Christie’s Leads Asian Art Week With 1,200 Lots Spanning From India To Japan
Asian Art Week is soon to hit New York City, and with the increased activity seen in the auction world over the past 18 months among new collectors from emerging countries like China, India, Indonesia and elsewhere, these collectors — who are often motivated as much by patriotism as the smell of money — should loom large at some of the upcoming sales.
As Jing Daily has noted on numerous occasions, new Chinese collectors have burst onto the auction scene in recent years, mainly in mainland China and Hong Kong but also in London, New York and Paris on occasion, looking to snap up contemporary and traditional art, jade and jewelry, watches, wine and antiques — virtually all of it, with the exception of the wine and watches, originally from China.
Following the onset of the global financial crisis, when many western collectors held back at auctions of Chinese art and antiques, these new Chinese collectors were able to get their hands on top-quality pieces at once unimaginable prices. Even now that many western and Japanese collectors are back on the auction scene, paddles in hand, Chinese collectors have proven that they’re willing to spend outlandish amounts for lots from particular artists or particular historical eras. According to the AFP, at Asian Art Week — which kicks off in New York next week — we can expect to see Asian collectors who are “rediscovering their roots” play a major role.
From the AFP: