40 Years in Asia: Sotheby’s International Realty Attends Hong Kong Autumn Sales 2013

This past weekend key representatives from the Sotheby’s International Realty® brand attended Sotheby’s Hong Kong Autumn Sales 2013 in Hong Kong.

Callaway Henderson Princeton Sotheby's Hong Kong 40Asia

Representatives from Callaway Henderson Sotheby’s International Realty in Princeton, New Jersey. Pictured from left to right: Natalie Gilmore, Marketing Director; Susan Cook, Real Estate Sales Associate ; Judson Henderson, Owner/Broker.

During the five day event, Sotheby’s International Realty representatives interacted with auction goers and were available to talk about the attendees global real estate interests. Representatives from Atlanta Fine Homes Sotheby’s International Realty, Callaway Henderson Sotheby’s International Realty, Decker Bullock Sotheby’s International Realty, Fuller Sotheby’s International Realty, Hong Kong Sotheby’s International Realty, Philippine Sotheby’s International Realty, Sierra Sotheby’s International Realty, Sotheby’s International Realty, Inc, Summit Sotheby’s International Realty, TTR Sotheby’s International Realty and United Kingdom Sotheby’s International Realty were in attendance.

“This event provided a forum for our network to interact with each other, potential Asian buyers and Auction House executives and clientele,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “Those who attended gained key insights into the Asian market and overseas buyers. We are proud to offer our network members the opportunity to take part in this important yearly sales event.”

Sotheby's 40th Anniversary Evening SaleView of the sales room at Sotheby’s 40th Anniversary Evening Sale.

The 16 record-breaking auctions saw new benchmarks set in many categories. Together they realized HK 41.96 billion / US $538 million, the highest grand total ever achieved by any global arts business operating in Asia. See more about the sales including records achieved.

Sotheby’s International Realty Brand Enters the Philippines

Sotheby’s International Realty Affiliates LLC today announced its entrance into the Philippines with the signing of a 25-year master franchise agreement with Philippine Sotheby’s International Realty to develop the Sotheby’s International Realty® brand in the Philippines, with the first office opening in Manila.

Philip Mareschal serves as chief executive officer of Philippine Sotheby’s International Realty, which will focus exclusively on the the luxury home, apartment, retirement property, prime resort and vacation residence markets. The firm is located at Unit 802 at the Eco Tower in Bonifacio Global City, Taguig 1634, Manila, Philippines. An additional office is planned to open in Cebu, Visayas, later this year.

“Philippine Sotheby’s International Realty is yet another key step forward in our overall expansion plan for Southeast Asia,” said Philip White, chief executive officer, Sotheby’s International Realty Affiliates LLC. “Philip Mareschal has 13 years of experience as a top-tier real estate professional with Premier Sotheby’s International Realty in Naples, Florida. His firsthand knowledge and experience in leveraging the value of our brand will be an asset as he brings a new level of luxury real estate service into the Philippines.”

According to Mareschal, luxury real estate in the Philippines is a growing niche market and his firm is focused on bridging new opportunities for both local and foreign clients. “Our agents devote themselves to providing invaluable local knowledge and service on an international scale while offering our clients exceptional service by bringing the world to their home, paying attention to the details and understanding their needs, all with the goal of making their real estate transaction more enjoyable and worry free,” he said. “Our office is centrally located at the center for booming businesses and sophisticated lifestyle in BGC Taguig, Manila, Philippines.”

The Sotheby’s International Realty® network currently has more than 13,000 sales associates located in approximately 660 offices in 49 countries and territories worldwide. Philippine Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Tantalizing Taipei: Financial and Cultural Avatar

From the pages of RESIDE®: Luxury Homes and Lifestyles Around the World, Fall 2012 Asia Edition

If you were an investor and could travel back in time to buy property in pre-emerging markets, where would you go? The Upper East Side in the 1950’s, or the West Village in the ‘60’s? Aspen or Santa Barbara, or St. Moritz in the ‘70’s? Malaysia and Singapore 10 years ago?

While purely hypothetical—and tantalizing to think about for all the possibilities—the question is also a reminder that in real estate there are always yet-to-be-discovered markets and opportunities hidden in plain sight. Today’s Tirana or Tacna could be tomorrow’s Taipei.

Serious investors are in fact turning to Taipei, lately surging as one of Asia’s most visible financial and cultural avatars. The capital of Taiwan with a metropolitan population of nearly 7 million, Taipei strikes newcomers as a vibrant and diverse city bisected by six scenic rivers and bordered by mountains and the stunning Yangmingshan National Park. An influx of capital, low interest and estate tax rates, rapid development in the tech sector and proximity to vital Asian markets has encouraged governments and corporations around the world to bring business here, and increasing numbers of international travelers are newly exploring the city’s historic sites, museums, restaurants and famed street-side delicacies. Moreover, luxury property and apartments remain priced far less than in places like Hong Kong and Singapore.

