Filipino Contemporary art has been selling very well at auction in Hong Kong and Singapore, so it shouldn’t be surprising that Manila is getting its first auction house. The new venture ran a trial sale recently and is now embarking on its first auction on July 24th which will combine Contemporary art with jewelry, decorative objects and collectible accessories, according to the Manila Bulletin:
Salcedo Auctions’ (Three Salcedo Place, Salcedo Village, Makati City) daring venture may even be timely considering the subtle, barely noticeable but ground-breaking shifts that the local art market is experiencing at present. According to Karen Kua-Lerma, the president of Salcedo Auctions, the art market—at least in Metro Manila—seems to be changing locales anew with regards to its center. Continue Reading