Translate

          


Asian Art Sales in Hong Kong

Pubished August 18th, 2008

Beginning in 2009 Sotheby’s will consolidate its existing worldwide dedicated sales of Contemporary Asian Art in Hong Kong in the form of a Contemporary Asian Art Sale held twice yearly in April and in October. The newly-consolidated Contemporary Asian Art Sale will include exceptional works such as those from China, Japan, Korea and other Southeast Asian countries.





Related Articles

Sotheby’s Hong Kong Sales Oct 4-8

Sothebys Hong Kong Auction - April 8-11

Asian Contemporary Art & Chinese 20th Century Art May 24 -25

London Asia Art Week

Sothebys - Sales of Indian Art - March 19

Outstanding Sale of South Asian Modern and Contemporary Art

Pubished August 17th, 2008

NEW YORK - After the spectacular success of Christie’s South Kensington sale on June 2008 which set numerous world auction records, this season Christie’s New York is pleased to announce the sale of South Asian Modern + Contemporary Art on 16 September. The sale will offer major works from modern masters like Tyeb Mehta, Maqbool Fida Husain, Ram Kumar, and Jagdish Swaminathan, to cutting edge artists such as Subodh Gupta, Riyas Komu, Jagannath Panda, and Rashid Rana. The sale of over 120 lots is expected to realize in excess of $12 million.

South Asian Modern
After establishing the world auction record at $1.9 million Christie’s will be putting Tyeb Mehta in the spotlight again with Untitled (Yellow Heads), 1979 (estimate: $600,000-800,000). Since his early years as an artist, Mehta has used the canvas to express images in his most unique formal treatment that illustrates the struggles of contemporary society. His encounter with minimalist art, especially Barnett Newman, during his year long stay in New York in the late 1960s, has had far reaching influence in the entire opus of the artist’s career. By selectively utilizing formal elements of both minimalism and abstraction, Mehta, through a balance of form and color, reconstructs the figure in a lyrical synchronization—creating a style uniquely his own.

Self-taught artist, Maqbool Fida Husain, played an instrumental role in the development of modern and contemporary art in India. Referred to as the ‘Picasso of India’ by Forbes magazine and a founding member of the revolutionary Progressive Artists Group (PAG), Husain developed a style that merged Cubism, Expressionism, and Abstraction with traditional Indian forms and iconography. Ritual, 1968 (estimate: $600,000-800,000) is one of the most significant works by Husain and a suburb example of the fusion of Indian themes and Modernist style. Adopting the formal attributes of sculpture, Husain gives weight to each line and color constructing an image of female elders in a style which highlights the integral role of women in Indian society. Last spring, Christie’s once again proving its dominance in the market, achieved the world auction record for the artist at $1.6 million.

The sale also features an important figurative work by Ram Kumar who drew upon the influences of Amedeo Modigliani, Edward Hopper, and Fernand Legér. The record for the artist was established at Christie’s when Kumar’s Vagabond was
auctioned for $1.2 million. Untitled, 1961 (estimate: $400,000-600,000), depicts a young girl against a dark backdrop. The artist utilizes the characteristically pure line of Modigliani in the oval face and deep dark eyes, balanced delicately on an elongated neck. In this painting spatial depth is created with tonal variation and texture that translates into the artist’s later landscapes; making this work a
critical bridge between the two stylistic idioms. This enigmatic and suggestive portrait is a simple yet forceful characterization by a master.

Contemporary Art
Among the contemporary art offerings, Subodh Gupta takes center stage with four works of art. Gupta draws heavily from his own experience in culling material for his art, recasting traditional objects of Indian culture in contemporary media and contexts. This is evident in the stainless steel canisters and utensils used in Miter, 2007, number three from an edition of three, (estimate: $600,000-800,000). These everyday, utilitarian forms are taken out of their normal context and elevated to the status of luxurious commodities. In turn these utensils celebrate Indian tradition and culture through its very exploitation. In June 2008 at Christie’s London, the similar sculpture Untitled, achieved $1.18 million setting a new record for the artist. Like Jeff Koons’ charmed hearts and balloons, the shiny reflective quality ensures that the surrounding environment becomes part of the work. A true multimedia artist, Gupta moves between sculpture and paintings. In his painting, Steal 2, 2007 (estimate: $800,000-1,000,000) Gupta displays his virtuosity as a painter by combining pop and photorealist aesthetics into a uniquely Indian style.

