Christie’s Restructures Classical Asian Sales to Focus on the Arts of India
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,694,137 (+0.07%)       Melbourne $1,032,352 (+0.13%)       Brisbane $1,180,671 (-0.55%)       Adelaide $1,049,309 (+0.70%)       Perth $1,084,212 (-0.24%)       Hobart $845,475 (+2.08%)       Darwin $854,475 (-0.20%)       Canberra $977,295 (-0.45%)       National Capitals $1,147,803 (+0.05%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $794,556 (+0.48%)       Melbourne $547,365 (+0.09%)       Brisbane $754,072 (-0.37%)       Adelaide $572,519 (-0.29%)       Perth $640,628 (-0.82%)       Hobart $573,985 (-0.37%)       Darwin $470,510 (+2.22%)       Canberra $476,938 (-0.38%)       National Capitals $624,365 (-0.05%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 14,033 (+82)       Melbourne 16,031 (+18)       Brisbane 9,761 (+19)       Adelaide 3,349 (+15)       Perth 8,242 (+9)       Hobart 702 (-12)       Darwin 168 (+1)       Canberra 1,163 (-6)       National Capitals 53,449 (+126)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,492 (+86)       Melbourne 6,692 (-44)       Brisbane 2,164 (+15)       Adelaide 575 (-4)       Perth 1,586 (+4)       Hobart 156 (-4)       Darwin 206 (-23)       Canberra 1,237 (-1)       National Capitals 22,108 (+29)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $880 (+$5)       Melbourne $620 ($0)       Brisbane $703 (-$8)       Adelaide $660 ($0)       Perth $750 ($0)       Hobart $620 (-$5)       Darwin $838 (+$8)       Canberra $730 (-$5)       National Capitals $736 (+$)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $840 ($0)       Melbourne $630 (+$60)       Brisbane $670 (-$10)       Adelaide $550 ($0)       Perth $700 ($0)       Hobart $520 (-$30)       Darwin $655 (+$5)       Canberra $590 ($0)       National Capitals $658 (+$3)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 6,137 (-310)       Melbourne 7,411 (+17)       Brisbane 3,549 (+4)       Adelaide 1,283 (-27)       Perth 2,180 (-40)       Hobart 240 (+17)       Darwin 52 (+3)       Canberra 471 (-1)       National Capitals 21,323 (-337)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 10,130 (-68)       Melbourne 6,144 (-2,264)       Brisbane 1,981 (+9)       Adelaide 436 (+26)       Perth 732 (-32)       Hobart 67 (-13)       Darwin 112 (+5)       Canberra 769 (0)       National Capitals 20,371 (-2,337)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.70% (↑)        Melbourne 3.12% (↓)       Brisbane 3.09% (↓)       Adelaide 3.27% (↓)     Perth 3.60% (↑)        Hobart 3.81% (↓)     Darwin 5.10% (↑)        Canberra 3.88% (↓)       National Capitals 3.33% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 5.50% (↓)     Melbourne 5.99% (↑)        Brisbane 4.62% (↓)     Adelaide 5.00% (↑)      Perth 5.68% (↑)        Hobart 4.71% (↓)       Darwin 7.24% (↓)     Canberra 6.43% (↑)      National Capitals 5.48% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 1.5% (↑)      Brisbane 1.2% (↑)      Adelaide 1.2% (↑)      Perth 1.0% (↑)        Hobart 0.5% (↓)       Darwin 0.7% (↓)     Canberra 1.6% (↑)      National Capitals $1.1% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 2.4% (↑)      Brisbane 1.5% (↑)      Adelaide 0.8% (↑)      Perth 0.9% (↑)      Hobart 1.2% (↑)        Darwin 1.4% (↓)     Canberra 2.7% (↑)      National Capitals $1.5% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND         Sydney 35.5 (↓)       Melbourne 34.2 (↓)       Brisbane 37.6 (↓)     Adelaide 30.4 (↑)      Perth 44.4 (↑)        Hobart 29.0 (↓)       Darwin 27.9 (↓)     Canberra 35.1 (↑)        National Capitals 34.3 (↓)            AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 34.1 (↑)      Melbourne 33.0 (↑)      Brisbane 37.2 (↑)      Adelaide 29.9 (↑)        Perth 42.1 (↓)       Hobart 30.2 (↓)     Darwin 48.2 (↑)        Canberra 39.1 (↓)     National Capitals 36.7 (↑)            
Share Button

