SOUTHEAST ASIAN ART AUCTION HONG KONG
Christie’s decision to include Southeast Asian art in their Hong Kong autumn 2011 Asian 20th century and contemporary art sales along with art from China and the other parts of East Asia is indicative of how far this emerging market has come in recent years.
This autumn, leading global auction house Christie’s will mark another significant milestone in the auctions of Asian 20th century and contemporary art. Previously sold in a separate category, Southeast Asian modern and contemporary art will be integrated into the Asian 20th century & contemporary art sale, enjoying a new level of international exposure when placed alongside the art from China, India, Japan and Korea. This integration – a first for any international auction house – completes the consolidation of contemporary and modern art from different parts of Asia to create a wider pan-Asian category that is a parallel to its Western counterpart.
Although the auction’s highlights are dominated by Chinese names, there is a Southeast Asian presence, most notably in the form of Indonesian artists such as I Nyoman Masriadi, Affandi and Eko Nugroho.
This initiative will not only allow easier access to works and artists from Southeast Asia, but also show investing individuals and organisations that “the strong prices seen across a broad spectrum of Asian masters show that the market in this region is maturing in much the same way that the London and New York art markets have developed,” as stated by Eric Chang, who is the driving force behind the idea of promoting Asian art from a regional to an international level.
Christie’s Asian 20th Century and Contemporary Art Sales will consist of four auctions, taking place over two days in the form of two evening sales on 26 November, followed by two day sales on 27 November, and will be launched with the “Faces of New China: An Important Private Collection“, a featured single-owner evening auction that is comprised of fifteen works of contemporary Chinese art by artists of the Chinese avant-garde including Zhang Xiaogang, Yue Minjun, Cai Guoqiang, Liu Ye and Tang Zhigang.
This will be followed by “East fusing with the West”, a series of important and highly sought after works by Zao Wou-Ki, which “traces Zao’s creative expedition from figurative representation to abstraction, presenting collectors with a profound insight into the most crucial transitional phase in the evolution of [his] career.”
The Asian 20th Century and Contemporary Art Evening Sale and the Faces of New China: An Important Private Collection Evening Sale will take place on 26 November 2011 at 7pm, while the Asian 20th Century Art Day Sale and the Asian Contemporary Art Day Sale will take place on 27 November 2011 at 10am and 3pm respectively. All of the sales will take place at the James Christie Room, Grand Hall, Hong Kong Convention and Exhibition Centre.
- Chinese collectors no longer follow cues from West, says Wall Street Journal – November 2011 – Differences in Western and Chinese art appreciation the cause for art boom in China?
- Sotheby’s Ullens Collection: private collection sales stay strong – October 2011 – Single owners sales debated to be the way forward, will this trend meet demand?
- Auction houses grow: Can art dealers compete? The Art Newspaper – August 2011 – As markets grow closer, auction houses are taking over, will they succeed in Asia, especially China/ Hong Kong?
- What art fairs will contemporary galleries be heading to in 2011? – June 2011 – Asian art fairs seem to become more dominant and international, will the trend continue?
- Deutsche Bank signs 5 year lead sponsorship deal with ART HK – December 2009 – With support from financial giants, is Asian art going to grow the same way as Western art markets?
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