Breaking records, Christie's New York Asian Art Week US$330m sales

At the "battle" of Impressionist & Modern Art sales in London this year, Christie's was greatly "defeated" by Sotheby's, as the former's sale total is £58m less than the latter. At New York Asian Art Week sales, Christie's struck back, achieving over US$330m, the highest total ever for an auction series.

Among the 7 sales in total, "Fujita" sale fetched over US$260m, surpassed the previous record for any Asian Art Week series in auction history. The top lot of this sale and the entire sales series, "Chen Rong as catalogues in Shiqu Baoji, Six Dragons", was sold for nearly US$49m, setting an auction record for a Chinese painting sold outside of Asia. The second top lot of the "Fujita" sale, a bronze fangzun of the late Shang dynasty fetched US$37m, is now the new world record for an archaic bronze.

The "Himalayan" sale also set new record, as its top lot, large black stone figure of Lokanatha Avalokiteshvara fetched US$24.6m, breaking the world auction record for any Indian work of art and any South or Souteast Asian work of art. The selling rate of the entire sale series reaches 88%, which is quite rewarding.

 

Auction Summary of Christie's New York Asian Art Week

Date: 2017/3/15-17
Total Sales: US$332,783,188
Selling Rate: 88%

 

Auction Results of Individual Sales

Sale: Important Chinese Art from The Fujita Museum
Date: 2015/3/15
Total Sales: US$262,839,500
Selling Rate: 94%
Top Lot: CHEN RONG (13TH CENTURY) AS CATALOGUED IN SHIQU BAOJI, Six Dragons

Sale: Himalayan, Indian and South East Asian Art
Date: 2017/3/15
Total Sales: US$26,139,750
Selling Rate: 78%
Top Lot: A Large and Important Black Stone Figure of Lokanatha Avalokiteshvara, NORTHEASTERN INDIA, PALA PERIOD, 12TH CENTURY

Sale: The Marie Theresa L. Virata Collection of Asian Art: A Family Legacy
Date: 2017/3/16
Total Sales: US$25,352,749
Selling Rate: 95%
Top Lot: A VERY RARE HUANGHUALI CIRCULAR INCENSE STAND, XIANGJI, 16TH-17TH CENTURY

Sale: Fine Chinese Ceramics and Works of Art
Date: 2017/3/17
Total Sales: US$13,172,875
Selling Rate: 80%
Top Lot: A BRONZE RITUAL FOOD VESSEL, KANG GUI, EARLY WESTERN ZHOU DYNASTY, 11TH-10TH CENTURY BC

Sale: Fine Chinese Paintings
Date: 2017/3/15
Total Sales: US$3,335,375
Selling Rate: 77%
Top Lot: NI ZAN (1301-1374) Landscape - A Gift to Ban Yun

Sale: The Harris Collection: Important Early Chinese Art
Date: 2017/3/16
Total Sales: US$1,101,250
Selling Rate: 93%
Top Lot: A VERY RARE GILT-BRONZE FELINE-FORM ORNAMENT, NORTH CHINA, 1ST-2ND CENTURY AD

Sale: The Ruth and Carl Barron Collection of Fine Chinese Snuff Bottles: Part IV
Date: 2017/3/15
Total Sales: US$841,687
Selling Rate: 100%
Top Lot: AN INSCRIBED WHITE JADE SNUFF BOTTLE IMPERIAL, PALACE WORKSHOPS, BEIJING, 1770-1799

(prices include buyer's premium, unless otherwise stated)