Christie’s Restructures Classical Asian Sales to Focus on the Arts of India

By ABBY SCHULTZ
Mon, Aug 28, 2023 8:45amGrey Clock 4 min

Christie’s will feature classical Indian art created from the third century through the beginning of the 20th century in a standalone sale for the first time this September.

The online auction is a break with the traditional approach of including Indian, Himalayan, and Southeast Asian art in one sale and responds to collectors of modern and contemporary Indian art who are “interested in following art history backwards,” finding links in the art of recent time to the faraway past, says Tristan Bruck, head of sale.

The previous model better suited “an old-fashioned collector who was buying works in all three sub-niches,” Bruck says. “A collector who bought Indian paintings, for instance, was likely to also go out and buy a Tibetan thangka (or tapestry).”

The Arts of India sale, open from 10 a.m. Sept. 13 to 9 a.m. Sept. 27, is paying particular attention to works that transition Indian art from the classical to the modern era, a period that until now hadn’t received close attention, he says.

Maqbool Fida Husain, Untitled (Naga), circa 1971
Christie’s Images Ltd. 2023

In the midst of the online offering, on the morning of Sept. 20, Christie’s also will hold a live sale in New York of mostly modern but also contemporary South Asian art, which is predominately from India in addition to Pakistan, Bangladesh, and Sri Lanka.

Christie’s expectation is that collectors who attend, or dial into the modern and contemporary sale via phone or online, might be intrigued to also take a look at the online sale, where earlier Indian works provide inspiration for colours, style, and themes by 20th-and 21st-century artists. The auction house will also display the works together in its Rockefeller Center galleries in New York.

Collectors “realize that this art wasn’t created in a vacuum,” says Nishad Avari, Christie’s head of South Asian modern and contemporary art. “There’s thousands of years of tradition that modern and contemporary artists in the region drew on and continue to draw from.”

Consider Maqbook Fida Husain’s Untitled (Naga), a massive work of five female figures and a serpent (or naga) painted around 1971. The painting portrays four of the women with breaks at the neck, hips, and knees, alluding to physical forms expressed in temple sculpture of the Gupta Empire from the fourth- to early sixth century, Avari says.

The painting, expected to achieve between US$700,000 and US$1 million, likely was created to commemorate the launch of a monograph of Husain’s work that was published by Harry N. Abrams, who acquired the painting, Christie’s said in a catalog note. Abrams, a vast collector who also published art and illustrated books about Old Masters through artists such as Robert Rauschenberg, had displayed the work in his offices and later in his family’s home for more than 50 years.

A very large and important Pichvai of Vishvarupa Amidst A Lotus Pond, India, Rajasthan, 18th-19th Centuries
Courtesy of Christie’s Images Ltd. 2023

Going further back in time within the Arts of India sale is a Pichvai painting of Vishvarupa—a form of the god Krishna—painted in the 18th to 19th century. The work, originally a temple banner, is a traditional Indian form and concept, “but by the 19th century you can see artists are working with different types of perspective,” Bruck says. They are also using a more modern color palette, with vibrant pinks and blues, and the canvas is large—about six by eight feet.

“This could go in a gallery with the modern works, which are on these large canvases,” Bruck says. The painting “tells a great story alongside 20th-century work, being able to see the origin of a lot of these concepts.”

The Pichvai—a term that refers to devotional folk art paintings—is estimated to achieve at least US$120,000.

Another popular category are so-called company-school paintings that came out of India’s princely courts beginning with the imperial Mughal around 1600 through to the 19th century, when they were commissioned by British administrators, Bruck says.

Each court had its own style that may have been influenced by other courts and changed over time, he says. The works, often called miniature paintings because of the small, precise figures and scenes they depicted, were typically created in albums, or series, making them highly collectible.

