Everyone’s Happy in Hong Kong

The WSJ’s Jason Chow sums up the whole week of sales in Hong Kong:

Southeast Asian art continued to be popular among buyers at the Christie’s sale. “Dance” by contemporary Indonesian painter I Nyoman Masriadi sold for $423,465, more than four times the pre-sale high estimate, while modern Indonesian artist Hendra Gunawan’s “Fruit Seller” sold for $780,517, almost three times the pre-sale high estimate.

Across town, Bonhams sold more than $21.9 million of Chinese paintings, antiques and jewelry over the weekend, including a $1 million blue-and-white vase from the Qianlong period.

Two smaller auctioneers were also in on the action. Ravenel, based in Taiwan, sold $12.4 million in art and jewelry, led by the $2.4 million sale of “Nature Hivernale” by painter Chu Teh-Chun, while Poly Auction, China’s largest auction house and the third-largest in the world, sold $3.2 million of traditional Chinese paintings and calligraphy on Sunday.

Christie’s, Art Basel Weekend Generates Millions (WSJ)