Since Larasati’s first auction held on 30 April 2000 in Jakarta, Indonesia, the regional auction house’s reputation has grown rapidly for auctioning rare and emerging Indonesian as well as other Asian works at record prices. In 2003 Larasati marked a milestone in its pursuit to become a major player in the Asian market with its entry into Singapore and becoming the first Asian-based auction house that crossed national borders.
In 2009 Larasati became the first auction house from Southeast Asia to enter Hong Kong, the third largest auction market in the world. In view of growth opportunities and successful operations over the last 14 years, Larasati is expanding and One East Larasati is now the umbrella for its auction business in Hong Kong and Malaysia.
Featuring significant works of art and treating them as a kind of museum art, Larasati’s boutique collection platforms fine works by master artists from Southeast Asia and other important art hubs in Asia. More than just merely a matter of buying and selling art objects, Larasati is driven to enhance the appreciation and development of art in Asia.
Working in alliance with its overseas partners, Larasati currently manages its auctions in five different countries: Indonesia, Singapore, Hong Kong, Malaysia and the Netherlands.
Spotting tomorrow’s icon is something Larasati has built its reputation on. The iconic Indonesian contemporary artist, I Nyoman Masriadi, was basically born in Larasati sale in the early 2000. Larasati was also the first auction house to offer Chinese contemporary art (the likes of Yue Minjun, Zhang Xiaogang, Fang Lijun, and Ju Ming) in Southeast Asia at its sales in Singapore 2003.
In April 2007 Larasati dedicated its Singapore auction to the Philippines Modern and Contemporary art, featuring among others: Alfredo Esquillo Jr, Ronald Ventura and BenCab. Today, Masriadi and Ronald Ventura are the pride of Southeast Asia and have become members of the million dollar club, while many of the Chinese contemporary artists that Larasati introduced back in 2003 in Singapore such as Zhang Xiaogang and Yue Minjun have joined the top division of international artists, selling their works in the millions of dollars.
“Singapore remains a gold market – and a very good place for selling emerging names, allowing collectors to collect and invest with a smaller risk.”
Mr Daniel Komala – CEO of Larasati Auctioneers
Auction: Sunday, 24th Aug 2014 starting at 3pm
Viewing: Saturday, 23rd Aug 2014 10.30am – 8pm and Sunday, 24th Aug 2014 10.30am – 12.30pm
Venue: Goodwood Park Hotel, Tudor Ballroom, 22 Scotts Road, Singapore