2020 was a year of extraordinary success and change in the market for Asian Art. With innovative digital marketing and sale platforms, Christie's quickly adapted to the changing landscape and saw an outstanding US$264 million aggregate global sale total which equates to 173% of the low estimate and a 77% sell-through rate.
In 2020 alone, Christie's realised over US$77 million for Chinese Paintings globally - nearly double the aggregate pre-sale low estimate. The sales were led by Wang Hui's Endless Streams and Mountains which achieved US$3,750,977 in Hong Kong. Superb results were also achieved in Chinese Works of Art, reaffirming our strength in offering exceptional works at auction. Globally, we realised over US$139 million - 177% the total low estimate.
Christie's led the market for Japanese and Korean Art, capturing 72% of the market share with an aggregate total of US$11.4 million, nearly triple the global total of our nearest competitor. Strong results were also achieved for our South Asian Modern + Contemporary Art sales, which realised US$13.5 million globally to capture 55% of the market.
In addition, Christie's dominated the market for Indian, Himalayan and South East Asian Works of Art. In 2020, we realised US$23 million globally - seven times the global total of our closest competitor establishing Christie's as the house of choice for these artworks.
Following the sensational results which demonstrate the global demand in the market, we are now inviting consignments to our spring sales. Please contact us to arrange an appointment for a complimentary and confidential evaluation.