Pursuits
Sotheby’s Sale Marathon Totals $450 Million on Chinese Bids
This article is for subscribers only.
Sotheby’s eight-day Hong Kong marathon ended today with HK$3.49 billion ($450 million) sales, as mainland buyers paid top prices for the rarest items.
Chinese millionaires competed for fine wines, contemporary Asian paintings and rare porcelains, pushing the series above its estimate of HK$2.67 billion. It had 3,600 lots, about 1,000 more than last April’s auction in the city that took a record HK$2 billion, beating an estimate of HK$1.3 billion.