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  • Press release
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  • Hong Kong
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  • For immediate release
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  • 31 May 2017

ANNOUNCEMENT: Christie’s Hong Kong 2017 Spring Sales Total HK$2.45bn/US$316m Global Leadership for Asian Art

Record Prices for Zao Wou-Ki & Chinese Monochrome Porcelain

 

Hong Kong – Christie’s Hong Kong Spring Sales realised HK$2.45bn/US$316m from 16 sales across 6 days.

Rebecca Wei, Christie’s President Asia said, “We have had another strong season of sales with multiple world records for top masterpieces. Over the week we saw buyers from 32 markets, with almost one-fifth of them being new to Christie’s. The Evening Sale Contemporaries: Voices from East and West, saw a true mix of both Asian and Western collectors, who accounted for 20% of total buyers. Each of our three Asian art categories sold a lot in excess of HK$100,000,000, and buying from Southeast Asian clients was particularly robust this season. Impressive results were achieved for our Luxury categories as well - a quarter of the lots sold at the Hong Kong Magnificent Jewels sale exceeded high estimate with the Iconic Hong Kong Jewellery Designers section yielding 100% sold by lot.”.  

Jonathan Stone, Chairman of Asian Art, commented, “The robust global demand for Asian Art continued through the Hong Kong Spring Sales, where we saw a persistently strong appetite for masterworks, notably Zhang Daqian’s ‘Ancient Temples Amidst Clouds’, which achieved HK$102,460,000/ US$13,212,699; the world-record breaking 29.09.64 by Zao Wou-ki, which sold for HK$152,860,000/US$19,712,015, over three times the high estimate; and The Yongzheng Emperor’s Double Dragon Amphora, realizing HKD140,540,000/ US$18,129,688, a world auction record for a Chinese Monochrome porcelain. The Hong Kong series of sales sustained the enthusiasm for Asian art seen in the first half of 2017. The momentum began with Asia Week in New York in March, which achieved a historic sales total of USD332,783,188, the highest ever for a series of Asian Art auctions,  and continued in London in May. Strong Asian buying was seen in both these sites, with collectors from the region accounting for 87% of the sales total in New York and over 50% in London.”

About Christie’s

Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pacific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).

Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvator Mundi, 2017), for a 20th century artwork (Andy Warhol’s Shot Sage Blue Marilyn, 2022) and for a work by a living artist (Jeff Koons’ Rabbit, 2019). Christie's is also recognised as a reference for prestigious single owner collections, having auctioned 8 of the 10 most important collections in history.

Christie’s Private Sales offers a seamless service for buying and selling art, jewellery and watches outside of the auction calendar, working exclusively with Christie’s specialists at a client’s individual pace.

Recent innovations at Christie’s include the groundbreaking sale of the first NFT for a digital work of art ever offered at a major auction house (Beeple’s Everydays, March 2021), with the unprecedented acceptance of cryptocurrency as a means of payment. As an industry leader in digital innovation, Christie’s also continues to pioneer new technologies that are redefining the business of art, including use of hologram technology to tour life-size 3D objects around the world, and the the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats. 

Christie’s is dedicated to advancing responsible culture throughout its business and communities worldwide, including achieving sustainability through net zero carbon emissions by 2030, and actively using its platform in the art world to amplify under-represented voices and support positive change.

Browse, bid, discover, and join us for the best of art and luxury at: www.christies.com or by downloading Christie’s apps. The COVID-related re-opening status of our global locations is available here.