{"id":7509,"date":"2026-08-01T14:38:10","date_gmt":"2026-08-01T05:38:10","guid":{"rendered":"https:\/\/en.kogei-japonica.com\/media\/?p=7509"},"modified":"2026-08-01T14:38:10","modified_gmt":"2026-08-01T05:38:10","slug":"kogei-auction-2026","status":"publish","type":"post","link":"https:\/\/en.kogei-japonica.com\/media\/invest\/kogei-auction-2026\/","title":{"rendered":"Japanese Craft Auction Results 2026: Reading the Rosanjin Sale"},"content":{"rendered":"<p>If you&#8217;re weighing whether to buy or sell ceramics and craft, questions naturally arise: &#8220;What are Kita\u014dji Rosanjin&#8217;s works selling for?&#8221; and &#8220;How should we read the craft auction market?&#8221;<\/p>\n<p>At the special Kita\u014dji Rosanjin auction held on April 23, 2026, all 402 lots offered sold \u2014 a 100% sell-through. But to read the first half of 2026 accurately, you need to look beyond this one special sale, at both the sold and the unsold lots in ordinary modern-ceramics auctions.<\/p>\n<div class=\"box3\">\n<p><b>In the first half of 2026, reading a craft auction meant checking more than the artist&#8217;s name: the vessel type, the period of making, the provenance, the tomobako, the state of preservation, the rarity, and the format of the sale, each on its own terms.<\/b><\/p>\n<\/div>\n<p>This article examines the official results of two sales published by Shinwa Auction: the ordinary sale of March 28, 2026, and the special Kita\u014dji Rosanjin auction of April 23.<\/p>\n<p>Rather than simply lining up &#8220;what sold for how much,&#8221; it sorts out what the prices can confirm, what the public record alone cannot judge, and what to keep in mind when using auction results as a reference for buying or selling.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/en.kogei-japonica.com\/media\/invest\/kogei-auction-2026\/#The_First_Half_of_2026_in_Japanese_Craft_Auctions_%E2%80%94_Whats_the_Bottom_Line\" title=\"The First Half of 2026 in Japanese Craft Auctions \u2014 What&#8217;s the Bottom Line?\">The First Half of 2026 in Japanese Craft Auctions \u2014 What&#8217;s the Bottom Line?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/en.kogei-japonica.com\/media\/invest\/kogei-auction-2026\/#What_Happened_at_the_Special_Kitaoji_Rosanjin_Auction\" title=\"What Happened at the Special Kita\u014dji Rosanjin Auction?\">What Happened at the Special Kita\u014dji Rosanjin Auction?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/en.kogei-japonica.com\/media\/invest\/kogei-auction-2026\/#Main_Results_Comparison_Table\" title=\"Main Results (Comparison Table)\">Main Results (Comparison Table)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/en.kogei-japonica.com\/media\/invest\/kogei-auction-2026\/#Definition_Box_The_Two_Numbers_in_a_%E2%80%9CSale_Price%E2%80%9D\" title=\"Definition Box: The Two Numbers in a &#8220;Sale Price&#8221;\">Definition Box: The Two Numbers in a &#8220;Sale Price&#8221;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/en.kogei-japonica.com\/media\/invest\/kogei-auction-2026\/#The_Reason_for_a_High_Sale_Price_Is_Not_the_Artists_Name_Alone\" title=\"The Reason for a High Sale Price Is Not the Artist&#8217;s Name Alone\">The Reason for a High Sale Price Is Not the Artist&#8217;s Name Alone<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/en.kogei-japonica.com\/media\/invest\/kogei-auction-2026\/#How_Provenance_and_Box_Inscriptions_Affect_Price\" title=\"How Provenance and Box Inscriptions Affect Price\">How Provenance and Box Inscriptions Affect Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/en.kogei-japonica.com\/media\/invest\/kogei-auction-2026\/#What_an_Estimate_Ratio_Says_About_an_%E2%80%9CUpset%E2%80%9D\" title=\"What an Estimate Ratio Says About an &#8220;Upset&#8221;\">What an Estimate Ratio Says About an &#8220;Upset&#8221;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/en.kogei-japonica.com\/media\/invest\/kogei-auction-2026\/#How_Far_Do_Estimates_and_Sale_Prices_Diverge\" title=\"How Far Do Estimates and Sale Prices Diverge?\">How Far Do Estimates and Sale Prices Diverge?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/en.kogei-japonica.com\/media\/invest\/kogei-auction-2026\/#100_and_876_%E2%80%94_Can_a_Single_Collection_and_an_Ordinary_Sale_Be_Compared_on_the_Same_Terms\" title=\"100% and 87.6% \u2014 Can a Single Collection and an Ordinary Sale Be Compared on the Same Terms?\">100% and 87.6% \u2014 Can a Single Collection and an Ordinary Sale Be Compared on the Same Terms?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/en.kogei-japonica.com\/media\/invest\/kogei-auction-2026\/#What_to_Watch_in_the_July_2026_Auctions\" title=\"What to Watch in the July 2026 Auctions\">What to Watch in the July 2026 Auctions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/en.kogei-japonica.com\/media\/invest\/kogei-auction-2026\/#Craft_Auction_Q_A_Glossary\" title=\"Craft Auction Q&amp;A \/ Glossary\">Craft Auction Q&amp;A \/ Glossary<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/en.kogei-japonica.com\/media\/invest\/kogei-auction-2026\/#Checklist_What_to_Confirm_Before_Taking_Part_in_an_Auction_Free_Download\" title=\"Checklist: What to Confirm Before Taking Part in an Auction (Free Download)\">Checklist: What to Confirm Before Taking Part in an Auction (Free Download)<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_First_Half_of_2026_in_Japanese_Craft_Auctions_%E2%80%94_Whats_the_Bottom_Line\"><\/span>The First Half of 2026 in Japanese Craft Auctions \u2014 What&#8217;s the Bottom Line?