Topic Archives: Auctions

The catalogue for Indian Saffronart’s 2011 Spring Online Art Auction is available on their website. Big names listed include Subodh Gupta, Jitish Kallat and Bharti Kher.

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Art Radar attended the preview for the upcoming Sotheby’s Ullens Collection contemporary Chinese art auction and brings you the highlights.

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Art Radar Asia has put together a list of this year’s biggest-selling Asian artists, compiled from the Artprice Annual Report (2009/2010). Out of the 500 international contemporary artists named by Artprice, 238 come from Asia. With artists like Yifei Chen (China), Anish Kapoor (India) and Takashi Murakami (Japan) topping the list, the results of this report are a testament to the continued growth of the Asian art market. Continue reading →

CHINESE INDIAN ARTISTS CONTEMPORARY SCULPTURE ART MARKET REPORT Three Indian and two Chinese artists are featured in Artprice’s top 10 of contemporary artists for auction revenue from sculptures. While the report’s contemporary painting segment features artists from the US, the … Continue reading →

“The Perfect Storm” is what Christie’s International CEO Steven Murphy called the company’s Hong Kong Autumn 2010 auctions that ended on 2 December. The auctions resulted in a total of USD414 million in revenue from art and collectables sales which is a 95 percent increase from last year. To follow on from our report on Sotheby’s record-breaking October auction results, we round-up what’s being said in the media about the Christie’s event. Continue reading →

Apparently oblivious to the recession, the Chinese art market posted its best-ever six-month auction earnings in the second half of 2009. Reflecting the rising importance of the Middle Kingdom in the world economy, China’s auction houses are claiming more and more spots in the world’s top 10 by revenue. Three of them appear in the Artprice Contemporary Art Market 2009/2010 Annual Report rankings. Continue reading →

For the last couple of years, the Malaysian art scene has been opening up to visitors. The 4th International Art Expo Malaysia, held at the end of October this year, attracted large numbers of visitors and buyers and the event has been instrumental in encouraging the Malaysian art market. While this expo is perhaps Malaysia’s best known international art event, the real story could be said to begin with Henry Butcher Art Auctioneers. Continue reading →

The Chinese Art Centre in Manchester, UK will hold the first ever auction of contemporary Chinese art in the country on 2 December. This silent auction will be accompanied by online bidding options. The fundraiser will include works donated by 29 artists including Gordon Cheung, Suki Chan, Dinu Li, Ed Pien, Ming Wong, Tsang Kin Wah and Pei Yuan Jiang. We include the press release in this event alert. Continue reading →

The seven day Sotheby’s Hong Kong Autumn 2010 sales series was a revealing and record-breaking event. Most artworks sold for well above estimates, mainland Chinese buyers outnumbered those from Hong Kong and Asian art sales eclipsed those of Western art. Art Radar trowels the media to find and summarise the best reports on the sales. Continue reading →

Thirty finalists have been chosen from over four hundred nominees from all over Asia Pacific for the 2010 Sovereign Asian Art Prize. For the first time ever the list includes works from Afghanistan, Kyrgyztan and Iraq. In another first, the Sovereign Art Foundation will hold a major fundraising event in Singapore, selecting twenty of the best works by Singaporean artists to be sold at a special auction dinner. Art Radar lists five of the finalists.

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ART AUCTION FUNDRAISER HONG KONG CURATOR INTERVIEW Para/Site Art Space, a non-profit organisation located in Sheung Wan, Hong Kong, will hold its annual Para/Site Fundraising Auction in early November this year. It will take place in the Kee Club, who … Continue reading →

ART PRICE DATABASE DEALER NEWS Artnet group, the leading art price database and online art auction company has chosen the year 2010 to branch out into a brand new venture: art dealing. And it chose a surprising venue for its … Continue reading →

ART AUCTION RESULTS SOTHEBY’S HONG KONG PRESS RELEASE We present you with the latest press release from Sotheby’s Hong Kong on their autumn sale of modern and contemporary Southeast Asian paintings: SOTHEBY’S HONG KONG MODERN AND CONTEMPORARY SOUTHEAST ASIAN PAINTINGS … Continue reading →

AUSTRALIAN MODERN AND CONTEMPORARY ART PRICES AND TRENDS As the 17th Sydney Biennale drew to a close, a recent article published on artprice.com reported on the improvement of the Australian modern and contemporary art market since 2007, despite its confinement to … Continue reading →

ART MARKET ART AUCTIONS CALLIGRAPHY DOHA Sotheby’s London recently announced it will hold the first ever international auction house sale dedicated solely to calligraphy in Doha, Qatar, at The Ritz-Carlton Doha hotel, on 15 December. The groundbreaking calligraphy auction Hurouf: The Art of … Continue reading →

ART MARKET INDIAN ART MODERN ART AUCTIONS For some time now, the Indian art market has been reviving after the post-2008 buying slump. New Delhi-based journalist John Elliott, who runs the current affairs blog Riding the Elephant, reports in a recent post … Continue reading →

ART AUCTIONS NEW TECHNOLOGY MOBILE PHONES Art Radar Asia has found a new tool available to collectors when bidding for artworks at auction – lots can now be won via mobile phone bids. As reported on the Saffronart website, the … Continue reading →

SEOUL AUCTION HOUSE RESULTS A recent article by The New York Times explains the market trends of recent Hong Kong newcomer, Seoul Auction’s two highly successful auctions held in 2009:  Korean collectors continue to acquire Western contemporary artists, Chinese artists … Continue reading →

GLOBALISATION CHRISTIE’S ART AUCTIONS Globalisation in the art market may be slowing down according to an article published recently in The Economist. In spite of the growing numbers of artists and buyers from locales ranging from Africa to Asia, May sales in New … Continue reading →

HONG KONG ART MARKET The state of the arts in Hong Kong are strong and flourishing, earning Hong Kong the high praise of being touted as Asia’s arts ‘promised land’ by Art +Auction Magazine in the March 2010 issue. The article … Continue reading →

INDIAN CONTEMPORARY ART MARKET OUTLOOK CEO of on-line Indian auction house Saffronart explains that the collector base for Indian art is changing Dinesh Vazirani is the CEO and Co-Founder of Saffronart, the world’s largest online auction house for fine art … Continue reading →

CHINESE CONTEMPORARY ART MARKET Chinese Contemporary Art Lots Sell Out in London Major auctions held in February 2010 in London featured impressive sales of Chinese contemporary art works reports Jing Daily with surprisingly high sell-through rates compared with works from other markets. The rising … Continue reading →

AUCTION PERFORMANCE It may be of some surprise that Asian artists have outperformed their Western counterparts in “first time auction results” during the height of the art market boom. According to ArtPrice’s 2008/2009 contemporary art market report, buyers are giving … Continue reading →

SINGAPORE AND HONG KONG’S COMPETING ART MARKET Singapore’s art scene has grown rapidly since its 1989 government mandate to recognize the “importance of culture and the art.” Thriving to a point that, according to The Wall Street Journal, Hong Kong–Asia’s … Continue reading →

ASIAN ART MARKET For the first time ever, the total auction revenue from “contemporary art in Asia” is greater than the total of the United States artprice reports. The statistics are collected from a 12-month period spanning from July 2008 … Continue reading →