Collecting
Newsworthy Items

Chinese wine cup fetches over three times the high estimate.
March 2010, New York, at Christie’s Fine Chinese ceramics and works of art including property from the Arthur M. Sackler collections, the hammer came down on the sale of a rare Doucai wine cup from 17th century, Qing dynasty.  The wine cup was estimated to sell for $50,000 to $70,000 yet after a heated bidding war, the wine cup sold for $242,500.  The auction’s sale total, reported by Christie’s was $22,605,250.

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Christies Images Ltd. 2010


Fine ceramics bowls sell for over six times high estimate

Sotheby’s Fine Chinese Ceramics and Works of Art in London on the 13th May 2009 brought in a respectable £3,886,175, selling 64% by lot and 73% by value. Christie’s Fine Chinese Ceramics and World of Art held a day earlier in London raised even more - £6,371,375. The top lot sold at Christies was this pair of fine and rare imperial doucai chicken bowls that sold for an extraordinary £1,721,250 – well over its estimate of £150,000 - £250,000.

Christies_pair_of_fine_and_rare_imperial_doucai_chicken_bowls

Christie’s Images Ltd. 2009


A collection of ceramics made by the art deco inspired artist Clarice Cliff sold for £220,000 on the 18th March 2009. The 100 piece collection included vases, jugs and pots, the highlight of which was a triangular vase, Red Café, which sold for £90,000.


An important and rare blue and white basin from the Yongle period (1403-1425)
Christie’s Images Ltd. 2009


There were varied results for the ceramic auctions held in March. Sotheby’s New York had somewhat disappointing results with only 58.9% sold by lot and 68.4% by value. Christie’s had more success with their New York sale with 77% sold by lot and 91% by value. The highlight of the season was an important and rare blue and white basin from the Yongle period (1403-1425) which sold for $2.3 million, far above its estimate of $400,000 - $600,000.


 

Ancient ceramic jar
Although there has historically been a demand for ceramics that exceeds supply, causing substantial increases in value, there is no guarantee that this will be the case in the future. Demand for ceramics of a particular area or type may be affected by regional or world trends and tastes.
 
© Emotional Assets Mgmt. & Research 2009