Asian Decorative Arts Fever at iGavel – artmarketblog.com Recent results from auctions of Asian art conducted by Sotheby’s in Hong Kong show that there is high demand for modern and contemporary Asian art
significance for the Chinese and that there is plenty of money in China to purchase these items. Buying back objects of cultural and historical significance that have been taken out of the country appears to be high on the agenda for Chinese collectors in the same way that the Russian collectors started buying back their heritage a few years ago. It is encouraging to see that the global financial crisis appears to have not affected the market for art in the Asia region as much as many would have predicted and that buyers are showing an interest in a wide range of objects from the contemporary to the classical.
It is great to see that buyers are willing to spend so much money online via iGavel, a reflection perhaps of iGavel’s focus on quality and authenticity. The success that iGavel has had with their auctions of Asian art may be partly due to buyers in Asia being able to purchase items online all of which have guarantees for authenticity and condition. Also adding to the legitimacy of the items being offered for sale by iGavel is the fact that the founder of iGavel, Lark Mason, is a highly respected expert in the Asian Art field known to many from his appearances in the PBS series, The Antiques Roadshow. All in all, iGavel should be congratulated for the success that they achieve with their online auctions.
For more information on iGavel visit http://www.igavel.com
**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.