This report on the Summer auctions 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.)
In July 2020, Hong Kong Modern and Contemporary art evening and day sales at Christie’s, Sotheby’s and Phillips brought in HK $2.64 billion ($341 million). French-Chinese artists led this season: Zao Wou-Ki generated HK$617 million, Sanyu HK$505 million and Chu Teh-Chun HK$143 million – the three artists accounted for 48% of the total modern and contemporary sales.
July 2020 Hong Kong Modern and Contemporary Evening Sales Figures
The evenings sales achieved a combined total of HKD 2.2 billion ($289 million), seeing a powerful 95% sell-through rate yielding 143 sold lots from 151 offered. Like the New York modern and contemporary art sales, the top ten percent of the evening sales account for slightly more than half of the total sales volume. Works by Zao Wou-Ki, Sanyu, Liu Ye and David Hockney were among the highest sellers. Five Sanyu works were sold in the evening sales, making a total of HKD 490 million together and accounting for 21% of the evening sale total.Continue Reading