With more than twenty auctions over five days, Sotheby’s autumn sale series in Hong Kong defied expectations. Fierce bidding from new buyers and experienced collectors alike resulted in several artist records as well as 100%-sold sales, including The Sublime – Wou-Ki Zao, a sale of sixteen works on paper by the artist, and the collection of renowned Japanese dealer Sakamoto Gorō. Other highlights include #TTTOP, a special auction guest-curated by Korean star T.O.P, which is now the highest-value sale of western contemporary art ever held during a major auction series in Hong Kong. With a grand total of HK$22 billion (US$285 million), not to mention six sales on 5 October alone achieving HK$603 million (US$77.2 million), Sotheby’s Hong Kong performance proved the market is alive and thriving. To discover more about the sales and their best-selling lots, click ahead. LAUNCH SLIDESHOW
HONG KONG – Following remarkably successful auctions in Hong Kong this week, Sotheby’s solidified its position as the premiere international auction house in the region, bringing the mid-season sales total to HK$296.9 million. Click ahead to see the top lots that drove this week’s totals.
Our Spring sales achieved a combined total of over HK$691 million / US$88.7 million. The most important splashed-ink-and-colour masterpiece from Zhang Daqian’s later career, Peach Blossom Spring, was sold for HK$271 million / US$34.7 million after over 100 bids lasting 50 minutes, setting a world record for the artist at auction. For more information, please click here.