A simple everyday looking building stands at the Street of Bangunan Timur, Kayu Putih in East Jakarta. Denindo Auction House, was written on a piece of plank, denoting the place’s name. The precursor of Denindo Auction House is an art shop established by Danny F.J. Pangker in year 2002. As he first opened the business, he sold various types of artistic items such as any other art shops do.
“The booming of paint art market in last 2007, inspired us to slightly alter our course and participate in the fine-art market,” said the man who was born in Jakarta, July 26 of 1967.
After several times auctioning, Danny again decided to change his course. By the year 2008 he shifted to concentrating on antiques as well as antiquated furniture of the Chinese, Japanese, and caste settlers. “Finally in the year 2008 we had the thought to retail those articles through auctions. And then we decided to hold the auction ourself.”
Though seemingly small from the outside, the interior od Denindo’s gallery can be considered spacious. Rooms after rooms are arranged so as to display antique curios that would be retailed in the auction held last 7 February 2010.
“This show room also functions as a viewing room,” explained Danny. A rather large room measuring at least eight by ten meters becomes the site for the auctions that Denindo hold periodically.
Since their first auction back in 2008, Denindo had held at leas 11 more auctions afterwards. According to Danny the results were always quite satisfying, because the retailed articles reach up to 50 – 70%.
”Furniture retail weas up to 70%, whilst antique curios such as ceramics are usually retailed up to 60%,” he recalled. According to Danny furniture is more in demand because they are usually usable by the purchaser. The most expensive article successfully retailed by this auction house is a wooden divan. The caste settler styled furniture managed to be retailed by the price of Rp. 100 million.
According to Danny, antique curios and furniture have their own markets. Although some purchase them for investments, many buy them for their own use or the sentimental value of the item. That is why the antiques market did not overly plunged during the world economy crisis that went on in 2008.
No comments:
Post a Comment