Christie’s broke a billion dollars in their Hong Kong Evening sale opening the Spring sales cycle in free trading zone. The $132.6m sale was led by this Zao Wou-ki painting that previously sold in 2007 for $3.75m which gives you some sense of how far the Chinese market has traveled in a decade.
Other notable sales were a small Richter abstract painting for ~$2m, a Basquiat for nearly $10m and a Keith Haring tarpaulin for $1m.
