With the conclusion of the Jewelry and Watch sales today, Sotheby’s wrapped up another successful round of its twice yearly sales in Hong Kong, this time with two second acts — Part II of the Ullens Collection of Contemporary Asian Art and Part II of the Meiyintang Collection of Important Imperial Chinese Porcelains.
This year’s 4th edition of the Hong Kong International Art Fair (ART HK) has solidified its position as the most important annual Asian art fair. Leading galleries from all over the world exhibited, primarily those specializing in Contemporary Art (Gagosian, White Cube, James Cohan, Pearl Lam Galleries) but also some known for Modern Art (Acquavella), [...]
The last decade in Asia for Sotheby’s and Christie’s has been phenomenal. While both have strong, resilient brands, deep pockets and sophisticated marketing machines, the mainland auctions pose a lingering, long-term threat to their market share in Asia. When Sotheby’s market capitalization fell to a low of US $0.5 billion in 2009, some speculated that [...]
Chinese Art auction sales in 2010 exceeded those of the two most broadly traded sectors of Western Art – Impressionist & Modern and Post-War & Contemporary. The speed of the Asian economic recovery, relative to that in the West, has been reflected in the growth of major auctions in Hong Kong versus similar bellwether auctions [...]