HONG KONG – After an extraordinarily successful week of auctions in Hong Kong, the art market slowdown predicted by some observers appears to have been greatly exaggerated. “Our salesrooms were full of Chinese buyers, paddles shot into the air, and records tumbled,” says Kevin Ching, Chief Executive Officer, Sotheby’s Asia. The seventeen sales realised a tremendous total of HK$3.1 billion ($405.5 million), thanks to blue-chip art across all categories – and extremely zealous bidders. From a monumental ink composition by Zhang Daqian to a flawless blue diamond, click ahead to see the season’s most valuable lots.
Continuing the momentum we saw for Contemporary Korean and Japanese artists during our ground-breaking selling exhibition in March, the spring sale offered a fine selection of works by leading figures from the abstract movements – Park Seobo, Chung Sanghwa and Tanaka Atsuko. All achieved extraordinary results and were sold at multiple times of their previous auction records, demonstrating Sotheby’s vision in showcasing this category at auction.
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