As Cristian Albu, Christie's deputy chairman, noted, the auction aimed for safety and reliability amid a challenging market, showcasing blue-chip art as a secure investment.
Yuki Terase remarked on the cautious sentiment affecting collectors, especially from Mainland China, attributing it to geopolitical factors and a natural market slowdown post-Covid.
Terase highlighted Christie's strategy of focusing on classic blue-chip artists rather than emerging talents, reflecting buyers' current preference for stability in their investments.
The auction's success, achieving HK$1bn, demonstrates that even in uncertain times, well-chosen, high-value art remains an attractive investment for discerning collectors.
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