It was a momentous sale season in Hong Kong with records falling and prices soaring. Leading the Modern and Contemporary Art Evening auction was Andy Warhol’s Mao, a 1973 masterwork that sold for HK$98.5 million (US$12.7 million). The Brushwork II: All the World’s a Stage auction achieved the rare white glove designation as all 25 works succeeded in finding buyers, bringing the total to HK$89.6 million (US$11.5 million).
The unequivocal headline of the week was the phenomenal success of the CTF Pink Star diamond, which sets the world auction record for any diamond or jewel. The 59.60-Carat Oval Mixed-Cut Fancy Vivid Pink Internally Flawless Diamond sold for HK$553 million (US$71.2 million) to Hong Kong jeweller Chow Tai Fook, making it the highest price for any work ever sold at auction in Asia. Not to be outdone, an Exceptional Xuande Bowl sold for $HK229 million (US$29.5 million). Driven by strong prices throughout the week, the Spring Sale series totalled a remarkable HK$3.17 billion(US$406.1 million).
Now the time to consign to Sotheby’s next sales in Hong Kong, which take place in October 2017. Consigning is easy, check out more information here.
MOMENTOUS SALE SEASON IN HONG KONG
Auctions | May and June
23 May - 6 June | Fine Timepieces Online
1 June | Qing Dynasty Jade from a Hong Kong Collection
1 - 2 June | Chinese Art, including Japanese prints from a Hong Kong private collection
