Sunday, November 29th, 2009 | 2 Comments
Christie’s HK Art Auctions US$78.8m
Christie’s had sales of HK$611m worth of art in three sales today. Asian Contemporary did HK$262m; Chinese Classical did HK$141m; and Chinese Modern did HK$208m. We’ll have more details on specific lots later in the evening.
Also of Interest:
- King Kong
Christie’s Week of Sales in Hong Kong nets $310 million; 50 Lots sell for more than $1 million. Christie’s holds... - Enthusiasm in Hong Kong
Bloomberg gets exhuberant over Christie’s solid painting results in Hong Kong. With five painting sales completed for a total of ... - Sotheby’s Hong Kong Asia Week Final Tally
Reuters declares Sotheby’s Hong Kong sales a qualified success: Sotheby’s hammered off a total of HK$691 million ($88.6 million) worth... - Sotheby’s Fine Chinese Ceramics & WoA
Sotheby’s morning sales brought in $6.14m and the afternoon auction of Arthur M. Sackler lots tallied $4.6m as the market... - Embracing Asian Contemporary Art
Newsweek looks at the results from Sotheby’s Hong Kong sales cycle–led by wines, classical Chinese art and works of art,...
Without the frenzy of earlier time, persistent, sustained bidding across the board and extremely consistent prices achieved for Modern Chinese art (record prices for the Zao Wou Ji, San Yu and Chu Teh Chun / Zhao Wu Ji Chang Yu, Zhu De Qun)) and for the few major pieces of Contemporary Chinese (a remarkable Zeng Feng Zhi, bought very wisely by a great connaisseur). Overall a great success for a sale which had not so much to go for…A sign of renewed confidence in the market for solid established names.
Extremely sustained prices for the Zao Wou Ji-s, big prices for the Chu Teh Chun-s, in the twentieth century Chinese art; not much in the Asian contemporary sale. Back to fundamentals ?