Sackler Sale at Christie's New York

The results are in for the continuation of the Arthur Sackler sale at Christies.  And, the results are very encouraging.  The Sackler sale of sale Oriental artifacts totaled $3.28 million..  The session offered 115 lots with 111 selling for an impressive 97% buy through rate. A Christie's spokesman noted the Sackler sale tripled the low end estimate totals. The top lot was A Bronze Ritual Food Vessel, Gui, Early Western Zhou Dynasty, 12th-11th Century BC with an estimate of $20,000.00 - $30,000.00 which hammered down at $362,500.00 (see image).

I'll have more from the Asia week sales over the next few days. Also, later in the month reports on the impressionist and modern sales, and in late September an Americana sale at Christie's. There should be some good indications of where multiple markets stands as we get results from these early fall sales. Lets hope the news continues to be positive.

Theow H. Tow, Deputy Chairman, Christie’s Americas and Asia said of the Sackler sale:

“Following the outstanding sale in the spring, we are thrilled once again with the successful sale of Property from the Arthur M. Sackler Collections. Tripling its low estimate, this sale witnessed established collectors, members of the trade as well as new buyers from all over the world, bidding for objects that reflected impeccable provenance, rarity, and quality. Competition was high across the board, with many pieces exceeding their presale estimates. The top lot, a bronze ritual food vessel, Gui, sold for an astounding $362,500. Strong results were also achieved for a black and white jade pendant from the Qing Dynasty and a pair of Huanghuali square waisted corner-leg tables, Fangzhuo. We look forward to tomorrow’s sale of Fine Chinese Ceramics and Works of Art.”