RECORD-BREAKING
SOTHEBY’S
When it came to glamour, luxury, and sales figures that looked like telephone numbers, nothing beat the headline making sales at Sotheby’s Hong Kong this past year, particularly at the new retail outpost, the auction house’s maison in the heart of Central. The range on offer at the 24,000-square-foot space, designed by Dutch architecture firm MVRDV, split the house into sub-sectioned salons, where you saw diversity and choice at their shimmering best.
In a remarkable year for Sotheby’s, the standout sale was the auction debut of Mark Rothko’s Untitled (Yellow and Blue) from 1954, which fetched an impressive HK$252.5 million. This landmark transaction positions Rothko as the third most valuable Western artist to be auctioned in the region, surpassing initial estimates of HK$225 million to HK$275 million.
Among other notable sales, Zhang Daqian’s Red Robe Avalokiteshvara emerged as the leading lot in Chinese art, commanding a respectable HK$77.5 million from the Leshantang collection, with estimates ranging from HK$22 million to HK$30 million.
Looking ahead, Sotheby’s will host a Modern and Contemporary Evening auction in spring 2025 in Hong Kong, followed by an expected roster of auctions, events, and previews for watches, jewellery, and Chinese art and antiquities, but it’s the surprises in-store that you can most anticipate, as the new heads and team members promise events worth waiting for. Consider our breaths bated.
Read more here at Robb Report Hong Kong.
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