The First Art Newspaper on the Net   Established in 1996 Friday, October 23, 2020


Sotheby's Hong Kong EYE/EAST almost doubles pre-sale estimate
An Extremely Rare 'Snowflake-Blue' Incense Burner Mark and Period of Xuande Sells for HK$4,375,000 / US$564,200. Courtesy Sotheby's.



HONG KONG.- Sotheby's Hong Kong EYE/EAST concluded last Friday with a total of HK$33,788,250 / US$4,357,333, nearly doubling the pre-sale estimate. The cross-category sale was led by An Extremely Rare 'SnowflakeBlue' Incense Burner, Mark and Period of Xuande, which achieved HK$4,375,000 / US$564,200, over five times its presale estimate. Two artist records were set for Chloe Ho’s Midnight Blooms (HK$325,000/ US$41,912) and Chen Yingjie’s Breaking - Loong Series II (HK$93,750/ US$12,090).

Nicolas Chow, Chairman, Sotheby’s Asia, International Head and Chairman, Chinese Works of Art, comments, “The success of EYE/EAST reflects a healthy appetite for quality works. Even without in-room bidding, we were encouraged to witness enthusiastic bidding around the world, with particularly strong interest from Hong Kong and mainland China clients. Sweeping in scope, EYE/EAST is tailored to the current trend of cross-collecting, responding to the diversifying taste of today’s collectors, especially the younger generation. We are pleased with the promising results, which will generate a strong momentum leading up to our Hong Kong Spring Auctions this early July.”

EYE/EAST is a cross-category sale that showcases Eastern aesthetics with works from the Neolithic period to the present day. Compelling and aesthetically engaging, the sale comprises around 240 works encompassing Modern and Contemporary Asian art, Chinese Paintings and Calligraphies, as well as Chinese Works of Art.

LED BY

• An Extremely Rare 'Snowflake-Blue' Incense Burner Mark and Period of Xuande Sells for HK$4,375,000 / US$564,200 - Five Times Its Pre-Sale Estimate -

TWO ARTIST RECORDS

• Chloe Ho’s Midnight Blooms Sells for HK$325,000 / US$41,912

• Chen Yingjie’s Breaking - Loong Series II Fetches HK$93,750 / US$12,090

ROBUST BIDDING ACROSS 16 COUNTRIES

STRONG ONLINE BIDDING
• Almost 30% of Clients Bid Online

ACTIVE PARTICIPATION BY YOUNG COLLECTORS
• 30% of Bidders Aged Below 40










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