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09/13/2017 | Press release | Distributed by Public on 09/13/2017 17:08

New Bidders Drive $13 Million Important Chinese Art Auction at Sotheby's New York

New York | +1 212 606 7176 | Dan Abernethy | Dan.Abernethy @Sothebys.com | Midori Tanaka | [email protected]

New Bidders Drive $13 Million Important Chinese Art Auction at Sotheby's New York

Rare Yellow and Green-Enameled Blue and White 'Lotus' Vase Achieves $1,116,500, Estimate $60/80,000

Four Tang Masterpieces from an Important Japanese Private Collection Total $1.1 Million, Total Estimate $330,000/490,000

NEW YORK, 13 September 2017 - Sotheby's auction of Important Chinese Art totaled

$12,975,000, significantly above its high estimate of $9.9 million. With strong prices across all of its collecting categories - porcelain, pottery, furniture and jade - the auction highlighted the strength and diversity of Chinese Works of Art. Asia Week continues tomorrow with Fine Classical Chinese Paintings & Calligraphy and on Saturday with Saturday at Sotheby's: Asian Art.

Angela McAteer, Head of Chinese Works of Art at Sotheby's New York, commented: "We were delighted to see new clients driving today's success. They participated throughout the sale, from our

top lots to lower value pieces, demonstrating the continued appetite and enthusiasm for Chinese Works of Art at auction."

The auction was led by a Rare Yellow and Green-Enameled Blue and White 'Lotus' Vase, Qianlong Seal Mark and Period (first page, right). Garnering attention throughout the five-day public exhibition and drawing bids from over five collectors in the room and on the telephones, the pear- shaped work of art with exquisite composite lotus and chrysanthemum scrolls sold to applause when it fetched for $1,116,500 (estimate $60/80,000).

Monochromatic works of art were also enthusiastically received. Finely potted and delicately glazed, a 'Clair-de-Lune' Glazed Brush Washer is a fantastic example of ceramics from the Kangxi Period. Consigned by a Denver Private Collection, the striking tian lan (sky blue) vessel achieved $384,500 (right, estimate $60/80,000). A Rare Carved

Pale Turquoise-Enameled 'Kuilong' Bowl, Yongzheng Mark and Period also found substantial interest in the salesroom. Coming to auction for the first time since its acquisition prior to 1942, this well potted and finely carved bowl sold $275,000 against a pre-sale estimate of $50/70,000.

Amongst the pottery lots offered in today's sale of Important Chinese Art, a group of four Tang Dynasty masterpieces from an Important Private Japanese Collection attracted a great deal of attention. The collection, carrying a pre-sale estimate of $330/490,000, totaled over two times the high estimate, achieving $1,104,000. Four bidders chased a strikingly elegant

and beautifully decorated Rare Sancai-Glazed Pottery Rhyton, before it sold to an online bidder for

$516,500, over seven times the high estimate of $70,000 (left).

Huanghuali remains highly coveted at auctions, with three pieces of furniture achieving over $100,000. A Large 'Huanghuali' Corner-Leg Painting Table (Huazhuo) from the Qing Dynasty, 18th Century, notable for its large size and depth - creating a generous surface for free- unimpeded movement by the artist - fetched $250,000 (right), while a

'Huanghuali' Corner-Leg Low Table (Zhuo), also from the Qing Dynasty, 18th century, brought

$162,500, over five times the high estimate.

Rounding out the top lots of today's sale was an Exceptionally Large Jade Notched Disc (Xuanji) from the Collection of Dr. Peter M. Greiner. Dated Late Neolithic Period, Shang Dynasty, this unusually large disc of jade - the only other sold at the auction of the Collection of David David-Weill at Sotheby's Paris, and subsequently acquired by the Freer-Sackler Museum in Washington D.C., - initiated a competition between two telephone bidders that ended in a final price of

$300,000 (left, estimate $60/80,000).

SOTHEBY'S CHINESE WORKS OF ART AUCTIONS CONTINUE ON SATURDAY AND IN HONG KONG

Saturday at Sotheby's: Asian Art New York, 16 September 2017

Water, Pine and Stone Retreat Collection - Treasures Hong Kong, 3 October 2017

Song - Important Chinese Ceramics from the Le Cong Tang Collection Hong Kong, 3 October 2017

The Edward T. Chow 'Bajixiang' Bowl Hong Kong, 3 October 2017

Three Masterpieces from the Collection of an English Lady Hong Kong, 3 October 2017

The Heart of Tantra - Buddhist Art Including Property from the Nyingjei Lam Collection Hong Kong, 3 October 2017

Important Chinese Art Hong Kong, 3 October 2017

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Sotheby's has been uniting collectors with world-class works of art since 1744. Sotheby's became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby's presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby's BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby's offers collectors the resources of Sotheby's Financial Services, the world's only full-service art financing company, as well as the collection advisory services of its subsidiary, Art Agency, Partners. Sotheby's presents private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Global Fine Art Division, and two retail businesses, Sotheby's Diamonds and Sotheby's Wine. Sotheby's has a global network of 80 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).

*Estimates do not include buyer's premium. Prices achieved include the hammer price plus buyer's premium and are net of any fees paid to the purchaser where the purchaser provided an irrevocable bid.

Images are available upon request

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