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_11071\" aria-describedby=\"caption-attachment-11071\" style=\"width: 1440px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/kogei-japonica.com\/media\/wp-content\/uploads\/2026\/07\/82831-185-45bc618eeee4779596da5f59b7baa19a-1440x667-1.webp\" alt=\"Special Kita\u014dji Rosanjin Auction\" width=\"1440\" height=\"667\" class=\"size-full wp-image-11071\" \/><figcaption id=\"caption-attachment-11071\" class=\"wp-caption-text\"><a href=\"https:\/\/prtimes.jp\/main\/html\/rd\/p\/000000185.000082831.html\" rel=\"noopener nofollow\" target=\"_blank\">Shinwa Wise Holdings Co., Ltd.<\/a><\/figcaption><\/figure>\n<p><b>The special Kita\u014dji Rosanjin auction posted a strong result, with every lot sold, but you cannot read the whole first-half-2026 Japanese craft auction market as uniformly &#8220;booming.&#8221;<\/b><\/p>\n<p>At the special Kita\u014dji Rosanjin auction on April 23, 2026, all 402 lots offered \u2014 497 pieces in total \u2014 sold. The combined sale total, including buyer&#8217;s premium only, came to \u00a5683,623,250.<\/p>\n<p>By contrast, at the March 28 sale \u2014 &#8220;Modern Ceramics Part II \/ Modern Ceramics \/ Modern Art Part II \/ Modern Art \/ Contemporary Art&#8221; \u2014 the overall sell-through rate was 91.0%. The official detailed results list not only the ceramics that sold but the ones that didn&#8217;t.<\/p>\n<p>Note that because the March 28 sale also included modern and contemporary art, the published sale total of \u00a5217,068,250 cannot be treated as &#8220;ceramics-market sales alone.&#8221;<\/p>\n<p>Three things can be confirmed from these two results.<\/p>\n<ul>\n<li><b>The special Rosanjin auction was a strong result, with every lot sold<\/b><\/li>\n<li><b>Ordinary modern-ceramics sales still produced unsold lots, including works by well-known artists<\/b><\/li>\n<li><b>A special sale of a single artist or single collection cannot be compared on the same terms as an ordinary multi-genre sale<\/b><\/li>\n<\/ul>\n<p>So rather than concluding that &#8220;the craft market rose across the board in the first half of 2026,&#8221; what matters is looking case by case at which works sold, in which kind of sale, and under which conditions.<br \/>(Source: <a href=\"https:\/\/www.shinwa-auction.com\/news\/20260423\/\" rel=\"noopener nofollow\" target=\"_blank\">Special Kita\u014dji Rosanjin Auction Results Bulletin \u2014 Shinwa Auction<\/a>, <a href=\"https:\/\/www.shinwa-auction.com\/news\/20260328\/\" rel=\"noopener nofollow\" target=\"_blank\">March 28 Auction Results Bulletin \u2014 Shinwa Auction<\/a>)<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Happened_at_the_Special_Kitaoji_Rosanjin_Auction\"><\/span>What Happened at the Special Kita\u014dji Rosanjin Auction?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><iframe width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/WOsIRFC6v7M?si=MNTDQVxT92vgr2tl\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><b>From a body of more than 1,000 works assembled by a single collector over many years, 402 lots \u2014 497 pieces in total \u2014 were offered, and all of them sold.<\/b><\/p>\n<p>What was offered was not only ceramics. It ranged across Rosanjin&#8217;s work from his early years to his late period, along with related items \u2014 sake vessels, plates, bowls, flower vessels, calligraphy, lacquered plaques, folding screens, and seal materials.<\/p>\n<p>The lower ends of the estimates were set across a wide range, from \u00a520,000 to \u00a525 million, so the sale was structured to let buyers at different price levels take part, from small vessels to large, representative works.<\/p>\n<p>That said, a single-collection sale does not automatically mean that every work has a fully documented acquisition history or provenance. Nor can the public record alone establish whether the coherence of the collection was the direct cause of the 100% sell-through.<\/p>\n<p>It is better understood as a special sale in which several conditions overlapped: the coherence of the body of work, the wide price range, the advance publicity, the preview, and interest in Rosanjin as an artist.<br \/>(Source: <a href=\"https:\/\/prtimes.jp\/main\/html\/rd\/p\/000000185.000082831.html\" rel=\"noopener nofollow\" target=\"_blank\">Special Kita\u014dji Rosanjin Auction Announcement \u2014 Shinwa Wise Holdings Co., Ltd.<\/a>)<\/p>\n<p>The official announcement also notes that Rosanjin, in &#8220;Rosanjin Michi,&#8221; included a piece of writing titled &#8220;Tableware is the kimono of food,&#8221; discussing the relationship between cooking and the vessel.<\/p>\n<p>As Kogei Japonica&#8217;s editor, what I want to establish before dealing with prices is that Rosanjin&#8217;s vessels were not conceived solely as objects for viewing. Holding food, being used, and shaping the space and the time of a meal were part of their expression too.<\/p>\n<p>Market price is an important record, but it is not a number that expresses the whole of a work&#8217;s aesthetic, its use, or its art-historical and cultural value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Main_Results_Comparison_Table\"><\/span>Main Results (Comparison Table)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Comparing estimates and hammer prices for six major works shows that even among Rosanjin&#8217;s works, the results were not uniform.<\/p>\n<div class=\"scroll_table\">\n<table>\n<thead>\n<tr>\n<th>Work<\/th>\n<th>Year<\/th>\n<th>Estimate<\/th>\n<th>Hammer price<\/th>\n<th>Ratio to high estimate<\/th>\n<th>Accompanying information confirmable in official materials<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Camellia bowl (tsubaki-bachi)<\/td>\n<td>Not stated<\/td>\n<td>\u00a515M\u2013\u00a525M<\/td>\n<td>\u00a560M<\/td>\n<td>approx. 