Chinese Ming Gilt-Bronze Buddha Achieves $233,000
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Doyle New York's Asian Works of Art auction on March 16, 2015 attracted strong competition from an international audience of bidders participating in the salesroom, on the telephones, and live on the Internet. The sale offered over 420 lots showcasing the arts of China, Japan and Southeast Asia from the Neolithic Period through the 20th century. Offerings included porcelain, jades, scholars' objects, furniture, bronzes, screens and paintings.
With competitive bidding, the sale totaled $2,133,681 against an estimate of $1,474,900-2,158,400, 67% sold by lot and 83% by value.
The Estate of Peter K. Warren
Featured in the auction was property from the Estate of Peter K. Warren (1920-2014). A prominent figure in the beverage industry for almost 70 years, Mr. Warren shepherded Pepsi-Cola from a one-product company into an international brand.
Born in Pittsburgh, Pennsylvania, Mr. Warren was raised in New York. He enlisted in the army during in World War II and served for seven years, achieving the rank of Captain. Following the War, he briefly worked as a journalist and copy writer before beginning his career in the beverage industry at Coca-Cola. There he befriended industry icon Alfred Steele, who was Coca-Cola’s Vice President of Marketing, and he followed Mr. Steele to Pepsi-Cola in 1950. In 1959, Mr. Warren was named Pepsi-Cola’s Vice President of Marketing, and in 1963, he became President of Pepsi-Cola International. He served as CEO and was appointed to Pepsi’s Board of Directors. Under his leadership the firm expanded globally, and by his retirement from Pepsi in 1985, the firm had revenues in excess of $7.5 billion, with products in 150 countries and territories.
Highlighting Chinese art in the Warren collection was a Ming dynasty gilt-bronze Buddhist figure seated on the back of a Qilin measuring 32 inches in height. The Buddhist figure attracted a great deal of attention during the exhibition, and at the sale it soared over its estimate of $6,000-8,000 to achieve a stunning $233,000. A peachbloom glazed porcelain seal paste box with the Kangxi Mark and possibly of the Period, measuring 2 7/8 inches in diameter, sold for an exceptional $93,750, many times its estimate of $3,000-5,000. A Qing dynasty Langyao glazed porcelain meiping, height 7 1/4 inches, estimated at $1,200-2,500, fetched a strong $46,875.
Property From Other Collections and Estates
Property from other collections and estates featured a Chinese Famille Rose glazed porcelain cup with the Yongzheng Mark and of the Period, height 2 1/4 inches. Decorated with flowers issuing from rockwork, the cup achieved a remarkable $161,000, far exceeding its estimate of $10,000-15,000. Bronzes included a Chinese bronze water buffalo cast in a recumbent pose, length 3 1/2 inches, estimated at $5,000-7,000, that sold for a surprisingly strong $93,750.
All prices include the Buyer’s Premium.
NEXT ASIAN WORKS OF ART AUCTION: September 2015
Consignments are currently being accepted for Doyle New York’s September 2015 Asian Works of Art sale. We invite you to contact us for a complimentary auction evaluation. Our specialists are always available to discuss the sale of a single item or an entire collection. For information, please call Marley Rabstenek at 212-427-4141, ext 299 or email [email protected]