The First Art Newspaper on the Net   Established in 1996 United States Tuesday, October 16, 2018


Sotheby's Autumn 2018 Hong Kong sales total US$466.1 million
Year-to-date total in Asia approaches US$1 Billion. Courtesy Sotheby's.


HONG KONG.- Sotheby's Autumn 2018 Hong Kong auction series concluded with a grand total of HK$3.64 billion / US$466.1 million, against a pre-sale low estimate of HK$3.1 billion / US$401 million, representing a 15% increase compared to the same series in October 2017 and flat to those last April. The series of 20 auctions was led by a monumental modern masterpiece by Zao Wou-Ki, which sold for a record HK$510 million / US$65 million.

“With annual sales approaching US$1 billion, Sotheby’s Asia is on track to have one of its best years ever,” commented Kevin Ching, CEO of Sotheby’s Asia. “Season after season, we are attracting new collectors and growing the market – the result of innovative sale concepts and investment in technology.”

“For the past 45 years, Sotheby’s has been at the forefront of the market in Asia and these sales are further evidence of our role in driving today’s trends,” said Patti Wong, Chairman of Sotheby’s Asia. “The thoughtful curation of exciting opportunities we brought together continued to anticipate the tastes of today’s collectors and cement Hong Kong’s position as an international destination for both Asian and Western Art.”

HIGHLIGHTS SPAN CENTURIES AND CATEGORIES

MODERN AND CONTEMPORARY ART EVENING SALE TOTALS HK$1.56 BILLION / US$200 MILLION


• The highest total for an evening sale in Hong Kong with nine artist records set

• 100% sell-through rate for Western artists with the highest total for an offering of works sold at auction in Asia

• Zao Wou-Ki’s Juin-Octobre 1985 sells for HK$510 million / US$65 million, setting three auction records: world auction record for Zao Wou-Ki, world auction record for an oil painting by an Asian artist, and the most valuable painting sold by any auction house in Hong Kong. Sotheby’s now holds five of the top 10 prices for the artist at auction.

• Chinese Contemporary Art continues to strengthen: the combined total doubled the pre-sale estimate. XUZHEN SUPERMARKET, Asia’s first pure conceptual art offered at auction, realises HK$2 million / US$255,680

SALES OF CHINESE WORKS OF ART TOTAL HK$854.3 MILLION / US$109 MILLION

• Two Qianlong porcelain masterpieces sell for over HK$100 million / US$12.8 million each: the Yamanaka Reticulated Vase achieves HK$149 million / US$19 million and the Falangcai Poppy Bowl sells for HK$169 million / US$21.6 million

THE THREE DAY SALES OF MODERN ASIAN ART, CONTEMPORARY ART AND SOUTHEAST ASIAN ART TOTAL HK$254.8 MILLION / US$32.6 MILLION

• Contemporary Art Day Sale 100% sold

• Five artist records achieved in Modern Asian Art Day Sale

• 100% sell-through rate for Vietnamese art

WINE SALES TOTAL HK$113 MILLION / US$14.5 MILLION

• Sotheby’s leads the wine auction market in Asia

• Year-to-date total reaches HK$407 million / US$52 million

IMPORTANT WATCHES TOTALS HK$160 MILLION / US$20.4 MILLION

• The most valuable wristwatch sold at auction in Asia: Patek Philippe Pink Gold Ref 2499 Perpetual Calendar Chronograph Wristwatch with Moon Phases achieves HK$23.5 million / US$3 million

CLASSICAL AND MODERN CHINESE PAINTINGS SALES ACHIEVE HK$373.2 MILLION / US$47.6 MILLION

• Zhang Daqian’s Self Portrait with a Tibetan Mastiff sells for HK$49.7 million / US$6.3 million

• Zhu Da’s Pine Tree and Rock achieves HK$13.3 million / US$1.7 million

BLUE DIAMONDS LEAD SALE OF MAGNIFICENT JEWELS & JADEITE SALE

• A 5-carat Fancy Vivid Blue Diamond and Diamond Ring, and a 3.47-carat Fancy Intense Blue Diamond Ring sell for HK$108.4 million / US$13.8 million and HK$24.1 million / US$3.1 million respectively

BLUE DIAMONDS LEAD SALE OF MAGNIFICENT JEWELS & JADEITE SALE

• A 5-carat Fancy Vivid Blue Diamond and Diamond Ring, and a 3.47-carat Fancy Intense Blue Diamond Ring sell for HK$108.4 million / US$13.8 million and HK$24.1 million / US$3.1 million respectively

SELLING EXHIBITIONS OF MODERN & CONTEMPORARY ART AND OLD MASTER PAINTINGS & DRAWINGS

• A Brush with Nature: the most extensive selling exhibition in Hong Kong dedicated entirely to Western Old Master paintings and works on paper

• Panorama: A New Perspective: second edition of a selling exhibition of Western masterworks by the titans of Impressionist, Modern and Contemporary Art

• Works by Pierre-Auguste Renoir, Yayoi Kusama, KAWS and a range of Old Masters artists sold to established and new Asian buyers





Today's News

October 4, 2018

The McNay presents hemispheric vision of Pop art with Pop América, 1965-1975

Syria's recovered antiquities go on display at Damascus opera

Sotheby's Autumn 2018 Hong Kong sales total US$466.1 million

Monaco soccer club owner sues Sotheby's for $380mn

Sotheby's to offer masterworks from one of the world's finest collections of Fauve, Expressionist & Modern art

New world whisky record set at Bonhams Edinburgh

Einstein's 'God letter' to go on sale for $1mn

Phillips announces highlights from the October Auction of Editions & Works on Paper

Two Qianlong Porcelain masterpieces sold for over HK$100 million each at Sotheby's

Victoria Miro opens a major exhibition of new work by Yayoi Kusama

Tate acquires new works at Frieze thanks to fund supported by Endeavor

Sotheby's Hong Kong Autumn 2018 Important Watches totals US$20.4 million

Smithsonian's National Air and Space Museum to begin seven-year renovation

Dana Cowen appointed first Peck Curator at Ackland Art Museum

The Serpentine opens a major Pierre Huyghe exhibition

Ben Brown Fine Arts opens its first exhibition with José Parlá

'Jewel of Roman Empire' faces Libya dangers

Exhibition at Saatchi Gallery explores art's role in social satire

Exhibition in Colchester brings together work by ceramic artists Julian Stair and Clare Twomey

Freedman Gallery opens a solo exhibition: Susan Crile "Incarceration in the Era of Impending Fascism"

Art glass and Delaware Valley Modernism bring impressive results in Rago's $5M Design Auctions

The Museum of Arts and Design opens Sterling Ruby's first solo institutional exhibition in New York City

Wong Ping wins the inaugural Camden Arts Centre Emerging Artist Prize at Frieze

District 13 - International Art Fair holds successful first edition

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