Michaan’s record-setting Asian art auction tops $2.8M
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.
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.
Chinese ceramics often surpassed estimates. A pair of underglaze blue dragon motif jars sold at $38,350 (est. $2,000-$3,000).
A Qianlong marked Famille Rose vase depicting the Three Star Gods sold for $10,620 (est. $1,000-$1,500).
For general information please call Michaan’s Auctions at 510-740-0220 ext. 0 or e-mail firstname.lastname@example.org.
Click here to view the fully illustrated catalog for this sale, complete with prices realized.