Asian Art Week: New Chinese buyers, import restrictions jiggle the market

  • September 24, 2009 11:24

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One of the many bronze food vessels from the Sackler collection. This one sold for $218,500 at Christie's.

NEW YORK - Asian Art Week, amid the most entrenched art-market recession in nearly two decades, saw many auction prices go through the roof while other sales languished with 40% unsold lots. Together, Christie's and Sotheby's raised about $56 million, high above expectations. Works from the Sackler collection soared, including a 12th-century B.C. bronze vessel, estimated at about $25,000, which sold for $362,500 at Christie's where 70% of works went to Asian bidders. 

Read more at Wall Street Journal


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