2.4\u00d7<\/td>\n<td>Incised &#8220;Rosanjin&#8221; signature inside the foot, tomobako, H22.6\u00d7D42.0cm<\/td>\n<\/tr>\n<tr>\n<td>Clouds-and-brocade bowl (unkin-bachi)<\/td>\n<td>Not stated<\/td>\n<td>\u00a58M\u2013\u00a512M<\/td>\n<td>\u00a527M<\/td>\n<td>approx. 2.3\u00d7<\/td>\n<td>Incised &#8220;Rosanjin&#8221; signature inside the foot, tomobako, H19.0\u00d7D37.5cm<\/td>\n<\/tr>\n<tr>\n<td>Wanli red-painted large jar<\/td>\n<td>1929<\/td>\n<td>\u00a510M\u2013\u00a515M<\/td>\n<td>\u00a529M<\/td>\n<td>approx. 1.9\u00d7<\/td>\n<td>Painted signature, date inscription, tomobako, H37.5\u00d7D38.2cm<\/td>\n<\/tr>\n<tr>\n<td>Sometsuke flower vessel (gosu)<\/td>\n<td>Not stated<\/td>\n<td>\u00a510M\u2013\u00a515M<\/td>\n<td>\u00a512M<\/td>\n<td>0.8\u00d7<\/td>\n<td>Painted &#8220;Rosanjin&#8221; signature inside the foot, tomobako, H35.3\u00d7D27.7cm<\/td>\n<\/tr>\n<tr>\n<td>Musashino folding screen<\/td>\n<td>1959<\/td>\n<td>\u00a51M\u2013\u00a52M<\/td>\n<td>\u00a519.5M<\/td>\n<td>approx. 9.8\u00d7<\/td>\n<td>Kuroda T\u014dt\u014dan label, paper, two-panel single screen<\/td>\n<\/tr>\n<tr>\n<td>&#8220;Seikan&#8221; lacquered plaque<\/td>\n<td>Not stated<\/td>\n<td>\u00a51.2M\u2013\u00a51.8M<\/td>\n<td>\u00a510M<\/td>\n<td>approx. 5.6\u00d7<\/td>\n<td>Kuroda T\u014dt\u014dan label<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>(Source: <a href=\"https:\/\/www.shinwa-auction.com\/news\/20260423\/\" rel=\"noopener nofollow\" target=\"_blank\">Special Kita\u014dji Rosanjin Auction Results Bulletin \u2014 Shinwa Auction<\/a>, <a href=\"https:\/\/www.shinwa-auction.com\/wp-content\/uploads\/2026\/04\/20260423t_s.pdf\" rel=\"noopener nofollow\" target=\"_blank\">Special Kita\u014dji Rosanjin Auction Detailed Results \u2014 Shinwa Auction<\/a>)<\/p>\n<p>The camellia bowl reached about 2.4 times its high estimate, and the Musashino folding screen about 9.8 times. By contrast, the sometsuke flower vessel sold within its estimate.<\/p>\n<p>What to be careful of here is not to judge a work&#8217;s value or a price rise by the size of the multiple alone. An estimate is an advance reference price and does not bind the actual result.<\/p>\n<p>What the official results confirm is the work information, the estimate, the hammer price, and the sale price including premium only. They do not tell us the direct reason the bidding climbed, or which factor bidders valued most highly.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Definition_Box_The_Two_Numbers_in_a_%E2%80%9CSale_Price%E2%80%9D\"><\/span>Definition Box: The Two Numbers in a &#8220;Sale Price&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"box3\">\n<p><b>When comparing auction results, you need to distinguish the &#8220;hammer price,&#8221; the &#8220;price listed in the results materials,&#8221; and the &#8220;buyer&#8217;s final payment.&#8221;<\/b><\/p>\n<\/div>\n<ul>\n<li><b>Hammer price<\/b>: the bid that stood at the moment the auctioneer&#8217;s hammer fell. It does not include the buyer&#8217;s premium.<\/li>\n<li><b>Sale price in the results materials<\/b>: the hammer price plus the set buyer&#8217;s premium. The tax treatment needs to be checked against each set of materials.<\/li>\n<li><b>Buyer&#8217;s final payment<\/b>: the total of hammer price, buyer&#8217;s premium, and consumption tax on the premium, among other charges. Shipping, packing, and insurance may also be required separately.<\/li>\n<\/ul>\n<p>For example, the Musashino folding screen&#8217;s hammer price was \u00a519.5 million. Shinwa&#8217;s official results bulletin, meanwhile, lists \u00a522,425,000 as the sale price including buyer&#8217;s premium only.<\/p>\n<p>The company&#8217;s current bidding guide also explains that for the buyer&#8217;s payment, an amount equal to 16.5% is added to the hammer price as buyer&#8217;s premium plus consumption tax on that premium.<\/p>\n<p>So the &#8220;sale price&#8221; listed in a results bulletin does not necessarily match the buyer&#8217;s final total payment.<\/p>\n<p><b>When researching prices, always confirm which price stage the number you are comparing represents.<\/b><br \/>(Source: <a href=\"https:\/\/www.shinwa-auction.com\/bid\/bid2\/\" rel=\"noopener nofollow\" target=\"_blank\">Bidding Guide \u2014 Shinwa Auction<\/a>)<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Reason_for_a_High_Sale_Price_Is_Not_the_Artists_Name_Alone\"><\/span>The Reason for a High Sale Price Is Not the Artist&#8217;s Name Alone<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>When looking at the sale price of a craft work, you need to check not only the artist&#8217;s name but the vessel type, the period of making, the technique, the dimensions, the provenance, the tomobako, the condition, the rarity, and the format of the sale.<\/b><\/p>\n<p>These are not &#8220;settled causes&#8221; that directly explain this sale&#8217;s prices, however. They are axes for checking, based on the public record.<\/p>\n<p>For instance, both the camellia bowl and the sometsuke flower vessel have a signature and a tomobako recorded in the official materials. Even so, there was a large gap in their hammer prices.<\/p>\n<p>This shows that the mere presence of a tomobako cannot explain a high sale price. Size, format, design, the work&#8217;s place within the artist&#8217;s output, how often it appears on the market, the estimate, and the competitive bidding on the day all have to be weighed together.<\/p>\n<p>The Musashino folding screen reaching about 9.8 times its high estimate is also worth noting. To grasp Rosanjin&#8217;s market through ceramics alone is to miss the valuation of his calligraphy, painting, and screens.<\/p>\n<p>Rosanjin was an artist who crossed not only ceramics but calligraphy, seal-carving (tenkoku), painting, and cooking. In the market, too, the rarity of works and the buyers for them may differ by field of expression.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_Provenance_and_Box_Inscriptions_Affect_Price\"><\/span>How Provenance and Box Inscriptions Affect Price<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Provenance, the tomobako, and the box inscription are important information about a work, but on their own they do not guarantee authenticity or price.<\/b><\/p>\n<p>A tomobako is, as a rule, a box the artist prepares to match the work, inscribed with the work&#8217;s name, signature, and the like. Hakogaki refers to the information written on the box \u2014 the maker&#8217;s name, the work&#8217;s name, the origin, and so on.<\/p>\n<p>The tomobako and the hakogaki can be related, but they are not the same thing. And the mere presence of a tomobako cannot establish a work as genuine.<\/p>\n<p>The pairing of box and work, the handwriting, the seal, the period in which the box was made, and whether it is a later replacement box all need several points of checking.<\/p>\n<p>Provenance is the history of a work&#8217;s ownership, exhibition, publication, and transactions. Information that a single collector owned a work must be distinguished from a provenance in which the route of acquisition can be confirmed continuously.<\/p>\n<div class=\"scroll_table\">\n<table>\n<thead>\n<tr>\n<th>Item to check<\/th>\n<th>Meaning<\/th>\n<th>Points to note<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Tomobako<\/td>\n<td>As a rule, a box prepared and signed by the artist<\/td>\n<td>The box alone does not settle authenticity<\/td>\n<\/tr>\n<tr>\n<td>Hakogaki<\/td>\n<td>The work&#8217;s name, maker&#8217;s name, origin, etc. written on the box<\/td>\n<td>Check who wrote it, and when<\/td>\n<\/tr>\n<tr>\n<td>Provenance<\/td>\n<td>History of ownership, exhibition, transactions, etc.<\/td>\n<td>The single phrase &#8220;formerly owned by&#8221; is not a complete history<\/td>\n<\/tr>\n<tr>\n<td>Authentication materials<\/td>\n<td>Materials issued by an authentication or registration body, etc.<\/td>\n<td>Check the issuing body and the scope of what is certified<\/td>\n<\/tr>\n<tr>\n<td>Signature \/ seal<\/td>\n<td>The signature or seal on the work itself<\/td>\n<td>A signature alone cannot establish authenticity<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>The state of preservation is also an important item to check. For ceramics, this means checking chips, cracks, hairlines (ny\u016b), abrasion, glaze loss, adhesion, and repairs.<\/p>\n<p>How much preservation state affected the price of this sale&#8217;s major lots, however, cannot be judged from the public results alone. If you are actually considering a purchase, you need to examine the piece in person at the preview and request a condition report.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_an_Estimate_Ratio_Says_About_an_%E2%80%9CUpset%E2%80%9D\"><\/span>What an Estimate Ratio Says About an &#8220;Upset&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>What an estimate ratio shows is how far the advance reference price and the actual auction result diverged. It cannot identify the reason a price climbed.<\/b><\/p>\n<p>An estimate is a reference price range the auction house presents based on the work&#8217;s condition, market conditions, and comparable examples. It does not guarantee the sale price and does not bind the actual result.<\/p>\n<p>When the high estimate is greatly exceeded, you can infer that several bidders competed. But whether that competition arose from rarity, provenance, design, size, or the artist&#8217;s standing cannot be told from the multiple alone.<\/p>\n<p>The Musashino folding screen and the &#8220;Seikan&#8221; lacquered plaque both, in the official materials, carry a Kuroda T\u014dt\u014dan label. Whether that label pushed the price up, however, cannot be judged from the public record.<\/p>\n<p>An estimate ratio is not a number showing &#8220;how many times the work&#8217;s value increased,&#8221; but a number showing the gap between the advance valuation and the transaction result in that sale.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Far_Do_Estimates_and_Sale_Prices_Diverge\"><\/span>How Far Do Estimates and Sale Prices Diverge?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>For the six major works, the ratio of hammer price to high estimate ranged from 0.8 times to about 9.8 times.<\/b><\/p>\n<p>That said, a ratio below 1 does not necessarily mean the work came in under its estimate. The sometsuke flower vessel&#8217;s \u00a512 million hammer price is within its \u00a510 million\u2013\u00a515 million estimate.<\/p>\n<div class=\"scroll_table\">\n<table>\n<thead>\n<tr>\n<th>Ratio to high estimate<\/th>\n<th>Works<\/th>\n<th>What can be confirmed as fact<\/th>\n<th>What the multiple alone cannot judge<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Under 1\u00d7 to under 2\u00d7<\/td>\n<td>Sometsuke flower vessel, Wanli red-painted large jar<\/td>\n<td>The flower vessel was within estimate; the jar exceeded the high estimate<\/td>\n<td>The reason the advance valuation was &#8220;accurate&#8221;<\/td>\n<\/tr>\n<tr>\n<td>2\u00d7 to 3\u00d7<\/td>\n<td>Camellia bowl, clouds-and-brocade bowl<\/td>\n<td>The hammer price came to more than twice the high estimate<\/td>\n<td>The direct reason demand concentrated<\/td>\n<\/tr>\n<tr>\n<td>5\u00d7 or more<\/td>\n<td>&#8220;Seikan&#8221; lacquered plaque, Musashino folding screen<\/td>\n<td>The advance reference price and the result diverged greatly<\/td>\n<td>The intent behind setting the estimate low<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Greatly exceeding an estimate cannot be declared &#8220;the auction house&#8217;s assessment was wrong&#8221; or &#8220;it was deliberately set low.&#8221; The intent behind this sale&#8217;s settings cannot be confirmed from the official materials.<\/p>\n<p>Applying the same artist&#8217;s past results directly to a work you own should also be avoided.<\/p>\n<p>When comparing, you need to line up at least the following conditions.<\/p>\n<ul>\n<li>The work&#8217;s vessel type or format<\/li>\n<li>The period of making<\/li>\n<li>Material and technique<\/li>\n<li>Dimensions<\/li>\n<li>Accompanying information such as tomobako, signature, and labels<\/li>\n<li>Provenance, exhibition history, publication record<\/li>\n<li>State of preservation and history of restoration<\/li>\n<li>Whether it is an ordinary sale or a special sale<\/li>\n<li>Whether the figure is a hammer price or a price including premium<\/li>\n<\/ul>\n<p>Comparing works whose conditions differ greatly, on the artist&#8217;s name alone, is not a reliable way to read the market.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"100_and_876_%E2%80%94_Can_a_Single_Collection_and_an_Ordinary_Sale_Be_Compared_on_the_Same_Terms\"><\/span>100% and 87.6% \u2014 Can a Single Collection and an Ordinary Sale Be Compared on the Same Terms?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>A single-collection sale and an ordinary multi-artist sale differ in how the lots are composed and how buyers gather, so their sell-through rates cannot be compared simply.<\/b><\/p>\n<p>SBI Art Auction&#8217;s &#8220;A Passage from the Important Japanese Collection,&#8221; held on May 30, 2026, sold all 251 lots \u2014 a 100% sell-through, with a sale total, premium included and tax excluded, of \u00a5182,326,750.<\/p>\n<p>By contrast, the &#8220;Modern and Contemporary Art&#8221; sale of May 22\u201323 had an 87.6% sell-through, with a sale total, premium included and tax excluded, of \u00a51,231,454,500.<\/p>\n<div class=\"scroll_table\">\n<table>\n<thead>\n<tr>\n<th>Sale<\/th>\n<th>Format<\/th>\n<th>Sell-through<\/th>\n<th>Sale total<\/th>\n<th>Note when comparing<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Special Kita\u014dji Rosanjin Auction<\/td>\n<td>Single artist, single collection<\/td>\n<td>100%<\/td>\n<td>\u00a5683,623,250<\/td>\n<td>Includes buyer&#8217;s premium only. Includes craft, calligraphy and painting, etc.<\/td>\n<\/tr>\n<tr>\n<td>A Passage from the Important Japanese Collection<\/td>\n<td>Single collection<\/td>\n<td>100%<\/td>\n<td>\u00a5182,326,750<\/td>\n<td>Premium included, tax excluded. Not craft-specialist<\/td>\n<\/tr>\n<tr>\n<td>Modern and Contemporary Art<\/td>\n<td>Multi-artist, modern and contemporary art<\/td>\n<td>87.6%<\/td>\n<td>\u00a51,231,454,500<\/td>\n<td>Premium included, tax excluded. Not a craft-market total<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>(Source: <a href=\"https:\/\/www.sbiartauction.co.jp\/userfiles\/calendar\/3qF5XYqJ4GYrbRxE9Kir.pdf\" rel=\"noopener nofollow\" target=\"_blank\">A Passage from the Important Japanese Collection Results \u2014 SBI Art Auction<\/a>, <a href=\"https:\/\/www.sbiartauction.co.jp\/userfiles\/calendar\/o3NFwvj7zAPKff1dDT2W.pdf\" rel=\"noopener nofollow\" target=\"_blank\">Modern and Contemporary Art Results \u2014 SBI Art Auction<\/a>)<\/p>\n<p>SBI Art Auction&#8217;s two sales are not craft-specialist auctions. So their totals and sell-through rates cannot be treated directly as an index of the Japanese craft market.<\/p>\n<p>What the comparison shows is that a single-collection sale and an ordinary sale differ in purpose, in the makeup of the lots, in price range, and in the buyers who gather.<\/p>\n<p>A sale with a low sell-through rate can also produce high sale prices and strong competitive bidding. At the 80th &#8220;Modern and Contemporary Art&#8221; sale, D\u014dmoto Hisao&#8217;s &#8220;Solution de Continuit\u00e9 No.3&#8221; was officially announced as selling for \u00a532.2 million against an estimate of \u00a52 million\u2013\u00a53 million.<\/p>\n<p>This is an example of the market&#8217;s selectivity: strong demand concentrates on some works while, for other lots, no sale is made. The overall sell-through rate of a sale cannot tell you about demand for an individual work.<\/p>\n<p>Incidentally, the expression &#8220;leftover&#8221; is not appropriate, since it gives the impression that a work&#8217;s value has been denied. In auctions this is described as &#8220;unsold&#8221; or &#8220;bought-in.&#8221;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_in_the_July_2026_Auctions\"><\/span>What to Watch in the July 2026 Auctions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>The July 2026 results will be material for testing whether the price-formation features seen in the first half recur in ordinary sales. July is not, however, included in the first-half totals.<\/b><\/p>\n<p>SBI Art Auction held its 82nd &#8220;Modern and Contemporary Art&#8221; sale on July 10\u201311, 2026, and publishes the results on its official site.