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☆ Rare pair of Ming Dynasty jars smash auction estimate, selling for $12.5 million
  + stars: | 2024-11-07 | by ( Jack Guy | ) edition.cnn.com   time to read: +3 min
CNN —A pair of rare Ming Dynasty fish jars dating from the 16th century have sold for £9.6 million ($12.5 million) at auction, smashing their estimate of £1 million ($1.3 million). “This remarkable result makes it the highest priced Chinese work of art sold at auction worldwide this year,” said Sotheby’s. Part of the lot’s appeal was the fact that this was the first ever appearance of a complete pair of fish jars with covers at auction. There is only one other covered pair known to be maintained together, and they are held by the Musée Guimet in Paris. Tristan Fewings/Getty ImagesIn addition, there are only three known single jars that still have covers, all of which are in private collections.
Persons: ”, Tristan Fewings, Sotheby’s “, –, Nicolas Chow, ” Chow, you’ve, “ Organizations: CNN Locations: Asia, Paris, Wiesbaden, China, Europe
☆ Sotheby’s expands Hong Kong footprint with cavernous new exhibition and retail space
  + stars: | 2024-07-29 | by ( Oscar Holland | ) edition.cnn.com   time to read: +5 min
CNN —A fossilized mammoth skull, centuries-old ceramics and Banksy’s famous self-shredding painting are among hundreds of high-value collectibles on show at Sotheby’s ambitious new retail outpost in Hong Kong. With younger collectors seemingly in mind, items on the first floor range in price from 5,000 to 50 million Hong Kong dollars ($640 to $6.4 million). The venture is the latest signal that major auction houses still consider Hong Kong to be their long-term hub in Asia. In June, Hermès also unveiled its expanded retail space in the neighborhood. It has simultaneously sought to grow its footprint in Hong Kong — not only with its newly unveiled Maison, but also a nearby 36,000-square-foot regional headquarters, due to open later this year.
Persons: Maison, Hong Kong, Art Basel’s, Isaac Lawrence, Louis Vuitton, Hermès, Sotheby’s, Patrick Drahi, Hong Kong —, Christie’s, Zaha Hadid’s, Phillips, Bonhams, Nathan Drahi Organizations: CNN, Hong Kong, UBS, Art, Art Basel, Getty, PricewaterhouseCoopers, Louis, Sotheby’s Locations: Hong Kong, Central, Asia, China, Hong, Hong Kong's Central, AFP, London, Singapore, Shanghai, Sotheby’s, Sotheby’s Asia, Paris, New York
☆ Klimt’s ‘Lady With a Fan’ Brings $108.4 Million, Auction Record for the Artist
  + stars: | 2023-06-27 | by ( Scott Reyburn | ) www.nytimes.com   time to read: +1 min
Post-Brexit London regained some credibility as the capital of Europe’s high-value art market on Tuesday when a radiant portrait by Gustav Klimt, “Lady With a Fan,” sold at Sotheby’s for 85.3 million pounds with fees, or about $108.4 million. The price was an auction high for the renowned Austrian artist and was the highest for a public sale in Europe, beating Alberto Giacometti’s “Walking Man I,” which sold for $104.3 million in 2010, also at Sotheby’s in London. The audience erupted into the sort of thunderous applause that hasn’t been heard at a London auction for some years. “The price was within our expectations,” said Wong, the former chair of Sotheby’s Asia, who added that she was buying for a Hong Kong collector. The final price topped Klimt’s previous auction high of $104.6 million, given in November for the 1903 landscape “Birch Forest,” at Christie’s, in New York.
Persons: Gustav Klimt, ”, Alberto Giacometti’s “, Patti Wong, hasn’t, Wong Locations: Europe’s, Austrian, Europe, Sotheby’s, London, Hong Kong, Asia, Birch, ”, Christie’s, New York
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