Back
  • Press release
  • |
  • Hong Kong
  • |
  • For immediate release
  • |
  • 5 December 2020

A Phenomenal Display of Market Strength

Christie’s Hong Kong 2020 AUTUMN Auctions

‘SEASON OF MASTERPIECES AND COLLECTIONS’

Achieved HK$3 BILLION / US$390 MILLION

EXCEPTIONAL COMBINED SELL-THROUGH RATE OF 88%

50% OF ALL SALES EXCEEDED HIGH ESTIMATES

FORMIDABLE RESULTS ACROSS ALL CATEGORIES

34 World Auction Records Across Art And Luxury

Strong Prices And Sell-Through Rates For Standout Pieces Across Luxury Categories

All Major Single-Owner Collections 100% Sold

Modern And Contemporary Art Achieved The Highest Total For Any Auction House In Asia This Year

New Price Benchmarks Set For Modern And Contemporary Masters

Christie’s Hong Kong Cements Status As A Global Platform For 20th And 21st Century Art

 

DIGITALLY ENGAGED GLOBAL PARTICIPATION

Global Buying From 34 Countries

Over 20% of Buyers New to Christie’s

35% YOY Increase In Online Registrants

A New Generation Of Collectors – 20% Were Millennials Buyers

Over 500,000 Global Viewers Tuned In Live To Follow Our Evening Sale

Francis Belin, President, Christie’s Asia Pacific commented, “Despite some of the ongoing challenges from the pandemic, we united with global collectors through all conceivable channels, fully leveraging our enhanced digital capabilities to establish a landmark moment in the art world. The passion and depth of bidding throughout the season was a sight to behold, as our clients responded fervently to our expertly curated sales, which continue to expand and define the future of art collecting in Asia. With the wave of auction records broken across art and luxury and the new milestones achieved for 20th and 21st Century art, we are thrilled to further cement Christie’s Hong Kong’s status as the leading international platform for global collecting.”

HIGHLIGHTS by CATEGORY

Post-sale press releases for each category can be downloaded here

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.