Since the 1960’s, Taiwan’s economy has been driven by robust textile and manufacturing operations based primarily in and around Taipei. Recently, however, Taipei has transitioned strongly into banking and technology. According to David Tran, Founder of Taiwan Sotheby’s International Realty, white-collar workers account for 72-percent of Taipei’s current labor force, the highest such proportion in Taiwan. Nearly 10-percent of the workforce is now in the financial sector, and nearly 7-percent find employment in high-tech, information and communications industries. Powered by production from Taipei, Taiwan’s economy is one of the four strongest in Asia and ranks among the top 20 in the world by GDP.

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Content provided by Derek Duncan exclusively for Sotheby’s International Realty®.

Sotheby’s International Realty Network Attends Sotheby’s Hong Kong Autumn Sales 2012

Key representatives from across the Sotheby’s International Realty® network of real estate professionals attended the recent Sotheby’s Hong Kong Autumn Sales 2012 at the Hong Kong Convention and Exhibition Centre in China.

Hong Kong Convention and Exhibition Centre

The Sotheby’s Hong Kong Autumn Sales 2012 were held October 5 to 9 and sold more than 3,100 lots for a total of more than $2 billion (HK), which is $260 million (USD).  For more information including records achieved, click here.

During the five day event, Sotheby’s International Realty® representatives talked to auction goers about their global real estate interests.

The companies in attendance included: Aspen Snowmass Sotheby’s International RealtyDecker Bullock Sotheby’s International Realty, Milan Sotheby’s International Realty, Rome Sotheby’s International Realty, Burger Sotheby’s International Realty, Tiawan Sotheby’s International Realty, Hong Kong Sotheby’s International Realty, and Pacific Sotheby’s International Realty.

“This event provided a forum for our network to interact with each other, potential Asian buyers and Auction House executives and clientele,” said Philip White, president and chief operating officer, Sotheby’s International Realty Affiliates LLC. “Those who attended gained key insights into the Asian market and overseas buyers. We are proud to offer our network members the opportunity to take part in this important yearly sales event.”

Philip White, President & COO, discusses the Asian real estate market event attendees.

Search for extraordinary properties in Asia >

Sotheby’s Hong Kong 2012 Autumn Sale Series

Starting this Friday, Sotheby’s auction house will hold its Hong Kong Autumn Sales Series. The event will include exhibitions and auctions of Fine Chinese Ceramics & Works of Art, Fine Chinese Paintings, Contemporary Asian Art, Jewelry, Watches and Wines, among others.

“This season, Sotheby’s promises to bring exceptional and rare properties to the Asian market from private collections around the world,” says Kevin Ching, Chief Executive Officer of Sotheby’s Asia. “We are delighted to offer significant works of impeccable provenance by prominent Chinese artists across several generations – from Zhang Daqian to Sanyu and Zhang Xiaogang, among others.”

Here are some notable pieces up for auction.

Photo: Sotheby’s; Liao Chi-Chun (1902–1976), Scenery In Yehliu, 1965, Oil on canvas, Est: HK$18 – 28 million / US$2.3 – 3.6 million

The lead work the 20th Century Chinese Art sale is Scenery in Yehliu by the ‘Colour Magician’ Liao Chi-Chun, depicting Taiwan’s North East coastline. The largest painting ever made by the artist, this piece clearly demonstrates Liao’s aptitude with color, and his strong use of rose-pink, which is a classic feature of his work from the 1960s.

Photo: Sotheby’s; Zhang Xiaogang (b.1958), Tiananmen No. 1, Oil on canvas, 1993, Est. HK$15 – 25 million / US$1.9 – 3.2 million

Completed in 1993, Tiananmen No. 1 belongs to the only series of works by the artist, Zhang Xiaogang, to centre on the politically charged motif of Tiananmen Square. From the May Fourth movement of 1919 to the Tiananmen Incident in 1989, the Square has borne witness to many important events that mark the history of modern China. With its solemn brushstrokes, this work is movingly expressive of the agonizing history behind the Square. While the yellow gate tower is accompanied by grey skies and stone pavement, two parallel red lines can be seen running through the Square towards the centre, creating a robust contrast in colour and tone, and the red lines eventually became an iconic motif in the world-renowned Bloodline Series. The yellow gate tower deviates from the red ones as seen in No. 2 and No. 3 of the same series, altogether heightening the significance of Tiananmen No. 1.

Photo: Sotheby’s; Lee Man Fong (1913-1988), Fortune and Longevity, Oil on wood panel, 1951, Est. HK$12 million / US$1.54 million

Extremely rare in the artist’s oeuvre, Fortune and Longevity was kept in private hands since its completion in 1951 and is offered at auction for the first time in more than six decades. Fortune and Longevity is a compelling masterpiece that reaffirms Lee Man Fong’s contribution and influence as a pioneer Southeast Asian artist who created a brilliant synthesis of Eastern and Western art. The serene depiction of people of different generations feasting and dancing is brought alive by his striking brushstrokes, exhibiting immense technical skill which emulates the fluidity of Chinese ink, but using oil. The painting celebrates peace, prosperity, abundance and good health, expressed through the Chinese calligraphy used by the artist in addition to the auspicious symbols such as the pumpkin – a symbol of prosperity, abundance, good luck. It is Lee’s deepest empathy for humanism that imbues the painting with soul, bringing with it the artist’s vision and wishes for a better life for the people.

Photo: Sotheby’s; Lot 1889, A 9.08-Carat Pigeon’s Blood Burmese Ruby And Diamond Ring, Cartier, 1956, Est: HK$24/30 million /  US$3/3.8 million and Lot 1890, An Exceptional D/IF Riviere Diamond Necklace, Totalling 88.88 Carats, Est: HK$35 – 50 million /   US$4.5 – 6.4 million

They say diamonds are a girl’s best friend, and the Magnificent Jewels and Jadeite sale delivers an array of exquisite jewels including the above magnificent ruby and diamond ring and an exceptional diamond necklace.

Two stunning colored diamond rings also will be offered. Pink diamonds of over 10 carats are exceedingly rare and at 10.15 carats, the beautiful gem offered is one such example. Of a lovely and soft pink hue, well-proportioned classic pear shape and flanked by gleaming white diamonds, this elegant jewel is the epitome of feminine grace. Another head-turning jewel offered for sale is a 21.43-carat Fancy Vivid Yellow Diamond and Diamond Ring. Impressive in its size, this stunning gem gleams with a saturated and pure Fancy Vivid Yellow color, rated by the Gemological Institute of America (GIA) as the most desirable in a yellow diamond, and is certain to shine in the most glamorous of occasions.

The exhibitions will be open for public viewing October 5 – 8 at the Hong Kong Convention and Exhibition Centre. The auctions will be from October 5-9 in the same location.

Looking for a Hong Kong property to accompany your newly purchased Asian works?  View our photo gallery of Hong Kong properties on the Sotheby’s International Realty Facebook Page.

*Estimates do not include buyer’s premium

Sotheby’s Asia Week 2012 in New York

This week Sotheby’s auction house celebrates some of the world’s oldest and most diverse cultures of Asia with a week of exhibitions, lectures, events and auctions at Sotheby’s in New York. The week includes the Modern and Contemporary South Asian Art sale, which features pieces gathered from a variety of private collections, The Fine Chinese Ceramics and Works of Art, which is comprised of approximately 400 lots of porcelains and art, and the Classical Chinese Paintings sale, which includes a total of 150 lots from a variety of leading artists from Ming and Qing dynasties.

Here are some of the highlights to be featured in this week’s auctions, which are currently on exhibition at Sotheby’s New York headquarters.

Photo: Sotheby’s

The Abe and Jan Weisblat Collection is the most important collection of Indian Art to appear at auction since 2000. A strong selection of paintings from the high period of Modernism in South Asia are included in this 95 lot sale that is estimated to fetch $3.1/4.5 million.

Spearheading the sale is the 1966 oil on canvas from Ram Kumar, Untitled (Benares) (above left), which is estimated to sell for $150/200,000.  Also in the collection is the large-scale canvas, Untitled (The Three Muses, Maya Series) (est. $500/700,000, above right), which was acquired directly from the artist in the 1960s, and has taken pride of place as the centerpiece of this historic collection. The piece presents a rare and complex composition in which the artist himself appears as the central figure. The dreamlike painting is from the diverse series entitled Maya, a theme that is central to both Buddhist and Hindu philosophy.

Photo: Sotheby’s

An Important Wucai ‘Fish’ Jar And Cover, Jiajing Mark And Period.  Fish Jars and covers from the Jiajing period are among the most remarkable imperial porcelain creations of the Ming Dynasty because of their free-spirited Daoist imagery. This piece (above) is consigned by The Walters Art Museum, Baltimore and is being sold to benefit the Asian Art acquisitions fund. It is estimated to fetch $500/700,000.

Photo: Sotheby’s

A Rare Blue And White Moonflask (Baoyueping) (above), Ming Dynasty, Yongle Period was recently discovered in a Long Island home, and had been in the family collection for decades. The Moonflask was kept on a wooden stand which was used as a doorstop, and only came to light when the owners saw a similar piece in a Sotheby’s advertisement. These types of flasks derived from the proto-type of Islamic 2 metal works and were popular during the Yongle and Xuande periods and combine Chinese taste with Persian design. The piece is estimated to fetch $600/900,000.

Visit Sothebys.com for more details on Sotheby’s Asia Week, or Follow them on Twitter and on Facebook.

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