Wed, Dec 09, 2009 - Page 15 News List

Back on track

Record-breaking prices at Ravenel’s autumn auction indicate that the market for modern art by established Asian artists is rebounding after last year’s slowdown

By Noah Buchan  /  STAFF REPORTER

The kitschy 2005 sculpture Contemporary Terracotta Warriors — Series No. 6 (現代兵馬俑系列之六) by Chinese artist Yue Minjun (岳敏君), which depicts the artist’s goofily smiling head on a body resembling one of Qin Shi Huang’s (秦始皇) iconic terra-cotta warriors, had a pre-sale estimate of between NT$4 million and NT$5 million. It received no bids. Nor did Yang Shaobin’s (楊少斌) 2006 work Shadow (陰影), which had a pre-sale estimate of between NT$1.1 million and NT$1.8 million.

Correction: On Sunday, Ravenel had sold 85 percent of its auction catalog, or 192 lots, not 85 percent of its 192 lots as stated in the article. The Taipei Times regrets the error.

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