<\/p>\n<blockquote class=\"instagram-media\" data-instgrm-permalink=\"https:\/\/www.instagram.com\/reel\/DazGeSnTIoU\/?utm_source=ig_embed&amp;utm_campaign=loading\" data-instgrm-version=\"14\" style=\" background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:540px; min-width:326px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);\">\n<div style=\"padding:16px;\"> <a href=\"https:\/\/www.instagram.com\/reel\/DazGeSnTIoU\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" background:#FFFFFF; line-height:0; padding:0 0; text-align:center; text-decoration:none; width:100%;\" target=\"_blank\"> <\/p>\n<div style=\" display: flex; flex-direction: row; align-items: center;\">\n<div style=\"background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;\"><\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center;\">\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;\"><\/div>\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;\"><\/div>\n<\/div>\n<\/div>\n<div style=\"padding: 19% 0;\"><\/div>\n<div style=\"display:block; height:50px; margin:0 auto 12px; width:50px;\"><svg width=\"50px\" height=\"50px\" viewBox=\"0 0 60 60\" version=\"1.1\" xmlns=\"https:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"https:\/\/www.w3.org\/1999\/xlink\"><g stroke=\"none\" stroke-width=\"1\" fill=\"none\" fill-rule=\"evenodd\"><g transform=\"translate(-511.000000, -20.000000)\" fill=\"#000000\"><g><path d=\"M556.869,30.41 C554.814,30.41 553.148,32.076 553.148,34.131 C553.148,36.186 554.814,37.852 556.869,37.852 C558.924,37.852 560.59,36.186 560.59,34.131 C560.59,32.076 558.924,30.41 556.869,30.41 M541,60.657 C535.114,60.657 530.342,55.887 530.342,50 C530.342,44.114 535.114,39.342 541,39.342 C546.887,39.342 551.658,44.114 551.658,50 C551.658,55.887 546.887,60.657 541,60.657 M541,33.886 C532.1,33.886 524.886,41.1 524.886,50 C524.886,58.899 532.1,66.113 541,66.113 C549.9,66.113 557.115,58.899 557.115,50 C557.115,41.1 549.9,33.886 541,33.886 M565.378,62.101 C565.244,65.022 564.756,66.606 564.346,67.663 C563.803,69.06 563.154,70.057 562.106,71.106 C561.058,72.155 560.06,72.803 558.662,73.347 C557.607,73.757 556.021,74.244 553.102,74.378 C549.944,74.521 548.997,74.552 541,74.552 C533.003,74.552 532.056,74.521 528.898,74.378 C525.979,74.244 524.393,73.757 523.338,73.347 C521.94,72.803 520.942,72.155 519.894,71.106 C518.846,70.057 518.197,69.06 517.654,67.663 C517.244,66.606 516.755,65.022 516.623,62.101 C516.479,58.943 516.448,57.996 516.448,50 C516.448,42.003 516.479,41.056 516.623,37.899 C516.755,34.978 517.244,33.391 517.654,32.338 C518.197,30.938 518.846,29.942 519.894,28.894 C520.942,27.846 521.94,27.196 523.338,26.654 C524.393,26.244 525.979,25.756 528.898,25.623 C532.057,25.479 533.004,25.448 541,25.448 C548.997,25.448 549.943,25.479 553.102,25.623 C556.021,25.756 557.607,26.244 558.662,26.654 C560.06,27.196 561.058,27.846 562.106,28.894 C563.154,29.942 563.803,30.938 564.346,32.338 C564.756,33.391 565.244,34.978 565.378,37.899 C565.522,41.056 565.552,42.003 565.552,50 C565.552,57.996 565.522,58.943 565.378,62.101 M570.82,37.631 C570.674,34.438 570.167,32.258 569.425,30.349 C568.659,28.377 567.633,26.702 565.965,25.035 C564.297,23.368 562.623,22.342 560.652,21.575 C558.743,20.834 556.562,20.326 553.369,20.18 C550.169,20.033 549.148,20 541,20 C532.853,20 531.831,20.033 528.631,20.18 C525.438,20.326 523.257,20.834 521.349,21.575 C519.376,22.342 517.703,23.368 516.035,25.035 C514.368,26.702 513.342,28.377 512.574,30.349 C511.834,32.258 511.326,34.438 511.181,37.631 C511.035,40.831 511,41.851 511,50 C511,58.147 511.035,59.17 511.181,62.369 C511.326,65.562 511.834,67.743 512.574,69.651 C513.342,71.625 514.368,73.296 516.035,74.965 C517.703,76.634 519.376,77.658 521.349,78.425 C523.257,79.167 525.438,79.673 528.631,79.82 C531.831,79.965 532.853,80.001 541,80.001 C549.148,80.001 550.169,79.965 553.369,79.82 C556.562,79.673 558.743,79.167 560.652,78.425 C562.623,77.658 564.297,76.634 565.965,74.965 C567.633,73.296 568.659,71.625 569.425,69.651 C570.167,67.743 570.674,65.562 570.82,62.369 C570.966,59.17 571,58.147 571,50 C571,41.851 570.966,40.831 570.82,37.631\"><\/path><\/g><\/g><\/g><\/svg><\/div>\n<div style=\"padding-top: 8px;\">\n<div style=\" color:#3897f0; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:550; line-height:18px;\">\u3053\u306e\u6295\u7a3f\u3092Instagram\u3067\u898b\u308b<\/div>\n<\/div>\n<div style=\"padding: 12.5% 0;\"><\/div>\n<div style=\"display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;\">\n<div>\n<div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);\"><\/div>\n<div style=\"background-color: #F4F4F4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;\"><\/div>\n<div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);\"><\/div>\n<\/div>\n<div style=\"margin-left: 8px;\">\n<div style=\" background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;\"><\/div>\n<div style=\" width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg)\"><\/div>\n<\/div>\n<div style=\"margin-left: auto;\">\n<div style=\" width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);\"><\/div>\n<div style=\" background-color: #F4F4F4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);\"><\/div>\n<div style=\" width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);\"><\/div>\n<\/div>\n<\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;\">\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;\"><\/div>\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<p style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;\"><a href=\"https:\/\/www.instagram.com\/reel\/DazGeSnTIoU\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;\" target=\"_blank\">SBI Art Auction(@sbiartauction)\u304c\u30b7\u30a7\u30a2\u3057\u305f\u6295\u7a3f<\/a><\/p>\n<\/div>\n<\/blockquote>\n<p><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n<p>This sale, too, centers on modern and contemporary art, so rather than using its total as an index of the craft market, it is better referenced work by work, only where there are individual lots on the border with contemporary craft or design.<br \/>(Source: <a href=\"https:\/\/www.sbiartauction.co.jp\/results\/\" rel=\"noopener nofollow\" target=\"_blank\">Results List \u2014 SBI Art Auction<\/a>)<\/p>\n<p>Shinwa Auction is scheduled to hold &#8220;Modern Ceramics \/ Antique Art \/ Modern Ceramics Part II&#8221; and &#8220;Modern Art \/ Contemporary Art \/ Modern Art Part II&#8221; on July 18, 2026.