Bidamount Weekly Chinese and Asian Art Auction News and Results

In this episode of Bidamount Weekly, recorded on April 18th, 2024, the host shares experiences from a vacation in Bise, including boating and visiting a Jaguar reservation. The video also covers recent auction results, particularly the successful sale of the Edward Chow collection in Hong Kong. Highlights include a quadruple vase selling for 1.7 million HKD and other notable lots that far exceeded estimates. Additionally, the host discusses personal acquisitions from the Leland Little sale and previews upcoming auctions with valuable Asian art pieces, emphasizing opportunities for collectors.

Takeaways

• {"🎉":"The Asian art market has seen interesting developments with several successful auctions, including the Edward Chow collection which was nearly fully sold."}
• {"🛍️":"The speaker purchased a few items at the Leland Little sale and was particularly pleased with some Satsuma bowls they acquired."}
• {"📈":"Many pieces at the auction significantly exceeded their pre-sale estimates, indicating a strong interest and high value placed by bidders."}
• {"💰":"A quadruple vase seal marked 'Y y Chen Market period' was estimated to sell for between 1.2 to 1.5 million Hong Kong dollars but went for 1.7 million."}
• {"🔍":"The importance of provenance is highlighted as it greatly influences the value of a piece, as seen with items from the Edward Chow collection."}
• {"📚":"The speaker recommends looking out for the Sunburst auctions featuring a variety of items and reference books, which are valuable for collectors."}
• {"🌊":"The script mentions a personal anecdote about rafting in the Oton Preserve and enjoying various activities while on vacation."}
• {"🎨":"A painting from the Qing dynasty was noted for its exceptional beauty and colors, selling for a surprisingly high price of about 15,000 USD."}
• {"📦":"The speaker discusses the excitement of receiving auction items they bid on and their plans to display them in their home."}
• {"🌐":"eBay results are also covered, with various items like a scroll weight and a coconut vase achieving good sales."}
• {"⏰":"Upcoming items on the newsletter and their potential value are previewed, encouraging subscribers to keep an eye on the market."}

Q & A

What is the Bidamount Weekly Chinese and Asian Art Auction News and Results about?

The Bidamount Weekly Chinese and Asian Art Auction News and Results discusses recent events and updates from the world of Asian art auctions. It covers auction results, particularly notable sales, and also provides personal anecdotes from the host about his activities and experiences while traveling.

What specific activities did the host engage in while on vacation?

While on vacation, the host mentioned going out on a boat through islands, attending a soccer game, and rafting in the Jaguar reservation in the mountains. He also enjoyed a leisurely day on the veranda overlooking the beach.

Can you detail a significant auction result mentioned in the video?

One significant auction result mentioned was the sale of a very fine quadruple vase from the Edward Chow collection during the Soube auction in Hong Kong. Initially estimated at 1.2 to 1.5 million Hong Kong Dollars, it sold for 1.7 million, highlighting its rarity and the high regard for items with provenance from notable collections.

What was particularly interesting about the Edward Chow collection mentioned in the video?

The Edward Chow collection is notable because it includes high-value and rare Chinese art pieces. The collection's provenance adds significant value, as demonstrated by almost all pieces being sold, likely including a post-auction sale for the one unsold lot. The collection's success underscores its esteem in the Asian art market.

What unexpected result occurred with the 'clear loon garlic mouth' vase at auction?

The 'clear loon garlic mouth' vase had an unexpectedly high selling price at auction. It was modestly estimated at 20,000 to 30,000 Hong Kong Dollars but sold for 462,000 Hong Kong Dollars. This significant difference between the estimated and final price suggests the vase was highly valued by collectors more than the auction house initially realized.

What strategy does the host suggest for participating in auctions?

The host suggests leaving a bid if one cannot attend the auction in person. He mentions the strategy of making offers on items post-auction, especially if they had high estimates but did not sell, indicating potentially low reserves. This could be a way to acquire items at more reasonable prices.

What recent purchase by the host illustrates his interest in auctions?

