Indonesian Wave

Indonesia returned this year at the Venice Biennale, after the last and only participation in 2005, aside small individual appearances of Indonesian artists such as Affandi in 1954 and Heri Dono in 2003.

Palazzo Malipiero houses installations of Albert Yonathan Setyawan, Eko Nugroho, Entang Wiharso, Sri Astari Rasjid e Titarubi. Of this group, Titarubi (1968), which in 2012 was present at the collective Macro Beyond the East, and the young Setyawan (1983), have never appeared at auction. Eko Nugroho (1977 appears in the catalogs of Christie’s and Sotheby’s Hong Kong since 2008, with excellent results above estimates and average prices of $ 25-30,000 for its embroidery. Recently he participated at the Lyon Biennale and an exhibition at the Musée d’Art Moderne in Parigi. Entang Wiharso (1967), which in Italy is working with Primo Marella, has seen an outbreak since 2011 in the Hong Kong market, leaving the local auction houses and reaching average prices of $ 20-30,000. In the end, Astari Rasjid (1959), whose fetish-bags in bronze are present on the local auctions at Sotheby’s since 2006, but prices still remain very low.

As with other parts of Asia, Indonesian contemporary art began to become known on the international market since 2007, accepted with a growing interest of the collectors, also confirmed in the last auction of Sotheby’s in April. Heri Dono (1960), who through his works tells about the change of Indonesian society, is one of the contemporary artists to have reached more resonance abroad, reaching its higher prices in 2008 and 2013, yet accessible on the threshold of $ 40,000. In the modern segment, important results for S. Sudjojono, Hendra Gunawan and Affandi, mainly sold on the market in Hong Kong and with quotations near the half a million dollars.

In Indonesia there are succesfull auction houses, as Larasati and Borobudur that, in addition to the local artists, are offering great names of the entire Asian region, with a total sales of  millions of dollars, as well as Sotheby’s and Christie’s, which they do not miss an office in Jakarta, but unfortunately it still lags in terms of galleries, exhibitions and institutions to support young emerging artists.

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