BenCab, ‘Draped Figure XVI’, 2010. Image Courtesy Salcedo Auctions

Manila-based auction house Salcedo Auctions saw impressive results in its highly anticipated 3 June auction, ‘The Collectors’ Sale’, which featured an exceptional selection of local and international art, furniture, décor, jewellery and other rarities.

Witnessing an incredible display of dedication by connoisseurs and enthusiasts alike, the auction concluded with across-the-board sales that rose well above their estimates.

Notably, National Artist Fernando Amorsolo’s 1958 oil on canvas, ‘Untitled (Lavandera)’, sold for more than double its published estimate at PHP 2,569,600. Other highlights include works by Galo Ocampo and Gus Albor, both of which sold for multiple times the listed estimate at PHP 992,800 and PHP 759,200 respectively.

Galo Ocampo, ‘Untitled (Winnowing Rice)’, 1974. Image courtesy Salcedo Auctions

The Philippine Tribal and Ethnographic Art also saw excellent results with 80% of their lots sold. Not to be left behind, furniture and jewellery both similarly rose far above expectations, with bids reaching up to five and six times their original price respectively — notably, a 20th-century hagabi bench saw a 500% rise above its estimate, selling at PHP 350,400.

Proving itself as a perfect entry point for emerging collectors, Salcedo Auctions’ resounding success in ‘The Collectors’ Sale’ has certainly reinforced its position in the industry as one to watch.

To view the full results of the auction, visit Salcedo Auctions.

ilyda chua