The analysis of the December Hong Kong Modern and Contemporary Art Evening Sales at Christie's is available to AMMpro subscribers. (The first month of AMMpro is free and subscribers are welcome to sign up for the first month and cancel before they are billed.)
On Tuesday, Christie’s staged its end of season modern and contemporary art evening sale in Hong Kong. Together with a single-lot sale devoted to a Sanyu painting depicting goldfish that brought in $22 million, the two sales generated a collective HKD 1.02 billion ($132 million) across 53 lots. The evening sale saw a successful sell-through rate of 96.5 percent, surpassing the pre-sale estimate of HKD 584.9 million ($75.5 million) by 20 percent.
The sales in Hong Kong saw both a greater depth of bidding and a higher total over the relay Hong Kong to New York sales that followed, which brought in 119.3 million, headlined by a $9 million Toulouse-Lautrec from the estate of Henry Ford II.
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