The host recently purchased three 12-inch Satsuma bowls at the Leland Little sale. He left a bid without expecting to win due to being in vacation mode but ended up acquiring the pieces for approximately $165 in total, which he found very satisfying.

What does the host plan regarding future content for his channel?

The host plans to produce a feature on making offers at auctions soon, inspired by suggestions from viewers. This indicates an upcoming focus on practical advice for participating effectively in art auctions.

Describe one personal anecdote shared by the host related to his activities.

The host shares an anecdote about going out on a 40-foot cigarette boat with powerful engines, owned by a friend, to explore islands owned by his friend's family. He describes it as an exhilarating experience, emphasizing the beauty and excitement of the local area.

What plans does the host have for compiling his travel experiences?

The host mentions compiling videos taken during his travels into a collective presentation, aiming to share the various experiences and activities he engaged in during his trip. This content is intended to enrich his channel with personal stories and adventures.

Outlines

00:00

🌍 Exciting Travels and Auction Wins

The speaker shares experiences from a trip in Bise, including boating through islands, attending a soccer game, and rafting in the Jaguar Reservation. Amidst these adventures, they discuss recent developments in the Asian market, highlighting their successful bids at the Leland little sale. The speaker also reviews the Soube auction results in Hong Kong, notably the Edward Chow collection, emphasizing the high sale prices of rare items, such as a quadruple vase from the Chen Market period, which exceeded estimates.

05:01

🏺 Remarkable Auction Finds and Personal Acquisitions

Continuing the discussion on auctions, the speaker details notable sales including a Celadon bowl and a vase once owned by Nicholas Chow's grandfather, which fetched significant amounts over their estimates. Personal excitement is shared about acquiring three large Satsuma bowls at the Leeland little auction for a surprisingly low price, reflecting a personal passion rather than resale intent. The speaker also previews an upcoming book auction at Sunburst, highlighting various intriguing lots.

10:02

📚 Auction Strategies and Recent Purchases

The speaker elaborates on their approach to bidding in auctions, particularly the effectiveness of leaving bids without active participation. They express satisfaction with recent purchases, such as three Satsuma bowls for an incredibly low price, planning to display them at home. Furthermore, they discuss the upcoming Sunburst auction featuring valuable reference books and various art objects, emphasizing the importance of enriching one's collection with such resources.

15:03

🖼 Diverse Collectibles and Auction Highlights

This segment focuses on various collectibles from recent auctions, including an elongated coconut vase, a kungi FEI vase, and a scroll weight, all fetching high prices due to their uniqueness or quality. The speaker also mentions upcoming eBay listings, highlighting a late Yong Chen famille rose dish and a kungi period blue and white dish. They discuss the market dynamics affecting the prices of such collectibles, suggesting it's an opportune time for collectors to acquire items at lower prices.

20:03

🎨 Asian Art and Enameling Masterpieces

The speaker details more about the eBay auction listings, pointing out an 18th-century famille rose dish and a unique piece of enamelware with relief decorations, noting their historical and aesthetic value. They also preview a Yong Chen period dish and a seated figure of Guanyin, assessing their likely auction outcomes based on current trends. The segment ends with a note on an underglaze red snuff bottle, expected to attract considerable interest due to its quality.

25:03

🌐 Global Antiquities and Exciting Travel Anecdotes

The final segment combines updates on eBay auction results with personal anecdotes from the speaker's travels. They correct a misidentification regarding an embroidery listed as Chinese, clarifying it is Japanese. The speaker also reminisces about recent travel experiences, including boating with friends off Valencia and exploring family-owned islands. The narrative concludes with anticipation for compiling videos from these adventures, inviting viewers to subscribe and engage with their content.

Keywords

Asian Art Auction

An Asian art auction refers to a public sale where artifacts and art pieces from Asian countries are sold to the highest bidder. In the context of the video, the narrator discusses recent results from such auctions, particularly highlighting successful sales of Chinese and Japanese art items. These auctions often feature rare and valuable pieces, and the results can indicate trends in the art market.

