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

Shredded Banksy Sells Again & Sets a $25.4 Million Record
On Thursday, October 14, one of Banksy’s most iconic artworks—a self-…
"New Glass Now" at the Renwick Gallery Shatters Status Quo
The exhibition New Glass Now offers a global survey highlighting the innovation…
Life After B.O.B: Ian Cheng’s Wild 21st Century Take on Free Will
An exercise in world-building that’s as dense as Life After B.O.B. can only be…
Sotheby's to Offer Collection of Prescient Hollywood Producer
This November, works from the collection of esteemed art collector and…
The Life and Art of Michelangelo
Despite his roots as a sculptor, Michelangelo was frequently commissioned to…