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Wednesday, 01 April 2015 12:40

Asia Week New York Sees Record-Breaking Sales

The 2015 edition of Asia Week New York ended its nine-day Asian art extravaganza with record-shattering sales totaling $360M, almost doubling last year’s number with an 80% increase of $160M.
 
Said Carol Conover, chairman of Asia Week New York: “By all accounts, we have succeeded in making New York the destination for buying Asian art, not only for many of the great museums in the United States and abroad, but also for the leading international private collectors. Galleries saw steady and heavy traffic throughout the week, and sales for the four major auction houses reached new highs, making it a great success in terms of revenue in all areas across the board. With the influx of new buyers from China who came here for the sale of The Robert Hatfield Ellsworth Collection at Christies, the exuberance and excitement of the week was palpable.”
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On March 17, Christie’s hosted its first-ever evening sale dedicated to Asian art in New York. The occasion was the first offering from the prized Robert Hatfield Ellsworth Collection, regarded as the most prestigious — not to mention largest — private collection of Asian art to hit the auction block. Thanks to the freshness of the material and the pedigreed provenance, the house had no trouble securing buyers for all 57 lots, and with a whopping $61,107,500, total, the results demonstrated strength across all areas of the market for Indian, Himalayan, Southeast Asian, Chinese, and Japanese art.

The sale began promptly at 6 p.m., with fierce participation from telephone bidders and individuals in the room for a superb gilt-bronze figure of a seated bear from China’s Western Han Dynasty (206 BC).

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Christie’s announced it has been entrusted with the sale of the Collection of Robert Hatfield Ellsworth, the distinguished American scholar, dealer and collector of Asian Art who passed away in August 2014. Widely recognized throughout Asia and the Americas for his ground-breaking role in the study and appreciation of Asian Art, Mr. Ellsworth was a distinguished connoisseur who opened new arenas of collecting to Western audiences and built a successful business purveying the very finest works of art to his generation’s foremost collectors. His personal collection of over 2,000 items was assembled over a lifetime and widely recognized as the most important grouping of Chinese, Japanese, Indian, Himalayan and Southeast Asian sculpture, paintings, furniture and works of art. To celebrate this exceptional collection and the generous and benevolent man behind it, Christie's is organizing free public exhibitions and a special five-day series of auctions and online-only sales to be held during Asian Art Week at Christie's New York in March 2015. A global tour of highlights from the collection kicks off November 21 in Hong Kong, and will continue to stops throughout Asia and Europe prior to the New York sales.

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