The autumn series of auctions at Christie’s in Hong Kong made a combined total of US$341 million. It was a record year for jewellery sales in Asia and Christie’s reported a strong appetite for masterpieces. International participation showed global growth this autumn and 25% of buyers in most categories were new to Christies.
Rebecca Wei, President of Christie’s Asia, commented: “Christie’s autumn auctions in Hong Kong showed that the market is solid, as we witnessed strong demand not only for masterpieces, such as the Crimson Flame ruby and the Falangcai bowl, but at all price levels. Our innovative curatorial approach has been very well received across the board and particularly at our 20th Century and Contemporary Art sales, which achieved high sell-through rates and set over 20 world artist records. While seasoned collectors’ appetite for great works of art remains consistent, the number of new buyers has increased to 25% for most categories.”
The Crimson Flame sold for US$18 million.
This rare Falangcai bowl made US$11 million.
