Shattering Records: At Salcedo Auctions’ Marquee Event The Well-Appointed Life Auction Of The Year - Lifestyle Asia

Records were shattered as collectors vied for blockbuster lots with National Artist Vicente Manansala’s “Vendors” from 1978 leading the way while Ronald Ventura’s “Beasty Eyes” from 2021, matches the bid at P17,240,000.

Salcedo Auctions expresses its “utmost gratitude as it announces the outstanding results of the recently concluded The Well-Appointed Life sale, with National Artist Vicente Manansala’s “Vendors” from 1978 leading the way.”

Vicente Manansala’s untitled (Vendors), a 1978 oil on canvas, soared to P17, 240, 000

The auction house adds, “Soaring to P17,240,000, the vibrant oil on canvas exceeded its pre-sale estimate of P12-14 million. Close on its heels was Ronald Ventura’s goth piece from 2021, ‘Beasty Eyes’ which matched Manansala’s price.”

Ronald Ventura’s “Beasty Eyes” from 2021 sold for Php 17,240,000 to match the winning bid for Vicente Manansala’s untitled (Vendors)

World records were once again set across various categories and artists, enthralling buyers and art enthusiasts who followed the biddings. Those on the floor for the live bidding broke into applause as the sale for Ramon Orlina’s two glass sculptures from the Tower Club Collection closed at a staggering P7,592,000 each. 

Just as exciting was the feverish bid for master abstractionist Romulo Olazo’s works. In a tour-de-force showing, the artist’s 48 x 48 inch “Diaphanous 71719” achieved P11,680,000 while his 42 x 84 inch “Diaphanous B-CXIVIII” climbed to P14,016,000, setting new world records for both size and overall price.

Romula Olazo’s “Diaphanous B-CXIVIII” climbed to P14,016,000

As the premiere resource for Juan Luna y Novicio’s works, Salcedo Auctions is “especially pleased to announce a new record for a work on paper based on size, with the artist’s ca. 1887 water color, “Reclining Warrior” selling for P2,102,400.”

Juan Luna y Novicio’s “Reclining Warrior” sold for P2,102,400

Other superlative results included Mauro Malang Santos’ “Yellow Vendor” selling at an astonishing P11,096,000; two 1957 early works from Ang Kiukok’s Bananas series (from the Rufus Phillips collection) selling at a combined total of P9,110,400; and BenCab’s 12 x 11 ½ inch 1969 “Mother and Child” achieving P3,270,400.

Mauro Malang Santos’ “Yellow Vendor” sold at an astonishing P11,096,000

The brand shares, “Expect the Philippine art market to again adjust its prices based solely on Salcedo Auctions’ verifiable and realistic results as the undisputed barometer of the Philippine art market.”

Salcedo Auctions Chairman Richie Lerma at the recently concluded “The Well-Appointed Life” live and online sale.

More exciting events are lined up for the auction house’s fourth quarter calendar, which promises to deliver more surprises still. For updates, visit salcedoauctions.com and follow @salcedoauctions and its subsidiary @gavelandblock on Facebook and Instagram.

Download this month's LIFESTYLE ASIA digital copy from:
Order your print copy of this month's LIFESTYLE ASIA Magazine:
Subscribe via [email protected]