February 17, 2013
The Asian Category was the most remarkable of the categories in prices realized. Coming near the end of the sale, Lot 3150, a Chinese underglaze blue porcelain brush pot attributed to Wang Bu (Chinese, 1898-1968) measuring 6.5” high, was assigned a conservative pre-sale estimate of $6,000 to $8,000. Joyce Kwong, Asian Art Specialist at Clars, noted that “In general, works by Wang Bu have a very strong market and he is known for underglaze blue decorated porcelain.”
President Redge Martin opened the bidding on this piece at $13,000 and for several minutes, the increments of $10,000 kept rising against highly competitive floor, phone and Internet bidding. In the end, a phone bidder achieved the astounding winning bid of $534,300.
Furthering the remarkable Asian prices realized at this sale was Lot 3126, a Himalayan gilt bronze figural group of Yamantaka Vajrabhairava Ekavira, 19th century, measuring 10.5” high, which arrived in the back of a pickup truck. The pre-sale estimate was conservatively placed at $1,000 to $2,000 as it had some arm and attribute loss. The consignor’s father was given the diety as a gift decades before the sale. She was happy with the possibility of the piece only selling for the starting price of $500.00 if that was all the bidding we had. When we called to give her the results, she was shocked. We explained that it was fueled by our internet exposure. That did not seem to phase the intense bidding on this lot however, which in the end sold to a floor bidder for $248,300.