Asia

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.

Christie’s, the first Western auction house to establish a representative office in China in 1994, have joined forces with Forever, a newly-established Beijing-based auction house, to hold their first sale in mainland China next month.

The Cultural Property Advisory Committee will meet next week to consider the request from the People's Republic of China to seek restrictions on Chinese works of art imported to America.

HONG KONG ASIAN SALES : When SARS broke out in Asia earlier this year, Sotheby’s decided to hold their Asian auction series in Hong Kong as planned in April, but Christie’s postponed their Hong Kong sales until early July. Sotheby’s may not have registered the same levels of Western interest in their two fine Chinese sales on April 27 (the combined 281 lots totalled a premium-inclusive HK$106,481,440), but like Christie’s, they reported increased mainland Chinese buying.

A Massachusetts auction house is being sued for breach of contract and malpractice after a Chinese vase it sold for $23,000 returned to auction six months later at Christie’s Hong Kong where it brought $1.55m.

Bowrings, India’s only specialist fine art auction house, is to close after just two years of business to allow for lengthy court proceedings against the Indian government. The auctioneers have filed a writ against the Indian Ministry of Culture’s regulatory body ASI (Archeological Survey of India) and the CBI (Central Bureau of Investigation) disputing the demand that they need a licence to operate and sell antiquities.

CHRISTIE’S, who have postponed their April Hong Kong sales because of the SARS outbreak, have now published a revised list of sale dates for July.

The twice-a-year Baldwin, Ma, Gillio, Monetarium sale of Far Eastern coins this time took place in Singapore on March 6. There has been a sea-change in the type of goods offered. Hitherto Chinese coins of all periods have been on sale. The Chinese have a penchant for dollar-sized silver coins. Indeed there are many varieties which were struck for major cities in that vast country. What has changed is that in this sale there was an emphasis on these later coins.

The results of Hong Kong’s October Asian series underscored the increasing polarity in this market in which there seems no limit to collectors’ and dealers’ insatiable desire for the best Qing dynasty mark and period porcelain or quality Chinese works with good provenance, but little interest in more standard Oriental fare.

THE chances of China allowing private trading in cultural objects have increased with the third round of debates on amending the law.

KAARU is a design-led developmental initiative from India which has already achieved much in sustaining the sub-continent’s rich but threatened traditional arts and crafts.

Early Qing imperial porcelain has long been the darling of the Hong Kong Chinese auctions so when a Qianlong (1736-95) mark and period dragon vase with a previously unpublished pattern came up at Sotheby’s (20/15/10% buyer’s premium), Hong Kong on October 29, sparks flew and an auction record was set for a piece of Qianlong porcelain.

CHRISTOPHER Elwes, former managing director of Bonhams, and Indian art expert Patrick Bowring have broken new ground by opening India’s only specialist fine art auction house. They will hold their first sale in Delhi on November 5 and aim to create a network of offices to service the Indian market.

The annual Hong-Kong coin sale presided over by Baldwin-Ma-Gillio-Monetarium is always a big draw. This one, number 33, including the semi-annual sales at Singapore, is scheduled for August 30.