SOTHEBY’S SPRING 2007 SALES IN HONG KONG TOTAL HK$1,050,186,100 Sotheby’s four-day sale series in Hong Kong this spring, which took place this week at the Hong Kong Convention and Exhibition Centre, totaled HK$1,050,186,100.
high estimate, to Hong Kong dealer Chak’s Company Ltd (lot 507, est. HK$6/8 million).
By Heavenly Mandate: Historical Works of Art from the Qianlong Reign
• Total: HK$97,600,000 (est. HK$76/108 million)
• The theme sale included five jade lots from the Qianlong reign, led by an Extraordinary Group of Seven Jade Imperial Archer’s Rings, along with its original fitted cinnabar box and cover, mark and period of Qianlong, sold for HK$47,360,000 to an Asian private (lot 602, est. in excess of HK$40 million).
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• A Highly Important dated Zitan Mounted Archaic Jade Bi with Yuti mark, Qianlong period, sold for HK$34,480,000 to an Asian private (lot 603, est. in excess of HK$15 million).
Fine Chinese Ceramics and Works of Art
• Total: HK$225,371,200 (est. HK$243.5/321.6 million)
• Highlighting the sale was an Exquisite and Very Rare ‘Falangcai’ Enamel Miniature Vase, Mark and Period of Qianlong, which achieved HK$33,920,000, almost tripling its high estimate and selling to an Asian private (lot 806, est. HK$10/12 million).
FINE CHINESE PAINTINGS – April 9, 2007
• Total: HK$118,100,000 (est. HK$58.9/83.4 million)
• Li Keran’s Waterfall in Tiers commanded HK$8,384,000, selling to applause for many times over its high estimate to an Asian private (lot 1126, est. HK$1.8/2.5 million).
• Buyer breakdown by lot: 94.3% Asia (43.9% Hong Kong, 29.2% China, 13.7% Taiwan; 6.1% Singapore; 1.4% Malasia); 5.2% Americas; 0.5% Europe)
IMPORTANT WATCHES – April 9, 2007
• Total: HK$23,000,400 (est. HK$16.4/22.6 million)
• The sale included over 20 pieces of Patek Philippe watches, such as a Very Rare and Exceptional 18K Gold Automatic Perpetual Calendar Bracelet Watch with Ruby Indices and Moon Phases, Ref. 3448, circa 1965, which achieved HK$1,680,000 (lot 1350, est. HK$1.56/ 2.34 million).
MAGNIFICENT JEWELS AND JADEITE – April 10, 2007
• Total: HK$243,220,000 (est. HK$316.8/380.8 million)
• The top lot of the sale was a Magnificent Jadeite and Diamond Bead Necklace, which sold for HK$26,060,000 (HK$25/30 million).
*Estimates do not include buyer’s premium
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NOTES FOR EDITORS
SOTHEBY’S ASIAN ART SALES WORLDWIDE (Including Chinese, Japanese, Korean, and Indian and Southeast Asian)
TOTALS IN US$
• 2007 to date (1st six months) $223 million
• 2006 $341.1 million (THE HIGHEST EVER FOR SOTHEBY’S) 35% increase over 2005
• 2005 $252 million 56% increase over 2004
• 2004 $161.3 million
• 2001 $66 million
SOTHEBY’S ASIAN ART SALES IN ASIA (including Chinese, and Southeast Asian – NOTE: excluding jewellery, watches and other sale categories)
• 2007 to date (1st six months) $134 million
• 2006 $188.3 million 17% increase over 2005
• 2005 $160.6 million 78% increase over 2004
• 2004 $90.3 million
• 2001 $35.2 million
SOTHEBY’S HONG KONG/NEW YORK CONTEMPORARY ASIAN ART SALES TOTALS
• 2007 to date (1st six months) $52.8 million
• 2006 $70.3 million
• 2005 $14.3 million
• 2004 $ 2.9 million
• Hong Kong Contemporary Chinese Art Sales Total Breakdown by Season
Spring 2007 $214,472,400(*** in Hong Kong Dollars)
Fall 2006 $21,937,334
Spring 2006 $16,999,516
Fall 2005 $9,019,398
Spring 2005 $5,270,511
Fall 2004 $2,950,712
