$160 Million Auction Haul in Hong Kong Provides Much-Needed Momentum for the Region | Artnet News
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$160 Million Auction Haul in Hong Kong Provides Much-Needed Momentum for the Region | Artnet News
"Christie's led the evening-sale race, with a total haul of HK$655.76 million ($83.8 million), a 17 percent increase from the same sale last year. It had no withdrawals."
"The top lot of the weekend was claimed by Sotheby's, which sold Joan Mitchell's La Grande Vallée VII (1983) to an online bidder for HK$137.4 million ($17.6 million)."
"While their events were branded as Modern and contemporary art sales, both Christie's and Sotheby's ranged beyond those categories for the first time in their Hong Kong evening sales."
Hong Kong's March modern and contemporary art evening sales generated HK$1.25 billion, with Christie's leading at HK$655.76 million and Sotheby's achieving HK$548.4 million. Both houses reported 'white glove' sales, indicating all lots sold. Christie's set multiple records for various artists, while Sotheby's top lot was Joan Mitchell's La Grande Vallée VII, sold for HK$137.4 million. Phillips also set a record for Chinese ink artist Liu Dan. Both Christie's and Sotheby's expanded their offerings beyond modern and contemporary art for the first time in these sales.
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