In terms of buying art for investment, there is probably no better deal right now than Philippine contemporary art. While purist art collectors may frown upon the idea of capitalizing on art as an investment, such a notion will not deter budding art buyers looking for the next big thing.
These are exciting times for Myanmar art as the country increasingly opens up to the world in terms of business opportunities and tourism.
But a trip to the capital, Yangon, will reveal that there is fine art and there are certainly a lot of pretty pictures in the places like Bogyoke Aung San Market for those who aren’t too discerning.
Since the late General Ne Win stepped down in 1988 as the leader of Burma and the country became Myanmar in 1989, changes to the 26-year hermetic rule have slowly taken place.
Buying art at auctions or fairs can be fraught with challenges especially for newcomers and even collectors without the support network of those who keep a close watch on the art scene.
Like any market system, there are always wheeler-dealers – whether knowingly or unknowingly – promoting the sale of artworks that are of dubious quality.
Let’s face facts, by virtue of being a “market”, there are people who buy and sell, which is a perfectly legitimate means of making a living.
Exhibition: Apri 2-4, 10am-5.30pm
Auction: April 5; 15:00
Venue: James Christie Room, 22nd Floor, Alexandra House, 18 Chater Road, Central, Hong Kong
The inaugural Asia+ auction by Christie’s Hong Kong will focus on originality, versatility, and collectability. Asia+ will offer a selection of over 50 works of art appealing to the tastes of both seasoned connoisseurs and younger collectors alike.
Sotheby’s Hong Kong will hold its Spring Sale 2014 from April 4-8 at the Hong Kong Convention & Exhibition Centre. A series of important works in two sales will be presented under the Contemporary Asian Art category.
Among the lots are 17 works by renowned contemporary Chinese, Japanese and Korean artists, to be offered at the Modern and Contemporary Asian Art Evening Sale on April 5. This includes works by Zhang Xiaogang, Zeng Fanzhi, Liu Ye, Yue Minjun, Yoshitomo Nara and Lee Ufan, many of which were created during important periods of their artistic careers.
Dingyao basin to fetch over RM25mil
On April 8, Sotheby’s Hong Kong Fine Chinese Ceramics and Works of Art Spring Sale will offer a selection of porcelain, gilt bronze and scholarly objects as well as elegant furniture from celebrated private collections. The sale is led by The Clark Ding Basin, a Dingyao ware from the Northern Song dynasty. It is from the collection of legendary antique dealer, Sakamoto Goro. Not seen by others for over 40 years, this magnificently carved Dingyao basin is expected to fetch over HK$60mil (RM25mil).
On April 5, a seminal artwork of the 1950s by modern Chinese master Sanyu entitled ‘Potted Chrysanthemums’ will be the highlight of Sotheby’s Hong Kong evening sale of Modern and Contemporary Asian Art.
The museum-quality large-format masterpiece spans 130.3cm by 74.5cm. It is from Sanyu’s celebrated Potted Flower Series. It was specially chosen by the artist for the Jansonne Triennial Art exhibition in France in 1958.
On April 5, Sotheby’s Hong Kong evening sale offers over 50 exceptional quality works from 20th Century Chinese Art, Contemporary Asian Art and Modern and Contemporary Southeast Asian Art. The sale is estimated in excess of HK$400mil (RM170mil). The sale will feature works by leading Chinese realist Chen Yifei, top contemporary Chinese artists Zhang Xiaogang and Zeng Fanzhi, modern Indonesian artist S. Sudjojono and contemporary Filipino painter, Ronald Ventura.
Sotheby’s Hong Kong Spring sales schedule is as follows:
Soon to showcase their core collection of Malaysian art at The Edge Galerie, Yoong Sin Min and Billy Too hope to inspire others to buy local art for the sake of enjoying them and not merely to turn a profit.
“The art market appears a lot more active today than when we first started collecting – we wish we had bought more then, looking at the prices now!”, quips elite art collector Yoong Sin Min, 53.
Sotheby’s Hong Kong Spring Sale 2014 will be held from April 4-8 at the Hong Kong Convention and Exhibition Centre. On offer are Fine Chinese Ceramics and Works of Art, Fine Chinese Paintings, Contemporary Literati (contemporary ink paintings and aesthetic objects), 20th Century Chinese Art, Contemporary Asian Art, Modern and Contemporary Southeast Asian Paintings, jewellery, watches and wines.