<\/p>\n<p>At the time this article was written, these sales had not yet taken place, so sell-through rates and prices could not be predicted. Once the results are published, checking the following items makes it easier to compare with the March ordinary sale.<\/p>\n<ul>\n<li>The sold and unsold ceramics lots<\/li>\n<li>The tallying conditions, excluding withdrawn lots<\/li>\n<li>Common features among works that exceeded their high estimate<\/li>\n<li>Records of tomobako, hakogaki, provenance, authentication materials, etc.<\/li>\n<li>The difference between large works and small pieces<\/li>\n<li>Results where the same artist or similar vessel types were offered in multiple lots<\/li>\n<li>The distinction between hammer price and price including premium<\/li>\n<\/ul>\n<p>The July results should not be mixed into the &#8220;first-half 2026 figures,&#8221; but treated as supplementary material for testing the tendencies seen in the first half.<br \/>(Source: <a href=\"https:\/\/www.shinwa-auction.com\/course\/schedule04\/\" rel=\"noopener nofollow\" target=\"_blank\">July 2026 Modern Ceramics \/ Antique Art \/ Modern Ceramics Part II \u2014 Shinwa Auction<\/a>)<\/p>\n<p>Kogei Japonica will continue its half-yearly and annual market analysis. But rather than speaking of the whole market through one high sale price or sell-through rate, we will keep checking both the transactions that were made and those that were not.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Craft_Auction_Q_A_Glossary\"><\/span>Craft Auction Q&amp;A \/ Glossary<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For those new to craft auctions, here is a sorting-out of the points about prices and participation that tend to cause confusion.<\/p>\n<dl>\n<dt><b>Why do Kita\u014dji Rosanjin&#8217;s works sometimes sell for high prices?<\/b><\/dt>\n<dd>Beyond his standing as an artist, the items to check include the work&#8217;s vessel type, period of making, dimensions, design, provenance, tomobako, condition, and rarity. The direct reason an individual work&#8217;s price rose, however, cannot be established from the official results alone.<\/dd>\n<dt><b>What is the difference between the hammer price and the sale price?<\/b><\/dt>\n<dd>The hammer price is the bid that stood at auction. The sale price in the results materials may include the buyer&#8217;s premium, but the tax treatment differs by material and by company.<\/dd>\n<dt><b>Can a tomobako alone establish that a work is genuine?<\/b><\/dt>\n<dd>A tomobako is important reference information, but it cannot establish authenticity on its own. The pairing of box and work, the handwriting, the seal, the period, and authentication materials are checked together.<\/dd>\n<dt><b>Do hakogaki and tomobako mean the same thing?<\/b><\/dt>\n<dd>They are not the same. A tomobako is, as a rule, a box prepared and signed by the artist; hakogaki refers to the work&#8217;s name, maker&#8217;s name, origin, etc. written on the box.<\/dd>\n<dt><b>If a work greatly exceeds its estimate, does that mean the market has risen?<\/b><\/dt>\n<dd>A single result cannot be judged as a lasting rise in the market. It shows that the advance reference price and the auction result diverged in that sale.<\/dd>\n<dt><b>Are unsold works of low value?<\/b><\/dt>\n<dd>Not necessarily. Unsold means that no sale was made in that sale, under those conditions. The specific reasons \u2014 reserve price, condition, demand, timing \u2014 may not be knowable from the public record.<\/dd>\n<dt><b>What are a 100% sell-through and a &#8220;white glove&#8221; sale?<\/b><\/dt>\n<dd>They are expressions for a result in which every lot offered sold. A 100% sell-through alone, however, cannot be judged as the whole market booming.<\/dd>\n<dt><b>Can I apply past sale prices directly to a work I own?<\/b><\/dt>\n<dd>You should not apply them directly. Even for the same artist, the result differs by vessel type, period of making, dimensions, provenance, tomobako, condition, and sale format.<\/dd>\n<dt><b>When taking part in an auction for the first time, what should I check?<\/b><\/dt>\n<dd>Check the condition at the preview, the condition report, the tomobako and provenance materials, the premium and tax included in the price, the payment deadline, and the shipping and insurance method.<\/dd>\n<\/dl>\n<div class=\"box3\">\n<p><b>A sale price is not a number that guarantees a work&#8217;s cultural value or its future price. When deciding to buy or sell, check the work&#8217;s own conditions, not only sale examples for the same artist.<\/b><\/p>\n<\/div>\n<p><b>Glossary<\/b><\/p>\n<ul>\n<li><b>Hammer price<\/b>: the bid that stood at the moment the auctioneer&#8217;s hammer fell.<\/li>\n<li><b>Sale price<\/b>: the definition differs by material and by company, so check whether it includes the buyer&#8217;s premium and tax.<\/li>\n<li><b>Estimate<\/b>: the reference price range shown before the auction. It does not bind the actual result.<\/li>\n<li><b>Sell-through rate<\/b>: as a rule, the proportion of lots sold against the lots offered.<\/li>\n<li><b>Unsold<\/b>: the state in which no sale was made, the reserve or other conditions not having been met.<\/li>\n<li><b>Tomobako<\/b>: as a rule, a box prepared and signed by the maker to match the work.<\/li>\n<li><b>Hakogaki<\/b>: the work&#8217;s name, maker&#8217;s name, origin, etc. written on the box.<\/li>\n<li><b>Provenance<\/b>: the history of a work&#8217;s ownership, exhibition, publication, and transactions.<\/li>\n<li><b>Condition report<\/b>: material setting out a work&#8217;s state \u2014 damage, restoration, deterioration, etc.