Sunday, September 20, 2009

Chinese furniture on the move

Is Chinese antique furniture on the up?

It would certainly seem so judging from recent auction results. During the week Sotheby's New York auctioned a number of pieces from the Arthur M Sackler collection with a pair of huanghuali compound cabinets and stands going for over $1 million dollars. Other pieces also sold well over their estimates, indications perhaps of an easing of the economic conditions and recognition of the value of genuine antique Chinese furniture.

I came across another reference to an upcoming auction in Shanghai where a rosewood chess board and pair of chairs has a reserve of approximately $25,000.

Compared to western antiques of similar periods, Chinese furniture represents good value and with good pieces becoming increasingly rare to secure they can only increase in value and desirability.

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