction scene. Courtesy Sotheby's.



LONDON.- Following an auction series that began with sales in Hong Kong this October, today, the final hammer came down on the extraordinary personal collection of Sir Joseph Hotung. Sir Joseph’s home brought together remarkable Asian works – from jewel-like jades and classical Chinese huanghuali furniture to works by titans of Western painting and rarities of French silver and superlative examples of 18th-century English craftsmanship. 

Over the course of four live sales and an online sale, 475 lots sold to bring a total of £103.3m / HK$931.6m / US$119.2m (est. £40.5-59.7m) – more than doubling pre-sale expectations. Across the auctions, 93% of the lots offered found new homes, with 70% selling for sums in excess of their high-estimates and 22 lots breaking the £1 million mark. The series saw over 1,000 participants hail from 44 countries. 

“Sir Joseph Hotung is a name that has long resonated in the sphere of collectors and museums, and it has been a real career highlight to open the doors to the hitherto unseen personal collection behind this great figure. Testament to Sir Joseph’s exacting taste and unique eye, we saw spirited bidding across all of the auctions, with the final result eclipsing any pre-sale expectations.” --Henry Howard-Sneyd, Sotheby's Chairman of Asian Arts

Prior to the sale, Sir Joseph bequeathed almost the entirety of his outstanding collections of early Chinese blue-and-white porcelains and of Jades to the British Museum – in what marks one of the most significant bequests in the British Museum’s recent history.

Top Lots 

London:

• Edgar Degas’ portrait of Eugène Manet (Lot 13), sold for £6.3m (est. £4-6m). Painted in 1874 and epitomising the artist’s distinctive approach to portraiture, the work is one of the hidden gems of Degas’ art. 

• Gentlemen in Black by Édouard Vuillard (Lot 7), an enigmatic and sophisticated painting that had remained unseen since 1983, made its auction debut at £4m (est. £1.5-2m). A further six paintings by the Parisian painter were sold, representing the finest offering to be presented at auction from a single collection for decades.

• An exceptional huanghuali altar table (Qiaotouan), Late Ming dynasty (Lot 2), sold for £1.6m (est. £200,000-300,000).

• A turquoise and coral-inlaid silver ‘Nine Dragons’ seal (Lot 212) soared to over £1m (est. £10,000-15,000).  

• An Imperial battle painting (Lot 195), an impressive example from a set of seventeen paintings depicting commemorative scenes between the Qing Imperial Army and rebel forces, brought £630,000 (est. £60,000-80,000). 

Hong Kong:

• A very rare and outstanding huanghuali folding horseshoe-back armchair, jiaoyi, Late Ming dynasty (Lot 11), sold for HK$124.6m / £14.2m (est. HK$10-15m), following 15 minutes of heated bidding, with 60 bids placed - auction record for a Chinese chair, and third highest price for any chair at auction.

• Flowers and Fruits by Qi Baishi (Lot 9), sold for HK$78.7m / £9m (est. HK$18-30m) - the largest known multi-panel work by the artist, spanning more than nine feet in height.

• A highly important gilt-bronze seated figure of Avalokiteshvara, Dali Kingdom, 11th - 12th century (Lot 10), made HK$48.8m / £5.6m (est. HK$15-20m.)

• An important and exceptionally painted blue and white 'fish' jar, guan, Yuan dynasty (Lot 6), sold for HK$39.7m / £4.5m (est. HK$20-25m).

• A jade animal-shaped plaque, Late Eastern Zhou - Western Han dynasty, 3rd - 2nd century BC (Lot 17), sold for HK$16.1m / £1.8m (est. HK$800,000-1.2m).










Today's News

December 15, 2022

McNay Art Museum announces Matthew McLendon as new Director

Ashley Bickerton, unflinchingly honest about his work and illness

For U.S. museums with looted art, the Indiana Jones era is over

They're taking jigsaws to infinity and beyond

Gagosian opens an exhibition of new neon works by Douglas Gordon

Jessica Silverman announces representation of Pae White alongside solo exhibition

Banksy's works near Kyiv have inspired Ukraine. But did one activist go too tar?

Andrew Jones will offer the Jack & Ellen Phillips Collection, a time capsule of over 550 lots of fine art and antiques

During the exhibition the gallery will be closed.

Sotheby's to drop largest Keith Haring NFT

Sir Joseph Hotung's Personal Collection totals double-estimate £103 million

LUPO + GIGA present ColorZenith, the first solo show by Luca Napoli at Lupo - Lorenzelli Projects

University of Pennsylvania Libraries acquires archives of The Philadelphia Orchestra and the Academy of Music

San Luis Obispo Museum of Art explores origins, consequences, and solutions to fast fashion in new exhibition

Artist Fred Eversley to create large-scale sculptural installation at One Flagler in West Palm Beach

Woody Auction's 4 successful fine cut glass auctions in 2022 cement firm's reputation as world leader in that category

Paul Mpagi Sepuya now being represented by Bortolami Gallery in New York

Laguna Art Museum spotlights the lost art of Photography & Seduction: William Mortensen's Laguna Beach

Miles McEnery Gallery opens an exhibition of works by Monique van Genderen

Fondation Cartier pour l'art contemporain presents the work of Fabrice Hyber

Hugo Galerie announces new show by artist Fabienne Delacroix and book, "La Belle Époque"

FotoFocus announces retirement of Executive Director Mary Ellen Goeke

Elisabeth Sherman named Senior Curator and Director of Exhibitions and Collections, International Center of Photography

Yossi Milo Gallery opens Richard-Jonathan Nelson's debut solo exhibition in New York City

Introduction to Cryptography for Beginners

Trenbolone acetate for sale USA and California




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez
Writer: Ofelia Zurbia Betancourt

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful