Sotheby’s International Realty Brand to Enter Hainan and Strengthen Presence in China

Hainan_3Sotheby’s International Realty Affiliates LLC today announced Tianjin Zeng Yi Real Estate Brokerage Co. Ltd., which is owned by Plus Investment Holding Group (Beijing), will open Hainan Sotheby’s International Realty in China, furthering the brand’s expansion in Asia.

Kevin Corbett will serve as chief executive officer, and Jim Hao will serve as general manager.  The firm is expected to open in mid-November of this year.

“Following the planned opening of Beijing Sotheby’s International Realty in October, Kevin and Jim look to continue the momentum in Hainan,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC.  “Hainan, with its tropical climate, is a tourist hot spot.  We are proud of their efforts in creating a strong presence in this market, as we continue our expansion in Asia.”

With the opening of Hainan Sotheby’s International Realty, the Sotheby’s International Realty® brand will have 27 independently owned and operated offices throughout Asia in Australia, Beijing, Hong Kong, Japan, New Zealand, the Philippines, Taiwan, Thailand and Vietnam.

“Hainan is often referred to as the Hawaii of China, and the No. 1 tropical resort destination there,” said Corbett.  “With the strength of the Sotheby’s International Realty network and our robust resources in Hainan, we are opening new doors to this exotic haven and to those seeking to invest in China’s world-class resort real estate.  With the opening of Hainan Sotheby’s International Realty, we foresee further growth and expansion in mainland China’s luxury real estate market.”

The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 720 offices in 52 countries and territories worldwide.  Hainan Sotheby’s International Realty listings are 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 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.

A Collector Bridges the Gap

Post provided by Alexandra A. Seno for Sotheby’s Magazine.

TAIPEI – Taiwan-based businessman Pierre Chen is one of Asia’s leading collectors of Western contemporary art. Now, as Alexandra A. Seno reports, Chen is bringing the collection he lives and works with to a wider audience, and in the process, connecting the East with the West.

Museo del Prado 4, the subtly dramatic Thomas Struth photograph, dominates one wall of a conference room at the Yageo Corporation global headquarters, just outside Taipei. The German photographer’s large-scale work, part of his iconic Museum Photographs series, focuses on a group of students on a trip to the great Spanish art institution. The boys and girls linger indifferently in front of Las Meninas, the 1656 painting by Diego Velázquez that has inspired generations of artists, from Pablo Picasso to Francis Bacon.

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Pierre Chen, collector and businessman at home in Taipei, where a painting by Georg Baselitz hangs behind him. Photograph by Andrew Loiterton.

Walking into the empty conference room – which otherwise fits about 30 – Yageo founder Pierre T.M. Chen gives the photograph a quick glance before he settles down at the table. The Taiwan-trained computer engineer started Yageo in 1977 and built the company into one of the world’s biggest electronics components manufacturers, with average yearly sales of US$800 million. He has nine factories and offices in seventeen countries, and is actively engaged in Yageo’s day-to-day management.

Chen says: “My business changes very quickly. I am fighting everyday because there is always some new technology coming to the market. For me to have balance in my life, I need art and music.” Hundreds of pieces adorn his offices and homes, and even more are in storage. But starting this summer, four prestigious Japanese museums will exhibit 76 works from Chen’s collection.

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In a Tokyo residence, Peter Doig’s Canoe Lake has pride of place in the dining room. Jean-Baptiste Huynh’s Inde-Portrait XXIX and Josè-María Cano’s  RM-Kate Moss Flank the doorway. Photographs courtesy of the Yageo Foundation

It will be the first time that the institutions will show a single, private collection of modern and contemporary art, and it is also the first occasion in Asia that works from the Yageo Foundation can be viewed together in public. The tour begins in June at the National Museum of Modern Art in Tokyo (MOMAT), and then proceeds to the Nagoya City Art Museum in September, the Hiroshima City Museum of Contemporary Art in December and finally the National Museum of Modern Art in Kyoto in March 2015.

MOMAT curator and organiser of the exhibits Kenjiro Hosaka wanted to collaborate with Chen not only because Japanese museums do not usually have access to such works, but also because he was drawn to the collection’s “energy to bridge the gap between Eastern and Western art, which museums in Japan have struggled with for many years.”

“I decided to accept the invitation from Japan because the museum is professional, and because Japanese audiences have a mature appreciation for art. They admire traditional things and also what is new. I also consider Japan as my retirement destination of choice,” says Chen, who keeps a Tokyo apartment, conveniently just five minutes away from MOMAT.

 

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The living room of one of Chen’s Hong Kong homes, with Gerhard Richter’s Abstraktes Bild andMark Tansey’s Mont Sainte-Victoire. Photographs courtesy of the Yageo Foundation.

Born in Tainan, Chen grew up in Kaoshiung to a middle- class family that could trace their roots in Taiwan back for 200 years. He enjoyed going to galleries, and as a student in 1976, he made his first art purchase: a wooden, coconut-sized sculpture by Hong Kong artist Cheung Yee. It cost 25,000 Taiwanese dollars, a sum that took him a year and a half to save as a part-time computer programmer. He proudly keeps it in his office today.

