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Daniel Komala Wants Some Credit

April 2, 2010 by Marion Maneker

Daniel Komala’s Larasati was a pioneer in the field of Indonesian Contemporary art. With Sotheby’s Hong Kong sale this weekend brimming with Indonesian painters, Le-Min Lim talks to him about his role in establishing the category:

Europeans and Americans began buying Chinese contemporary art a few years back and are only just waking to Southeast Asian culture, says Sandra Walters, a collector who runs a namesake Hong Kong art consulting company. Masriadi’s works don’t receive as much exposure as those of Damien Hirst and therefore they fetch less money, she says.

Masriadi and Agus Suwage made their auction debut at Komala’s company a few years back and their works were going for a pittance before Larasati’s bigger rivals Sotheby’s and Christie’s International began selling them, says Komala, 47.Continue Reading

Indonesian Art Stars in HK

March 29, 2010 by Marion Maneker

The Jakarta Globe takes great pride in the growing prominence of Indonesian contemporary art. Here’s their exploration of the upcoming Sotheby’s sale in Hong Kong of Indonesian art:

On April 5, the Sotheby’s Hong Kong spring sale is set to feature a group of artists from Indonesia. According to Mok Kim Chuan, head of Sotheby’s Southeast Asian Paintings Department, 78 of the 145 artworks that are to be auctioned off are by Indonesian artists.

“We will continue to introduce to collectors a wide array of exceptional Indonesian art, including the very rare Lee Man Fong’s ‘Bali Life,’ which boasts excellent provenance as it was originally given by the artist to a friend in the early 1960s,” Mok said. “It is one of the outstanding examples in Lee’s acclaimed Balinese series.”  The chosen works of modern and contemporary pieces, previewed at Sotheby’s Jakarta office in early March, include Affandi’s “Cuenca,” I Nyoman Masriadi’s “I’m Still Lucky” and Agus Suwage’s studies of human psychology, “I See, I Hear, I Feel” and “Don’t Be Amazed, Don’t Be Entitled.”

The sale of these works offers a glimpse of how far Indonesian artists have come in making a name for themselves in the global market. For example, while modern works by the likes of Affandi, Lee Man Fong, S Sudjojono and Hendra Gunawan continue to appeal to collectors, it was I Nyoman Masriadi’s “The Man from Bantul” that set a world record for a contemporary Southeast Asian painting when it sold for $1 million in 2008. […] According to Mok, it was in 2006 that Southeast Asian contemporary art “began taking an upward swing in recognition and sales.” Continue Reading

Indonesian Art Attracting Interest in Singapore

March 16, 2010 by Marion Maneker

Singapore’s Straits Times covers the local auction surprises:

MASTERPIECE Auction House’s first auction of the year at Sheraton Towers on Sunday was a mostly quiet affair until Indonesian master Ahmad Sadali’s 1965 mixed media on canvas work showed up on the block. Titled Abstraksi Pintu Surga, the abstract work by the late artist was priced at $40,000 but in 10 minutes, a three-way bid drove the hammer price up to $230,000. […] Mr Benny Raharjo, 49, president of the auction house, said: ‘I did not expect Sadali’s work to sell for $230,000. I thought it would go up to $150,000. Achieving this price is a good achievement for us. It shows that confidence in the art market is returning slowly.’

Art Market Picking Up (Straits Times)

Buyer's Remorse in Indonesian Art

November 17, 2009 by Marion Maneker

Dr Xiaoyan BaumannThere’s a conflict in Singapore between a young collector (left) who is She is president of Singapore Medical Group (SMG) and ceo of SMG’s subsidiary The Lasik Surgery Clinic, and an older Indonesian-born seller. The couple bought a clutch of paintings including work by Walter Spies , Xu Beihong, Hendra Gunawan and Affandi that they seem to regret:

Dr Xiaoyan Baumann, 40, wants a refund of $300,000 for 17 paintings and a wood carving she and her husband had bought. Continue Reading

Sing Out, Singapore!

October 13, 2009 by Marion Maneker

Adrien-Jean Le Mayeur, The Garden at SanurBloomberg‘s Adam Majendie wraps up a weekend of serious art selling in Singapore as two auction houses and one art fair cleared approximately S$19m worth of art or $13.6m. The two auction houses are Borobudur, which beat its own S$8m estimate to make S$9.6m, and 33 Auction, which sold S$4.4m. Both houses scored big numbers with Indonesian sensation Masriadi:

Borobudur’s star lot, “The Garden at Sanur,” by Adrien- Jean Le Mayeur de Merpres (1880-1958), sold for S$960,000. The oil painting, showing different depictions of the artist’s Balinese wife, Ni Pollock, in a garden by the sea, had a presale high estimate of S$800,000. It was beaten by Liu Wei’s oil painting “Landscape,” which fetched S$984,000, also exceeding its estimate.Continue Reading

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