SOURCE: Skinner, Inc.

Skinner, Inc.

July 06, 2010 10:58 ET

Skinner's Auction of Asian Works of Art Nets $4.8M

BOSTON, MA--(Marketwire - July 6, 2010) -  Skinner, Inc. one of the world's leading auction houses for antiques and fine art, reported its auction of Asian Works of Art held on Friday, June 25th and Saturday, June 26th grossed $4,822,312.50, including buyer's premium. Of the 1,700 works offered, 95 percent sold by lot and 99 percent by value, many far exceeding pre-sale high estimates.

Chinese material was especially sought with all four works exceeding the $100,000 mark of Chinese origin. The auction's top seller was a large jade vase in the shape of a double gourd, which sold for $578,000. Another large jade vase of flattened hu form sold for $501,000. A Huanghuali cabinet from the late Ming/early Qing dynasty sold for $292,000. Finally, topping $100,000 sale price was a Handscroll, "Si ji shang wan tu" (Appreciating the Four Seasons) from the 18th century selling for $106,650. The scroll was part of the personal collection of the late Charles J. Chu, admired professor, painter, calligrapher, curator, scholar, and educator. In total the Chu estate did very well with 120 lots bringing in more than $562,000.

According to James Callahan, director of Asian Works of Art at Skinner, "The market continues to be strong, driven by extreme interest in Chinese work." Callahan continued, "Skinner's strategy to keep estimates low works well in attracting the widest possible audience of buyers. For many sought after lots it was an all out bidding frenzy. Such an opportunity truly benefited the consignors."

About Skinner
Skinner, Inc. is one of the world's leading auction houses for antiques and fine art and the only major auction house headquartered in New England. With expertise in over 20 specialty collecting areas, Skinner draws the interest of buyers from all over the world and its auctions regularly achieve world record prices. Skinner provides a broad range of auction and appraisal services, and it is widely regarded as one of the most trusted names in the auction business. Skinner's appraisal experts regularly appear on the PBS-TV series, Antiques Roadshow, and its specialty departments include American Furniture & Decorative Arts, American & European Paintings & Prints, European Furniture & Decorative Arts, 20th Century Design, Fine Ceramics, Fine Jewelry, Textiles & Couture, Fine Musical Instruments, Asian Works of Art, Fine Wines, Rare Books & Manuscripts, Science & Technology, Oriental Rugs & Carpets, American Indian & Ethnographic Art, Fine Judaica, Antique Motor Vehicles, Toys, Dolls & Collectibles, and Discovery. Skinner galleries are located in Boston and Marlborough, Mass. For more information on upcoming auctions and events, visit Skinner's web site www.skinnerinc.com.

Contact Information

  • Contact:
    James Callahan
    Director
    Asian Works of Art
    Skinner, Inc.
    508-970-3255
    Email Contact

    Darlene Hollywood
    Darlene Hollywood PR
    781-837-2572
    Email Contact