Sotheby's Autumn 2016 Hong Kong Sale Series Achieves $282 Million

HONG KONG, Oct. 5, 2016 /PRNewswire/ -- "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."

Auctions of Modern & Contemporary Asian Art Achieve $89.5 Million

Contemporary Japanese Works Continue to Perform Well Totaling $19.3 Million, Exceeding the High Estimate

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Contemporary Art Evening Sale Guest-Curated by Asian Pop Icon T.O.P Totals $17.4 Million, Exceeding High Estimate

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

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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

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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

Sale of 'Chinese Art through the Eye of Sakamoto Gorō' Fetches $6.5 Million, with Every Lot Sold

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Four Exceptional Wine Sales Bring $11 Million

The Asia Edition of the Magnum Decanter of Louis XIII Sells for $190,000 to a Vietnamese Collector

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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Sotheby's Hong Kong to Host Exhibition of Selected Highlights from Bowie/Collector ‪From 12-15 October

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Sotheby's has been uniting collectors with world-class works of art since 1744. Sotheby's became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby's presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby's BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby's offers collectors the resources of Sotheby's Financial Services, the world's only full-service art financing company, as well as private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Contemporary Art department, and two retail businesses, Sotheby's Diamonds and Sotheby's Wine. Sotheby's has a global network of 90 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).

*Estimates do not include buyer's premium and prices achieved include the hammer price plus buyer's premium.

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SOURCE Sotheby's