Chinese Art and Antiquities Spared From Trump Tariffs, For Now

Trump ordered his administration to impose 10 percent tariffs on $200 billion in Chinese goods next week and to raise the rate to 25 percent in January if Beijing refuses to offer trade concessions. Among items removed from the initial list of goods targeted for duties are those covering paintings, sculptures, collages, ceramics and historical collectibles, along with antiques older than 100 years.

Critics of the tariff plan said it would discourage private collectors and dealers from acquiring Chinese art and cultural items, and because museums rely on donations, they and the viewing public would suffer. They also questioned the effectiveness of trying to spur U.S. production or change China’s trade behavior by targeting art.

Global Sales

China is the world’s No. 2 art market, accounting for 21 percent of sales by value, behind the U.S. at 42 percent, according to the Art Market 2018 report from Art Basel and UBS Group AG. Sales in the global art market reached $63.7 billion in 2017, up 12 percent from 2016, according to the report.

Imports originating from China last year included $107.2 million for century-old antiques and $66.6 million for paintings, drawings and pastels by hand, according to U.S. Census data.

Still, Chinese art could be put back in the line of fire.

https://www.bloomberg.com/news/articles/2018-09-18/chinese-art-and-antiquities-spared-from-trump-tariffs-for-now

Calling All Collectors to Join Us At Our First Monthly Sale!

Dear readers,

I'm delighted and excited to announce that Naik Antiques and Oriental Gifts will be having our first monthly sales soon! Apart from our usual evaluation of items from 3.30pm - 5pm, we are inviting collectors who are looking to sell off their collection/inheritance to join us! Collectors/sellers can display up to 3 small items at our shop on the date and time stipulated below:

Date: 29/9/18 (Saturday)

Time: 10.30am - 5.30pm

Address: 
111M, Jln SS21/37,
Damansara Utama

Interested parties can PM me at 018 3867939 for more information. First come, first serve basis.

Cheers and hope u all have a great weekend!



May Naik

Abu Dhabi Delays Exhibition of Da Vinci's 'Salvator Mundi

Dubai, United Arab Emirates (AP) -- The unveiling of Leonardo da Vinci's painting "Salvator Mundi" at the Louvre Abu Dhabi has been indefinitely postponed, authorities said Monday.

Abu Dhabi's Department of Culture and Tourism announced the delay on Twitter, saying "more details will be announced soon."

It was to be displayed from Sept. 18. The National, a state-aligned English-language newspaper in Abu Dhabi, wrote online Monday that "speculation suggests the museum might be waiting for its one-year anniversary on Nov. 11" to unveil it.




The full article is available in the link below:

https://www.bloomberg.com/news/articles/2018-09-03/abu-dhabi-delays-exhibition-of-da-vinci-s-salvator-mundi?srnd=premium-asia

Rare Chinese ‘Da Vinci’ Scroll May Set Asian Art Auction Record By Frederik Balfour

An extremely rare, 11th-century Chinese scroll could set an auction price record for an Asian artwork, when it goes on the block at Christie’s November Hong Kong sale.

Estimated in excess of HK$400 million ($51 million), the work is only one of two known scrolls produced by Song dynasty artist Su Shi, and the first to ever appear at auction, Christie’s said. The other resides in the National Palace Museum in Taiwan.

"This is simply the best Chinese painting you could possibly get," said Jonathan Stone, co-chairman of Christie’s Asian Art department, who likened the piece’s significance and rarity to that of " Salvator Mundi" by Leonardo Da Vinci. "In the purely market sense, there is comparability."

https://www.bloomberg.com/news/articles/2018-08-30/rare-chinese-da-vinci-scroll-may-set-asian-art-auction-record

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.

https://www.cnbc.com/2018/08/25/will-art-become-a-casualty-of-us-china-trade-war.html

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).

https://www.antiquestradegazette.com/news/2018/damaged-chinese-vases-still-pack-a-punch-at-auction/

A Fine Imperial Famille Rose Bowl with Gold-plated Enamels Featuring Scenic Landscape For Sale.

A fine imperial famille rose bowl with gold-plated enamels featuring scenic landscape.
Diameter - 15cm

Qianlong mark

Interested parties can contact May at +6018 3867939 or write to emperorsantique@gmail.com.