Auction Highlights

• Larasati made a surprise by offering lots as little as 53 pieces, which consists of categories such as Traditional Balinese Art (13 lots), Contemporary Art (6 lots), Indonesian Modern Masters (5 lots), Le Pho – a Vietnamese artist (2 lots), Indo-European Pictures (24 lots), and Dancing for the Gods (3 lots).

• Total sales rounded up to SGD 1,077,950 (hammer price), 96% sold (51 out of 53 lots), 13% sold below the Lowest Estimate (LE), 28% sold Within Estimate (WE), and 55% sold above the High Estimate (HE).

• Top performing category – based on the sold percentage: Indo-European Pictures, Dancing for the Gods, Le Pho, and Contemporary Art.

Worst performing category – based on the sold percentage: Traditional Balinese Art and Indonesian Modern Masters (refer to Table 1).

• Top performing category – based on the sales result: Dancing for the Gods (36.6% of the total sales), Indonesian Modern Masters (25.7% of the total sales), and Indo-European Pictures (20.9% of the total sales).

Worst performing category – based on the sales result: Traditional Balinese Art (10.8% of the total sales), Contemporary Art (4.4% of the total sales), and Le Pho (1.5% of the total sales) – refer to Table 4.

• Notable lots – The strategy Larasati used to arouse market bidding and to promote high enthusiasm for certain “affordable pieces” resulted to the notable sales of I Made Sukada’s Lot#11 Boy With a Bamboo Stick, sold at SGD 6,000 hammer price (400% above the HE), Arie Smit’s Lot#2 Kerosene Lamp in Sanur sold at SGD 18,000 hammer price (350% above the HE), Gerard Pieter Adolf’s Lot#46 Sculptor sold at SGD 20,000 hammer price (300% above the HE), and Wilhelminus Jean Frederic Imandt’s Lot#31 View of cliffs at Bantimurung, Sulawesi sold at SGD 3,000 hammer price (275% above the HE).

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