Gilt-bronze parrot jar to top Asian art sale at $200,000?

An auction focussing on Asian works of art, and featuring an impressive gilt-bronze "parrot jar", is to be held on the afternoon of December 23 in New York.

Featuring a host of striking art works and culturally significant artefacts, the "parrot jar" is the top catalogue lot and carries a $180,000-200,000 presale estimate. The lidded jar, which is in good condition, is decorated with traditional images of birds and blooms, thus its nickname. 

gilt bronze parrot jar
Will the jar exceed its $200,000 high estimate in what is proving to be a strong market?

Other notable lots include several valuable hanging scrolls, among them examples by Qi Bashi and Xu Beihong. The Qi Bashi signed scroll, which measures 13 x 38 inches and depicts a traditional Chinese tea service, carries a $60,000-70,000 estimate. The Xu Beihong hanging scroll, which has been given a matching valuation of $60,000-$70,000, displays a sprightly pair of black and white roosters.

China's passion for repatriating its artistic heritage is being felt around the world.

China now boasts 1.4m millionaires - the world's third highest number, having added 193,000 over the course of a year, according to Boston Consulting Group's 2012 Global Wealth Report.

Barclays' 2012 Wealth Insights report reiterated Chinese interest in the collectibles markets, observing that the country's wealthiest individuals have 17% of their wealth placed in treasure assets, compared with 9% in the US.

Whether or not the "parrot jar" will put in a strong performance at auction is yet to be seen, however the market for Asian art in a larger sense is in good health.

For more information on the sector, please visit our investing in art and photography page.

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