Fong’s ‘Young Woman With Junk Boat’ sails to $9,440 at estate sale

ALAMEDA, Calif. – Sales highlights were seen in every major category of Michaan’s Dec. 2, 2012, estate auction. An oil painting by Indonesian artist Lee Man Fong brought the highest dollar amount of the day. “Young Woman with Junk Boat” sold for $9,440, surpassing its low estimate of $8,000. Also successful from the department was a 19th century Continental School oil painting: “Portrait of a Lady at a Spinet” managed to triple its projected high estimate of $700, handsomely selling for $2,655.

This oil painting was the top lot at Michaan’s Dec. 2, 2012 estate sale, selling for $9,440, which is greater than the low estimate of $8,000. (Photo courtesy Michaan’s Auctions)

Overall sales percentages were desirable for the coin and stamp department, which saw a complete sell-out of its offered 46 lots. The jewelry department also saw a sales surge in its 100 percent sell-through of Bakelite bangle bracelets. The success of jewelry continued with a single lot of two unique diamond and platinum ring mountings. The Edwardian semi-mountings doubled their high estimate of $500 with a final selling price of $1,003. Jewelry Department Director Rhonda Harness felt that many factors contributed to interest in the lot, stating, “These period pieces remain relevant to today’s buyer. The period look, quality craftsmanship and use of platinum are all strong selling points.”

The Asian department saw multiple lots pass high estimates in the sale. Two in particular doubled their high projections, with the first seen in a cast metal statue of Guanyin wearing a hooded garment and adornments of ruyi head jewelry. Another piece from the department to double high projections was an ink and color artwork scroll.

In the furniture and decorations department, a Kazak rug tripled its high estimate of $700, selling for a hefty $2,242.

Complete results for the December estate sale, as well as future sale information and bid submission, are available online at www.michaans.com.

For general information call Michaan’s Auctions at 510-740-0220, ext. 0 or e-mail info@michaans.com.

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