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Chinese Painting Leads $344 Million Sotheby's Asia Sale

  • Results are below record $540 million sale two years ago
  • Auction included wine, watches, Asian art, jewelry, ceramics
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Chinese appetite for Qing and bling helped Sotheby’s sell HK$2.7 billion ($344 million) worth of Asian art, watches and jewelry at a five-day sale that ended in Hong Kong on Wednesday evening.

The results exceeded Sotheby’s low estimate of $295 million, yet were below the record $540 million the New York-based auction house sold in Hong Kong two years ago when the Chinese economy was stronger.