Writer, political activist and painter Jagdish Swaminathan, was known to draw inspiration from folk and tribal art, miniatures and Indian mythology for his paintings. His painting, Untitled (Bird Mountain Series), 1973, (estimate: $300,000-500,000) is an expression of the artist’s perception of the “virginal state” of nature. Mountains, trees, rocks, and birds juxtaposed against pure expanses of color- induce a meditative stillness. Swaminathan’s vision of his mystical
landscape with weightless apparition-like forms floating in a luminous space brings to mind images of Paul Klee and Pahari miniatures paintings. A cornerstone to one of Swaminathan’s most well known series, Untitled, 1973, epitomizes the artist’s ability to capture the poetic grandeur of the natural world and immeasurable vastness of the spiritual realm in a solitary intimate reflection.

Another highlight comes from Rashid Rana, Pakistan’s most celebrated and well-known artist. Two Dimensions, 2007, (estimate: $80,000-120,000) depicts a monolithic skyscraper is a composite image made from ‘pixels’ of everyday Pakistani street scene. Rana uses his native urban environment of Lahore for inspiration and combines single tableaux of day-to-day life in grand compositions of contemporary existence. The duality of the image along with the ‘double take’ it creates is a key feature of Rana’s digitized imagery. Rana’s work has been showcased internationally and was featured at the Grid - Matrix held in 2006 at the Kemper Art Museum alongside masters such as Piet Mondrian, Agnes Martin, Robert Rauschenberg and Andreas Gursky.

Already holding Riyas Komu’s world auction record, set in Hong Kong, Christie’s is pleased to be offering Designated March of a Petro - Angel (or Desert March), 2006, (estimate: $60,000-80,000). Exhibited in the Arsenale of the 52nd Venice Biennale, 2007, this work is part of a larger series of six works featuring the actress from the Iranian film ‘Circle’ gazing in different directions. This painting addresses the plight of humanity in societies targeted by larger power-hungry nations or ‘neo invaders’. Komu depicts the actress enrobed in a head scarf, her gaze transfixed on an unknown object or person beyond the edge of the canvas. Through her anonymity, she becomes the symbol of universal womanhood and Komu’s composition becomes a tribute to the spirit of ordinary people with the extraordinary strength to survive.





Related Articles

Christies South Asian Modern and Contemporary Art sale

Record sale of South Asian Art at Christies NY auction

Asian Art Sales in Hong Kong

Sotheby’s Hong Kong Sales Oct 4-8

Asian Contemporary Art & Chinese 20th Century Art May 24 -25

Sotheby’s Hong Kong Sales Oct 4-8

Pubished August 9th, 2008

Sotheby’s Hong Kong Autumn Sales 2008 will be held at the Hong Kong Convention and Exhibition Centre from 4th to 8th October 2008. The sales include Chinese and Southeast Asian modern and contemporary art, Chinese classical paintings and works of art, jewellery and watches. This year too, as a new addition to the Hong Kong series of sales, Sotheby’s Hong Kong will host the Modern and Contemporary Asian Evening Sale for the first time. Overall, over 1,500 lots with an estimated value of approximately HK$2 billion/ US$256 million will be on offer, and selected highlights will be showcased during travelling exhibitions in Asia and New York in September, followed by a public exhibition in Hong Kong on the 3rd and the 4th October 2008.





Related Articles

Asian Art Sales in Hong Kong

Sothebys - Sales of Indian Art - March 19

Estella Collection of Chinese Contemporary Art

Spring Sales Of Contemporary Art In New York To Feature The Work Of Renowned Indian Artists

Sothebys Hong Kong Auction - April 8-11

India Vegetable Auction

Pubished August 5th, 2008

A vegetable auction centre was inaugurated by Khadi Board Minister K.Ramachandran at the Nilgiris Cooperative Marketing Society (NCMS).





Related Articles

China To Auction Vegetable Oils

eBay India appoints Ambareesh Murty as Country Manager

India CCI head favours spectrum auction

eBay India opens up to advertisers and marketers

India to hold 3G spectrum Auction

Lenovo Global Olympic Auction

Pubished August 2nd, 2008

PC company Lenovo is kicking off its final online auction of limited-edition notebook PCs inspired by the Lenovo-designed Beijing 2008 Olympic Torch.

Over the past six months, a series of “Cloud of Promise”-themed notebook PCs have been available for bidding at www.lenovohopefundauctions.com throughout 10-day periods. Many of these limited-edition notebook PCs were autographed by Lenovo Champions – athlete ambassadors – offering fans the opportunity to bid on and own a part of Olympic history. Lenovo is a Worldwide Partner of the Olympic Games and the Olympic Torch Relay.

