HONG KONG, Oct. 5, 2016 /PRNewswire/ -- "I am very pleased
that Sotheby's Hong Kong sales
demonstrated East Asia's
resistance to uncertainty and softness in some Western markets and
achieved the same full year sales this year as in 2015,"
commented Tad Smith, Sotheby's
Chief Executive Officer. "East Asian confidence and
bidding will be a very good thing for upcoming sales."
Kevin Ching, Sotheby's Chief
Executive Officer in Asia,
said: "The market this week was selective, but demand for the
most desirable pieces remained robust and delivered some
outstanding prices."
Auctions of Modern & Contemporary Asian Art
Achieve $89.5 Million
Contemporary Japanese Works Continue to Perform
Well Totaling $19.3 Million,
Exceeding the High Estimate
**
Contemporary Art Evening Sale Guest-Curated by
Asian Pop Icon T.O.P Totals $17.4
Million, Exceeding High Estimate
Auction Attracted a New Generation of Bidders –
40% Were Below 40
**
Six Chinese Works of Art Sales Total $77.3 Million
A Highly Important Imperial Khotan-Green Jade
Seal Sells for $11.7 Million
To an Asian Private Collector
**
Imperial Inscribed Documentary Wutong Qin from
1745 Sells for HK$55.5/US$7.2 Million,
Setting the World Auction Record for a Qing Dynasty Musical
Instrument
Sale of 'Chinese Art through the Eye of Sakamoto
Gorō' Fetches $6.5 Million, with
Every Lot Sold
**
Four Exceptional Wine Sales Bring $11 Million
The Asia Edition of the Magnum Decanter
of Louis XIII Sells for $190,000 to a
Vietnamese Collector
Sales Bring Sotheby's Worldwide Wine Auction
Total for the Last 30 Days to $19.5
million,
Clearly Affirming Market Leadership
**
Sotheby's Hong
Kong to Host Exhibition of
Selected Highlights from Bowie/Collector From 12-15
October
FOR MORE NEWS FROM SOTHEBY'S
News & Video: http://www.sothebys.com/en/news-video.html
Twitter: www.twitter.com/sothebys
Instagram: www.instagram.com/sothebys
Facebook: www.facebook.com/sothebys
Weibo: www.weibo.com/sothebyshongkong
WeChat: WeChat (ID: sothebyshongkong)
Sotheby's has been uniting collectors with world-class works of
art since 1744. Sotheby's became the first international auction
house when it expanded from London
to New York (1955), the first to
conduct sales in Hong Kong (1973),
India (1992) and France (2001), and the first international
fine art auction house in China
(2012). Today, Sotheby's presents auctions in 10 different
salesrooms, including New York,
London, Hong Kong and Paris, and Sotheby's BidNow program allows
visitors to view all auctions live online and place bids from
anywhere in the world. Sotheby's offers collectors the resources of
Sotheby's Financial Services, the world's only full-service art
financing company, as well as private sale opportunities in more
than 70 categories, including S|2, the gallery arm of Sotheby's
Contemporary Art department, and two retail businesses, Sotheby's
Diamonds and Sotheby's Wine. Sotheby's has a global network of 90
offices in 40 countries and is the oldest company listed on the New
York Stock Exchange (BID).
*Estimates do not include buyer's premium and prices achieved
include the hammer price plus buyer's premium.
Images are available upon request
All catalogues are available online at
www.sothebys.com or through Sotheby's Catalogue iPad App.
Hong Kong
| +852 2822 8129 | Winnie Tang |
Winnie.Tang@Sothebys.com
New York | +1 212 606 7176 |
Lauren Gioia |
Lauren.Gioia@Sothebys.com | Dan
Abernethy | Dan.Abernethy@Sothebys.com
Photo -
http://photos.prnewswire.com/prnh/20161005/415665
Logo - http://photos.prnewswire.com/prnh/20160720/391384LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/sothebys-autumn-2016-hong-kong-sale-series-achieves-282-million-300340041.html
SOURCE Sotheby's