Rare ceramics, Chinese, Indian paintings highlight NY Asian Art Week

Classical Chinese paintings, devotional sculptures from India, Nepal and Tibet and ancient ceramics and porcelain, including a rare Ming dynasty bowl, will be among the highlights of Asian Art Week auctions in New York.

The sales that begin on Tuesday at Christie's and Sotheby's, a key driver in the global art market, will feature works of art from throughout Asia.

"I think there is something unique about these Asian art weeks in New York in that they encompass so many different cultures in Asia," said Jonathan Stone, chairman and international head of Asian Art at Christie's.

The sales are expected to attract buyers from Chinese mainland, Hong Kong, Taiwan and India, who are interested in acquiring their own great art, along with American and European collectors.

"What you also see is the global crossover of the Chinese buyers being interested in Indian or Himalayan Buddhist art, as well," Stone explained.

Among the top lots during Christie's sales, which are expected to generate as much as $26 million, is "The Butcher," by Indian artist Francis Newton Souza. Painted in 1962, the workfrom the collection of Shumita and Arani Bose could sell for $2million on Sept 17.

Another highlight of the sale will be Vasudeo S. Gaitonde's painting "Untitled", from 1971, which has a high pre-sale estimate of up to $900,000.

During its Fine Chinese paintings auction on Sept 16, a 17th century album by landscape painter and poet Shi Tao, "Plant Sand Calligraphy," is expected to go under the hammer for up to $350,000, while a 2nd/3rd century Buddha figure could sell for a similar amount in the Indian and southeast Asian auction.

A very rare Ming dynasty bowl dating from the 15th to early 16th century has a pre-sale estimate of up to $500,000 in the Chinese cloisonn enamels auction on Sept 18.

At Sotheby's, ceramics are expected to be the top sellers in the auctions whose high total pre-sale estimate is more than $60million. The "Vortex Jar", an extremely rare black-glazed, brush-painted vessel from the Song Dynasty (960-1279) and a carved plum blossom vase could each sell for $3 million.

Another highlight is a Chinese ritual bronze wine container, dating to the 10th-9th century BC, with a pre-sale estimate of up to $3.8 million.

In its fine classical Chinese painting and calligraphy auction on Sept 18, Sotheby's estimates a hanging scroll by artist Zhang Daqian, "Portrait of Avalokitesvara from Dunhuang Grottoes", could fetch more than $2.6 million.

"There are a lot of collectors who feel passionately about the pieces they collect," said Stone.

The European Fine Art Fair report 2014, commissioned by the Netherlands-based European Fine Art Foundation, showed the United States had 38 percent of the world art and antiques market, followed by China at 24 percent.

It added that although growth has slowed in China, it remained the most important of all the newer markets.