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Sotheby's Chinese Ceramics/WoA Makes $15.5m

September 17, 2009 by Marion Maneker

Sotheby’s Chinese Works of Art and Ceramics sale carried through the Asia Week excitement yesterday as their Sackler items soared to three times the high estimate. The auction housed cleared $15.5m during two sales yesterday. The Sackler collection made $4.6m and the various owners sale brought in $10.9m.

The Sackler sale was 95.4% sold by lot. The most valuable item sold was a Pair of Huanghuali Compound Cabinets and Two-Drawer Stands from the 17th century, which brought $1,022,500 against a high presale estimate of $180,000. The various owners sale also topped the pre-sale expectations to bring $10,917,425 (est. $5.1/7.1 million.) It was 74.9% sold by lot. The two sales brought a combined total of $15,532,479 (combined est. $6.2/8.6 million).

Sotheby’s expert, Dr. Caroline Schulten, says that 70% of the lots that sold in the various owners sale went for prices above the high estimates. That’s a testimony to the strength of the Asian market. Sotheby’s will hold its Hong Kong sale cycle in early October.

Sackler Collection Top Ten

Sotheby's Chinese WoA w/ Sacklet TT

Sotheby’s Various Owners Top Ten

Sotheby's Various Owners Top Ten

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Filed Under: Auction Results

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