Sotheby’s Invited Smoking Price for Southeast Asian Art Pieces

Following the numerous auctioned happening at sotheby’s, the contemporary artwork from Southeast Asia is a new entrant. The active auction on 16 September carved the record breaking price for the Sotheby’s auction house till date.

“Land of My Dreams,” a 1938 oil painting by Dutch artist Auke Cornelis Sonnega stunned its audience with its smoking sales of $10.7 million, which is around 80% more than its sales in the corresponding year.

The Sotheby’s auction house was overflowing with collectors and dealers who were dying to pay infinite figures to own the interesting works by the artists from across the globe.

Highlights of the Sotheby’s auction of Southeast Asian art pieces:

As against the expected cost of $25,000 for the painting by Indonesian artist Nyoman Masriadi, a rich Southeast Asian collector paid a bulky sum of $360,000. Isn’t it shocking? Another record was set by the artwork of late artist Vietnamese artist Le Pho as his painting was sold for more than $550,000.

Expected to generate sales of $185,000, Sonnega’s artwork viz. “Land of My Dreams” went on to $720,000. Plus 20% premium, $10.7 million is an updated record level inked by Sotheby for selling Southeast Asian paintings in Singapore.

But word is around that from next year, even the sale of Southeast Asian Paintings would be scheduled at its Asian auction house in Hong Kong and not Singapore.

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