When his company began to do very well, Chen started collecting Chinese artists because he was inspired by their work. As his business expanded to other countries, he would travel, and says he “liked going to museums and galleries because they are a good place to learn.” He read voraciously about art and went to exhibitions, habits he continues today. “I am still discovering,” he says, his eyes lighting up behind his serious, black-framed glasses.

In recent years, Chen has been most excited by Western contemporary art. He took the leap in the mid-1980s and bought an untitled Cy Twombly work because it made him feel “calm,” and later a yellow Warhol fright wig self-portrait because he thought it was “so fresh.” Continue Reading >

Luxury Real Estate Headlines: Second Week in April 2014

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

Melbourne, Australia Luxury Homes for SalePrice Upon Request / Melbourne, Australia / Melbourne Sotheby’s International Realty

Chinese buyers snap up high-end real estate in college towns - The Wall Street Journal

“In an effort to increase the likelihood of their children studying abroad, a growing group of Chinese buyers is snapping up high-end real estate in college towns around the world. Some Chinese buyers are using the properties to meet the universities’ residency requirements. Luxury homes also offer their children an upscale alternative to dorm life. Most important, many hope that real-estate purchases will help pay the costly university tuition.”

Homes That Go Out on a Limb - The Wall Street Journal

Virginia Firm Joins Sotheby’s International Realty BrandSotheby’s International Realty

Massachusetts Firm Joins Sotheby’s International Realty Brand - Sotheby’s International Realty

Luxury Shoreline Home in Spain / House of the DayThe Wall Street Journal

Bauhaus Flair by the Water in Massachusetts / House of the DayThe Wall Street Journal

An Artist’s Home in Colorado / House of the Day - The Wall Street Journal

Pitfalls of pocket listings outweigh potential upsidesInman News

Second-Home Mortgages on the RiseDSNews.com

Chicken Cup, Chinese art’s ‘holy grail’, sells for £19.6mThe Telegraph

Duke’s sale of the centuries  – The Telegraph

Bubble? What Bubble? Art Sales Soar to RecordNBC News

 

Sotheby’s International Realty Brand to Enter Beijing

Sotheby’s International Realty Affiliates LLC today announced it has secured approval to conduct business in mainland China, and has signed an agreement with Beijing Xin Rui Zeng Yi International Real Estate Brokerage Co. Ltd., which is owned by Plus Investment Holding Group (Beijing), to open Beijing Sotheby’s International Realty.

Liu Gang will serve as chairman of Beijing Sotheby’s International Realty, Kevin Corbett will serve as chief executive officer, and Jim Hao as general manager. Beijing Sotheby’s International Realty is scheduled to open in the first quarter of this year.

“Doing business in China is a key milestone for our brand,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “In September 2012, Sotheby’s became the first international auction house licensed to conduct auctions in China through its joint venture Sotheby’s (Beijing) Auction Co., Ltd. Concurrent development in China has been a priority for the Sotheby’s International Realty brand for the last several years. We strongly believe that under the leadership of Mr. Gang and Mr. Corbett, the Sotheby’s International Realty brand will have a strong foothold in Beijing, China’s capital.”

“Our team has extensive experience with high-end consumer goods, and together with the Sotheby’s International Realty brand’s global reach, we can combine our local knowledge to create a trusted resource for those seeking to invest in Beijing’s real estate,” said Gang. “We look forward to further growth and expansion in the key luxury markets of mainland China.”

With the opening of Beijing Sotheby’s International Realty, the Sotheby’s International Realty® brand will have 27 offices throughout Asia in Australia, Beijing, Hong Kong, Japan, New Zealand, the Philippines, Taiwan, Thailand and Vietnam.

The Sotheby’s International Realty network currently has nearly 14,000 sales associates located in approximately 680 offices in 49 countries and territories worldwide. Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the network’s brokers and clients 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.

Search Luxury Real Estate for Sale in Asia >

 

Luxury Real Estate Headlines: Third Week in June 2013

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

dallas mansions for sale

$6,400,000 USD / Dallas, Texas / Briggs Freeman Sotheby’s International Realty

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Highlights from the Realogy FWD Innovation Summit - Sotheby’s International Realty

Housing Starts in U.S. Rose in May to 914,000 Annual RateBloomberg

China May Home Prices Rise as Major Cities Post Record GainsBloomberg

Trulia Reports Growing Foreign Interest in Los Angeles, San FranciscoTrulia

Dallas Home Prices Do Best Since Bubble: Riskless Return - Bloomberg

The Most Expensive Homes For Sale In America Right NowForbes

Europe: Private Island on the Thames: $11.7 MillionWSJ House of the Day

Asia: Green Space in ThailandWSJ House of the Day

Sotheby’s [International Realty] see value in [Australia] Gold Coast marketThe Telegraph

For Sale: Houses with Beautiful BallroomsThe Telegraph

Important 20th Century Design Sale totals $4.7 millionartdaily.org

Luxury Real Estate Headlines: First Week in June 2013

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

GNE

On June 2-5, Sotheby’s International Realty hosted their 2013 Global Networking Event at the J.W. Marriott in LA for nearly 1,400 attendees from across the globe.

