Prices%20soar%20for%20Chinese%20and%20Japanese%20works%20of%20art%20at%20Sotheby%5C%27s%20in%20London

Today at Sotheby’s in London, prices soared for rare Chinese and Japanese works of art, with individual pieces selling for many multiples of their estimates, bringing the combined total to £18,279,875 (US$28,650,048 / HK$223,470,374), far exceeding the combined pre-sale low estimate of £5 million (US$7.9 million / HK$61.6 million). The morning began with the single owner sale The Soul of Japanese Aesthetics: The Tsuneichi Inoue Collection formed by the Tokyo collector Tsuneichi Inoue. Encapsulating the most refined of collecting taste in Japan in the early to mid-20th century, the auction, comprising 69 lots, brought a total £7,912,750 (US$12,401,653 / HK$96,732,893), well over its pre-sale high estimate of £1.6 million. An ancient painted earthenware female bust, Dogu, from Japan’s Neolithic era, was feverishly pursued, driving the final sale price to £1,013,000 (US$1,587,675

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