Sotheby’s First Singapore Auction in 15 Years Is a Success, Signaling Southeast Asian Art Market’s Strength

At its first sale Singapore in 15 years, Sotheby’s raked in SG$24 million on Sunday, exceeding the auction’s pre-sale estimate of SG$18 million .

“It was surprising to meet a number of collectors from mainland China. From my interactions and observations at the event, I found that some collectors had recently relocated to Singapore and were starting their collections there,” he added.

Despite the strong sale results for the 50 lots on the block yesterday afternoon, only three paintings hammered beyond SG$2 million . Following an intense back and forth of bidding by buyers on the phone with Felix Kwok, Sotheby’s director and head of modern art in Asia, and Prasetio, William Gerard Hofker’s

The only female artist associated with a Singaporean art movement known as the Nanyang School, Chen has been enjoying a resurgence of late. Last December, Christie’s Hong Kong for SG$1.8 million, more than double its high estimate, setting an auction record for the artist. Sunday’s sale marked the second time Chen’s record had been re-set in a 12-month span.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Bonds enter first bear market in at least 30 yearsThe bond market has entered its first bear market in more than 30 years. I'm JESUS ​​CHRIST 'Michael Archangel'the Vengeance and every kind of payment belong to me!There will be so much famine that you will eat the flesh of your children,and each one will eat the flesh of his neighbor.I am the angel of death,the son of God.When I act who will stop me? inflation...
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »