Christie's reported record results for their Asia Week auctions with the Ellsworth collection being the highlight of this season's auctions.
Christie’s leads the Asian Art market, totaling $161,142,063 (£99,908,079/€148,250,697/HKD 1,250,462,408/ CNY 1,000,692,211), the highest total for Asian Art Week in New York, achieved in ten sales from March 15 to 21.
A record number of Mainland Chinese buyers were present in the salesroom leading to record prices for Chinese furniture and other objects from the collection.
We were particularly pleased to see some of the rugs achieving multiples of their original estimates. Are Mainland Chinese buyers finally rediscovering their weaving tradition? We have been waiting for more Chinese collectors to appreciate this form of Chinese art and finally, this seems to start happening. Most Chinese rugs in this sale went to Asian trade and private buyers. Are Chinese rugs finally following the direction of other Chinese arts? Since the prices are still comparatively low, there is plenty of room for upwards movement!
Wouldn't it be nice to see one of the many new Chinese museums dedicated to woven art, the pieces exhibited where they were originally made?
We will follow this topic and keep you updated.