Art Market Monitor

Bloomberg reports another record set for Indonesian artist I Nyoman Masriadi in Sotheby’s Modern and Contemporary Southeast Asian Painting sale in Hong Kong. The canvas from 2000 sold for more than HK$7.8 million ($998,000) which was five times the high estimate for the work (though estimates do not include the buyer’s premium.)

Also of Interest:

• Masriadi Speaks
  The retrospective Masriadi’s work at the Singapore Art Museum closed yesterday. But the show coincided with the artist’s work achieving...
  
• Bloomberg’s Glass Is Half-Empty on Southeast Asian Art
  Le-Min Lim files this take on the Southeast Asian sale Sotheby’s just held in Hong Kong. Bloomberg decides to go...
  
• King Kong
  Christie’s Week of Sales in Hong Kong nets $310 million; 50 Lots sell for more than $1 million. Christie’s holds...
  
• Indonesia’s Super Hero Artist
  These days you’re not a serious emerging market unless you have a serious emerging art market star. Indonesia nominates...
  
• Solid Results for Sotheby’s in HK
  The Fine Chinese Paintings sale brought in $16.6 million for Sotheby’s in Hong Kong today. Southeast Asian Contemporary art continued...