HONG KONG, Oct. 3, 2017 /PRNewswire/ -- Sotheby's
(NYSE: BID) Autumn 2017 Hong Kong auction series achieved a
grand total of $404 million, against a low estimate
of $309 million* and with a combined sell-through rate of
86%.
"Strong results this week in Hong
Kong capped off more than a month of client events and
exhibitions hosted by our outstanding team in Asia, including Shanghai, Beijing, Singapore, Taipei, Seoul
and Tokyo," said Sotheby's
President and CEO Tad Smith. "Bidding and buying from the
Mainland throughout the week was meaningful, with the majority of
our top ten lots selling to buyers in China. Their
participation helped to drive a 42% increase in sales compared to
one year ago and bring our annual total for major
auctions in Hong Kong to over
$810 million, the highest level since
2014."
Top prices achieved spanned centuries and categories with
sixteen auctions records established:
- A Highly Important and Extremely Rare Ru Guanyao Brush
Washer
Northern Song Dynasty
Sold for $37.7 million
World Auction Record for Chinese Ceramics
- Li Keran's Magnificent
Mountains with Gushy Cascades, 1978
Sold for $15.6 million
- Yun Gee's Wheels: Industrial
New York, 1932
Sold for $13.5 million
Record for the Artist at Auction
- Fu Baoshi, Trekking over Mountains in Moonlight
Sold
for $11.9 million
- Very Rare and Impressive Ruby and Diamond Ring, Designed and Mounted by BHAGAT
Sold for $10.5 million
- A Rare and Important Imperial White Jade and Cloisonné Enamel
Ram-Head Teapot & Cover
Qing Dynasty, Qianlong Period
Sold for $9.7 million
Record for a Jade Carving at Auction
- Wine Auctions Total $9.2
million
Wines from the Cellar of FUX Restaurant Sold for $3.8 million
- An Extremely Fine and Rare Blue and White 'Bajixiang' Bowl and
Cover
Marks and Period of Xuande
Sold for $6.6 million
- Gerhard Richter's Abstraktes
Bild (679-2), 1988
Sold for $6.3 million
- An Exceptional Blue and White 'Makara' Jar
Mark and Period of Xuande
Sold for $4.5 million
- An Outstanding and Extremely Rare Gilt-Bronze Dancing Figure of
Tara Pitti Uddiyana
Incised Mark and Period of Xuande
Sold for $3.8 million
- A Fine, Superb and Rare Blue and White 'Fruit' Meiping
Ming Dynasty, Yongle Period
Sold for $3.5 million
- A Sapphire Tonneau-Form Skeletonized Tourbillon Wristwatch
RM56-02 by Richard Mille
Sold for $1.9 million
*Estimates do not include buyer's premium. Prices achieved
include the hammer price plus buyer's premium and are net of any
fees paid to the purchaser where the purchaser provided an
irrevocable bid.
About Sotheby's
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 the collection advisory services
of its subsidiary, Art Agency, Partners. Sotheby's
presents private sale opportunities in more than 70 categories,
including S|2, the gallery arm of Sotheby's Global Fine Art
Division, and two retail businesses, Sotheby's Diamonds and
Sotheby's Wine. Sotheby's has a global network of 80 offices in 40
countries and is the oldest company listed on the New York Stock
Exchange (BID).
New York | +1 212 606
7176 | Lauren Gioia |
Lauren.Gioia@Sothebys.com |
Dan Abernethy |
Dan.Abernethy@Sothebys.com
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SOURCE Sotheby's