Sotheby's makes highest ever total for a Hong Kong auction series at $447m
The auctioneer saw strong results across the board with art, watches, wine and jewellery performing
Sotheby's Hong Kong has collated its 2011 spring sale series (which ran from April 1 - 8) results which saw nearly 3,400 lots sold, achieving HK$3.49bn/US$447m - a record for the company.
"The Hong Kong sale series just concluded has demonstrated as never before the success of Sotheby's truly international network, both in the sourcing of property and in access to bidders and buyers both within and outside the region." enthused Patti Wong, Chairman of Sotheby's Asia.
"Not only were four major single-owner collections consigned from Europe and the United States, but fresh property across a range of categories, including Chinese Works of Art, Contemporary Asian Art, 20th Century Chinese Art, Watches, Wine and Jewellery, came to sale due to the desire of owners outside of Asia, and especially those from Europe, to take advantage of the ever-vibrant art market that exists in Hong Kong today."
Kevin Ching, CEO of Sotheby's Asia, added: "Today, the company completes the most successful Hong Kong Sale Series in its history. Over the past eight days we offered more than 3,600 lots across eight collecting categories, estimated in excess of HK$2.7bn/US$340m.
"Remarkably, virtually every day saw records broken, including a record for a single-owner sale of Contemporary Chinese Art at auction (The Ullens Collection)
"There was a record for any work of Contemporary Chinese Art, as well as the highest totals at Sotheby's Hong Kong for the sale categories of Fine Chinese Paintings, 20th Century Chinese Art, Modern and Contemporary Southeast Asian Paintings, Important Watches and Wine, and the second highest total for a Magnificent Jewels and Jadeite Sale. […]
"Altogether, our sales in the Fine Chinese Ceramics and Works of Art category also represent the second highest total in the category for Sotheby's in Hong Kong. Most importantly, our sale total for the entire week of HK$3,487,593,000/US$447,127,000 is significantly up from last October's record high."
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