Over an exciting week of sales spanning the fine and decorative arts as well as rare wines, watches and jewellery, Christie’s Hong Kong spring auctions achieved exceptional results with more than 60 world auction records set across the various categories. Stellar results were seen in the Family Collection of K’ung Hsiang-Hsi, which was sold 96% by lot and achieved over five times its pre-sale estimate with a total of HK$185.4 million, while the Feng Wen Tang Collection was sold 90% by lot, resulting in three times the predicted total at HK$331.4 million, demonstrating the continued strength of single owner collections at auction.
The season also saw the highest result for a jewellery auction in Asia with a total of HK$909.7 million for Magnificent Jewels, led by a Burmese ruby and diamond necklace of 120 carats, by Etcetera, which sold for more than HK$100 million. The Asian 20th Century and Contemporary Art sales established 51 artist world records, achieved a 100% sell-through rate for the Korean modern art works presented, and realised HK$81.9 million for Chinese modern master Sanyu’s Chrysanthemums in a Glass Vase.
With these strong results Christie’s continues to lead the auction market in Asia.