News & Features

Auctioneers bid calling faster than bidders can bid … or not

21 February 2018

This is the type of quote that should get the attention of every auctioneer. In essence, the bidder raised his bid card when the auctioneer was suggesting an opening bid of $150 (thus the bidder offered $150) but with multiple hands in the air, the bidder’s offer of $150 was accepted for $300 …


Is that next bid a higher bid?

9 February 2018

I was the auctioneer for an event in Chicago and had a bid of $270 on one lot up for auction. Another bidder bid (offered) $265 and I quickly informed him “We are going to the other way … I’ll take $275 …” I think most auctioneers (and attorneys) would agree I couldn’t have upset my contract with the $270 bidder for a contract of $265.

Big Impact

13 January 2018

The works in this show are much better than what Chong has done in the past because of their larger size,” said architect and art collector Ee Poh Kiat of Chong Ai Lei’s solo exhibition, When I See You Again. 

Chong, at 33, is one of the bright sparks in the Malaysian art scene. Her solo show, which opened at The Edge Galerie in Mont Kiara on Jan 10, is her first in Malaysia following three overseas solo exhibitions. She has also participated in many international group shows. 

Face-Off: Picasso / Condo

12 January 2018

Entitled, Face-Off: Picasso / Condo,  this is a selling exhibition of portrait works by Pablo Picasso and George Condo at Sotheby’s Gallery in Hong Kong from March 16-31.

The exhibition will also include a selection of major Picasso paintings lent by collectors in the region.

“The inspiration for this exhibition came as a result of the strong interest from Asian collectors for works by these two legendary artists," says Sotheby’s Asia chairman Patti Wong.

Sky's the limit

5 January 2018


Rabbit Money Box, 2017, oil on canvas, 170cm x 230cm


Read Sarah Vogeler's article on the show here.

Listen to Chong Ai Lei's interview with BFM producer Lim Soon Heng here.

Auctions with lost, misplaced and/or abandoned property

2 January 2018

Auctioneers deal in all kinds of property. Week to week, it could be a car, gun, coin, diamond ring, lawn tractor, horse … or even $8,000: the list goes on. Any of these personal property items could be lost, misplaced and/or abandoned. What does all that mean for an auctioneer?

Property is generally deemed to have been …


Sotheby’s report robust worldwide sales for 2017

27 December 2017

Concluding their 2017 auctions for the week ending Dec 21, Sotheby’s reportedly reached annual sales totalling US$7.4 billion. The figure is said to show a 13.1% increase over the results of 2016.

Sotheby’s Hong Kong also claims to lead all international houses in Asia with an annual auction total of S$850 million. Asian clients contributed over 30% to Sotheby’s worldwide sales this year, reaching a total of US$ 1.6 billion. Online buyers have spent more than US$ 180 million, with 23% of all lots sold, purchased online.