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Hong Kong – The spring season’s three sales of Asian 20th Century & Contemporary Art achieved HK$755,317,750/ US$97,889,180, and were sold in excess of 81% by lot and 89% by value.
Eric Chang, Deputy Chairman of Asia, Department Head of Asian 20th Century & Contemporary Art said, "As the world becomes more integrated, we are seeing an emergence of appreciation from collectors for artists of different regions and nationalities. This is especially evident within our Asian Contemporary Art sale. In particular, we saw the strength of the South-east Asian art market carry through from Christie's evening sale into both day sales, with noteworthy participation from Singaporean buyers. Within our 20th Century Art sale, robust bidding from buyers across Asia was at play. Abstract works of art have seen expanded interest, such as those by Korea's Kim Tschang-Yeul, Lee Ufan, Rhee Seundja and Singapore's Cheong Soo Pieng. Our sales "The Era of Asia, The Art of Asia" signify a new wave of energy that has been sweeping across the art market.