While an oil painting on woven cotton entitled Two Nudes by Teng from the Thai School (lot 920) was not the highest priced item at Leski Auctions Melbourne Decorative Arts & Collectables sale on February 27 and 28, at $4302 (including buyer’s premium) it was a staggering more than 21 times its upper catalogue estimate of $200.
Obviously, no one at the auction house could have predicted such an unexpected result (otherwise no doubt the catalogue estimate...