Exhibited in Garden of Pleasure: Sex in China, Hong Kong. Exhibited in Gardens of Pleasure: Sex in Ancient China, Sotheby's Hong Kong.

 

Sotheby's has not only focused on attracting Asian collectors but has attracted bidders from farther afield to the Asian market. The auction house reports that 22% of bidders were new clients and that bidders from 56 countries were active in the period. Asian clients' participation in international salerooms, both as bidders and buyers has also increased. Average sell-through rate was strong at 91%.

 

Song Yige, They. Song Yige, They.

 

Accelerating sales beyond the twice annual-series of auctions Sotheby's has introduced mid-season sales, selling and non-selling exhibitions in their Hong Kong gallery - holding seven exhibitions including Gardens of Pleasure: Sex in Ancient China which attracted thousands of visitors, and Song Yige: Another Dimension where every work by the Beijing- based, post-80s-generation Contemporary artist found a buyer. New categories have also been pioneered such as in the Contemporary Literati sale in Hong Kong in April that achieved $6.7 million, including ink paintings, exquisite natural objects and bonsai.  Interest has also been drawn by putting select highlights from major London, New York, Paris and Geneva sales on view in Hong Kong.

 

The Ming-era Meiyintang Chenghua 'Chicken Cup' was sold for a record breaking $36.05 million in Hong Kong on April 8, 2014. THe buyer was a collector from Mainland China. The Ming-era Meiyintang Chenghua 'Chicken Cup' was sold for a record breaking $36.05 million in Hong Kong on April 8, 2014. THe buyer was a collector from Mainland China.

 

More than 20 world auction records were set, capped by the exceptional Meiyintang "Chicken Cup" which established a World Auction Record for Chinese Porcelain. Sotheby's achieved six of the top 10 artwork prices in the Asian auction market, most are Western contemporary works.

Kevin Ching, Chief Executive Officer of Sotheby's Asia, commented on the excellent results of the past six months: "Fuelled by robust demand for art in Asia, Sotheby's strong performance was driven by two factors: our ability to source the best and rarest properties from the world's great collections as well as expertise in curating sales that appeal to discerning art lovers at all levels of the market by creating opportunities to experience the magic of collecting."

Sotheby's has sale rooms in Hong Kong and Beijing and representatives in Thailand, Korea, Taiwan, Malaysia, Singapore, Japan and India.

See more from Sotheby's Asia here.

 

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