China's collectors bid for a ‘long life’ at iGavel’s $3.4m Asian art sale



2015-06-26 12:23:56

China's collectors bid for a long life at iGavels $3.4m Asian art sale

A statue of the celestial Buddha Amitayus starred in iGavels online auction in NY at the weekend

The auction's final result was a total of over $3,400,000, with bids drawn from many countries - including a large group of successful bidders from the People's Republic of China.

The sale in question was held by iGavel Auctions, offering Asian, Ancient and Ethnographic Works of Art. The online sale, based in New York City, closed on May 13 with 319 lots sold.

The highest lot sold had 36 bidsand reacheda price of $990,000: a large Chinese Porcelain Figure of Amitayus - one of the three deities of long life- on Lotus Base, from the 18th-19th century.

Meanwhile,the second highest lot was a Chinese Green, White and Russet Jadeite Carved Table Screen, 20th century which achieved a selling price of over $385,000 with 48 bids.

 Amitayus, one of the three deities of long life

Overall, 12 lots from the auction achieved prices above $50,000 each and had over 320 bids placed. Highlights included a Chinese Green and Lavender Jadeite Dragon Decorated Vase, 20th century which sold for over $117,000.

iGavel, which describes its team of sellers as "a select group of international dealers, non-profit organisations, and regional auction houses," includes President Lark E. Mason among its ranks.

Mr Mason was formerly a Senior Vice President with Sotheby's Chinese Works of Art Department, and a Director of Online Auctions for, and frequently appears on national and international media as a guest appraiser.

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