Weeks Auctions December 2016 : what’s up about Hong Kong

As every year, December is an important period for worldwide art market. From London to New York, passing by Paris and Hong Kong, Art auctions recaps trends of this year, and form the pattern of next trends of next year. What’s up about Hong Kong, important seat of asian art market ?

According to Christie’s Hong Kong, auctions of December 2016 have achieved a combined total of HK$2.436 billion and set a series of world records for iconic artists. The results continued to acknowledge the region’s status as a global centre of art and culture.

Celebrating Christie’s 250th anniversary, the Hong Kong Autumn auctions attracted almost 30,000 visitors to the HKCEC (Wan Chai, Hong Kong), for a series of groundbreaking sales that were enthusiastically received by international collectors.

Better sold artists ?

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SANYU (Chang Yu, China, 1901-1966) “Chrysanthemums in a Glass Vase” Sold at auction HK$103,580,000 ( $13,412,854) Photo credits : Christie’s Hong Kong

The record of December 2016 is the lot “Chrysanthemums in a Glass Vase” painted by Sanyu, which realised HK$103,580,000 / $13,412,854. World auction records were set for 21 artists, including modern masters such as Chu-teh Chun, Lin Fengmian and Atsuko Tanaka. Results from the auctions demonstrate that Contemporary and Modern artists from Vietnam, Japan, China, the Philippines, Indonesia, Malaysia and Korea continue to gain prominence on the world stage.

In 2016, Christie’s commitment to selling and exhibiting international works of art in Asia has been seen with the Picasso exhibition in Beijing, the unveiling of the world’s most expensive Monet in Hong Kong.

Rebecca Wei, President of Christie’s Asia told about this :
The week of sales attracted both new and long-standing buyers across price levels, styles, media and periods, testifying to the increasingly cross-category and international tastes of collectors in the region. Christie’s Hong Kong saleroom continues to grow into a global epicentre of art and culture

Recall according to the latest report of Artprice, currently Asia has the first place of the worldwide art Market. Looking forward to future sales.

 Sources : Christie’s Hong Kong