Catherine Asquith Art Advisory
  • Home
  • About
  • Advisory
  • Brokerage
  • Consultancy
  • Valuations
  • STOCKROOM
  • Bespoke Art Tours
  • Blog
  • Contact
  • Home
  • About
  • Advisory
  • Brokerage
  • Consultancy
  • Valuations
  • STOCKROOM
  • Bespoke Art Tours
  • Blog
  • Contact
Catherine Asquith Art Advisory

White glove sale for Sotheby's HK: Modern & Contemporary Art

4/3/2018

2 Comments

 
Picture

Sotheby's Spring Hong Kong sales cycle got off to a strong start over the weekend. Hong Kong now has its marquee evening sales event of Modern and Contemporary art that is a mix of Asian blue-chip art and European artists with appeal to Asian buyers. That sale had a combined total of HK$1.04bn ($132m) which puts it on par with major evening sales in London. The sales had a 97% sell-through rate with 64% of the works going for prices over the high estimates.

Demand is clearly strong in Asia. Sotheby's was able to sell all 33 Yayoi Kusama works in the sale. The evening sale of Southeast Asian art was a white-glove sale with no lots failing. Christine Ay Tjoe's Study of First November Doll made a price more than five times the high estimate even if the absolute price was a relatively small $380k.
​
The day sale of Contemporary Asian art doubled its total low estimate and was 95% sold demonstrating that the demand for Asian Contemporary art goes deep and down the price scale. 

Modern Art Evening Sale (31 March) : HK$ 638,377,500/ US$ 81,342,061
Contemporary Art Evening Sale (31 March): HK$ 397,987,500/ US$ 50,711,567
Modern & Cont Southeast Asian Day Sale (1 April): HK$ 47,865,625/ US$ 6,099,038
Contemporary Art Day Sale (1 April) : HK$ 138,268,750/ US$ 17,618,204
Modern Asian Art Day Sale (1 April) : HK$ 60,663,750/ US$ 7,729,775

2 Comments
Professional Wall Painting Company in Dubai link
4/5/2018 15:42:01

Your article really amazing to read this is my first visit and please share this type of article it also provides information. And I would like to thanks for this information that I had been looking. Regards <a href="http://supercleaningdubai.com/wall-painting-service-dubai/">Professional Wall Painting Company in Dubai</a>

Reply
Painting Service Dubai link
6/8/2018 00:14:32

Superb article and I would really like to thank for your article it’s really helpful. Regards <a href="http://superbrightdubai.com/wall-painting-dubai/">Painting Service Dubai</a>

Reply



Leave a Reply.


    ​Catherine Asquith Art 

    Commentary on the Australian,  Asian and international art market.


    ​Categories

    All
    Art Valuations
    Asian Art Prizes
    Australian Art Fairs
    Australian Artists
    Australian Art Market
    Australian Art Prizes
    Australian Indigenous Art
    Chinese Artists
    Chinese Art Market
    Collections
    Emerging Artists
    Hong Kong Artists
    Hong Kong Auctions
    International Art Fairs
    International Auctions
    International Exhibitions
    London Auctions
    Melbourne Auctions
    Melbourne Exhibitions
    New York Exhibitions
    Photography
    SE Asian Art Fairs
    Sydney Exhibitions
    US Exhibitions

    Archives

    January 2019
    November 2018
    October 2018
    April 2018
    March 2018
    December 2017
    November 2017
    October 2017
    July 2017
    April 2017
    March 2017
    November 2016
    July 2016
    June 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015

    RSS Feed

Picture
Picture


Privacy Policy
Terms & Conditions


​ City Road, Southbank, Victoria 3066, Australia
By appointment
Phone:  +61 3 9077 7787    Mobile:  ​+61 (0) 422 753 696
​catherine@catherineasquithart.com

ABN: 55 360 059 231