Christie's $335 Million Hong Kong Sale Is 16% Below EstimateBy
Economic uncertainty, anti-corruption drive hurt China demand
Sales slump reflects wider slowdown in luxury spending
Christie’s International Plc sold HK$2.6 billion ($335 million) at its six-day Autumn sales in Hong Kong that ended Wednesday night, 16 percent below what the auction house had estimated it would earn, as Chinese buyers held back on purchases of contemporary art, ceramics and wine.
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