Michaan’s record-setting Asian art auction tops $2.8M

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This underglaze blue and Famille Verte stem bowl sold for $82,600. Michaan’s Auctions image

This underglaze blue and Famille Verte stem bowl sold for $82,600. Michaan’s Auctions image

ALAMEDA, Calif. – Michaan’s Fine Asian Works of Art auction on June 22 established records and broke new sales ground. The highlight, Fu Baoshi’s (1904-1965) hanging scroll titled Lady by the Bamboo, set a new U.S. auction record for the artist, realizing $1.41 million. LiveAuctioneers.com provided absentee and Internet live bidding.

The painting by the revolutionary Chinese artist came from the estate of Mr. and Mrs. David Galula and was secured by a Chinese buyer based in New York. The sale price represents Michaan’s single highest selling painting to date. The next of the auction’s top five performers was yet another painting from the Galula estate in Lin Fengmian’s Boats at Shore, which more than doubled estimates at $88,500.

Fu Baoshi’s hanging scroll ‘Lady by the Bamboo’ (left) sold for $1,410,000, more than seven times its estimate. ‘Mandarin Ducks,' attributed to Shen Quan (1682-1765), achieved $64,900. Michaan’s Auctions images

Fu Baoshi’s hanging scroll ‘Lady by the Bamboo’ (left) sold for $1,410,000, more than seven times its estimate. ‘Mandarin Ducks,’ attributed to Shen Quan (1682-1765), achieved $64,900. Michaan’s Auctions images

The Qing dynasty scroll Mandarian Ducks (above right) attributed to Shen Quan, sold for over six times the high estimate for $64,900 (est. $8,000-$10,000).

An underglaze blue and Famille Verte stem bowl of the Jiaqing mark and period achieved $82,600 (est. $15,000-$20,000).

A reticulated white jade plaque proved to be a sleeper hit with bidders, realizing over nine times the high estimate (est. $4,000-$6,000). The 18th century piece stands as the top lot from the jade and hardstone carvings portion of the catalog, admired for its even white hue and fine, auspicious, openwork carvings. An Internet buyer in China utilizing LiveAuctioneers.com won the plaque at a whopping $56,050.

White jade plaque sold to a LiveAuctioneers.com bidder for $56,050. Michaan's Auctions image

White jade plaque sold to a LiveAuctioneers.com bidder for $56,050. Michaan’s Auctions image

Chinese ceramics often surpassed estimates. A pair of underglaze blue dragon motif jars sold at $38,350 (est. $2,000-$3,000).

Pair of underglaze blue dragon jars. Price realized: $38,350. Michaan’s Auctions image

Pair of underglaze blue dragon jars. Price realized: $38,350. Michaan’s Auctions image

A Qianlong marked Famille Rose vase depicting the Three Star Gods sold for $10,620 (est. $1,000-$1,500).

This Famille Rose vase sold for $10,620. Michaan’s Auctions image

This Famille Rose vase sold for $10,620. Michaan’s Auctions image

For general information please call Michaan’s Auctions at 510-740-0220 ext. 0 or e-mail info@michaans.com.

Click here to view the fully illustrated catalog for this sale, complete with prices realized.

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