XU BEIHONG (1895-1953) Magpies on Branches Estimate: HK$ 2,500,000 -3,000,000 Sold for: HK$ 21,940,000/US$ 2,845,618. Image courtesy Christie’s Images Ltd. (Click on image to enlarge)
HONG Kong sales of Asian Contemporary Art, Chinese paintings, ceramics, jewels, watches and fine and rare wines generated more than $333 million US at Christie’s in the past week.
“The momentum initiated at Christie’s auctions earlier this month in New York and Geneva has carried here to Hong Kong, sending a message to the market as the year of the Dragon comes to an end. The past 6 days and 13 sales at Christie’s Hong Kong were characterized by diversity and strong but not speculative prices. It totalled more than HK$ 2.6billion/US 333.8million.
These figures dispel any doubt that the Chinese and Asian markets remain vibrant and strong, with active buyers and major collectors from the region participating at high levels. The quality of works offered consolidates the role of Hong Kong as a leading auction centre that attracts a global audience competing for the best works available.” said, François Curiel, President of Christie’s Asia.
A Burmese ruby (62.46 cts) and diamond necklace, by James W.Currens for Faidee. US$83,800 per ct. Estimate: HK$ 28,000,000-44,000,000. Sold for: HK$ 39,860,000/US$ 5,169,842. Image courtesy Christie’s Images Ltd. (Click to enlarge).
CHU TEH-CHUN (B. 1920) La forêt blanche II. Sold for: HK$ 60,020,000/US$ 7,784,594. Image courtesy Christie’s Images Ltd. (Click to enlarge).