Sunday, 26 August 2018

How Art May Become A Casualty of US-China Trade War By Scott Reyburn

The latest list of targeted Chinese goods ran to 205 pages. It included sand blasting machines; eels, fresh or chilled (excluding fillets); hats; and, at the bottom of the last page, paintings and drawings executed entirely by hand, original sculptures, and antiques more than 100 years old.
The tariffs would apply to all artworks that originated in China, regardless of how they entered the United States. That means American buyers could be required to pay 25 percent more for a Ming dynasty bowl sold by a British owner at an auction in New York, as well as for a painting by a young Beijing-based artist at a gallery in Hong Kong.
The announcement has caused outrage in the art world.
James Lally, the founder of J.J. Lally & Co., a dealer based in New York that specializes in Asian art, said that the proposed tariffs were "a matter of great concern" to museums, collectors, curators and dealers worldwide.
Sotheby's, Christie's and the Asia Week New York association of dealers said in a written complaint that the United States, not China, would be affected most.

Sunday, 12 August 2018

Damaged Chinese Vases Still Pack A Punch At Auction By Roland Arkell

In recent years, as prices for the best Qing porcelain has spiralled, buyers have shown more tolerance towards damaged pieces. A similar 13in (32cm) vase from the preceding Qianlong period (1735-96) in broken condition ‘sold’ at Eastbourne Auctions earlier this year for £70,000 against a £100 estimate.
After the buyer failed to pay, it was reoffered on June 8 with bidders asked to provide a deposit of £5000. It sold this time at £53,000 (plus 24% buyer’s premium).