Filipino Contemporary art has been selling very well at auction in Hong Kong and Singapore, so it shouldn’t be surprising that Manila is getting its first auction house. The new venture ran a trial sale recently and is now embarking on its first auction on July 24th which will combine Contemporary art with jewelry, decorative objects and collectible accessories, according to the Manila Bulletin:
Salcedo Auctions’ (Three Salcedo Place, Salcedo Village, Makati City) daring venture may even be timely considering the subtle, barely noticeable but ground-breaking shifts that the local art market is experiencing at present. According to Karen Kua-Lerma, the president of Salcedo Auctions, the art market—at least in Metro Manila—seems to be changing locales anew with regards to its center. This is one of the reasons why they decided to put up the auction house’s premises in Salcedo Village in the first place. This area, she explains, is experiencing an art-related boom of sorts. […] “We have 90 lots, featuring 52 Filipino artists, one international artist, and the rest a combination of jewelry and other artworks,” says Karen.
Karen and Miguel agree that several pieces will most likely stand out. Notable among these is an original plaster sculpture of Filipino artist Isabelo Tampingco called “La Mujer en Reposo,” which is probably one of the most expensive items up for auction.
A Peek at the Country’s First Auction House (Manila Bulletin)