Tuesday, December 14th, 2010 - About Skinner
Skinner, Inc. today announced impressive results at its December 2010 auction of Asian Works of Art, held on Friday, December 3rd and Saturday, December 4th underscoring continued momentum in 2010 and market enthusiasm around Skinner's unique offerings. Skinner's Asian Works of Art auction grossed around $5.8 million, nearly five times of the pre-sale high estimate total of $1.28 million. Of the 1,700 works offered, 94 percent sold by lot and 99 percent by value, many far exceeding pre-sale high estimates. The sale was just the latest in a string of highly successful auctions at Skinner, marking the year as one of the most successful in the company's history.

Skinner's Asian Arts department has experienced phenomenal growth in the past few years as the market for rare and important Chinese material has exploded. The December 2010 auction of Asian Works of Art surpassed all expectations, making it the company's most successful Asian Art auction to date, and the second highest grossing auction ever at Skinner. The top lot is an album from the collection of P.Y. Wang (1893-1977), who was known as the "Gold King" of Shanghai in the early 20th century, invested in and reorganized the Land Bank of China. The album including ten leaves of landscape and six leaves of calligraphy by renowned Chinese modern painter Zhang Daqian, done on the occasion of P.Y.'s 80th birthday, sold for $1.227 million, exceeding a conservative estimate of $6,000-8,000; another blue and green landscape painting by Zhang Daqian, and a Wu Hufan painted fan from the same collection sold for $424,000 and $88,875 respectively. A painting album from Shen Baozhen (1820-1879) family collection, including works by Xu Beihong, Wang Yachen, and Huang Binhong, sold for $154,050. Besides Chinese painting and calligraphy categories, works of art saw some high prices as well. A gilt-bronze Bodhisattva Manjusri from the Yongle period (1403-1425) and a large sea green jade carving of a mythical animal from 18th century sold for $65,175 each.

"We are thrilled at the enthusiasm and energy around our recent Asian Works of Art sale as buyers and consignors alike acknowledge the excitement and satisfaction of buying and selling at auction -- whether in person, over the phone, or live online," said Skinner CEO Karen Keane. "We're pleased that our integrated auction strategy has paid off with great returns, and we remain dedicated to offering our worldwide audience the chance to bid on the highest quality collections, rare finds, and unique vintage pieces."

Learn more about Skinner auctions and events at www.skinnerinc.com. For a uniquely personal perspective on the world of auctions, read what Skinner appraisers have to say on Skinner's new blog at www.skinnerinc.com/blog/index.php.

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About Skinner


Skinner, Inc. is one of the world's leading auction houses for antiques and fine art. With expertise in over 20 specialty collecting areas, Skinner draws the interest of buyers from all over the world and its auctions regularly achieve world record prices. Skinner provides a broad range of auction and appraisal services, and it is widely regarded as one of the most trusted names in the auction business. Skinner's appraisal experts regularly appear on the PBS-TV series, Antiques Roadshow, and its specialty departments include American Furniture & Decorative Arts, American & European Paintings & Prints, European Furniture & Decorative Arts, 20th Century Design, Fine Ceramics, Fine Jewelry, Couture, Fine Musical Instruments, Asian Works of Art, Fine Wines, Rare Books & Manuscripts, Oriental Rugs & Carpets, American Indian & Ethnographic Art, Fine Judaica, Antique Motor Vehicles, Toys, Dolls & Collectibles, Discovery and Science, Technology & Clocks. Skinner galleries are located in Boston and Marlborough, Mass. For more information on upcoming auctions and events, visit Skinner's web site www.skinnerinc.com.
James Callahan
P: 508-970-3255
W: www.skinnerinc.com

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Skinner Asian Art

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