NEW YORK, Sept. 19, 2016 /PRNewswire/ --
The Roy and Marilyn Papp
Collection of Chinese Paintings Realizes $32.2 Million, Double the High Estimate
– 115 of 122 Lots Sold Over Four and a Half Hours –
– 80% of Lots Sell Over High Estimate –
'White-Glove' Sale of Chinese Art Through the Eye of Sakamoto
Gorō Fetches $2.5 Million With
Every Lot Sold
Qianlong Imperial Teapot Sells for $3.5
Million (estimate $300/500,000)
Sotheby's New York Asian Art Totals for 2016 Remain Stable
Compared to 2015
"This superb performance provided a bright spot in an otherwise
uncertain market. But as we've seen elsewhere, the
environment for well-presented works at the higher end of the
market appears to be healthy," said Tad
Smith, CEO of Sotheby's.
Mike Goss, Sotheby's CFO, added,
"Given the backdrop of our seasonally low third quarter, in this
year an exceptionally weak one, we are encouraged that the strength
of Asia Week bodes well for the upcoming sales in our much more
meaningful fourth quarter."
Sotheby's sales of Asian Art continue next month in Hong Kong from October
1-5 at the Hong Kong Convention and Exhibition Centre.
Further information available upon request.
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Estimates do not include buyer's premium and prices achieved
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Lauren Gioia |
Lauren.Gioia@Sothebys.com | Dan.Abernethy |
Dan.Abernethy@Sothebys.com, +1 212 606 7176
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SOURCE Sotheby's