News & Views

In the foreword of the book, The Edge Media Group Publisher and CEO Ho Kay Tat points out that the idea for this publication came from the group chairman Datuk Tong Kooi Ong, who suggested that some form of price benchmarks for Southeast Asian art should be available for collectors could refer to.

“The concept was for a listing that we are happy with and which we could publish and stand by,” says Tong.

The list of records would become a reference, thereby making the local art industry more transparent.

Zao Wou-Ki's “largest-ever [work]” will highlight Sotheby’s Modern Art Evening sale on Sept 30 2018 in Hong Kong. Measuring 10 metres long and 2.8 metres in height, this monumental and exceedingly rare triptych was commissioned personally by celebrated architect I. M. Pei for Raffles City in Singapore. Titled, Juin-Octobre 1985, it is expected to fetch in excess of HK$350 million ($45 million), a world auction record for the Zao Wou-Ki,” quotes a text on Sotheby’s website.
 

The Birth of a Masterpiece

Phillips Auctioneers’ inaugural Day Sale of 20th Century & Contemporary Art and Design takes place in Hong Kong on Nov 26 2018 at the Mandarin Oriental.

A press release from Phillips touts the auction as featuring some 100 items comprised of editions, photography, and Danish and Italian design pieces.

Fairness … equity … reasonableness … talk about those concepts and you’ve got my attention. Let’s say an auction bidder has submitted a “maximum bid” to be executed in a live auction of $750. Does this offer-of-sorts (collateral offer)guarantee this bidder the opportunity to bid exactly $750 if necessary?