Edward Chow collection

The Edward Chow collection is a renowned collection of Asian art that was put up for auction. Edward Chow was a famous collector and dealer, and his collection included high-quality Chinese ceramics and other artifacts. In the video, the narrator highlights the success of the auction where pieces from this collection were sold, noting that almost all lots were sold and performed well above their estimates.

Provenance

Provenance refers to the history of ownership of a valued object or work of art. In the art market, provenance can significantly enhance an item's value, as it provides authenticity and historical importance. The video mentions the Chow provenance, emphasizing its role in the high auction prices achieved for items from the Edward Chow collection.

Leave a bid

To 'leave a bid' at an auction means to submit a maximum bid amount in advance, allowing the auction house to bid on the participant's behalf up to that limit. The narrator in the video shares his personal experience of leaving a bid at the Leland Little sale and successfully purchasing several lots at his set price, demonstrating a strategy used by collectors who cannot attend the auction in person.

Post-auction offers

Post-auction offers refer to bids made on items that did not sell during the main auction event. These offers can be a strategy for buyers to acquire pieces at potentially lower prices. The video discusses how some lots at a recent auction were sold for below their low estimates, indicating that reserves were set realistically low, making post-auction offers a viable option for savvy buyers.

Reserve

A reserve is the minimum price that a seller is willing to accept for an item at auction. If bids do not reach this price, the item may not be sold unless post-auction negotiations occur. The narrator mentions that the reserves for certain lots were very low, indicating the seller's flexibility or a strategy to encourage sales.

Soube and Christies

Soube and Christies are likely misheard or informal references to major international auction houses Sotheby's and Christie's. These institutions are known for conducting high-profile art auctions, including Asian art. In the video, the narrator compares their practices and highlights their role in the art market, discussing how sometimes the audience's valuation can differ from the auction house's estimates.

Ceramics

Ceramics refers to objects made from clay and hardened by heat. Asian ceramics, particularly Chinese and Japanese pottery and porcelain, are highly prized in art auctions. The video extensively discusses various types of ceramics, such as vases and bowls, noting their historical periods, distinctive features like glazes, and the high prices they can fetch at auction.

Quadruple vase seal Mark

A 'quadruple vase seal Mark' likely refers to a specific marking on a vase that authenticates its period or origin, often associated with Chinese ceramics. The video mentions a vase with this seal mark that fetched a higher price than estimated, indicating its rarity and desirability among collectors. Such details are crucial for validating the age and authenticity of ceramics in auctions.

Estimate

In auction terms, an estimate is the price range that the auction house expects an item to sell for. It is based on various factors including the item's condition, provenance, and market trends. The video discusses several cases where items sold for much higher than their estimates, which can indicate a strong buyer interest or a misjudgment of the item's market value by the auction house.

Highlights

Visited the Jaguar reservation in the mountains, describing it as spectacular.

Attended a local soccer game, emphasizing community engagement.

Purchased several items at the Leland little sale, highlighting satisfaction with the acquisitions.

Discusses the successful auction of the Edward Chow collection in Hong Kong.

Notes a very fine quadruple vase from the Y.C. Chen Market period that sold for well above the estimated price.

Mentions a clear moon garlic mouth vase from the Chinlung period that sold for significantly more than expected.

Highlights a Guan glaze double gourd vase from the 17th/18th century that greatly exceeded its auction estimate.

Recalls the success of a Celadon bowl from the Yuan Dynasty, selling for multiple times its estimated value.

Shares a personal anecdote about recognizing a vase sold by his grandfather, enhancing the narrative with historical depth.

Acquired three large Satsuma bowls at an auction, expressing personal pleasure in the purchase.

Discusses planning for upcoming auctions and the importance of making informed offers.

Details an encounter with wildlife during a trip in mountainous terrain, adding a personal touch to the narrative.

Describes technical difficulties with Wi-Fi while traveling, reflecting on the challenges of working remotely.

Emphasizes the influence of provenance and collector interest in determining auction prices.

Encourages participation in upcoming book and art auctions, highlighting the potential for acquiring valuable pieces.