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  • Posts Tagged ‘SANYU’

    FIVE DAYS OF SALES BRING US$426 MILLION IN HONG KONG

    Wednesday, October 9th, 2019

    Sotheby’s has just concluded the autumn sales series in Hong Kong with 3,423 lots sold. The 20 auctions conducted over five days achieved a grand total of HK$3.35 billion / US$426 million. This was the sixth consecutive Hong Kong series to exceed US$400 million

    Tad Smith, Sotheby’s CEO, commented: “Our successful sales series in Hong Kong followed the closing of our acquisition by Patrick Drahi, which returned Sotheby’s to private ownership last week after 31 years of public trading. The confidence of our consignors this season and the demand demonstrated by buyers throughout our week of sales is a strong market signal as we look forward to our marquee November sales in New York and beyond.”

     Sanyu’s Nu sold for a record HK$198 million (US$25.2 million), setting a new benchmark for the artist.