Christie’s Sales In Asia: 68% Up Over First Half 2010

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HONG KONG.- Christie’s concluded its Spring season with a total of HK$4bn (US$515m), including the off-season sale of fine wines in March and April, the Spring sale series from 27 May to 1 June, and the Beijing sales by Christie’s brand licensee in China – Forever. This represents the highest season total for Christie’s in Asia, which is a 68% increase over the same period a year ago and 17% over the second half of 2010 (HK$3.4bn/US$440m). These results indicate the continued growth in the breadth and depth of collecting interest, and reaffirm Hong Kong as a leading centre in the global art market. “Strong bidding with moments of passionate enthusiasm was the hallmark of the week of Spring auctions in Hong Kong. With two standing-room-only salerooms operating concurrently from 10 a.m. to late in the evening, sparkling prices were obtained for Asian and Southeast Asian Modern and Contemporary art, Chinese Cer