HK$3.11 billion Raised in Christie’s Annual Hong Kong Spring Auctions | BLOUIN ARTINFO
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HK$3.11 billion Raised in Christie’s Annual Hong Kong Spring Auctions

HK$3.11 billion Raised in Christie’s Annual Hong Kong Spring Auctions
Zao Wou-Ki (Zhao Wuji, France/China, 1920-2013), 14.12.59, painted in 1959, 130 x 162 cm (51¼ x 63⅞ in) was sold for HK$176,725,000 onMay 26 2018 at Christie’s in Hong Kong
(Courtesy: Christie’s)

The spring auction season has been a roaring success for Christie’s Hong Kong. 18 sales across six days saw a high demand for masterpieces across the realms of art, ceramics, wine, jewellery and handbags, raising HK$3.11 billion / $399 million in a week.

The auction house quotes Rebecca Wei, President of Christie’s Asia as saying, “the strong results bear testament to the depth of our global client base... The market responded enthusiastically to our innovative curation, which saw the highest-ever evening sale total in our history as we surpassed HK$1 billion in sales and introduced our most ambitious offering of Western art to date.”

The Asian 20th Century & Contemporary Art Evening Sale and Contemporaries: Voices from East and West achieved a record-breaking combined total of HK$1,040,390,000 / $133,229,798.

The Asian 20th Century Art Sale on May 27 saw a total of HK$127,618,750 / $16,342,545 raised, which was led by another of Zao Wou-Ki’s works, “04.03.63” fetching HK$7,900,000 / $1,001,655. The Asian Contemporary Art Day Sale, also on May 27, saw sales amounting to HK$69,483,750 / $8,897,919, with the favorite lot being Yayoi Kusama’s sculpture “Pumpkins,” which fetched HK$7,060,000 / US$904,086.

A series of auctions of Chinese Paintings achieved a total of HK$524,446,250 / $67,159,303 across three categories: Chinese Contemporary Ink, Fine Chinese Classical Paintings and Calligraphy and Fine Chinese Modern Paintings, as well as the curated online sale “Exquisite Eye: Chinese Paintings.”

The spring auction for Fine & Rare Wines saw collections from the cellars of the historic Domaine Comte Georges de Vogue and Masseto estates sold 100 percent by lot and value across two days of sales, which totalled HK$21,078,575 / $2,699,271 and HK$24,244,588 / $3,104,703 respectively. The top lot of the auctions, three bottles of Henri Jayer, Vosne-Romanee Cros Parantoux from 1985, realised HK$588,000 / $75,298.

The Magnificent Jewels auction fetched HK$562,968,750 / $72,092,401, the top price achieved by a fancy 8.01 carat vivid blue diamond pendant necklace by Moussaieff, which fetched HK$159,850,000 / $20,470,000 — equivalent to more than $2,500,000 per carat.

One of the most amazing moments of the week came on the last day of auctions, which saw the sale of a particularly rare and fine doucai and famille rose Anbaxian vase, or tianqiuping, commissioned by the Qianlong Emperor.                              

Founder: Louise Blouin