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CHRISTIE'S HONG KONG AUTUMN SALES
04 December 2008
Catégorie : MARKET
Christie's Hong Kong Autumn 2008 Sales realized HK$1.13 billion/US$146 million /£99 million/Euro 113 million

•       Continued demand for the rarest and the best despite economic challenges
•       Records and strong prices across categories indicate liquidity in the art market
•       44% of total lots sold over the high estimate
•       Positive results and global participation reaffirms Hong Kong as Asia's centre for the art business

Christie's concluded its five-day series of sales at the Hong Kong Convention & Exhibition Center with a total of HK$1.13 billion/US$146 million /£99 million/Euro 113 million.  Despite challenges in the economic climate, Christie's Hong Kong sales recorded strong interest in rare works with impeccable provenance both from private collectors and trade from around the world.  With 44% of the total lots sold over the high estimate, and records achieved across categories, including wine, Chinese 20th Century art and Chinese works of art, the sales indicate that liquidity and demand remain potent in the art market. 

“Our Hong Kong sales this year have shown a resilience in the face of global economic challenges.  At our Asian art, wine, jewellery and watch sales, the demand for the rarest and the best resulted in records being broken across collecting categories.   With 44% of our lots selling above high estimates, it is encouraging to see a strong level of liquidity and interest among Asian and international buyers who continue to look for opportunities to acquire great works that rarely come to market.

Asia presents important opportunities, and we believe the results from our Hong Kong sales show that the Asian art market continues to be one of the key drivers of Christie's growth in the future.” said Edward Dolman, Chief Executive Officer, Christie's.

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