Christie’s sets record with Asia art sales, eyeing more

Updated Saturday, May 31, 2008 0:00 am TWN, Reuters

Christie’s sets record with Asia art sales, eyeing more

HONG KONG -- Global auction house Christie’s sold a record US$310.7 million worth of Asian art at its Hong Kong spring sales this week, cementing the region’s reputation as one of the most promising in a thriving international market.

The tally was Christie’s highest ever for an Asian sales series and a 58 percent increase on the same event last year.

The auctions featured a characteristic smattering of record results in various categories of artwork, anchored by an especially strong showing of Chinese and Asian contemporary art.

“The results of our Hong Kong spring sales highlight the importance of Asia for Christie’s and the potential that this region offers,” said Edward Dolman, CEO of Christie’s International.

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