SOTHEBY'S SERIES GRAND TOTAL (3-7 October)
HK$2.669 billion
(US$342.2 million)
Total comparable to Spring 2015 season
Exceeding
'We are very encouraged by this week's results, which are comparable to our auctions six months ago, and demonstrate the stability of the market despite economic uncertainty. We took care to offer property that is appealing to an increasingly sophisticated collecting base, both in quality and estimate. Collectors are selective, but willing to compete for rarities of the highest quality, as evidenced by the outstanding prices achieved for the Ming furniture from the Dr S Y Yip Collection, Kusama Yayoi's early abstract work and the imperial portrait by Giuseppe Castiglione, among others.'
Kevin Ching, CEO, Sotheby's Asia
pre-sale estimate
(HK$2.3 billion / US$295 million)
2,974 lots sold
Significant growth in online transactions driven by Sotheby's digital innovations
Chinese Works of Art
World Auction Record for a Chinese Imperial Portrait - A painting of the Qianlong Emperor's favourite consort, Chunhui, by Giuseppe Castiglione (pictured, above) sold for
HK$137.4 million / US$17.6 million
Contemporary Asian Art
Second Highest Price for a Work by Kusama Yayoi - An important large early abstract work, No. Red B, (pictured, above) sold for
HK$54.5 million / US$7 million
Magnificent Jewels & Jadeite
World Auction Record for a Natural Grey Pearl Necklace - The Cowdray Pearls (pictured, above), one of the finest and rarest grey pearl necklaces known, sold for HK$41.08 million /
US$5.27 million / CHF 5.12 million
▲50%
increase in WeChat
page views
▲14%
increase in BIDnow
paddle registrants
▲49%
increase in sale
page web traffic
Single-Owner Collection of Ming Furniture from Dr S Y Yip totals HK$260.2 million / US$33.4 million. 100% sold with over 90% of lots surpassing high estimates
Full Circle - Yoshihara Jiro Collection 100% sold - Twenty-two fresh-to- market works from the celebrated Gutai founder's personal collection realised HK$26.7 million / US$3.4 million, over four times the pre-sale estimate
World Auction Record Price per Carat for a Kashmir Sapphire - The Jewel
of Kashmir, a 27.68-carat Kashmir Sapphire and Diamond Ring,
sold for HK$52.28 million / US$6.7 million / CHF 6.52 million (US$242,145 per carat)
Buyers from around Asia competed across a range of categories
Japan
Jane Lee
Gift II
Sold: HK$1,000,000 (US$128,205)
Modern and Contemporary Southeast Asian Art Day Sale, 5 October 2015
Mainland China
A Pair of Huanghuali Round-Corner Tapered Cabinets on Stands
Late Ming Dynasty
Sold: HK$15,680,000 (US$2,010,256)
Ming Furniture - The Dr S Y Yip Collection, 7 October 2015
Taiwan
Zao Wou-Ki
Retour de pêche
Sold: HK$14,480,000 (US$1,856,410)
Modern & Contemporary Asian Art Evening Sale, 4 October 2015
Hong Kong
Singapore
Wu Guanzhong
Ospreys by the Willow Shores
Sold: HK$7,520,000 (US$964,103)
Fine Chinese Paintings, 6 October 2015
Indonesia
Shiraga Kazuo
Fire of Dattan
Sold: HK$6,920,000 (US$887,179)
Contemporary Asian Art Day Sale, 5 October 2015
The Jewel of Kashmir: A 27.68-carat Kashmir Sapphire and Diamond Ring Sold: HK$52,280,000 (US$6,702,564)
WORLD AUCTION RECORD PRICE PER CARAT FOR A KASHMIR SAPPHIRE
Magnificent Jewels & Jadeite, 7 October 2015
Wine
(4 October)
Contemporary Asian Art
(4 & 5 October)
Modern Asian Art
(4 & 5 October)
Modern & Contemporary Southeast Asian Art
(4 & 5 October)
Classical Chinese Paintings
(5 October)
SOTHEBY'S HONG KONG 2015 AUTUMN SALE SERIESTotal: | HK$53,092,225 | Total: | HK$374,495,750 | Total: | HK$288,211,250 | Total: | HK$156,550,000 | Total: | HK$63,820,000 |
US$6,806,695 | US$48,012,276 | US$36,950,160 | US$20,070,513 | US$8,182,051 |
Two major single-owner collections and a multiple- owner sale attract bidders from across Asia
Concluded five wine sales in 10 days between Hong Kong and New York totalling US$10 million
Contemporary Ink Art
Total:
HK$31,068,750
Total:
HK$107,188,750
Total:
HK$343,862,500
Total:
HK$764,348,750
Total:
HK$486,476,250
US$3,983,173
US$13,742,147
US$44,084,936
US$97,993,429
US$62,368,750
(5 October)
Increasing international competition in this category
Since the category was introduced two years ago, it has continued to attract new bidders to Sotheby's
Solid results in the market for Chinese Contemporary art and increasing attention for Japanese and Korean Contemporary artists
Many new collectors from around Asia competed in these two days of sales
Watches
(6 October)
Sale performed solidly with high sell-through rate
Vibrant competition among bidders from Hong Kong, Mainland China, Southeast Asia, Taiwan, and the US
Important single-owner sale of sculptures by Ju Ming achieved HK$50.8 million, exceeding pre-sale estimate (HK$37.8 million)
Strong prices were seen for top-quality works
Fine Chinese Paintings
(6 October)
Solid demand for blue-chip works
Three-quarters of the lots sold above estimate
Sotheby's largest-ever Evening Sale for the category achieved an exceptional sell-through rate of over 90% sold by lot
New participants seen from across Asia
Chinese Works of Art
(7 October)
An auction record set and top lots sold despite the current economic uncertainty
Sale total comparable to Spring 2015
Re-launch of Classical Chinese Paintings sales in Hong Kong enables us to reach out to our Asian collectors
The sale attracted new buyers to Sotheby's, contributing to the growing collecting base for this category in Asia
Magnificent Jewels & Jadeite
(7 October)
Broad-based participation by Asian private buyers along with international trade
Tiffany & Company purchased the Dowager Viscountess Harcourt Diamond Necklace for HK$12.08 million /
US$1.55 million / CHF 1.51 million
PRESS CONTACTS: LONDON
Matthew Weigman
+44 207 293 5168
Matthew.Weigman@sothebys.com
NEW YORK
Lauren Gioia
+1 212 606 7176
Lauren.Gioia@sothebys.com
NEW YORK
Dan Abernethy
+1 212 606 7176
Dan.Abernethy@sothebys.com
HONG KONG
Winnie Tang
+852 2822 8129
Winnie.Tang@sothebys.com
|
distributed by
|
