Sotheby's (BID) Announces Autumn 2016 Hong Kong Sale Series Achieves $282M

October 5, 2016 4:10 PM EDT

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Sotheby's (NYSE: BID) announced:

"I am very pleased that Sotheby's Hong Kong sales demonstrated East Asia's resistance to uncertainty and softness in some Western markets and achieved the same full year sales this year as in 2015," commented Tad Smith, Sotheby's Chief Executive Officer. "East Asian confidence and bidding will be a very good thing for upcoming sales."

Kevin Ching, Sotheby's Chief Executive Officer in Asia, said: "The market this week was selective, but demand for the most desirable pieces remained robust and delivered some outstanding prices."

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Auction Attracted a New Generation of Bidders – 40% Were Below 40


Six Chinese Works of Art Sales Total $77.3 Million

A Highly Important Imperial Khotan-Green Jade Seal Sells for $11.7 Million To an Asian Private Collector


Imperial Inscribed Documentary Wutong Qin from 1745 Sells for HK$55.5/US$7.2 Million, Setting the World Auction Record for a Qing Dynasty Musical Instrument

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Sales Bring Sotheby's Worldwide Wine Auction Total for the Last 30 Days to $19.5 million, Clearly Affirming Market Leadership


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