Christie's Hong Kong Sales Up 58 Percent

By ARTINFO

Published: May 30, 2008

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HONG KONG—Christie's has announced the results of its spring sales in Hong Kong, which brought in a total of HK $2.4 billion (U.S. $310.7 million), up 58 percent from last year.

The auction week, from May 24 through 29, included the house's sales of Southeast Asian modern and contemporary art, Asian contemporary and Chinese 20th-century art, Fine Chinese modern and classical paintings, and Chinese ceramics, jewels, and watches.

The week saw a number of records set: Zeng Fanzhi took the record for a Chinese contemporary artwork sold at auction with his Mask Series 1996 No. 6, which sold for HK $75.4 million (U.S. $9.7 million), several dozen artist and category records were set, and the jewelry sale was the most valuable ever organized by Christie's anywhere.

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According to the auction house, the figures represent the highest total ever achieved in a sales season in Asia and indicate a 58.5 percent market share in the region.

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