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Golden Week in Hong Kong = $735m in Art Auctioned

October 9, 2013 by Marion Maneker

Chinese Art Auction

The Wall Street Journal’s Jason Chow tallies up the sales in Hong Kong this past weekend:

Collectors snapped up collectibles worth close to 5.7 billion Hong Kong dollars, or US$735.1 million, over the past five days, as auction houses Sotheby’s, Poly Auction and China Guardian went head to head in Hong Kong.

Sotheby’s, the world’s No. 2 auction house trailing longtime rival Christie’s, had the largest and longest sale among the three houses. Coinciding with the firm’s 40th year in Asia, the five-day bumper event generated more than HK$4 billion.

Poly, mainland China’s biggest auction firm and the third largest in the world, generated HK$989 million over its three-day sale. Guardian, the mainland’s second-largest auction house, realized HK$510.1 million over its two-day weekend sale event.

Records Broken at Hong Kong Auctions (SceneAsia/WSJ)

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Filed Under: Auction Results Tagged With: China Guardian, Hong-Kong, Poly Auction, Sotheby's

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