HONG KONG – Sotheby’s Hong Kong Spring Sales series was an unequivocal success, studded by auction records and outstanding results across all categories. Over five days of sales, collectors from 32 countries brought the week’s total to approximately HK$3.42 billion, far exceeding the HK$2.18 billion achieved in the 2013 Hong Kong Spring Sales series.
Among the many highlights of the week was the sale of the Meiyintang Chenghua 'Chicken Cup' which sold for HK$281.2 million (US$36 million), surging to the new record for fine Chinese porcelain at auction. Created in the Chenghua reign (1456-87), which was the pinnacle of Chinese porcelain artistry, the rare example of fine Chinese porcelain sold to Shanghai collector Mr. Liu Yiqian.
International Head of Chinese Ceramics & Works of Art Nicolas Chow holding the 'Chicken Cup' at a post-sale press conference in Hong Kong.
Also exceptionally rare and highly sought-after was the Highly Important Jadeite Bead, Ruby and Diamond Necklace, Cartier, circa 1933, which set a world auction record for any jadeite jewellery and for Cartier, selling for HK$214 million ($27.44 million). The staggering price for the necklace was no doubt impacted by its glittering provenance, having formerly been in the collections of Barbara Hutton, Louise Van Allen and the Princess Nina Mdivani.
Zhang Xiaogang's Bloodline: Big Family No. 3.
Leading the Modern and Contemporary Asian Art Evening Sale was an iconic Zhang Xiaogang masterpiece Bloodline: Big Family No. 3, which sold for HK$94.2 million (US$12.1 million), a new auction record for the artist. The work is arguably the most mature painting from the artist’s highly regarded Bloodline: Big Family series. The market also proved strong for Chinese artist Sanyu whose Potted Chrysanthemums sold for HK$80.8 million.
The second highest price for Song ceramics at auction was achieved with the sale of The Clark Ding Basin from the collection of legendary antique dealer Sakamoto Gorō sold for HK$146.8 million (US$18.8 million).