Christies A Global Powerhouse in Asian Art

Christie's: A Global Powerhouse in Asian Art

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.

WANG HUI (1632–1717), Endless Streams and Mountains. Handscroll, ink and colour on paper. 53.2 x 1220.5 cm. (21 x 480 12 in.). Price realised HK$28,925,000  US$3,749,147. Sold on 8 July 2020 at Christies in Hong Kong.
WANG HUI (1632–1717), Endless Streams and Mountains. Handscroll, ink and colour on paper. 53.2 x 1220.5 cm. (21 x 480 1/2 in.). Price realised: HK$28,925,000 / US$3,749,147. Sold on 8 July 2020 at Christie's in Hong Kong.

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.

AN EXCEPTIONALLY RARE AND IMPORTANT YELLOW JADE BELT HOOK, DAIGOU. WESTERN HAN DYNASTY, 3RD–2ND CENTURY BC. Price realised £2,902,500. Sold on 3 November 2020 at Christie’s London.

AN EXCEPTIONALLY RARE AND IMPORTANT YELLOW JADE BELT HOOK, DAIGOU. WESTERN HAN DYNASTY, 3RD–2ND CENTURY BC. Price realised: £2,902,500. Sold on 3 November 2020 at Christie’s London.

A LARGE AND IMPORTANT GRAY SCHIST FIGURE OF A BODHISATTVA. ANCIENT REGION OF GANDHARA, 3RD-4TH CENTURY CE. Price realised US$3,630,000. Sold on 23 September 2020 at Christie’s New York.

A LARGE AND IMPORTANT GRAY SCHIST FIGURE OF A BODHISATTVA. ANCIENT REGION OF GANDHARA, 3RD-4TH CENTURY CE. Price realised: US$3,630,000. Sold on 23 September 2020 at Christie’s New York.

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.

AN EXTREMELY RARE AND FINE LARGE DING ‘LOTUS’ BOWL. LATE NORTHERN SONG EARLY JIN DYNASTY, 11TH–12TH CENTURY. 31.5 cm. (12 38 in.) diam. Price realised HK$27,850,000  US$3,610,636. Sold on 30 November at Christie’s Hong Kong.

AN EXTREMELY RARE AND FINE LARGE DING ‘LOTUS’ BOWL. LATE NORTHERN SONG EARLY JIN DYNASTY, 11TH–12TH CENTURY. 31.5 cm. (12 3/8 in.) diam. Price realised: HK$27,850,000 / US$3,610,636. Sold on 30 November at Christie’s Hong Kong.



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.


Upcoming Auctions



New York
New York Asian Art week
16-19 March

Hong Kong
Important Chinese Ceramics and Works of Art
Fine Chinese Classical Paintings and Calligraphy
Fine Chinese Modern and Contemporary Ink Paintings
May

Paris
Art d’Asie
9 June

Online Auctions
South Asian Modern + Contemporary Art Online
4-18 March

The Art of China: Spring Edition, online
27 April – 18 May

Art d’Asie Online
27 May to 11 June