Christie’s first Asian Art Week Online totals $8.95M

Asian Art Week Online

An iron articulated sculpture of a crow, Edo period (19th century), signed ‘Myochin Muneharu.’
Price realized: $100,000. Christie’s image

NEW YORK – Christie’s first-ever Asian Art Week Online totaled $8,952,625, establishing the highest total achieved for Asian art online-only sales with global participation from 22 countries.

The top lot of the week was an important painting by Tyeb Mehta (1925-2009), one of his earliest explorations of the Falling Figure, which realized $975,000, achieving the highest price for a South Asian Modern + Contemporary work sold since lockdown and setting a new benchmark for the category in an online auction.

“We are delighted with the strong results achieved for our first-ever online installment of Asian Art Week, which established new benchmarks for the value thresholds of transacting online for all categories of Asian art. Throughout the virtual sale week, we had buyers from 22 countries hailing from across Asia, Australia, Europe, and the U.S. with competitive bidding witnessed for each sale,” said Tina Zonars, co-chairman of Asian Art at Christie’s.

“This lockdown period has been an unparalleled time of change and innovation. As an organization we are leading the way with innovative offerings and developing digital platforms that allow us to serve our clients to the highest standards possible. We now look forward to our fall season of sales beginning in September in New York,” added Zonars.