Christie’s International’s first- half sales increased 9 percent, boosted by records set for Jackson Pollock and Jean-Michel Basquiat at the most expensive art auction ever held.
The biggest briolette-style diamond ever sold at auction, Qianlong period vases and a painting by the modern Chinese artist Zhang Daqian helped lift Christie’s International’s Hong Kong spring sales.
A painting that was initially valued at just 50 pounds ($75) sold for HK$3.03 million ($390,000) in a weekend auction by Christie’s International in Hong Kong, setting a record for a work by a Vietnamese artist.
Andy Warhol has supplanted the Chinese ink painter Zhang Daqian as the world’s biggest seller at auction.
Pablo Picasso has been dethroned.
Sotheby’s said it has withdrawn a 20th-century Chinese painting valued at as much as HK$12.8 million ($1.65 million) after a Taiwanese Buddhist nun challenged its ownership.
A Chinese Imperial jade seal and album of calligraphy are being re-offered for sale this week after their Asian bidders failed to pay.
Sotheby’s Hong Kong auction sales doubled in the first half to HK$4.3 billion ($540 million) from the same period a year ago as demand rises, Patti Wong , chairwoman of Sotheby’s Asia, said today.
A marathon of competitive bidding by collectors of Chinese artworks pushed a Hong Kong auction to more than three times its estimate.
A pair of diamonds each weighing almost 36 carats and a set of Chinese scrolls led sales at a Christie’s International auction in Hong Kong last night.