Sothebys : Sotheby's Hong Kong Chinese Art Sale Series On 24-25 November Totals Nearly HK$100 Million, More Than Doubles Pre-Sale Estimate

Hong Kong | Carmen Ting | +852 2822 8140 | carmen.ting@sothebys.com | Esme Chau | +852 2822 8143 | esme.chau@sothebys.com

New York | Dan Abernethy | dan.abernethy@sothebys.com | London | Matthew Floris | matthew.floris@sothebys.com

553 Lots Offered / 81% Sold

50% of Lots Surpass High Estimate

Auction scene of the top lot - Lot 88, the Qianlong famille-rose porcelain 'Landscape and Imperial Poem' Snuff Bottle (24 November).

November at Sotheby's Hong Kong Gallery which totalled HK$99.3 million / US$12.7 million, more than double pre- sale estimate (HK$46.3 million / US$5.9 million*).

"The Chinese Art Sale was a great success, totalling HK$69.8 million / US$9 million, more than double the low estimate. Almost 60% of the lots were sold above their high estimates. The highlight of the sale was Xiao Tang Ji: Fine Brushpots and Works of Art from the Collection of Xiao Tang, which sold for a total of HK$16.8 million / US$2.2 million, with several brushpots achieving outstanding results, including the top lot of sale - a Qing dynasty huanghuali 'prunus' brushpot that sold for HK$5.32 million / US$680,000, more than three times its low estimate. Song-dynasty ceramics were in strong demand, with A Private Japanese Collection of Early Ceramics fetching nearly HK$10 million / US$1.3 million against estimates of HK$1.5 - 2.1 million / US$190,000 - 270,000.
"Snuff Bottles from the Mary George Bloch Collection: Part IX continued to attract an enthusiastic crowd of collectors from all over the world, and every lot was sold with the top lots performing exceedingly well. Topping the list was a Qianlong famille-rose porcelain 'Landscape and Imperial Poem' snuff bottle attributed to Tang Ying, which sold for HK$6.28 million / US$810,000, followed by a Canton enamel yellow-ground 'Deer and Landscape' snuff bottle mark and period of Yongzheng which sold for HK$2.02 million / US$260,000, close to three times its low estimate."

Chinese Ceramics and Works of Art Sale Series (24 - 25 November) - Sale Results Breakdown:Snuff Bottles From The Mary And George Bloch Collection: Part IX

Total: HK$29,497,500 / US$3,781,731
(Est. HK$16.6 - 21.2 million / US$2.1 - 2.7 million)

Total: HK$69,827,500 / US$8,952,244
(Est. HK$29.7 - 42.3 million / US$3.8 - 5.5 million)

Grand Total for Two-day Sale Series

(Est. HK$46.3 - 63.5 million / US$5.9 - 8.2 million)

*Estimates do not include buyer's premium and prices achieved include the hammer price plus buyer's premium.

Images available on request.

NOTES TO EDITORS

I) SOTHEBY'S HONG KONG GALLERY NOVEMBER - DECEMBER EVENT CALENDAR (subject to change)

II) ABOUT SOTHEBY'S HONG KONG GALLERY

Sotheby's Hong Kong Gallery has enabled the Company to significantly expand its business in Asia beyond its traditional twice- annual auction series in April and October, offering a variety of exciting events throughout the year. Since its inauguration in May

2012, the Gallery has been home to selling exhibitions and non-selling exhibitions including Modern Masters, Age of Elegance - European Paintings, Furniture and Works of Art from the 19th Century, New Ink - An Exhibition Of Ink Art By Post 1970 Artists From The Yiqingzhai Collection, Beyond The Paper Screen - An Exhibition of Japanese Erotic Prints from The Uragami Collection, From Warhol, With Love - A Selling Exhibition Of Andy Warhol Works, The Eternal Spring - A Selling Exhibition of Contemporary Ceramics by Caroline Cheng, The Odyssey of a Master : Chao Chung-hsiang - A Selling Exhibition, Gardens of Pleasure: Sex In Ancient China - An Exhibition Of The Ferdinand M. Bertholet Collection, Song Yige: Another Dimension - A Selling Exhibition as well as auctions such as Boundless: Contemporary Art and Magnificent Bordeaux from a European Cellar, The Mei Yun Tang Collection Of Paintings By Chang Dai-Chien "A Master's Secrets Unveiled", Snuff Bottles From The Mary And George Bloch Collection and Fine Timepieces and Jewels. All these initiatives demonstrate Sotheby's commitment to

catering to the diversifying interest of collectors in Asia.

Address: Sotheby's Hong Kong Gallery, 5/F, One Pacific Place, 88 Queensway, Hong Kong

Enquiries (During Opening Hours): +852 2524 8121

III) FOR MORE NEWS FROM SOTHEBY'S

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