Bridger-Teton parcel in Jackson, Wyoming hits market; U.S. Forest Service has chosen Sotheby’s International Realty to market - Billings Gazette

Luxury Sales Continue to Bounce Back, Brokers SayThe Wall Street Journal

Venezuela money helps fuel Miami housing boom – CNN Money

How to find a home that’s Juan in a millionThe Telegraph

House Hunting in…MexicoThe New York Times

McMansions are making a comebackCNN Money

Retirement Living: 5 great (unknown) places to retireUSA Today

China’s May SouFun Home Prices Jump, Defying Tightened Curbs – Bloomberg

Rare Persian carpet sells for $33.7 million in NYCSan Francisco Chronicle

 

Luxury Real Estate Headlines: Second Week in May 2013

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

Barrett Sotheby's International Realty

Sotheby’s International Realty Brand Welcomes Massachusetts Firmsirluxuryrealestate.com

Sotheby’s International Realty Affiliates LLC announced that Barrett and Company Real Estate in Concord, Mass., is the newest member of its luxury real estate network and will operate as Barrett Sotheby’s International Realty effective May 15.

U.K. House Prices Climb to Highest Since 2010 - Bloomberg

China Home Sales Growth to Slow on Property Curbs - Bloomberg

The Cost of ‘Gold Coast’ LivingWSJ Developments

Gorgeous holiday homes in Provence for saleThe Telegraph

Three Homes Cleared for TakeoffThe Wall Street Journal

Fort Worth: City of Cowboys and Culture - The Telegraph

Swizz Beatz And Alicia Keys Host Private Viewing At Basquiat ExhibitionVibe.com

Cézanne and Modigliani Push Sotheby’s Impressionist and Modern Art Sale to $230 Million - The New York Times

Iconic 60’s Modernism, A Warren Platner Signature PropertySothebys.com

Luxury Real Estate Headlines: First Week in May 2013

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

Hong Kong luxury houses

Hong Kong: big property bubble in little China - The Telegraph

Property prices in Hong Kong have rocketed due to record low interest rates and an influx of wealthy buyers from mainland China. Foreign investment, coupled with the country’s strong economic growth – led, in part, by Hong Kong’s financial services industry – has facilitated increased investment and development in the city.

Secret ‘pocket listings’ return in hot housing marketsCNN Money

How Boomer Home Sellers Can Hook MillennialsForbes

Inside America’s Billionaire Housing BoomForbes

The Best Modernist Homes From Around the World - Yahoo! Finance UK

Beachfront Florida Penthouse Sells in Just 19 DaysBradenton Herald

Realogy Reports Financial Results for First Quarter 2013 – Realogy.com

Living in…Sydney - BBC Travel

Sotheby’s Spring Impressionist & Modern Art Sales to be held in New York May 7 & 8Sotheby’s International Realty Extraordinary Living Blog

An Impressionist’s Habitat: Awe-Inspiring Parisian ApartmentsSothebys.com

Luxury Real Estate Headlines: Third Week in April 2013

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

canada homes for sale

Sotheby’s International Realty Canada / Victoria, British Columbia / $10,900,000 CAD

Canada’s housing market drawing the big-money crowd - Toronto Star 

Sotheby’s International Realty is seeing a surge in demand from wealthy Syrians, Egyptians and Europeans looking for a safe and relatively stable place to park their millions — Canada’s softening real estate market.

 

Sothbey’s International Realty Brand Enters Malta – Sotheby’s International Realty

Sotheby’s International Realty Brand Introduces Luxury Website for the Golf Specialty Market – Sotheby’s International Realty

Hot property: Five penthouses with panoramic views – Financial Times

International reach a must to land high-end listings – Inman News

Billionaire Pieds-à-terre: Fever La France – Billionaire.com

So what would it cost to buy an island paradise of your very own? – Yahoo! Finance, UK & Ireland

Realogy CEO: We’re Very Bullish Now – CNBC Mad Money

Realogy Moves ‘FWD’ With Innovation Summit – The Wall Street Journal

Sotheby’s Auctions Rare White Diamond - The Associated Press (YouTube video)

Luxury Real Estate Headlines: First Week in April 2013

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

pierre hotel penthouse

Exclusive Listing of the Penthouse at the Pierre Hotel Offered at $125 Million - The New York Times

Mathieu Newton Sotheby’s International Realty Joins the Brand – Sotheby’s International Realty

In Search of Sand and Snow: Top Vacation-home Destinations in the US - The Wall Street Journal

China’s Home Prices Increase Most in 26 Months, SouFun Says - Bloomberg

Sotheby’s to auction Leger painting owned by Madonna, to benefit girls’ education - Artdaily.org