Vietnam’s first commercial auction house launched in HCM City
Vietnam had its first commercial auction house open on the weekend, when a painting was sold at US$40,000 at its maiden auction.
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| This painting was sold at $40,000 at the maiden auction of Ly Thi Auction at Caravelle Saigon Hotel in Ho Chi Minh City on December 17, 2016. |
It marked the opening of Ly Thi Auction, which is the first fine art auction house in Vietnam.
A painting by Le Pho, auctioned at $30,000, was bought by a woman named Nguyen Thanh Phuong at $40,000, the organizers said.
Phuong sent a text message to buy the painting, they confirmed.
Another painting by late artist Tran Dong Phuong found its buyer at $23,000, after being offered at $22,000.
A third one, by Le Van Luong, was sold at $22,500.
Indonesian artist AFFANDI’s painting was not bought by anyone with its starting price $180,000, the most expensive at Ly Thi’s maiden auction.
Ly Thi Auction is intended to be a commercial auction room, while most of the auctions in the country have been charity-oriented so far.
Photos of the maiden auction at Caravelle Saigon Hotel in District 1:
