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Christie's Once Again the International Market Leader in Asia, 5th Year in a Row
Zhou Chunya (B. 1955), Stone Series, signed in Chinese; signed 'Zhou Chunya' in Pinyin; dated '1999' (lower right) oil on canvas, 149.7 x 298.6 cm. (58 7/8 x 117 9/16 in.) Painted in 1999. Estimate: HK$6,000,000 - HK$8,000,000 ($780,000 - $1,000,000). Sold for: HK$9,620,000 ($1,244,540). Photo: Christie's Images Ltd 2010.
HONG KONG.- Christie's concluded its Autumn season on December 2nd, 2010 with stellar results totalling HK$3.23 billion (US$414 million). These results, which include an off-season sale of fine wines from the SK Collection in September, stand as the largest auction series ever in Hong Kong and mark a 41% increase over its Spring total of HK$2.29 billion (US$294 million) and a 95% increase over its Autumn sale a year ago.

The annual total of HK$5.52 billion (US$708 million) at Christie's Hong Kong in 2010 is more than double its 2009 total of HK$2.72billion (US$350 million). In addition, sales of US$37 million sales were achieved at Forever Auction, the Mainland Chinese auction house with whom Christie's has a brand licensing arrangement. This brings the full year auction total for Christie's Asia to HK$5.81 billion (US$745 million). These strong auction results indicate the rising interest in collecting in the region and reaffirms Hong Kong as a main art market hub and Asia as a leading center in the global art market.

As Asian buyers continue to drive the sales, intensive bidding resulted in prices going well over their estimates across all categories, and sharp increases in sales totals from 2009. Thirtyfive auction records were also achieved across the board, from jewellery, wine and watches, to Asian and Southeast Asian contemporary and modern art, to Chinese 20th century art, modern and classical Chinese paintings and Chinese ceramics and works of art.

Strong Chinese buying continues to drive Christie's Hong Kong Autumn sales, 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 | SK Collection | Hong Kong |




Last Week News

December 3, 2010

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Report Saying Western Wall Not Holy to Jews is Cut

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December 2, 2010

Collectors from Around the World Gather at Art Basel Miami Beach as It Opens Its Doors

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Sotheby's to Offer Important Old Master and 19th Century Paintings From the Collection of J. E. Safra

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ArtPrize Founder Rick DeVos Announces Plans for the Third Edition of ArtPrize

Janis Gardner Cecil Joins Edward   Tyler Nahem Fine Art as Director of Sales

$50,000 Hudgens Prize Winner Announced at the Hudgens Center of Arts in Duluth

Metropolitan Museum Director Thomas Campbell to be Keynote Speaker for The Charleston Art & Antiques Forum in March

Imperial Russian Table from the Winter Palace Sells for £916,000 at Bonhams

Lee Harvey Oswald's Coffin to Be Auctioned in Los Angeles

Art Stage Singapore Set to Elevate Prominence of Asian Art in the Global Arena

Bonhams to Sell One of a Kind Guitar Signed by Rock Legends to Help Fight Puppy Farming

Miami Art Museum Breaks Ground on New Building in Downtown Miami's Museum Park

Gallery Protests Smithsonian's Removal of Video

MacDougall's Works on Paper Auction Set New World Records

December 1, 2010

Entombed for Over 2000 Years, Warriors of China's First Emperor, Arrive in Sydney

Christie's to Present Important Auctions of Antiquities and Ancient Jewelry in December

Tragic Jackie Kennedy Image and Rare Marilyn Monroe Photo for Sale at Bonhams

Impressionist & Modern Art Sale at Sotheby's in Paris Includes an André Masson Masterpiece

Picture Bought for Its Frame in Devon Sells for $78,000 at Bonhams Canadian Art Sale

Kunsthaus Lempertz to Hold Contemporary Art and Photography Auction

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The Rockefellers and Their Astonishing Cultural Legacy Explored in New Book

Jewels & Objects Formerly in the Collection of The Duchess of Windsor Sell for Double-Estimate

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The Phillips Collection Releases Official Free App for iPhone, iPad, and iPod Touch

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Smithsonian Acquires Several Important Archives

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November 30, 2010

Electrician Stuns Art World with Trove of Picasso Works of Art; Heirs Not Convinced

Sotheby's to Offer the Jewels of the Duchess of Windsor, One of the Greatest Jewellery Collections

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Tom Sokolowski to Step Down as Director of the Andy Warhol Museum After 14 Years

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The Return of the Red Baron at Bonhams Oxford

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November 29, 2010

World Renowned Artist Anish Kapoor Exhibits His Works of Art in India for the First Time

Staatsgalerie Stuttgart Presents First Exhibition Devoted to Hans Holbein in 45 Years

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November 28, 2010

"Uncanny Realities" Exhibition of Sculptures and Photographs at Museum Frieder Burda

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