The auctions took place in: Japan, Australia, UK, France, USA, Hong Kong, Argentina, China, India, Brazil and Canada. In this final week leading up to the Beijing 2008 Olympic Games, 10 notebook PCs, one from each of the participating countries, are being auctioned to conclude the program. By the end of the philanthropic campaign, a total of 31 limited-edition Lenovo notebook PCs will have been auctioned around the world.

One hundred percent of the proceeds from the auction will be distributed through the Lenovo Hope Fund to select philanthropies, including Right to Play and the International Red Cross to support the Sichuan earthquake relief efforts.





Related Articles

Olympic philanthropic auction in India

Mascon online auction platform selected by Patrizzi & Co Auctioneering

Christies Announces Online Dubai Auction

Pfizer Japan biotech and pharmaceutical lab equipment auction

eBay India offers Varanasi sellers an opportunity to trade globally UP is the fourth largest export seller base for eBay India

India to Auction More Oil and Gas Blocks by 2010

Pubished August 1st, 2008

BANGALORE, INDIA - Researched by Industrial Info Resources (Sugar Land, Texas) — India’s Directorate General of Hydrocarbons has announced that it is compiling a national data repository comprising geological information of the country’s basins and fields. The goal is to ensure integrity and transparency both before and during the process of exploration. The directorate plans to auction coal bed methane (CBM) blocks later this year or early next year, as CBM is being looked upon as an alternative way of reducing India’s major energy deficit. Three rounds of international CBM auctions have been held so far, attracting bids from companies such as Santos (Adelaide, Australia) and BP PLC (NYSE:BP) (London). India has signed a memorandum of understanding with Western Australia whereby the countries will work together in CBM, liquefied natural gas, and oil and gas exploration and production. Australia’s Arrow Energy Limited (ASX:AOE) (Brisbane, Queensland) already has three CBM blocks in India. Gas production from a CBM block has already begun but the maximum effects are expected to be visible when CBM blocks with Oil and Natural Gas Commission (ONGC) (Dehradun, Uttarakhand) and Reliance Industries Limited (BOM:500325) (Mumbai) go into production next year.
For details, view the entire article by subscribing to Industrial Info’s Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=136205, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to oilandgasproductiongroup@industrialinfo.com or visit our website at www.industrialinfo.com.





Related Articles

India CCI head favours spectrum auction

India plans biggest auction of oil and gas blocks

Bangalore land auction resumed

Hong Kong accelerates auction of 2.5 GHz spectrum for WiMAX

eBay India appoints Ambareesh Murty as Country Manager

India to hold 3G spectrum Auction

Pubished August 1st, 2008

The number of mobile subscribers in India, the world’s second-largest wireless market, jumped more than 56 percent in the year to May 31 to about 280 million and is expected to grow to 737 million by 2012.

The Indian government has announced it will hold a global auction for high-speed third-generation (3G) mobile services and have five operators initially.





Related Articles

India CCI head favours spectrum auction

Indian Spectrum Auctions unfair, Communication minister tells PM

HK govt to auction wireless spectrum licence

India: Auctions most transparent way of distributing 2G spectrum

Indian Govt may auction 3G spectrum for mobile operators

Christie?s Hong Kong Wine Auction Nov 29

Pubished July 26th, 2008

The first Christie’s Wine Auction to be held in Asia since 2001, will take place on November 29th, 2008.

The evening sale will feature around 250 selected lots, with 150 lots from Château Latour. The Latour selection will comprise of bottles, magnums and many large formats from a wide range of vintages up to 2005 with a number of rarities from older vintages dating back to 1865. Classic vintage highlights from 1900, 1929, 1945, 1959, 1961 and 1982 include a 1900 magnum (estimate: HK $140,000-190,000); 12 bottles of 1959 (estimate: HK $300,000-380,000); one 1961 imperiale (estimate: HK $480,000-600,000); imperiales of 1982 (estimate: HK $180,000-220,000 each); and a 2000 jeroboam (estimate: HK $75,000-100,000). The Latour selection in its entirety is expected to realize in excess of HK $10 million.

The auction will take place at the Hong Kong Convention and Exhibition Center. Christie’s Hong Kong sales totaled HK $2.4 billion in Spring 2008, the highest total ever achieved for any auction season in Asia.





