Bonhams' Asia Week auctions have seen an outstanding early result, with a Chinese Yongle period (1360-1424) gilt bronze figure making a 333.3% increase on estimate in New York yesterday (September 16).
The sale formed part of the auction house's Chinese Art from the Scholar's Studio auction. The figure, a statue of the Buddhist bodhisattva Shadakshari Lokeshvara, sold for an impressive $1.3m, having been estimated to make around $300,000.
The elegant figure was produced by China's imperial workshops, and then brought to Tibet as part of a series of missions made between 1408 and 1419.
The sale provided a superb indicator of what lies ahead at Asia Week, with huanghuali furniture remaining extremely popular. An 18th century recessed leg table sold for $362,500, more than triple its pre-auction estimate.
Huanghuali is an exceptionally rare Asian wood that is nearing extinction, with less than 10,000 pieces of furniture remaining. In Spring's Asia Week sales, Christie's sold a massive huanghuali table for $9m, resulting in one of the top sales of the entire event.
Further impressive sales yesterday included a rare cast bronze incense burner and cover in the shape of a goose, which made $326,500 to quadruple its pre-auction estimate. Dating to the Ming dynasty (1368-1644), the piece is prized as a unique example of its type, retaining its exquisite lotus-form base.
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