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Thursday, 18 September 2014 11:56

The Chinese Art Market is on the Rise Again

A pair of Chinese porcelain vases fetched $1.2 million at Doyle New York. A pair of Chinese porcelain vases fetched $1.2 million at Doyle New York. Doyle New York

A pair of Chinese porcelain vases fetched $1.2 million; a 7-inch-tall celadon vase sold for $2.3 million and a bronze Buddha statue went for $485,000 -- all blowing past their presale estimates many times over.

So went the buying spree during Asia Week in New York this week as Chinese dealers and collectors packed the salesrooms and snapped up pieces of their cultural heritage. Auctions at Sotheby’s, Christie’s, Bonhams and Doyle New York are expected to tally $95 million.

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