The Fujita Museum auctioned off part of its collection to raise funds. The museum, established in 1954 by Japanese industrialist Fujita Denzaburo and his sons, faced financial challenges. The auction included 27 Chinese art pieces, with the total sales reaching $269 million, setting a record for the highest auction turnover in Asian art history.
The 'Yao Bian Tian Mu' tea bowl is a highly prized artifact from the Southern Song Dynasty, originating from the Jian kiln in Fujian. Known for its unique iridescent glaze that resembles coral or gemstones, it is considered a top-tier piece in tea ceremony utensils. Only three intact examples exist in Japan, with one housed in the Fujita Museum.
Fujita Denzaburo amassed his wealth during Japan's Meiji Restoration, leveraging his involvement in the anti-shogunate movement to gain privileges such as mining rights. He expanded his business ventures, including copper mining in Taiwan during Japan's colonial period, which significantly contributed to his fortune and allowed him to build an extensive art collection.
Private museums in Japan, unlike public institutions, can decide to sell or exchange their collections based on decisions made by their boards. This flexibility is due to their private nature, allowing them to manage financial challenges by liquidating assets, a practice less common in public museums where collections are typically considered permanent.
The Fujita Museum's 2017 auction featured several significant Chinese artworks, including 'Six Dragons' by Chen Rong from the Southern Song Dynasty, which sold for nearly $50 million. Other notable pieces included 'Horse Washing' by Zhao Mengfu, 'Bian Bridge Meeting' attributed to Li Gonglin, and 'Horse and Groom' attributed to Han Gan, all previously recorded in the 'Shi Qu Bao Ji' catalog of the Qing Dynasty.