CHICAGO – Hindman’s June 25-26, Asian Works of Arts auction continued the department’s trend in achieving solid results, yet again surpassing presale estimates. Strong presale interest and competitive bidding over multiple telephone lines and online bidding platforms helped push the sale total beyond expectations, ultimately realizing $1.2 million. Absentee and Internet live bidding was available through LiveAuctioneers.
Bidders participated from around the globe, but the most enthusiastic bidding came from mainland China where the interest in acquiring Chinese works of art remains high. While interest was strong across all categories, the truly rare and most exquisite works of art saw robust bidding, driving the auction to its outstanding result.
The top lot of the auction, a 17th century white glazed figure of Budai Buddha depicted seated with flowing robes (above), sold for $83,200 against a presale estimate of $4,000-$6,000. Offered as part of the collection of the Detroit Institute of Arts, the provenance, age and condition all contributed to this stellar result. Additionally, the cover lot of the sale, a rare incised and green enameled porcelain dragon bowl decorated with a writhing bright green dragon among clouds (below) realized an exceptional $81,250. This 16th century bowl was consigned as part of a Lake Forest, Illinois, estate and was estimated at $15,000-$20,000.
Jade continued to see extraordinary results as well, with a beautifully carved celadon jade incense burner selling far above its estimate of $400-$600, ultimately realizing $28,160. Intense online bidding drove the price to a staggering 70 times the estimate.
Another highlight from the auction was a famille rose porcelain plaque depicting a group of boys, with the artist’s seal, Wang Qi hua yin. This early 20th century painted plaque, from the estate of Col. John L. Walker and Mattie Mae Walker of Mexico, Missouri, realized $18,750 against an estimate of $1,000-$2,000.
The second day of the auction was highlighted by a group of 10 Chinese famille rose porcelain vases (lot 421) that sold for $15,000. These vases, all decorated with birds and flowering branches came from a private collection and held a presale estimate of $150-$250.
The Asian Works of Art auction was held at Hindman’s Chicago saleroom on June 25-26 with all bidders participating remotely. As has been the trend throughout the spring and early summer, online bidding largely drove the action, accounting for over half of the sale’s bidders.
View top auction results on LiveAuctioneers here: https://www.liveauctioneers.com/pages/recent-auction-sales/