Asian art market is growing steadily
Hong Kong Sotheby's auction in the first half of this year brought $ 270 million, which exceeds even the pre-crisis figures
It seems that the Asian Art market feels the crisis b about reading instruments recovery than all other sectors of the art market. At least, this impression is created after seeing the results of auction Sotheby's, the world's largest auction houses of all those whose shares are traded on the exchange. According to British newspaper The Independent, in the first half of 2010 auctions arranged by the Hong Kong brought a total of $ 270 million - a 180%more revenue than the first six months of last year (96,7 million). In 2010 and broke the pre-crisis 2008-th - then for the same period, managed to sell lots to 239 million.
addition to art and antiques at Sotheby's Hong Kong sales can buy wine and jewelry. In April bid jewels brought 52.4 million dollars - a record for an auction in this category. One of the top lots was a rare blue diamond from the collection of De Beers Millennium, which went for 6.4 million. At another auction someone laid out 12.3 million dollars for a white jade seal of the Emperor Qianlong.
As for modern art, then you can cite as an example the spring auction of works of Chinese artists of the twentieth century, where 65 lots could rescue 13,2 million dollars, significantly more estimeyta (9,66 million).
results of the first six months of 2010 show that over two years worldwide sales grew by 100 %- to 1,1 billion in 2008 to 2,3 billion in 2010. North American auction, which brought in 2009 to 72%lower income than in 2008 (anti-record among the victims of the crisis of markets), this year can boast of increasing by 121%. Indicators of Britain have improved by 108%.
These figures were published in connection with the Conference of income Sotheby's, which will be held next Thursday. CEO Bill Ruprecht and Chief Financial Officer Bill Sheridan to account for the II quarter of 2010 and take questions from analysts on Wall Street, whose evaluation affect investors' decisions. Some experts believe that Sotheby's will tell about the increase in net profit per share, which can also be seen as a sign of recovery of the world art market.
Sources: , artinvestment.ru
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