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:
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.