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Final Sotheby's HK Sale Highlights

April 8, 2010 by Marion Maneker

Duncan Mavin spots the big ticket works of art in Sotheby’s Hong Kong sale:

  • Among the highlights of Sotheby’s spring sale: a white jade Qianlong period seal that earned HK$95.86 million, about double its presale estimate
  • an 18th Century Imperial Court necklace that fetched HK$67.86 million, or about eight times the estimate.

Both were auction record setters (for any type of Chinese seal and for any Chinese Imperial jewelry) and anonymous winning bids were met in the auction room with a round of applause from a largely Chinese crowd captivated by determined struggles between persistent bidders.  “It seems like we are in a one-way elevator upward in our market today,” said Nicolas Chow, Sotheby’s senior director for China and Southeast Asia. “The prices were incredible. The bidding was extremely fierce.”

Auction Records Smashed by Chinese (Wall Street Journal)

More from Art Market Monitor

  • China’s New Collectors: Deep Pockets and DeterminedChina’s New Collectors: Deep Pockets and Determined
  • Sotheby’s HK Chinese WoA = HK$401.8mSotheby’s HK Chinese WoA = HK$401.8m
  • Meiyintang Collection, Pt. 2 = HK$559.88m (US$71.92m)Meiyintang Collection, Pt. 2 = HK$559.88m (US$71.92m)
  • Sotheby's HK Chinese Works of Art = HK$858,989,500Sotheby's HK Chinese Works of Art = HK$858,989,500
  • Meiyintang Collection = HK$399,392,000Meiyintang Collection = HK$399,392,000
  • Chinese Works of Art Break the BarrierChinese Works of Art Break the Barrier

Filed Under: Auction Results Tagged With: Chinese Works of Art, Hong-Kong, Sotheby's

About Marion Maneker

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