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Friday, November 19, 2010

BONHAMS CEMENTS ITS POSITION AS MARKET LEADER FOR JAPANESE ART IN EUROPE DURING `ASIAN ART IN LONDON

AN EXTREMELY RARE MEDIEVAL LONGBOW SELLS FOR TWENTY TIMES PRESALE ESTIMATE
 
The bi-annual `Various Owners’ fine Japanese auction that took place on 11th November in New Bond Street ensured that Bonhams enjoyed another resounding success during Asian Art Week, with a sale that totalled over £1.7million.
The top lot was an exquisite and delicately crafted example of weaponry in the form of a Negorolacquer yumi (longbow) used by the Japanese aristocracy that was made during the Muromachi Period (1333-1573). It sold for £204,000, over twenty times the pre-sale estimate of £10,000 – 15,000. This exceptionally rare and remarkable survival from the brutal, militaristic era of medieval Japan is apparently the only recorded Negoro lacquer long bow.
Further highlights of the sale included an impressive, naturalistically-rendered, fully articulated iron dragon - the largest iron dragon that has been ever been recorded - that sold for £120,000. The dragon was created in the Edo period (18th/19th century) by a member of the Myochin Family. Historically, members of the Myochin Family were supreme armour makers and famous for their excellent iron forging and hammer work. However, during the protracted and peaceful Edo period there was less demand for the manufacture of armour, and the family used their craftsmanship and expertise to create other objects, including jizai okimono, such as this magnificent creature offered in this sale.
Other works of art from the Meiji period including lacquer and Satsuma ceramics, as well as early porcelain and paintings, also featured in the top ten lots, obtaining astounding  prices.  An inlaidshirokiri (white paulownia) wood hirobuta (presentation tray) by the Imperial Court artist Asahi Gyokuzan 91843-1923)  sold for £48,000.  Crafted in a variety of textures, including mother–of-pearl,  pewter and silvered metal, the open fan design of red and white Winter plums in partial bloom elegantly encapsulates the magical transience of nature – a hallmark of the finest Japanese art.  A matching overlapping fan design set of a gold lacquer and silver-inlaid tebako (cosmetic box), bundai(writing desk) and suzuribako (writing box) sold for £38,400, exceeding the pre-sale estimate of £15,000 – 20,000 whilst a set of five Nabeshima cups sold for £88,800 and a finely-painted, large deep Satsuma bowl by Ryozan fetched £33,600.
Suzannah Yip,  director of Japanese Art said: No series of Japanese sales in London this millennium have approached the total we achieved last week of nearly £4million. This demonstrated that not only is London still Europe’s most important centre for selling and buying Japanese art, but also that there is still a knowledgeable and sophisticated nucleus of European, Asian and American collectors ready to pay the highest sums for exceptional pieces.
 

Bonhams
Bonhams, founded in 1793, is one of the world's oldest and largest auctioneers of fine art and antiques. The present company was formed by the merger in November 2001 of Bonhams & Brooks and Phillips Son and Neale UK. In August 2002, the company acquired Butterfields, the principal firm of auctioneers on the West Coast of America. Today, Bonhams offers more sales than any of its rivals, through two major salerooms in London: New Bond Street, and Knightsbridge, and a further five throughout the UK. Sales are also held in San Francisco, Los Angeles, Carmel, New York and Boston in the USA; Toronto, Canada; and France, Monaco, Australia, Hong Kong and Dubai. Bonhams has a worldwide network of offices and regional representatives in 27 countries offering sales advice and valuation services in 57 specialist areas. By the end of 2009, Bonhams had become UK market leaders in ten key specialist collecting areas. For a full listing of upcoming sales, plus details of Bonhams specialist departments, go to www.bonhams.com

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