Christie's Hong Kong autumn sale drops 46% from last year but makes Picasso's record in Asia
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Christie's Hong Kong autumn sale drops 46% from last year but makes Picasso's record in Asia
"I think what we've learned over the course of this year in an ever evolving market is the importance of presentation of pricing, of making sure we bring fresh property to the market,"
"and the market tonight responded, you saw that very clearly."
"Brennan stressed that with remote bidders from around Asia as well as the US and Europe, the sale illustrates the complex flow of interest and influence of Asian and Western art and their buyers. Every sale worldwide now includes Yayoi Kusama, and Zao Wou-ki now enjoys global popularity as well, Brennan says."
"trying to tell a story, and trying to give respect to the region," with "chapters about Korean art, about Japanese art, about Asian art. But of course, we're trying to build bridges between the Western"
Christie's 20/21st Century Autumn sale in Hong Kong on 26 September made US$72.6 million, a 46% decline from the previous year's equivalent sale and similar to its March result. The evening marked the first anniversary of Christie's Asia headquarters in Central's Henderson building. Picasso's 1944 Buste de Femme hammered for HK$196.75m (US$25.4m), setting an Asia record after a protracted duel between two bidders. Yayoi Kusama's Pumpkin [TWAQN] sold for HK$34.66m (US$4.475m) and Zao Wou-ki's work sold for HK$85.2m (US$11m). Walter Spies's Pagodenlandschaft sold for HK$26.1m (US$3.3m). Christie’s highlighted the role of presentation, fresh property, and remote bidders from Asia, the US and Europe, and positioned the sale as connecting Asian and Western art chapters including Korean and Japanese art.
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