Press Release  October 11, 2019

Next-Gen Buyers Drive Successful Sotheby’s Hong Kong Sales

Courtesy Sotheby's

The autumn sales series at Sotheby’s Hong Kong attracted a new generation of art collectors, with 25% of all buyers aged under 40 years old. 20 auctions held over five days achieved US $426 million–the sixth consecutive Hong Kong series to exceed US $400 million. A record series of Contemporary Art sales was led a monumental Yoshitomo Nara canvas that sold for nearly five times the artist’s previous auction record. Liu Ye’s ‘Smoke’ from The Gillion Crowet Collection was another record-setter, while the Modern Art category was led by a record-breaking final masterpiece by Sanyu and 10 works by Zao Wou-Ki. Consignor confidence and strong buyer demand was in evidence across all categories, including Wine, Watches, Jewellery, Chinese Works of Art and Chinese Paintings.

Subscribe to our free e-letter!

Webform

Latest News

How Art Reflects the Changing History of Medicine

In April, art institutions began honoring the medical profession by showcasing works from their collections under the hashtag #MuseumsThankHealthHeroes. As we cheer the heroic efforts of frontline

Should the Uffizi's Religious Art be Returned to Churches?
Eike Schmidt, the director of the Uffizi Gallery in Florence since 2015,…
The Surprising History of the Smiley Face
For a design so simple, the history of the smiley face is surprisingly long and…
Artists Honor George Floyd
As protests surrounding the death of George Floyd have erupted across the US…
2 Minute Movies Bridges Music and Filmmaking
A new collaboration between Maroon 5’s Jesse Carmichael and artist Paul Davies…