Most of us have had that moment when we find something old or odd in a dusty crevice of our homes and usually believe that it’s destined for donation rather than success; although we may wonder if it might just be worth a fortune. Well, on the auction floor of our Octagon Saleroom, that very scenario became a reality.
An oil on board, ‘Fishing village, evening’ (pictured above on the mantelpiece) by Chinese born Singaporean artist Cheong Soo Pieng, was purchased in the sixties by the vendor’s husband, who while on his travels after his studies at Oxford University, stopped off in Singapore.
After moving home through our residential team, the vendor sought to auction various belongings and believed that the painting would be sold alongside other household items in one of our monthly general sales. However, in an interesting twist the painting featured in a carefully curated 20th Century Design sale, put together by one of our valuers, Simon Rayner.
Bidding opened at £10,000, and six phone bidders were keen to rehome the piece. The saleroom hummed itself into silence as the bidding continued to climb, only to be broken by the applause at the hammer. The painting was sold for the sum of £23,500, inclusive of Saleroom fees.
Artist Cheong Soo Pieng has recently grown in popularity in Singapore and surrounding countries. His piece, ‘Drying salted fish’ appears on the Singaporean $50 note, making his work recognisable to even those who aren’t fans of art.
In response to the success, the delighted vendor said, “I had no idea at all”, and initially thought a different piece had achieved the incredible price.
The success did not stop there however, as some of the vendor’s other items also picked up great prices during the sale. A pair of life-size suits of armour made £1,700 and a teapot achieved the price of £850. Speaking of the service given by GTH, the happy vendor told us it was “highly commendable and a very good process”.
Still reeling from the excitement of the sale, our Antiques team said: “It’s always a great feeling when those items come through our doors, it’s always a pleasure to achieve the price they deserve.”
The Octagon Saleroom is no stranger to this kind of success, with many items achieving prices that stun the floor. In 2012 a Dame Barbra Hepworth piece; a 21cm alabaster sculpture aptly named ‘Small Oval’, fetched upwards of £350,000, exclusive of fees.
Some other notable items that have passed the Saleroom include a single stone 6 carat diamond ring which sold for over £66,000, an exceptionally fine silver and gilt cloisonné vase and cover bought for £13,575, and A twin Fusee ‘Goliath’ carriage clock which was bought for £8,400. ‘Fishing village, evening’ will join these high ticket items that have been sold by our expert team.
Our Antiques experts offer free valuations and with regular sales including Collector’s, 20th Century and Sporting, it’s not only antiques that you can sell and buy at the Octagon Salerooms.
Also, at Sedgemoor Auction Centre we hold monthly general sales that attract over 100 people at a time. With anything from crockery to wardrobes and garden accessories to bed linen, our general sales help give items a new home. With no reserves, you can pick up items from as little as £1. Perfect if you are having a house clearance before your move, or need to fill your new home with interesting finds.
Talk to our Antiques Saleroom team to find out more 01823 332525 | gth.net/antiques