Christie’s Hong Kong exceeds expectations

ArtTactic's Auction Analysis Reports summarise and analyse recent auctions from the key auction houses for each specific geographical region. By collecting and graphing data including volume of sales, average price and bought in rates, the reports are able to judge the success of auctions by comparing the final results to pre-sales expectations.
This June 2010 report profiles Christie's Hong Kong's May 2010 Chinese sales. After a successful round of sales by Sotheby’s Hong Kong in April 2010 – Christie’s Asian Contemporary and Chinese 20th Century May 2010 sales, confirmed that the market has moved from a period of recovery to a market that has started to experience strong pick-up in demand and accelerating growth. Current trends set out the possibility that the overall contemporary Chinese volume in 2010 might come close to reaching the previous high levels witnessed in 2007 prior to the global financial crisis.