Christie’s has wrapped up largest auction season ever in Hong Kong with sales of HK$ 3.23bn (US$414m), an increase of 41% over Spring 2010 and 95% over Autumn 2009!
It was a record season for Jewelry, Chinese Paintings and Chinese Works of Art with 35 new world auction records achieved. The results bought Christie’s Hong Kong sales for $708m for the year, more than double the total of 2009. In addition, sales of $37 million sales were achieved at Forever Auction, the Mainland Chinese auction house with whom Christie's has a brand licensing arrangement.
Strong Chinese buying continues to drive prices, with Mainland Chinese clients contributing 42% and Greater China clients (Mainland China, Taiwan and Hong Kong) contributing to 80% of the total sale value respectively.
Chinese Art especially attracted collectors from Greater China, who accounted for 97% of the value of the Chinese paintings auction and 90% of the value of the Chinese 20th century art Day Sale.
In the Chinese ceramics and works of art category, 91% of the lots sold to Greater China buyers. Lifestyle categories also saw increasing participation from Chinese buyers, with 84% of the wine sale and 67% of the jewels sale going to collectors in Greater China.
Christie’s has wrapped up largest auction season ever in Hong Kong with sales of HK$ 3.23bn (US$414m), an increase of 41% over Spring 2010 and 95% over Autumn 2009!