Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Chinese Invade English Provinces

May 24, 2010 by Marion Maneker

The English country homes have been a vast treasure house of Chinese works of art. Many in the trade feel that the best of the objects residing there have already been sold back to dealers in London. Now the trade looks to the US to satisfy the hunger from mainland China’s new class of collectors. But don’t count the British out just yet. Over the last three years, the regional auction house of Woolley & Wallis has held a May sale of Asian art that grew 20% by lot from 2008 to 2009 and 10% from 2009 to 2010. More than that, this year they blew away all previous records, according to The Art Newspaper:

The blockbuster Asian Art auction, held on 19-20 May, totalled a premium-inclusive £8.8 million, against pre-sale estimates of £2.5m-3.5m. This blew away the previous record of nearly £6m, also set by Woolley & Wallis at the Asian Art sale last May when a late 18th-century Imperial Qianlong jade waterbuffalo made £4.2m. According to the auctioneers, over 95% of the lots by value were bought by collectors from mainland China—a reflection of the increasing number of wealthy Chinese who are determined to repatriate their cultural heritage.

Jade Bell Rings in Record Sale for Regional Auction House (The Art Newspaper)

More from Art Market Monitor

  • Christie’s Announces 1000-year-old $50m Su Shi ScrollChristie’s Announces 1000-year-old $50m Su Shi Scroll
  • Sotheby’s Brings Pair to Re-Discovered Vase to Hong KongSotheby’s Brings Pair to Re-Discovered Vase to Hong Kong
  • French Regional Auction Sells Chinese Moonflask for $5.7mFrench Regional Auction Sells Chinese Moonflask for $5.7m
  • Chinese Chairs Spike 35x High Estimate at BonhamsChinese Chairs Spike 35x High Estimate at Bonhams
  • Sotheby’s Sets New $37.7m Record for Chinese Ceramic BowlSotheby’s Sets New $37.7m Record for Chinese Ceramic Bowl
  • Christie’s Astounding Fujita Sale Had Buyers Taking Home Multiple LotsChristie’s Astounding Fujita Sale Had Buyers Taking Home Multiple Lots

Filed Under: Auction Results Tagged With: Chinese Works of Art

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor