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Monet s US$24 million oil painting sets new Western art auction record in mainland China | Auctions News | THE VALUE

In the Asian Art market, the appetite for Western Modern and Contemporary Art masterpieces in recent years have proliferated in Hong Kong – setting record prices in auction sales. This trend has spread northwards into mainland China.

Jadé Fadojutimi, Shara Hughes, and Rafa Macarrón Shine at Sotheby s Hong Kong Sales

Jadé Fadojutimi, Shara Hughes, and Rafa Macarrón Shine at Sotheby s Hong Kong Sales
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US$27 5 million Zhang Daqian s masterpiece leads Sotheby s Hong Kong Autumn Sale Week | Auctions News | THE VALUE

A $21 2 Million Picasso Soars To New Records as Basquiat and Other Western Art Stars Dominate Sotheby s Auctions in Hong Kong

Sales results point to Asia's growing appetite for western art but Asian blue-chip names Zao Wou-ki, Sanyu and Zeng Fanzhi were not sold.

Picasso and Van Gogh breaks Asia record, despite unsatisfactory results at Sotheby s evening sale | Auctions News | THE VALUE

A powerful tropical cyclone swept over southern China, but it did not deter an international auction house to continue with its sale on 9 October. Sotheby's Hong Kong Modern Art Evening Sale performed much lower than expected, with a total hammer price of HK$485 million (around US$61.7 million) dollars – less than the HK$648 million (US$83.2 million) dollar total estimated price. 

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