NEW YORK, NY.- Two days of competitive bidding from around the globe and a packed Rockefeller Center saleroom ended as Important Chinese Furniture and Works of Art totaled $22,768,068, 233 percent sold by hammer and premium versus low estimate, and 78 percent sold by lot. More than one in four buyers in the sale were Millennials, and almost 15 percent of bidders and buyers were new to the category. The sale was characterized by an especially strong selection of fine furniture, with many lots vastly overperforming their estimates, as well as important pieces of porcelain, bronzes, jades, statues and more. The top lots of the sale were a magnificent and extremely rare huanghuali Officials Hat Armchair that brought four times its low estimate, $3,256,500; a magnificent large blue and white iron-red Dragon dish more than doubled its low estimate, making $2,772,500. Head of Christies Chinese Works of Art Department in New York, Vicki Paloympis, said: We were thrilled to achieve stellar results, showcasing a vibrant and active market. The market showed exceptional strength in Qing porcelain and classical Chinese furniture, particularly those boasting impressive provenance from private American collections.
Other top furniture lots include: a very rare and finely carved huanghuali floor screen that sold for more than 22 times its low estimate, realizing $2,228,000; a very rare and massive huanghuali corner-leg painting table brought $1,804,500; a rare twelve-panel huanghuali folding screen fetched $604,800. Strong prices realized for porcelain included: a very rare and exceptional famille rose daylily cup, which brought $1,381,000; a very rare doucai 'chicken' bowl, which realized $756,000; a large and rare blue and white chrysanthemum dish, which made $655,200.
Asian Art Week continues with three online auctions that remain open for bidding until next week.