Oakridge Auction Gallery Sells Asian Art Piece for $925,000

Oakridge Auction Gallery Sells Asian Art Piece for $925,000

Coming off a record-breaking 2018 auction season, Erin-Marie Wallace says Oakridge Auction Gallery is ready to wow their customers even more with the quality of items coming to market in 2019.

“Our two-day auction of Chinese arts set international records,” said Wallace, a Senior Auction Specialist at Oakridge. “There were several items sold that day which, to the delight of our consignors, exceeded expectations.”

Oakridge is wrapping up its second successful year at its Ashburn location. The auction house is staffed with experts who have the skills and training to make well-informed appraisal estimates based on experience. They also have dedicated marketing and photography departments for international exposure. “We have an international auction house with a local foundation,” Wallace said.

These factors, combined with its international client list, can drive the actual selling price of an item much higher than anticipated. At the Fine Asian Art and Antiques Auction in September, several items sold for up to 10 times the estimated fair market value.

“One of the most exciting items we had the opportunity to sell was a Chinese, ceramic moon-flask made for the Imperial Court,” Wallace said. “It’s an unassuming and graceful piece, barely 7 inches tall. It was a privilege to handle it for our consignor and multiple bidders competed against each other for the opportunity to be its next owner. After several minutes of aggressive bidding, we sold the piece for $925,000”.

“Another item that exceeded expectations was a pair of Chinese porcelain bowls, also made for the Imperial Court, which found their new home for $187,500,” Wallace said.

The gallery at Oakridge was full of bidders at their Fall Fine Art, Antiques and Jewelry Auction in October, and additional bidders from around the world competed via internet. This international reach is what led to several items going for much more than their estimated market value, according to Wallace.

While Oakridge has the client list to reach buyers around the world, Wallace stressed that this puts the gallery in a unique position to help Loudoun County residents bring their collections to market.

“It’s astonishing to think that some of the best items come from the homes of local consignors,” Wallace said. “You never know what amazing treasures your neighbors have. Many Loudoun County residents schedule discrete and complimentary on-site evaluations with our specialists, but every Tuesday we invite anyone to bring items in for casual evaluations. Our complimentary evaluations run from 11 a.m. to 1 p.m., time slots fill up quickly, so make sure to call ahead. It is always an exciting day because the most unexpected delights come out of the most modest boxes and bags.

The next live auction is scheduled January 12th. Items will be available for online viewing and bidding by December 16th.

“On Monday, February 4th, we will offer our twice-annual, online-only ‘Discovery Auction,’ which includes Asian, English, and American fine and decorative arts and antiques,” she said. “This auction will be available for online bidding on January 11th.”

Wallace stressed that Oakridge has experts available to evaluate and bring to market a variety of items from many time periods and countries.

“Oakridge Auction Gallery specializes in more than just Chinese works of art,” she said. “We also handle a variety of American, European, and South American antiques, fine art, and jewelry, and each category has seen strong sales throughout 2018.”

For more information and to schedule a complimentary evaluation, visit oakridgeauctiongallery.com or call 703-291-1010.

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