Christie’s Spring Asian Art Week in Hong Kong achieved a total of HK$567,598,660, or US$73,534,563, across a series of four live auctions of Chinese Ceramics and Works of Art and Chinese Paintings held from 30 April to 2 May at The Henderson. Competitive bidding drove the combined hammer price to 114 percent above the low estimate, and sales for the category were up 4 percent against Spring 2024.
The Chinese Ceramics and Works of Art sales on 2 May totalled HK$342,431,200, or US$44,363,263, up 29 percent on Spring 2024, with hammer 117 percent over low estimate and close to 30 percent of lots sold above high estimate. The single-owner sale Ravishing Blue: Imperial Porcelains From An Important Private Collection was 100 percent sold and achieved HK$162,613,000, or US$21,067,132, with a hammer price 110 percent above the low estimate.
Important Chinese Ceramics and Works of Art totalled HK$179,818,200, or US$23,296,131, and was headlined by a huanghuali single plank-top pedestal table, jiaji’an, from the Collection of Mimi Wong, which more than tripled its high estimate to sell for HK$33 million, or US$4.2 million. A rare pair of famille rose ‘ Prunus and Lingzhi’ tea bowls sold for HK$29.4 million, or US$3.8 million.
The Chinese Paintings auctions, held from 30 April to 1 May, totalled HK$225,167,460, or US$29,152,138, with hammer 110 percent over low estimate and almost half of lots sold above high estimate. Close to half of the new buyers were Millennials or younger.
Fine Chinese Modern and Contemporary Ink Paintings totalled HK$120,547,740, or US$15,607,159, headlined by Zhang Daqian’s In Search of Paradise, from a prestigious Asian collection, which sold for HK$14.2 million, or US$1.8 million. Fine Chinese Classical Paintings and Calligraphy realised HK$104,619,720, or US$13,544,979, led by the Poon Family Collection’s Album of Small Standard Script Calligraphy by Zhu Yunming, Wang Duo and others, which achieved HK$13 million, or US$1.7 million, more than double its high estimate.
(Press Release)
