The upcoming KL Lifestyle Art Space (Klas) Art Auction 2015 will feature some 100 artworks from prominent local artists such as Yusof Ghani, Khalil Ibrahim, Abdul Latiff Mohidin, Tajuddin Ismail and Khoo Sui Hoe.
Klas chief executive officer Datuk Gary Thanasan said the 13th edition of the art auction would showcase about 83 local pieces while the rest are from Indonesia, Singapore and the Philippines.
He said the gallery reaching its 13th edition was a huge feat after being in the business only since September 2013.
“Some people did not think we would last but we have proved them wrong,” he said.
Gary said auctions were important in allowing buyers to get paintings at a lower than market price as well as to collect pieces by renowned artists.
One of the key paintings that will take centrestage at this auction is Yusof Ghani’s Biring LXX piece, painted in 2007, that was worth about RM30,000 in 2007 and is expected to reach RM200,000 at this auction.
Gary said the 183cm x 183cm oil-on-canvas work would be an interesting piece to keep watch, adding that it was from a private collector.
“If we are able to go beyond RM209,000 for this piece, it will beat his Siri Tari piece that was sold for RM209,000, a Malaysian record for a piece from him,” he said.
The painting portrays cockfights and the aggressive nature is expressed well with harsh brushstrokes, demonstrating the tension, chaos and hostility of this act.
Gary said at auctions, buyers would look at art pieces for several reasons such as its aesthetic value and also as an investment akin to properties.
“Malaysians are now looking at art as a new asset class and they are willing to part a few dollars and reap the rewards even in a short period of time, like a year,” he said, adding that the value of works, especially from senior artists goes up in time.
Notable artwork by painters from Singapore, Indonesia and the Philippines are also in the spotlight in this auction.
“We have a dozen works by artists from Singapore as we have a fair number of Singaporean buyers waiting to get their hands on these works,” he said.
Gary said Chinese artist Cheong Soo Pieng, who migrated to Singapore and became the man behind Nanyang style in art, painted the Fishing Village in 1961 on paper. It was worth only RM300 back then.
“For this upcoming auction, we hope to sell it for RM200,000,” he said, adding that Cheong passed away in 1983.
He said for this auction, they were aiming for RM1.7mil to RM2mil in sales.
Klas’ Art Auction 2015: Malaysian Modern and Contemporary Art commences tomorrow at 1pm in Connexion@Nexus, Bangsar South. Admission is free.
For catalogue information, visit www.kl-lifestyle.com.my and for bidder registration and enquiries, call 019-260 9668 (Lydia Teoh) or 019-333 7668 (Shamila).