Pursuits
Bordeaux, Ming Demand Cools as Hong Kong Sale Tops $370 Million
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A Ming dynasty flask joined cases of Bordeaux wines and Chinese paintings on the unsold list as Christie’s International wrapped up a six-day Hong Kong auction marathon that raised more than HK$2.84 billion ($370 million).
Record prices for some lots were balanced by muted bidding as the Asian art market’s growth slows. Tight money in China and economic concerns reduced enthusiasm, said dealers.