Surprising Sales in Hong Kong

The results of the 2010 Christie's Hong Kong auction are the new buzz in the Asian art collecting world!  It was a record breaking season for Chinese jewelry, paintings, and other works of fine art.  The auction recorded its most successful season.  Its total sales came to roughly $414 million in U.S. dollars.  As it turned out, this was a 41% increase over the Spring 2010 auction.  It was also a staggering 95% increase over the Autumn 2009 sale!  Thirty five new world auction records were achieved across all the major collecting categories.  Sixty nine lots were sold above $1 million.

These are very impressive financial figures for the Asian art collecting industry in any part of the world.  In 2010 Chinese art auctions proved to be more than lucrative than ever before.  So Hong Kong leads the way as the most dynamic center for Asian art.  The mindset of the Chinese collector is the desire to have the very best piece of art possible.  From the record number of sales at Christie's Hong Kong, this collector seems to not mind paying for the luxury.  This is truly a historic and exciting time for the serious Asian art collector!

Harlan Urwiler

For more information, feel free to visit my website at: http://www.myorientalgallery.com/.