Christie’s Hong Kong Achieves Highest Ever Sale Total for Chinese Paintings

HONG KONG.- Christie’s Hong Kong completed its two sales of Classical and Modern Chinese Paintings on Tuesday, November 30th, 2010, tallying the highest total ever for the category with HK$669 million/ US$ 86 million. The morning session of Fine Chinese Classical Paintings kicked off with high sold ratios of 91% by lot and 87% by value and a total of HK$100 million/US$13 million. The momentum continued unabated with the afternoon session of the Modern Chinese Paintings sale which totalled HK$ 568 million/ US$73 million, with 96% sold by lot and 97% sold by value. Ben Kong, International Director of Chinese Paintings at Christie’s, based in Hong Kong, said “This season’s excellent results reflect a 92% increase from last year’s Autumn sale, while the average lot value also increased by 42% compared to last year, including 11 lots selling over

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