Strong bidding from a packed saleroom yesterday brought Bonhams in London a staggering £8.6m. for its Asia Week Chinese sale.
It’s been a good week for Bonhams Just a week ago Bonhams unveiled its new Hong Kong saleroom which will provide one of the best selling spaces in that city. But in London at Bonhams new £30m headquarters yesterday, more than 150 enthusiastic bidders led to a 70 per cent sold rate, and the two top lots sold in Asian Art Week. A sale of Japanese art at £1.5m and a Chinese Art sale at the Knightsbridge saleroom which made £1.7m, brings Bonhams Asian Art Week sale total to £11.8m.
Colin Sheaf, Chairman of Bonhams Asia, commenting after the sale said: “This was our second (Asian sale) in the new building and it continues to attract attention as a fantastic selling space that provides museum-like facilities to show off the art to best effect. This definitely helped to make the sale the great success that it was. Despite the size of our new main saleroom it was completely filled with standing room only. The result is once again proof that Bonhams is attracting the most outstanding Chinese works from all over the world.’
A bank of 14 telephone bidders and the internet played a key part in this sale. Some 86% was bought by buyers from Asia, with Hong Kong private and mainland Chinese dealers dominating the sale all the way through.
Top lot in the London sale was the mysterious white jade ‘hinge-fitting’ with its six-character Qianlong Imperial mark which sold for £494,500 against a pre-sale estimate of £200,000 to £300,000 (see our previous feature).
The precisely constructed elements of a white jade hinge-fitting made for the Qianlong Emperor (reign 1736-1795), might have served to remind him of his duty to be scrupulous and precise in his own rule. Scholars still do not know the precise meaning of this culturally intriguing object. Bearing a Qianlong six-character fang gu mark and of the period the pure white stone is of exceptional clarity, unusually carved with two rectangular hollowed tubes, each of the wider sides carved in mirror image to suggest an archaistic mask.
A very rare pale green jade 18th/19th century figure of Buddha sold for £482,500. Jade generally performed well in the sale, as did a very rare monumental gilt-lacquer porcelain figure of Buddha from the Qing Dynasty.
A beautiful and rare large 17th century huanghuali tapered cabinet made £242,500.
There have been a number of Chinese sales in London this week but Bonhams total appears to have far outstripped larger rivals. The important 12-fold screen, which we noted earlier, did not reach its reserve (it was estimated at £800,000-1.2m.). It is, of course, sometimes difficult to find a home for such a large piece.