Asia

THE auction record for an English clock was broken at Christie's Hong Kong last month when a late 18th century example by horologist Henry Borrell sold for HK$32m (£2.16m).

The highlight of the Asia week series of auctions put on by the major salerooms was an impressive early Japanese wood sculpture of Buddha. It set a new auction high for a Japanese work of art when it was hammered down to the Japanese company Mitsukoshi Co Ltd for $12.8m (£6.7m) plus premium in Christie’s sale of Japanese and Korean art on March 18.

WHEN bidders turned up at the first Indian Premier League cricket player auction in Mumbai last month, it was an antiques auctioneer from England they found on the rostrum.

BUSINESS from China increased fivefold for the Fine Arts Society in 2007, helping to bring the company the highest turnover in their 131-year history.

THE new year will see a new auction house open in India – with a wide remit to develop the domestic and international markets.

Shanghai seems all the rage these days. Hot on the heels of the launch of two new international fairs — ShContemporary in early September, and the Shanghai Antiques & Jewellery Fair (October 13-21) — Artcurial are opening premises on Yongjia Lu, in the French Concession district of Shanghai, to stage lectures and exhibitions, as well as hosting an art bookshop — much along the lines of the firm’s Paris HQ at the Hôtel Dassault on the Champs-Elysées.

DATES for the launch of The Beijing International Chinese Antique Fair have been moved to November 30-December 4 from November 28 to December 2 as initially announced. This is described as an important Government project and, as such, special services for exhibitors and visitors are being arranged.

November launch for ‘international’ event

But move will fail to curtail smuggling of pre-1911 objects via Hong Kong

Not one but two international auction houses conducted sales series in Hong Kong in May.

Imperial Chinese ceramics and works of art are at the centre of a raging bull market. Auction prices have skyrocketed thanks to fierce competition between Western dealers, collectors and a large body of Asian buyers, many Chinese mainlanders amongst them. With the major Spring sales in China staged during a six-week period from mid-May to early July, ATG brings you a timely lowdown on the auction scenes in Beijing and Shanghai.

The Asian art juggernaut thunders on with little sign of any slowdown in the market. If anything, the pace seems to be intensifying.

BELGIAN art dealer Maximin Berko is the driving force behind the Shanghai Fine Jewellery and Art Fair which will be launched at the Shanghai Exhibition Centre from October 13 to 21 this year.

Bonhams have announced the opening of a new office in Hong Kong and three sales slated for May at Asia World Expo, the new exhibition centre there.

Contemporary art plans for Shanghai and Dubai

ATG's pioneering live bidding service went East on August 31 - participating in the sale of Oriental and Asian Coins, Medals, and Banknotes conducted in Hong Kong by Baldwin's in association with MA Tak Wo Numismatic Co. Ltd of Hong Kong and Monetarium Pte Ltd of Singapore.

A NEW record for Ming porcelain set by a king of Las Vegas provided the headline, but the real story of Christie’s anniversary series in Hong Kong was the rise and rise of Modern and Contemporary Asian art. This relatively new visitor to the global auction market has now eclipsed more traditional collecting disciplines as Christie’s biggest earner in Hong Kong.

THE value of UK exports of antiques to Hong Kong almost trebled in 2005 according to the latest Customs figures.

The current boom in the market for Chinese Contemporary paintings could hardly be better illustrated than by the way sale statistics have been leapfrogging around the globe in the last couple of weeks.

The emerging class of wealthy Chinese buyers continues to boost the top-end of the art and antiques market in the Far East. So it wasn’t a huge surprise that Sotheby’s set a house record in this autumn’s Hong Kong series, taking HK$850.9m (£61.7m) from seven sales.