News & Features

Christie’s Art Sales records RM14.6 Billion

18 July 2014

Christie’s announces sales of £2.69 billion (RM14.6 billion), up 12% (US$4.47 billion, up 22%), for the first half of this year.

Christie’s strategy to connect with more collectors globally underpins the results, with the figures driven by an increase in the value of artworks sold across categories, geographies and price levels.

Digital engagement and new buyers coming to the market have continued to drive growth with new clients representing 24% of all buyers and 15% of the sales total in the first half of 2014.

Sotheby’s sets new benchmarks in Asia

18 July 2014

For the first six months of 2014, Sotheby’s Asia auction sales achieved over RM1.5 billion (HK$3.82 billion / US$490 million), a 47% increase on the same period last year and a season high total amongst international auction houses in Asia.

In the first six months of 2014 in Asia, Sotheby’s sold three works of art for more than HK$100 million (RM41.1 million). More than 20 world auction records were set, capped by the exceptional Meiyintang “Chicken Cup” which established a World Auction Record for Chinese Porcelain.

Art Economy Conference

11 July 2014

An international conference on art and the economy in Malaysia will be held from Oct 28-29 at the Ritz Carlton Kuala Lumpur.

Among the objectives, the Art Economy Conference (AEC) is aimed at encouraging a “fusion” of the arts from the East and the West.

Organisers of the AEC plan to bring together professionals and enthusiasts to share their thoughts and approaches to the art world and open up new avenues in terms of ideas on trends and processes.

Painting of the Year contest

9 July 2014

The UOB Painting of the Year competition returns with a top prize of US$25,000 plus another US$10,000 if the winning entry is judged the overall best among the winning entries from Malaysia, Indonesia, Singapore and Thailand.

Besides the additional cash prize, the overall winner of the UOB Southeast Asian Painting of the Year Award will also have the chance to be selected for a month-long residency programme at the Fukuoka Asian Art Museum.

Initially organised by United Overseas Bank (UOB) in Singapore in 1982, the annual competition is divided into two categories.

Hauntingly Beautiful

8 July 2014

Marching to your own beat can be a lonely existence and Chong Siew Ying, 45, knows this only too well. But the feisty artist who have braved many personal turbulences and weathered bouts of loneliness since young, has grown more self-assured in her art.

Renaissance in Baroque Artworks

27 June 2014

London – On July 9, Sotheby’s London sale of Old Master and British paintings will unveil a group of nine Renaissance and Baroque masterworks from the estate of  Barbara Piasecka Johnson (1937-2013).

The sale is led by three extremely rare Florentine drawings, including the only Botticelli drawing to appear on the market in a century (£1-1.5 million / RM5,469,351.57-8,204,101.85million).

The sale is expected to fetch over £8.6 million / RM47,048,702.13million  to benefit the Barbara Piasecka Johnson Foundation which assists children with autism.

History of Art in 10 Magnificent Works

27 June 2014

Ten of the greatest museum quality works from 2000 years of western art history have been selected to be exhibited in a show entitled “A History of Art in 10 Magnificent Works” by Sotheby’s London.

This historical art tour is to launch the 2014 summer auction season and these masterpieces have been selected from the upcoming June and July auctions of Contemporary Art, Impressionist & Modern Art, Old Master Paintings, Old Master Drawings, Treasures (decorative arts, sculptures & antiquities) and Books & Manuscripts.

Bacon’s Head of Freud on the Block

20 June 2014

London –  Estimated to sell for between £8 million – £12 million pounds on July 1, Francis Bacon’s Study for Head of Lucian Freud (1967) from the estate of Roald Dahl will be included in Christie’s London Post-War and Contemporary evening auction.

Tan Choon Ghee’s private sketches unveiled three years after death

18 June 2014

OF THE illustrious Malaysian artists known particularly for painting streetscapes and vistas, few have produced images with the marvellous poignant charm of the late Tan Choon Ghee.

Nostalgic yet dreamy, nimble yet intimate, modest yet instantly engaging, his renderings in watercolour or oil – including the famed town and harbour scenes of his native Penang – are the stuff of legends in the local lore of modern art.

Now, some three years after his death, an astonishing discovery sheds invaluable new light on the artist’s enchanting oeuvre.

Broadening taste of Asian collectors

17 June 2014

Auction scene

 

Sotheby’s Hong Kong raked in a total of HK$27 million (US$3.5 million) from their Boundless: Contemporary Art Auction on June 10 and the results indicate a broadening taste of Asian collectors.

The auction offered both Western and Asian contemporary art by such names as Allora & Calzadilla, Georges Mathieu and Vik Muniz, among others, of which Western art made up six of the top 10 works sold.