Tapaya World Record
01.06.2019—
Cane of Kabunian - in Paradise.
We are proud to announce the world record-breaking sale of Rodel Tapaya's monumental and award-winning 2010 work 'Baston ni Kabunian, Bilang pero di Mabilang (Cane of Kabunian, numbered but cannot be counted)' at Salcedo Auction's inugural 'Paradise Found' auction.
The work doubled it's low estimate selling for almost 20 million Phillipine Pesos (c. 388'000 USD), ecplipsing his previous record of 151'000 USD and setting a new national record for the most expensive contemporary artwork.
The painting was acquired by the Tiroche DeLeon Collection in 2011 for $30'000. The result represents a phenomenal 13 X and an annual return for fund investors of 33.66% (Gross IRR). The net profit exceeded $300'000, more than 1000%.
The new owner is now custodian of what is without doubt one of the greatest artworks of Contemporary Filipino Art, which should rightfully remain in the Phillipines, and hopefully one day made available for the public to admire.
news archive
Artist Spotlight: Farhad Moshiri
June 30, 2013—Middle Eastern artist to have sold a work for 1 million USD , Farhad Moshiri, joins the Tiroche Deleon Family
Read More »Cui Jie Residency
Nov. 12, 2015—Cui Jie residency culminates in solo exhibition at START Gallery, Jaffa, Israel, November 2015.
Read More »Artist spotlight: Ronald Ventura
Oct. 8, 2014—We are delighted to highlight the immensely talented Filipino artist Ronald Ventura, one of whose paintings has recently been acquired by the collection.
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