The unprecedented success of the Sotheby's auction in Hong Kong
ARTinvestment.RU   17 октября 2010

Organized by the auction house auction brought a record $ 400 million

auction house Sotheby's said that they were organized in October, the Hong Kong auction brought a record amount - 400 million dollars (3.08 billion in the Hong Kong currency). Most buyers were collectors from mainland China.

greatest success enjoyed classical Chinese art. Demand for the product class of the museum was such that some dealers, according to the Wall Street Journal, began to seriously worry, driving a proposal for him. Last Wednesday, the imperial seal of two dragons, made of white jade, went for $ 16 million (121.6 million Hong Kong dollars), set a record for the subjects of this material. The upper estimate was exceeded by four times. The next day, a porcelain vase XVIII century, gathered from an English collection, brought even more incredible sum - 32,4 million dollars (253 million HK dollars), up to five times higher than the provisional estimate. Now she owns the title of most expensive object in the category of Chinese porcelain ».

Vasu has bought the collector Alice Chan (Alice Cheng), who also bought at auction Friday Qing dynasty vase that went into her 10.3 million dollars. Another painted porcelain jar era of Emperor Qianlong (in the same period of the aforementioned seal and the 32 millionth vase) was bought for 18.1 million dollars. Excellent results showed a traditional Chinese painting: of the 270 lots offered at auction on October 5, the new owners have not found all three, 91%of jobs have gone at a price higher than the preliminary estimate. The overall result of the auction totaled $ 52 million.

Contemporary art also does not remain on the sidelines. Predictions of those who predicted a market oblivion artists coming in the years of rampant speculation, is not true: an example - a very successful sale of the painting "Head of the New Century - Birth of the People's Republic II» Syaogana Zhang (Zhang Xiaogang). Buyer laid out for her 6.7 million dollars (52,2 million HK dollars, estimate - 21-23 million). Incidentally, this is a new personal record for the artist, who during the art boom was the most expensive in its segment.

material was prepared by Julia Maksimova, AI

Sources: artinfo. com , artinvestment.ru