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Leonard Joel

South East Asian Trends

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A couple of weeks ago I attended an Asian 20th Century Art auction in Hong Kong. Highlights included Vietnamese paintings by masters like
Le Pho and Vu Cao Dam, with most of these quickly soaring to far exceed their estimates. Particularly sought after were works bringing together a modern French style, the traditional Vietnamese medium of ink and paint on silk, and Vietnamese daily life subject matter.

Some say the Vietnamese economy is showing the fastest growth of any in the world, at 5.1% GDP in 2017 (PriceWaterhouseCoopers), with plenty of room for continued growth. In light of this, the Vietnamese art market should be worth keeping an eye on, and indeed invested in if possible, as well as other South East Asian countries that show similar growth, like Indonesia, Thailand and the Philippines.

Despite the surge of interest in modern Vietnamese painting over the past few years, early Vietnamese ceramics and sculpture are still very affordable. In fact, South East Asian ceramics in general is a promising area for collecting. During the 15th century there was an explosion of ceramic production in Thailand and Vietnam in particular, due to a lull in the Chinese export of ceramics during the early Ming dynasty. While these Thai and Vietnamese wares were fiercely collected some decades ago, there has been a softening of the market since.

The Margaret Bolster Collection on 11 July is particularly strong in Thai and Khmer ceramics, with great provenance, having been assembled decades ago.

We are now consigning for our October Fine Asian
Art auction, so if you have any South East Asian antiques or works of art that you are thinking of consigning, please contact us to organise a complimentary appraisal.

Carl Wantrup
Asian Art Consultant


ASIAN ART ENTRIES INVITED AUCTION MONDAY 8 OCTOBER 2018

Enquiries
Chiara Curcio
Head of Decorative Arts
03 8825 5635 | 0412 653 315
chiara.curcio@leonardjoel.com.au

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