Auction - New kid on the block

There is a new auction house on the block. Salcedo Auctions will hold its inaugural auction in Manila on July 24, highlighting the breadth and scale of Philippine artistic practice from the late 19th century to the present through paintings, drawings, and sculpture. Given the rising power of Filipino artists at auction, supported by Filipino collectors, it’s no surprise an auction should finally be held in Manila. Highlights of the sale include an exceptional and rare oil on wood by the old master Justiniano Asuncion, a drawing by Dionisio de Castro, only the fourth known authenticated work by the artist in existence an important sculpture by Isabelo Tampinco. There is a very nice painting by Ronald Ventura (photo). In total there are about 90 lots, including some jewelry and fashion