Sotheby’s NY Asia Week Sales Total $63.5 Million

NEW YORK — Sotheby’s Auction House reports that its Fall 2016 Asia Week auctions achieved $63.5 million in aggregate sales, with all auctions exceeding their high estimate.

The strong results began with early Chinese art from the collection of legendary dealer Sakamoto Goro – with 100% of lots selling – and continued into the various-owners sale of Chinese works of art. Led by a Rare Turquoise-Ground Famille-Rose ‘Hui Mountain Retreat’ Teapot and Cover from the Qianlong Period, which surpassed its high estimate six times over, the auction of Important Chinese Art totaled $12.2 million.

Sotheby’s sales continued on Wednesday evening with the four-and-a-half hour session of The Roy and Marilyn Papp Collection of Chinese Paintings. In front of a packed salesroom, 94.3% of the lots sold, with The Kangxi Emperor’s Southern Inspection Tour, Section of Scroll IV fetching $9.5 million. Sotheby’s Classical Chinese Paintings department remained in the spotlight with their various-owner sale totaling $13,375,250, again, above the high estimate.

Asia Week closed with Saturday at Sotheby’s: Asian Art, an eclectic and accessible sale which achieved a total of $3.2 million.

Sotheby’s will hold its next Asia Week auctions in March 2017.

Auction Sales

Chinese Art Through the Eye of Sakamoto Gorō: Early Chinese Art
13 September
Achieved: 2,501,500 USD

Important Chinese Art
13 – 14 September
Achieved: 12,246,850 USD

The Roy and Marilyn Papp Collection of Chinese Paintings
14 September
Achieved: 32,245,375 USD

Fine Classical Chinese Paintings & Calligraphy
15 September
Achieved: 13,375,250 USD

Saturday at Sotheby’s: Asian Art
17 September
Achieved: 3,155,315 USD