Until recently, a group of collectors had focused solely on this sector somewhat in isolation, but Bruck says, Christie’s is seeing an “explosion of interest” in court painting albums, such as an illustration from the “Bharany” Ramayan series that is being offered in the upcoming sale.

A collector “can see what the other pages from that album have sold for and sort of put them together as an album in [their] mind and ideally collect more than one or try to get a few from the set,” Bruck says. The fact they exist within series also gives collectors confidence in what to pay, he adds.

Sayed Haider Raza, Rajasthan, 1983
Christie’s Images Ltd. 2023

The Bharany Ramayan work in the sale, titled The Monkey Army Intruding Upon a Demon’s Cave, from “Punjab Hills, Kangra or Guler, first generation after Nainsukh or Manaku,” from 1775-1780, is being offered for a minimum of US$80,000. A Patna court painting of a marriage procession at night, from around 1810 and painted in a more European style, is being offered for a minimum of US$10,000.

For many collectors, those price points are more accessible than, for example, the estimated US$250,000 they would pay for a work by Sayed Haider Raza, whose Rajasthan, 1983, is included in the modern and contemporary sale. The structure and primary-colour palette of Rajasthan, in fact, is intentionally drawn from court paintings, Avari says.

“The way in which their discrete sections, cells, in which he paints and the way in which he surrounds it with the red border is a direct reference to Pahari or Rajasthani (court) painting,” he says.

When collectors can see the court paintings that inspired a modern work they own, and they can acquire them for far less, “why not hang them side-by-side?” Avari says.



MOST POPULAR

Porsche has revealed a one-off 911 GT2 RS that brings the extraordinary silhouette of its 935/78 “Moby Dick” racing car onto the road. Created by Porsche Sonderwunsch with Manthey, the commission began with a near-new GT2 RS. The owner requested greater performance, a Slantnose profile and a rear wing influenced by the limited 911 GT3 …

The 1860s Darlinghurst mansion Stoneleigh could become Sydney’s most expensive home ever sold under the hammer when it goes to auction. Clint Ballard is giving buyers a $28 million guide for the heritage-listed mansion on Darley Street, opposite Iona, the former home of Hollywood royalty Baz Luhrmann. Stoneleigh is being offered for sale for the …

Related Stories
Money
Wall Street Is Counting on Nvidia to Keep the AI Party Going
By David Uberti and Krystal Hur 24/08/2026
Money
China Is Opening the First Regular Cargo Route Through the Arctic
By 18/08/2026
Money
Central Banks Are Stuck in a Rinse-and-Repeat Cycle of Crises
By James Mackintosh 17/08/2026
Wall Street Is Counting on Nvidia to Keep the AI Party Going

Nvidia’s earnings will test Wall Street’s confidence in the AI boom.

By David Uberti and Krystal Hur
Mon, Aug 24, 2026 3 min

Chip makers are fighting to assure investors that the artificial-intelligence boom is racing forward. Wall Street might not believe it until Nvidia’s NVDA -0.98%decrease; down pointing triangle Jensen Huang says so.

When Huang steps up to the mic for his company’s earnings call Wednesday, he will have the world’s attention. What he says about Nvidia’s present will preview the future of AI, dictate the path forward for a tech-crazed stock market and influence an American economy increasingly tethered to hopes that the boom won’t go bust.

The $5 trillion chip maker has provided the key building blocks for AI since the launch of ChatGPT in 2022 set off a race for dominance among OpenAI, Anthropic and established Silicon Valley giants. Now, as Nvidia backstops sprawling data-center projects and an exotic money pipeline to boost chip demand, the company’s influence is arguably bigger than ever.

But there are signs of trouble ahead. Political pushback to AI is growing. A bond selloff propelled borrowing costs to their highest levels in years. The hyperscalers that include some of Nvidia’s key customers—once cash-printing machines—are relying more on debt. OpenAI recently told investors its revenue rose by a tepid 18% in the second quarter while its losses deepened.