Related Articles

Acker Merrall & Condit to Hold First Fine Wine Sale in Hong Kong

First Hong Kong wine auction in 10 years

Acker Merrall and Condit Hong Kong Wine Auction Results

Hong Kong Wine Auction Takes HK$11.5 million

Bonhams Hong Kong Inaugural Wine Auction Success

Christie?s Auction House Appoints President for Asia

Pubished July 18th, 2008

NEW YORK, NY - Christie’s International, the world’s leading art business, has named Andrew Foster President, Asia. Mr. Foster will have direct responsibility for the overall strategy and management of the Asia region, including all of the company’s Regional Representative Offices and its partnership in Mainland China with Forever, with whom Christie’s has a brand-licensing arrangement. Mr. Foster will report to Lisa King, International Managing Director, Christie’s International.

He will work closely with Ken Yeh, Deputy Chairman for Asia?Theow Tow, Deputy Chairman for Asia and Americas and other Christie’s staff across the region to further develop the company’s top clients in Asia. Under his leadership, Christie’s will also add additional regional staff in support of its strategic growth plans and its client development programme.

Ms. King states: “We are delighted to appoint Andy — one of our most senior and experienced executives — to this new role. His natural affinity for this position comes from his five highly successful years as International Business Director of Asian Art from 2001 to 2005 and his strong leadership as Chief Operating Officer for Christie’s Americas and International Director, Operations, where he has supported the U.S. business and made fundamental improvements in our Operations arena. His highly effective, team-oriented approach to driving change will be invaluable as we continue to invest in Asia and grow Christie’s lead in the region, including strengthening our partnership with Forever and expanding our sales and business development presence in Mainland China, Hong Kong, India and the broader Asian region. Christie’s is committed to realising the tremendous growth potential this region holds and Andy is the ideal leader to help us do so.”

“Since Christie’s established its first Asia office in Hong Kong in 1986, the Company has continued to lead the market in the region, achieving consistent growth every year, including a 63% increase in Asia between Spring 2007 and 2008. Being one of Christie’s top three global sale centres alongside New York and London, Hong Kong plays a key role in garnering established and new collectors in Asia and around the world to participate in the art market. As global interest in art continues to grow, and supported by new wealth in the region, Asia will continue to be a significant priority for the company and a focus for on-going investment.” Ms King said.

Mr. Foster will also retain his current responsibilities as Chief Operating Officer for Christie’s Americas and International Director of Operations for Christie’s International.

Mr. Foster joined Christie’s in 1999 as one of the company’s first International Business Directors, covering Asian Art with a mandate to create a global team and strategy. Under his leadership, the team vastly increased existing sales and developed successful new offerings, bringing about exceptional growth and a dominant market share in this key strategic area.

In 2005, Mr. Foster was promoted to the dual roles of Chief Operating Officer, Americas and International Director of Operations. His Operations role has focused on bringing new technology and improved processes to Christie’s worldwide, including Christie’s LIVE™, the unique real-time Internet bidding service, Christie’s Media Library, and a new and advanced digital asset management system. As COO, Christie’s Americas, he coordinated and facilitated Christie’s back-of-house, auction management, client service, administrative, financial and technology departments.

Prior to joining Christie’s, Mr. Foster’s experience included substantial consulting engagements in the arts and non-profit arenas, including public/private projects such as Avenue of the Arts in Philadelphia, and with CBS on product development. He also spent seven years in operations and executive management in the steel industry, and is a published playwright. He holds Bachelor of Arts degrees in English and Theatre from Claremont McKenna College and an advanced degree in Arts Management from Columbia University.





Related Articles

Christies to Offer $9 Million of Art in Third Dubai Auction

Christies Hong Kong To Auction Rare Diamond

Acker Merrall & Condit to Hold First Fine Wine Sale in Hong Kong

Acker Merrall and Condit Hong Kong Wine Auction Results

Mascon online auction platform selected by Patrizzi & Co Auctioneering

Philippines Petron Auction

Pubished July 7th, 2008

The Philippines government is moving ahead with it’s plan to auction it’s 40% stake in Petron Corp. Approval for the sale should be secured in the next two weeks, a Cabinet official said.

Government, Finance Secretary Margarito B. Teves told reporters last week, also wants to earn more than the approximately P23 billion a similar-sized stake went for earlier this year and the P24.65 billion offered by the Gokongwei family.

Privatizing Petron is a priority for the government, Mr. Teves said.

Last month, he said a November sale could be staged if the necessary approvals are secured from President Gloria Macapagal-Arroyo and the PNOC board.

The sale of shares could come anywhere in November,” he said.





Related Articles

Philippines rice auction fails

Borobudur contemporary art auction

eBay eyes Southeast Asia

Philippines customs to auction industrial generators on auction block

Philippines Introduce Rice Dutch Auctions