Art Market Monitor

Yesterday’s Hong Kong wine auction that led Christie’s cycle of HK sales pulled in HK$39.8m (US$5m) against a presale estimate of HK$35m.

Also of Interest:

• Is Wine an HK Market Tell?
  The first event in Sotheby’s Hong Kong sale cycle this week was the increasingly important sale of wines. Wine may...
  
• More on the HK Wine “Tell”
  The Financial Times really likes the Sotheby’s wine story even though they admit that NY and London have another shot...
  
• 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 HK Sale Estimated at $77m
  Reuters has the estimate on Sotheby’s Spring sales in Hong Kong. Last Spring they sold almost three times that amount:...
  
• Wine Auction Market Returns to Pre-2006 Levels
  Like the commodity markets and the gem and jewelry markets, it is worth paying some attention to the wine auction...