Nvidia is increasingly stepping in to shore up potential weak points across the market. Earlier this month, the company teamed up with six of Wall Street’s biggest firms on a $500 billion AI-financing plan, pledging to backstop lending to customers that can’t afford its chips otherwise. The chip maker last week also took a stake in Cloverleaf Infrastructure, which arranges power for data centers, and struck a $6 billion deal with startup Poolside aimed at developing a powerful open-weight AI model.

After watching shares in other chip makers and the so-called Magnificent Seven tech companies swing wildly in recent months, Wall Street is hoping Nvidia can beat expectations—again. The countdown is on.

“It’s kind of becoming more and more like the World Cup final than the Super Bowl at this point,” said Brian Mulberry, chief market strategist at Zacks Investment Management. “It’s just gotten to be that big.”

The company has smashed analysts’ earnings estimates for each of the 14 quarters since the AI boom kicked into high gear. Nvidia posted 210% annual growth in net income in its last three-month period, according to FactSet, making Wall Street’s 126% projection look pedestrian.

Expectations for a blowout second quarter have risen rapidly over the course of this year. All Nvidia will have to do to beat this target: outrun 95% annual earnings growth to more than $51.5 billion. Analysts project the chip maker will report record sales of $92 billion for the period, up from a forecast of $78 billion at the start of this year.

In July, big-tech earnings sparked volatility. Concerns about runaway capital spending spread across the sector after Alphabet’s and Tesla’s results, driving a $890 billion wipeout that contributed to the unwind of hedge fund Situational Awareness. Microsoft posted the largest one-day gain in market capitalization by any company, ever, after a quarter proving that it could still show investors the money. SpaceX rocketed higher after a record-breaking initial public offering, only to see $1 trillion in value evaporate.

Surging memory prices and borrowing costs have fueled fears that those and other companies will be unable to keep plowing more money into supplies including Nvidia chips. Shaia Hosseinzadeh, founder of OnyxPoint Global Management, has recently bought dips in AI-infrastructure stocks when Wall Street has strained to absorb massive debt issued by Silicon Valley.

“The macro data is really quite robust,” he said. “Of course, there’s a level at which everything breaks.”

Investors have kept pumping money into the AI trade despite concerns around chip consumers—and to the benefit of chip producers. That is why Nvidia’s outlook for semiconductor demand could send ripples through counterparts such as Micron Technology and Sandisk, developers of the data centers in which their chips reside, and a supply chain of power producers, contractors and other specialists that underpin the globe-spanning AI build-out.

“We joke internally that we’re all Nvidia analysts now,” said David Lefkowitz, head of U.S. equities at UBS Global Wealth Management.

The irony is that investors have tended to sell Nvidia stock immediately after blockbuster earnings, with shares falling each trading session after its four past quarterly reports. Some are betting that will be the case this time around, too.

The options market is pricing in a 5.3% swing, higher or lower, in Nvidia shares during the session following earnings, according to Option Research & Technology Services. That is higher than the 4.8% average move in Nvidia’s stock over the last 12 months after the company reports quarterly results.

In recent days, some of the most actively traded Nvidia options have been put contracts tied to the stock falling from its Friday value of $214.75 to $205 and $210 apiece, according to Cboe Global Markets data. Put options give the right to sell a stock by a set price and typically represent a bearish wager.

Many analysts remain optimistic. Frank Lee, global head of tech hardware and semiconductor research at HSBC Global Investment Research, recently raised his price target for Nvidia shares to $360 from $325, citing, among other things, Nvidia’s strategic partnerships with suppliers and its role as a top contributor to open-source AI.

MOST POPULAR

From office parties to NYE fireworks, here are the bottles that deserve pride of place in the ice bucket this season.

Two coming 2027 models – the first of the “Neue Klasse” cars coming to the U.S. early next year – have been revealed.

Related Stories
Property
Tammy Hembrow lists Broadbeach Waters riverfront home
By Jeni O'Dowd 16/07/2026
Lifestyle
Jeff Goldblum on Leather Jackets, Fist Bumps and His ‘Darn’ Oura Ring
By Marshall Heyman 18/11/2025
Travel
WHEN THE HIGHLANDS ARE CALLING
By Glynis Traill-Nash 07/04/2026
0
    Your Cart
    Your cart is emptyReturn to Shop