News & Views

Gaining Prominence

14 May 2013

Christie’s has a winning formula in auctioning Southeast Asian art in Hong Kong,

reports Johnni Wong.


More than 200 works by Southeast Asian artists will be included in Christie’s Hong Kong auctions of Asian 20th Century & Contemporary Art on May 25 & 26 at the Hong Kong Convention and Exhibition Centre in Wanchai.

Best of Malaysian Art

9 May 2013

Leading The Edge Auction’s inaugural sale will be Gelora Air 3, an iconic oil on canvas work by Abdul Latiff Mohidin, Malaysia’s foremost artist.

Painted in 1987, this work is significant as it is the first of Latiff’s Gelombang series and depicts the power of nature. Typical of the artist’s abstract compositions, the brush strokes have a sense of rhythm and purpose. This work is estimated to fetch between RM350,000-RM450,000.

Sizing up the market

9 May 2013

The art market is viewed as an ecosystem that needs the symbiotic relationship between artists, gallery operators and collectors. But how will auction houses tilt the equation?

It seems that the local art market needs to be nurtured and protected from speculative elements that could lead to its untimely collapse.

A group of art market stakeholders and individuals gathered to discuss its current state and were confronted with diverse views.

Art Market Obsession Isn’t Progress

10 April 2013

Has the Malaysian art scene actually regressed despite the proliferation of art exhibitions, galleries and auctions when compared to the rise of Singapore and Indonesia as regional art centres?

In spite of the growing demand for pricey artwork by top Malaysian artists, especially at local auctions, Southeast Asian contemporary art specialist Beverly Yong views the whole situation with jaded eyes.

“I wouldn’t situate us in a progressive time frame – early/middle/mature,” points out Yong in reference to the development of the Malaysian art market.

Price of Fame

3 April 2013

“I am concerned about the way my works are being sold in the art market,” says Chang Fee Ming, the most successful contemporary watercolourist in Southeast Asia.

Casually dressed and sipping a drink at a trendy restaurant in Kuala Lumpur’s Bangsar commercial centre, Chang, 54, laments the appearance of his minor works being sold in local art auctions.

“I feel that auction houses should be more selective of the works consigned for sale,” points out the Kuala Terengganu-based artist.

Tag Sale Find Sells For $2.2 million

3 April 2013

On March 20, in a packed salesroom at Sotheby’s a Chinese bowl purchased from a New York state tag sale for no more than $3 sold for $2.23 million. The Rare And Important ‘Ding’ Bowl Northern Song Dynasty measuring just 5 inches in diameter was sought by four bidders in the room and on telephones in the opening session of Sotheby’s Fine Chinese Ceramics and Works of Art auction in New York. After a prolonged battle, the piece sold to the legendary London dealer Giuseppe Eskenazi for $2,225,000, many multiples of the $200/300,000 estimate.