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$1,050,186,100.
TOTAL HONG KONG SALES GROWTH (2000-2006) IN HK$:
2007 to date (first half):
Spring – 1,050,066,802
2006:
Spring - 841,976,320 Fall - 1,071,652,637 TOTAL:1,913,628,957
2005:
Spring - 633,347,360 Fall - 850,883,400 TOTAL: 1,484,230,760
2004:
Spring - 445,552,240 Fall - 590,197,200 TOTAL: 1,035,749,440
2003:
Spring - 279,695,000 Fall - 348,112,640 TOTAL: 627,807,640
2002:
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Spring - 283,752,804 Fall - 210,367,912 TOTAL: 494,120,716
2001:
Spring - 226,824,830 Fall - 401,904,370 TOTAL: 628,729,200
2000:
Spring - 374,119,850 Fall - 310,684,920 TOTAL: 684,804,770
FACTS ON SOTHEBY’S PRESENCE IN ASIA
• Sotheby’s was the FIRST auction house in Hong Kong, opening an office in 1973 and holding its first auction that same year
• Sotheby’s began holding sales of Chinese Contemporary Art in Hong Kong in 2004
• Sotheby’s was the FIRST and still is the ONLY international auction house to hold dedicated sales of Contemporary Asian Art in New York; Sotheby’s inaugural New York sale was in March 2006, following its opening a new department and appointing a specialist, Xiaoming Zhang, in the field
A SHORT HISTORY OF SOTHEBY’S:
Founded in 1744, Sotheby’s is the oldest and largest internationally recognised firm of fine art auctioneers in the world and is a global company that engages in art auction, private sales and art-related financing activities.
The Company operates in 35 countries, with principal salesrooms located in New York and London. The Company also regularly conducts auctions in 13 other salesrooms around the world, including Australia, Hong Kong, France, Italy, the Netherlands, Switzerland and Singapore. Sotheby’s is listed on the New York Stock Exchange under the symbol BID.
The essence of the story of Sotheby’s is that in its first 200 years it became the largest seller of books by auction in the world, and in the last half century it has become the world’s largest auctioneer of fine art.
The sales now handled by Sotheby’s are not just confined to paintings, books and works of art from the great civilisations of history, but also include such areas of specialist interest as postage stamps, musical instruments, scientific instruments and wine.
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