Art auction in Vietnam goes pro

17:18 | 27/05/2016 Entertainment

Often critisised as lack of professional procedure, the artists and art dealers in the country are trying to make art autions more professional. The first art auction in Viet Nam with five art works will take place in Ha Noi on May 28. Featured in the auction will be works of Hoang Phuong Vy, Quach Dong Phuong, Dao Hai Phong; and a pair of jars by Bat Trang craftsman Pham Anh Dao.

Art auction in Vietnam goes pro

Tien Nu Vung Cao (Uplands Fairies) by Quach Dong Phuong

Art for art’s sake. There goes the first art auction in Viet Nam, set to take place on May 28, not for charity purposes.

Among the works are paintings Happiness by Hoang Phuong Vy, Uplands Fairies by Quach Dong Phuong and Alongside the Red River by Dao Hai Phong. The starting price for the paintings is between VND50 million and 120 million (US$2,300 and $5,300)...

Along with the paintings, a pair of Tu Linh (Four Sacred Animals) jars by artisan Pham Anh Dao from the Bat Trang pottery village, produced in 2010, will also be presented at the auction. The starting price for the jars is expected to be between VND900 million and 1 billion ($40,300 and $45,000).

The auction process is being done in line with current legal provisions that makes it different from all previous charity auctions.

The author or owner of the artworks will receive 100 per cent of the value of the works at the starting price they set. The additional amount from the auction will be pided according to the provisions in the contract between the auction organisers and property owners.

The organisers must ensure that products on auction are exclusive with clear origin and proper dating.

The auction, which will take place at Sheraton Hanoi Hotel, is expected to attract between 40 and 50 bidders.

The organiser has offered profiles enrolled for the event and started receiving registration dossiers from now until May 28 at the Lac Viet Company, 49 Van Cao Street, Ha Noi.

Anyone interested in watching the artworks in advance can register at the company./.


Source: VNS