Healthy sales for Sotheby’s Hong Kong

Last week’s Sotheby’s Hong Kong autumn sale series achieved US $372 million, near to its high estimate of US$381 million. New auction records were set for numerous artists, including Fang Lijun, Liu Xiaodong, Liu Wei, Anita Magsaysay-Ho, Miguel Covarrubias and Chang Shuhong

Kevin Ching, Chief Executive Officer of Sotheby’s Asia, said that Sotheby’s position as a market leader has been re-affirmed by the results of the five day auction series, which drew participants from a record 60 countries.

“We continue to expand our unrivalled global network that enhances our sourcing efforts,” he said. “Our extraordinarily successful offering NIGO® ONLY LIVES TWICE not only created great excitement among our existing clients, but also brought in many new bidders from around the world.

“The new category of Contemporary Ink now has its own dedicated specialist and is clearly a market with room to expand. Our auctions and activities in Beijing as well as our continued engagement with clients through gallery exhibitions, mid-season auctions and retail offerings in Hong Kong are also contributing significantly to Sotheby’s success in Asia.”

Patti Wong, Chairman of Sotheby’s Asia, added: “Sotheby’s strategy of assembling sales with works of the highest quality continues to deliver excellent results for our clients. Our consistently high level of performance draws distinguished collections from Europe, America and Asia, including Heirlooms of Chinese Art from the Hosokawa Clan, contemporary Chinese paintings from the Collection of Guy and Myriam Ullens de Schooten, and Later Chinese Bronzes from the Collection of Ulrich Hausmann.”