Record-Breaking Song Ceramic Lifts Sotheby’s $316 Million Sale
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Sotheby’s set a world auction record for a Song dynasty ceramic as part of its Hong Kong Spring sale, which raised an above-estimate HK$2.46 billion ($316 million).
Chinese buyers are continuing to buy luxury goods such as paintings, jewelry, wine, watches and ceramics, even as economic growth slows. The five-day event had been estimated by the New York-based auction house to raise a total of HK$1.9 billion at hammer prices.