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Checklist_What_to_Confirm_Before_Taking_Part_in_an_Auction_Free_Download\"><\/span>Checklist: What to Confirm Before Taking Part in an Auction (Free Download)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Is the price you are comparing a hammer price?<\/li>\n<li>Is it a price including buyer&#8217;s premium and consumption tax?<\/li>\n<li>Have you checked the work&#8217;s vessel type, period of making, material, technique, and dimensions?<\/li>\n<li>Have you checked the contents of the tomobako, hakogaki, signature, labels, etc.?<\/li>\n<li>Can the provenance and exhibition history be confirmed with specific materials?<\/li>\n<li>Have you checked the state of preservation and restoration history at the preview?<\/li>\n<li>Have you requested a condition report?<\/li>\n<li>Have you checked whether it is an ordinary sale or a special sale?<\/li>\n<li>Have you checked unsold examples, not only sold ones?<\/li>\n<li>Have you checked the payment deadline, shipping, packing, and insurance conditions?<\/li>\n<li>Are you filling in items that cannot be compared with guesswork?<\/li>\n<\/ul>\n<div class=\"linkcard\"><div class=\"lkc-internal-wrap\"><a class=\"lkc-link no_icon\" href=\"https:\/\/en.kogei-japonica.com\/media\/feature\/downloads\/\"><div class=\"lkc-card\"><div class=\"lkc-info\"><img decoding=\"async\" class=\"lkc-favicon\" src=\"https:\/\/en.kogei-japonica.com\/media\/wp-content\/uploads\/2025\/06\/cropped-logo_ver1-32x32.webp\" alt=\"\" width=\"16\" height=\"16\" \/><div class=\"lkc-domain\">en.kogei-japonica.com\/media<\/div><\/div><div class=\"lkc-content\"><figure class=\"lkc-thumbnail\"><img decoding=\"async\" class=\"lkc-thumbnail-img\" src=\"\/\/en.kogei-japonica.com\/media\/wp-content\/uploads\/2026\/05\/lacquer-artist.webp\" width=\"100px\" height=\"108px\" alt=\"\" \/><\/figure><div class=\"lkc-title\">Free Downloadable Resources on Japanese Crafts<\/div><div class=\"lkc-url\" title=\"https:\/\/en.kogei-japonica.com\/media\/feature\/downloads\/\">https:\/\/en.kogei-japonica.com\/media\/feature\/downloads\/<\/div><div class=\"lkc-excerpt\">Free Downloadable Resources on Japanese CraftsPDF DownloadsJapanese Kogei Collection ChecklistPre-Collaboration Checklist Craft Region \u00d7 Brand PartnershipsBefore You Bid:A Pre-Auction ChecklistJapanese Traditional Games \u2014 Free PrintablesVideo Asset LibrarySAMURAI CORE \u30b5\u30e0\u30e9\u30a4\u30b3\u30a2Video Assets (Vertical and Horizontal Formats)Usage Guidelines<\/div><\/div><div class=\"clear\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div><\/a><\/div><\/div>\n<p>The result that drew the most attention in the first half of 2026 was the special Kita\u014dji Rosanjin auction&#8217;s complete sell-through. But that number alone cannot be made the conclusion for the whole Japanese craft market.<\/p>\n<p>In the ordinary modern-ceramics sale, Sakaida Kakiemon XIV&#8217;s &#8220;Nigoshide plate with greenbrier design&#8221; sold well above its estimate, while works such as Kuriki Tatsusuke&#8217;s &#8220;Red-glazed tea bowl&#8221; and Kaneshige T\u014dy\u014d&#8217;s &#8220;Bizen tea bowl&#8221; can be confirmed as having gone unsold.<br \/>(Source: <a href=\"https:\/\/www.shinwa-auction.com\/wp-content\/uploads\/2026\/03\/20260328m_s.pdf\" rel=\"noopener nofollow\" target=\"_blank\">March 28 Auction Detailed Results \u2014 Shinwa Auction<\/a>)<\/p>\n<p>What emerges from this is not a market that moves in one direction on the artist&#8217;s name, but a market that selects finely for a work&#8217;s own conditions.<\/p>\n<p>A sale price is an important entry point for thinking about a work. But the price is neither a total score of a work&#8217;s value nor an assessment of the artist&#8217;s practice itself.<\/p>\n<p>At Kogei Japonica, rather than chasing the size of a number, we will keep telling the relationship between craft and the market while separating what is confirmed fact, what is analysis, and what simply cannot be known from the public record alone.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you&#8217;re weighing whether to buy or sell ceramics and craft, questions naturally arise: &#8220;What are Kita\u014dji Rosanjin&#8217;s works selling for?&#8221; and &#8220;How should we read the craft auction market?&#8221; At the special Kita\u014dji Rosanjin auction held on April 23, 2026, all 402 lots offered sold \u2014 a 100% sell-through. But to read the first<\/p>\n","protected":false},"author":2,"featured_media":7510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[103],"tags":[],"class_list":["post-7509","post","type-post","status-publish","format-standard","has-post-thumbnail","category-invest"],"acf":[],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/en.kogei-japonica.com\/media\/wp-json\/wp\/v2\/posts\/7509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.kogei-japonica.com\/media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.kogei-japonica.com\/media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.kogei-japonica.com\/media\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/en.kogei-japonica.com\/media\/wp-json\/wp\/v2\/comments?post=7509"}],"version-history":[{"count":0,"href":"https:\/\/en.kogei-japonica.com\/media\/wp-json\/wp\/v2\/posts\/7509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.kogei-japonica.com\/media\/wp-json\/wp\/v2\/media\/7510"}],"wp:attachment":[{"href":"https:\/\/en.kogei-japonica.com\/media\/wp-json\/wp\/v2\/media?parent=7509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.kogei-japonica.com\/media\/wp-json\/wp\/v2\/categories?post=7509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.kogei-japonica.com\/media\/wp-json\/wp\/v2\/tags?post=7509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}