{"id":10656,"date":"2011-10-08T19:10:11","date_gmt":"2011-10-08T19:10:11","guid":{"rendered":""},"modified":"2011-10-08T19:10:11","modified_gmt":"2011-10-08T19:10:11","slug":"Sotheby-s-Hong-Kong-Sales-Top-400-Million","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=10656","title":{"rendered":"Sotheby\u2019s Hong Kong Sales Top $400 Million"},"content":{"rendered":"

The gavel is silent, and the final tally is in: Sotheby\u2019s sold 3.21 billion Hong Kong dollars (US$412.4 million) worth of wine, art, antiques, jewelry and watches in this year\u2019s autumn sales in Hong Kong. The city became the world\u2019s third-most important auction hub last year, after New York and London, and its sales are closely watched as a gauge of how Asia\u2019s affluent classes are doing amid economic uncertainty and rattled markets. This year\u2019s total exceeds last autumn\u2019s HK$3 billion haul but falls short of the HK$3.5 billion Sotheby\u2019s raked in during its April spring sales. China in particular has emerged as a major force on the art market, as the country\u2019s rich buy ancient works that Western collectors are relinquishing, and snap up art by their own regional stars.<\/strong><\/p>\n

Zao Wou Ki\u2019s \u201910.1.68? (shown above) sold for HK$69 million. View photosThe biggest lot sold during the week was a 15th-century vase that went for HK$168.7 million. Other top lots include an ink painting by modern artist Zhang Daqian, for HK$46.6 million, and \u201c10.1.68\u201d by Zao Wou-Ki, an abstract painter, which sold for HK$69 million. But buyers are becoming more discerning and focusing in on the top lots, often leaving the lesser-known works untouched. Just under half of the items at Sotheby\u2019s Chinese ceramics sale were left unsold, and about one-fifth of the lots offered at the Chinese contemporary-art sale failed to find buyers.<\/p>\n

In Hong Kong, Sotheby\u2019s and Christie\u2019s group their big sales into twice-yearly, weeklong events, unlike other major auction centers where sales occur throughout the year. Christie\u2019s starts its Hong Kong autumn sales on Nov. 25.<\/strong><\/p>\n

SOURCE<\/a>
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The gavel is silent, and the final tally is in: Sotheby\u2019s sold 3.21 billion Hong Kong dollars (US$412.4 million) worth<\/p>\n","protected":false},"author":1213,"featured_media":72448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[],"tags":[],"class_list":["post-10656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","medium_large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","1536x1536":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","2048x2048":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-highlighted-post":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-small":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x90.jpg","colormag-featured-image":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-default-news":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","colormag-featured-image-large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-block-extra-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-small-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg"},"magazineBlocksPostAuthor":{"name":"Joshua","avatar":"https:\/\/secure.gravatar.com\/avatar\/62ee23f8f40307578d1f284ecd823d77f32da8ea35541e7dbdafeb5da1a4e877?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"1","magazineBlocksPostExcerpt":"The gavel is silent, and the final tally is in: Sotheby\u2019s sold 3.21 billion Hong Kong dollars (US$412.4 million) worth","magazineBlocksPostCategories":[],"magazineBlocksPostViewCount":142,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"medium":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"thumbnail":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg",113,150,true]},"magazine_blocks_author":{"display_name":"Joshua","author_link":"https:\/\/asiancemagazine.com\/?author=1213"},"magazine_blocks_comment":1,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/62ee23f8f40307578d1f284ecd823d77f32da8ea35541e7dbdafeb5da1a4e877?s=96&d=mm&r=g","magazine_blocks_category":"","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/10656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1213"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10656"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/10656\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/72448"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}