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CHINESE ART PURCHASING SOFTENING???

Reuters reported on Sotheby’s Hong Kong sales that demand for classical Chinese paintings remained strong.  A Qi Baishi ink painting “Rabbits and Osmanthus”, sold for $ 796,224, five times the estimate. 

The Asian Contemporary Art sales in Hong Kong saw around a fifth of works unsold. The sale of classical paintings had only around 5 percent of lots unsold. Mainland Chinese buyers dominated…..
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Japanese Art Does Well

STRONG SALES AND ATTENDANCE AT JAPANESE  ART EXHIBITIONS  AND AUCTIONS DURING ASIA WEEK NEW YORK 2011

 
(Lacquer Paddle-Shaped Writing Box, Meiji period (1868 –1912), circa 1910, Courtesy Erik Thomsen Asian Art / Japanese Art Dealers Association.)
 
 
According to JADA (Japanese  Art Dealers Association) attendance at JADA dealers grew by 25% over the preceding year. JADA members exhibited in their galleries, hosted out-of-town dealers at their galleries and also exhibited  at the Ukrainian Institute of America on 79th Street. The number of visitors to JADA 2011 grew by 25%.  My favorite pieces (to dream about) were an Arita figure of a seated beauty with wonderful enamel work, sold by Sebastian Izzard LLC Asian Art, and a pair of large  Momoyama ink on gold leaf screens with wave and rock design offered and sold by Leighton R. Longhi, Inc. 
 
Also during Asia Week, Bonham’s and Christie’s held very successful Japanese auctions. 
 
I feel that Japanese art sales are coming back. In general prices achieved  are still well under the figures we saw a number of years ago (except for a number of rare items)  and  now  is the time to buy Japanese art and antiques!