On-site auctions – prospects for the paint market in Vietnam | Culture – Sports

A painting by Mai Trung Thu

Hanoi (VNA) – The recent organization of a exhibition of unsold paintings in Vietnam by Sotheby’s – the largest, most reliable and dynamic art and luxury marketplace in the world – has demonstrated the prospects of this art market.

The exhibition, titled ‘Timeless Souls: Beyond the Voyage – Hon Xua Ben La‘, presented more than 50 works of Le Thi LuuLe Pho, Mai Trung Thu and Vu Cao Dam, the four renowned graduates of the first generation of the École des Beaux-Arts de l’Indochine (EBAI) who emigrated to France at the beginning of the 20th century.

Ace Le, an independent researcher and writer on Vietnamese art who was selected by Sotheby’s to co-curate this public exhibition, this is a unique exhibition for Sotheby’s itself, as the auction house organizes mainly non-sales in Europe. Normally, Sotheby’s only exhibits when they buy and sell works of art.

“We are proud to host Sotheby’s first-ever exhibition in Vietnam, in vibrant Ho Chi Minh City, where we hope to reconnect audiences with its rich cultural heritage through these exceptional, local works of art.” , said Nathan Drahi, Managing Director, Sotheby’s Asia.

On-site auctions - prospects for the painting market in Vietnam hinh anh 2A painting by Vu Cao Dam

Ace Le said that international statistics show that Vietnam is the fastest growing art market in Southeast Asia.

This exhibition is its strategic investment in the country, said Ace Le. “The exhibition is organized to pay homage to the history of fine art and to Vietnamese fine art collectors and enthusiasts.”

“I hope the exhibition will help open the door to international auction houses. They will recognize the benefits of cooperating with Vietnamese experts to develop the Vietnamese paint market,” he added.

Like-minded painter Le Thiet Cuong said Sotheby’s move will have a good effect, preventing other famous auction houses such as Christie’s from standing still.


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