Strong Chinese sales conclude live auctions

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Strong Chinese sales conclude live auctions
The auctioneer, Tash Perrin, selling an Exceptional and Very Rare Huanghuali Folding chairs. © Christie's Images Ltd 2023.



NEW YORK, NY.- Christie’s Asian Art Week New York achieved a total of $ 63,332,004 and 164% hammer above low estimate. There was global participation with more than 500 bidders from six continents. During the week, Christie’s achieved six records and eight lots exceeded $1 million across all sales. Live sales concluded on 23 and 24 March with Chinese works of art. J. J. Lally & Co., featuring fine and rare Chinese ceramics and works of art that defined an era of collecting in this category made $18,699,528, three-times the low estimate. Important Chinese Ceramics and Works of Art achieved $18,288,012, which realized 164% by low estimate. The top lot of Asian Art Week New York was an Important White Porcelain Moon Jar, which sold for a record $4,560,000. Other notable lots included: A Very Rare Guan Bottle Vase from the J. J. Lally & Co. sale, which brought three times its low estimate, achieving $2,580,000; an Exceptional and Very Rare Huanghuali Folding Chair, which made $2,820,000; a Rare Huanghuali Daybed, which achieved $1,260,000; and Manjit Bawa’s Untitled (Durga), which realized $1,980,000, a new global auction record for the artist.

Co-Chairman of Asian Art, Christie’s, Tina Zonars said: “This has been a special Asian Art Week at Christie’s. We were delighted to welcome so many friends back in person, offer them an extraordinary array of pieces in all of our categories, and witness the market respond with excellent results across the board. The week began on a high note with the outstanding records for Hokusai’s Great Wave, and the Korean Moon Jar, continued with a series of historic prices for South Asian Modern and Contemporary, and ended with the landmark J. J. Lally & Co. sale, and the Important Chinese Ceramics and Works of Art sale, which filled the sale room with enthusiastic bidding from global buyers. Once again, Christie’s international team has shown its expertise and energy in this consistently strong market.”

Christie’s Senior Specialist, Chinese Ceramics and Works of Art, Margi Gristina, said: “We are pleased with the strong results for the landmark J. J. Lally sale, which are a reflection of the esteemed reputation of the dealer James J. Lally and his unwavering dedication to quality and scholarship throughout his career. Noteworthy prices for Song-dynasty ceramics as well as Ming and Qing imperial porcelains drove the sale and demonstrate the market demand for top-quality pieces with exceptional provenance.”

ASIAN ART WEEK | LIVE AUCTION OVERVIEW:

Japanese and Korean Art
21 March 2023

TOTAL: $11,413,992


Christie’s sale of Japanese and Korean Art achieved a total of $11,413,992, an impressive 253% hammer above low estimate. There was global participation with registered bidders from 22 countries in Asia, the Middle East, Europe, and North America. The sale attracted heavy bidding, and spirited applause as records fell for pieces in two legendary categories. A fine and rare impression of one of the most reproduced images in all of art history, Under the Well of the Great Wave Off Kanagawa, the Japanese woodblock print by Katsushika Hokusai brought a record price of $2,760,000. An Important White Porcelain Moon Jar sold for $4,560,000, setting the new record for an example of this prototypical category of Korean pottery.

Indian, Himalayan and Southeast Asian Works of Art
22 March 2023

TOTAL: $2,951,802





The sale of Indian, Himalayan and Southeast Asian Works of Art achieved a total of $2,951,802, with participation from bidders and buyers in 14 countries across Australia, Asia, Europe, and North America. The top lot of the sale was a Large and Important Grey Schist Figure of Buddha Shakyamuni, which realized $693,000. Pieces from Tibet made particularly strong prices including, a Rare Painting of Milarepa, which made $226,800; a Large Gilt-Bronze Figure of Akshobhya that brought almost twice its low estimate at $214,000; and a Very Rare Copper-andSilver-Inlaid Bronze Figure of Vira Vajradharma, which sold for $100,800, almost seven times its low estimate.

South Asian Modern + Contemporary Art
22 March 2023

TOTAL: $11,978,670


South Asian Modern + Contemporary Art achieved a total of $11,978,670. The auction was 100% sold by lot, and 263% sold by low estimate. Christie’s was proud to set multiple auction records during the sale. The top lot of the sale was Manjit Bawa’s Untitled (Durga), which realized $1,980,000, a new global auction record for the artist. The sale also achieved notable results for Francis Newton Souza’s View From Crawford Market, Bombay, which brought $1,740,000, almost six times its low estimate. Two other works that soared past their low estimates were, Sayed Haider Raza’s Untitled (Houses) making $756,000, five times its low estimate, and Akabar Padamsee’s Rouen, which also made $756,000, three times its low estimate. Christie’s achieved auction records for the artists Jeram Patel, Rummana Hussain, Rashid Choudhury, Ratan Parimoo, Vinod Rai Patel, Shanti Dave (for a work on paper), Jamini Roy (for a textile) and Zarina (for a paper sculpture).

J. J. Lally & Co.
24 March 2022

TOTAL: $18,699,528


The live sale of J. J. Lally & Co., featuring an impressive range of fine and rare Chinese works of art that defined an era of collecting in this category, made $18,699,528, three-times the low estimate. Almost 200 bidders took part, with bids coming from around the world, dominated by the Asia Pacific region, which accounted for almost 80% of participants. One in 10 participants was new to the category, and one in five buyers was Generation Z. The sale was led by two outstanding pieces. A Very Rare Guan Bottle Vase, brought three times its low estimate, achieving $2,580,000. A Very Rare Imperial Fahua Jar, Guan made $1,500,000, more than seven times its low estimate. Other outstanding results from the sale include: A Very Rare Longquan Celadon Guan-Type Mallet Vase, dated to the 12th-13th century which achieved $819,000, more than 10 times its low estimate. The sale of these, and so many other lots, for outstanding prices is a strong testament to the high regard connoisseurs and collectors have for J. J. Lally & Co.

Important Chinese Ceramics and Works of Art
23-24 March

TOTAL: $18,288,012


Important Chinese Ceramics and Works of Art achieved $18,288,012, which was 164% by low estimate. The top lot of the sale was an Exceptional and Very Rare Huanghuali Folding Chair, which made $2,820,000. Other notable lots include, a Rare Huanghuali Daybed, which achieved $1,260,000; a Rare Painted Wood Figure of a Standing Bodhisattva, which brought $894,600 more than eight times its low estimate; and a Very Rare Set of Four Zitan Stools, which fetched $781,200, more than five times the low estimate; an Exquisite and Very Rare Small Doucai Moon Flask, which sold for $378,000, more than doubling its low estimate; and a Rare and Important Bronze Ritual Wine Vessel, Jue, which realized $453,600.










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