Auction Analysis: Hong Kong Modern and Contemporary Art Evening Sales – Autumn 2020

  • Analyst: Lindsay Dewar
  • Pages: 26
  • Access: Analyst

Hong Kong’s Evening Sales of Modern and Contemporary art set new record highlighting strength in the Asian market

Hong Kong’s evening sales of Modern and Contemporary art this Autumn season raised a total of HK$2.71 billion (US$349 million) against the total estimate of HK$2.02 billion to HK$2.90 billion. This was 25.7% higher than the total sales in Autumn 2019, and a new record season for the Hong Kong market. Despite the disruption caused by Covid-19 on a large part of the global art market, recent Hong Kong auctions demonstrate confidence at the top-end of the market, and the increasingly important role of Hong Kong as a global art market hub.

About this report:

This report presents an in-depth analysis of Modern and Contemporary art Evening sales at Christie’s, Sotheby’s and Phillips in Hong Kong, and provides a comparison of auction trends between the three auction houses. The analysis also provides analytical tools looking at annual trends between 2015 and 2020.

Who is it for?

This report is popular among dealers, auction houses and collectors, who want to get an in-depth understanding of the market trends in the Modern and Contemporary art auction market, and are looking for an analysis of the comparative performance between Christie’s, Sotheby’s and Phillips in 2019.

ArtTactic also offer bespoke reports on the Hong Kong Modern and Contemporary market. For further information please contact us on info@arttactic.com.

 


Analytical tools:
Comparable Performance: Modern and Contemporary art auction sales performance comparison between Christie’s, Sotheby’s and Phillips in Hong Kong including: Total sales vs Estimates and Average Prices
Auction Lot Details: Details on the full auction including:  hammer prices, guarantees, bought-in lots and winning paddle numbers.
Auction Overview: Top selling artist by value and numbers and a breakdown by type of Auction Bids.
Top 10 Prices: Ranking by the highest prices achieved and by top price-to-estimate performance.
Auction Guarantee Analysis: Auction guarantee breakdown and analysis for Christie’s, Sotheby’s and Phillips.

Hong Kong’s Evening Sales of Modern and Contemporary art defy the impact of Covid-19 with an increase of 1.1% from 2019