Hong Kong Spring Auctions

We are now inviting consignments to our upcoming auctions

  • Event date NOVEMBER
  • Event location Hong Kong

Following the robust results which demonstrate the resilience of the global demand in the market, we are now inviting consignments to our 2022 Autumn Auctions. We invite you to get in touch with us for a free and confidential estimate of your work or collection or try our online auction estimate service.

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infoasia@christies.com
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Christie’s 2022 Hong Kong Spring Auctions were held at the Hong Kong Convention and Exhibition Centre from 21 – 30 May, achieving a combined sale total of HK$3.35B/ US$428M, with an overall average sell-through rate of 93% by lot, and 56 world auction records smashed across all categories of art and luxury.

20th/21st Century Art maintained its hold on Asian market leadership in the category, realising a HK$1.8B/ US$231M sale total for the entire sale series — the second highest ever total for the category at Christie’s Asia, with 35 world auction records set. Monumental masterpieces by Zao Wou-Ki and Pablo Picasso were sold for over HK$100M each, while works by Japanese artists were 100% sold.

Spring 2022 also proved to be a record season for the Luxury cluster since 2015 with a HK$1B total, as we solidified our leadership of the Asian auction market in the Wine and Handbags categories. The two Wine auctions fetched the highest ever sale total in the category for Christie’s globally of HK$209M/ US$27M, while Watches achieved the highest ever total in the category for Christie’s Asia, at HK$299M/ US$38M. All single-owner collections in the Luxury cluster were 100% sold, which included: The Visionary’s Spectacular Cellar, sold for HK$132M/ US$17M, making it the most valuable single-owner wine collection sold at Christie’s globally; The Champion Collection Part III: The Artistry of Complications which totalled HK$157M/ US$20M; and Louis Vuitton Trunks from a Prominent Japanese Collector which achieved HK$2.3M/ US$300K.

Read full-results press release

Enthusiastic participation from the Greater China region was witnessed in our sales of Asian Art, while the Southeast Asian market also saw significant growth of 3 times versus spring 2021. The Chinese Paintings category attracted the strongest ever participation by millennials and new buyers.

In terms of overall participation for all auctions, this season saw a 33% increase in millennial buyers, a 28% increase in new buyers, and a 52% increase in online buying, year on year. We welcomed over 20,000 visitors to our auction preview, while our auction livestreams received 8 million viewers worldwide.

Other notable highlights of the season included the ground-breaking Flesh & Soul: Bacon/Ghenie exhibition which drew over 10,000 visitors, which was complemented by nine hybrid programmes by Christie’s Education. Together, these initiatives helped drive continued cultural exchange and education for the wider community.

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Image credits:

© Adrian Ghenie
© 2022 Estate of Pablo Picasso / Artists Rights Society (ARS), New York
© 2022 Artists Rights Society (ARS), New York / ProLitteris, Zurich