Auction Analysis: Hong Kong Modern and Contemporary Art Evening Sales – November 2019
- Analyst: Lindsay Dewar
- Pages: 18
- Access: Analyst
Hong Kong’s Evening Sales of Post-War and Contemporary art buck the recent international trend with an overall increase of 52.9% from 2018
Hong Kong’s evening sales of Modern and Contemporary art this autumn raised a total of HK$2.156 billion against the total estimate of HK$1.77 billion to HK$2.70 billion. This was 160% higher than the total sales last autumn, and ends the year 52.9% higher than the 2018 total.
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 2016 and 2019.
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.
Key Findings:
French-Chinese artists dominate the season: Sanyu raised HK$516.5 million and Zao Wou-Ki a further HK$332.5 million, with both artists accounting for 39.4% of the total evening sales this season.
Sotheby’s retains its leading market share: Sotheby’s market share was 50% this season, ahead of Christie’s market share of 42% and Phillips increased its market share to 8% this season.
ArtTactic also offer bespoke reports on the Hong Kong Modern and Contemporary market. For further information please contact us on info@arttactic.com.