INTERNET SALE?
WILL THIS PAINTING BY VU CAO DAM AT CHRISTIES BREAK RECORDS???
YES, THE SALE WAS VERY GOOD AND OUT OF THE 40 LOTS ON OFFER SOTHEBYS MADE A SALE OF ABOUT 550,000 POUNDS, AN AVERAGE OF 14,000 0N ALL LOTS. THERE WERE FOUR UNSOLD LOTS WHICH MAKES THE SALE 80% SOLD BY LOT.
AS NORMAL IN THESE SALES IN HONG KONG VIETNAMESE ART WAS RECEIVED MAJESTICALLY AND THE TOP ARTISTS ON OFFER ie LE PHO AND VU CAO DAM, SOLD EXTREMELY WELL WITH LE PHO TAKING THE HONOURS SELLING VERY WELL FROM 175,000 TO 50,000 FOR SEVERAL SMALLER LOTS. HOW WELL THIS GOOD WILL PROVE IN COMPARISON TO THE FOLLOWING SALES IN HONG KONG WE WILL DISCUSS LATER.
FOR THE TIME BEING SE ASIA ART MARKET IS BOOMING. THERE IS STILL MORE GROUND TO COVER!!
PETER CONSTANT
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