Art Market Monitor

Global Coverage ~ Unique Analysis

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

Chinese Collectors Show Strength for High Quality Works at the Peter Elliott Estate Sale in Australia

September 2, 2015 by Marion Maneker

Peter Elliott Sale Mossgreens

The rest of the Peter Elliott sale at Mossgreens in Australia was a spectacular blow out with a 98% sell through rate:

All up, across three days and 1015 lots, the Elliott collection brought in $7.03 million with all but 22 lots finding a buyer.

What’s even more interesting for those spooked by the Chinese slowdown is that all of the Chinese works went to buyers in the Mainland or Singapore:

It helped that Mossgreen marketed the sale heavily, including with a viewing in London. Sumner reports buyers from Germany, France and Britain pursued the Oceanic art, particularly the Papua New Guinea artefacts and bulul figures from the Philippines. Results for these figures varied, but leapt as high as $41,480 against an estimate of $3000 to $5000 for one pair.

Sumner says virtually all the Chinese art went to buyers in China and Singapore, something that “has been a pattern for a while”. The sale was particularly enticing to these buyers, he says, because Elliott bought many of the pieces in the 1970s before reproductions became as prevalent. The top lot, a Longquan mallet vase from the 13th or 14th century, made $73,200 on a high estimate of $5000, and a tripod censer from the same period made $53,680 on an estimate of $2000 to $3000. The Asian art section made $1,347,880 against a low estimate of $282,330. All up, Paul Sumner and co had plenty to smile about.

After three days and 1015 lots, Peter Elliott collection a virtual sellout (afr.com)

More from Art Market Monitor

  • Condensed KandinskyCondensed Kandinsky
  • You Can Live in an Art Dealer’s Brooklyn TownhouseYou Can Live in an Art Dealer’s Brooklyn Townhouse
  • Ai Weiwei’s Zodiac Heads to Be Offered This February at Phillips in London with £2-3m EstimateAi Weiwei’s Zodiac Heads to Be Offered This February at Phillips in London with £2-3m Estimate
  • Imperial HermitageImperial Hermitage
  • Artelligence for August 23, 2018Artelligence for August 23, 2018
  • Safra Said to be Giacometti BuyerSafra Said to be Giacometti Buyer

Filed Under: General

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
 

Loading Comments...