News & Views

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.