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Phillips Announces Highlights Ahead of the London Photographs Sale

Phillips Announces Highlights Ahead of the London Photographs Sale
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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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April's Top Ten Hammers in Hong Kong Spring Auctions that Reaped Over US$178m, Driven by Asia's Strong Demand for Western Artworks | Auctions News | THE VALUE


By: Crystal Wong | Photos: Justin Cheng
28 Apr, 2021 | Wed | 19:30
While the global art industry is still in recovery mode, Hong Kong has proven to be a resilient market despite the ongoing travel ban. Led by the modern and contemporary art sector, in particular, the first half of the Hong Kong spring auction that took place in April already set the bar high for the season.
Among the top ten seven-figure works, which totaled over US$178.6m, Western artworks secured four spots, against two Chinese antiques on the list, highlighting Asia’s burgeoning appetite for Western art. 
Nine out of the top ten lots were auctioned off at Sotheby’s Hong Kong sales, with the house s rival Christie’s marquee sales being just around the corner, keen collectors and art enthusiasts alike are bound to see more high-caliber artworks on their way. ....

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