Market Overview

Sotheby's (NYSE: BID) Hong Kong Spring Auctions Total HK$3.1 Billion / US$405.5 Million

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Series Exceeds High Estimate

Sales Up 17% Compared To April 2015

Peach Blossom Spring by Zhang Daqian Sells For HK$271 Million / US$34.7 MillionAuction Record for the ArtistPurchased By Long Museum, Shanghai

De Beers Millennium Jewel 4 Sells ForHK$248.3 Million / US$31.8 MillionRecord for a Jewel Sold At Auction In Asia

The Pilkington Collection of Chinese Art TotalsHK$502.8 Million / US$64.5 MillionDouble High Estimate

NEW YORK, April 6, 2016 /PRNewswire/ --

"Our salesrooms were full of Chinese buyers, paddles shot into the air, and records tumbled all week long.  If this is what a correction feels like, then I sure hope we have one in the autumn too, because our sales are up 17% over last spring."
- Kevin Ching, Chief Executive Officer, Sotheby's Asia

"Sotheby's extraordinary success this past week derived from our unrivalled ability to source fresh and stunning works from all corners of the earth that appealed to the buyer in Asia."
- Patti Wong, Chairman, Sotheby's Asia

TOP LOTS

ZHANG DAQIAN, PEACH BLOSSOM SPRING
SPLASHED-INK-AND-COLOUR ON PAPER, HANGING SCROLL, 1982
EST. HK$6.5 – 8.4M / US$50 – 65M
SOLD: HK$270,680,000 / US$34,901,479

'DE BEERS MILLENNIUM JEWEL 4', A 10.10–CARAT OVAL–SHAPED INTERNALLY FLAWLESS FANCY VIVID BLUE DIAMOND
EST. HK$235 – 280M / US$30.3 – 36.1M
SOLD: HK$248,280,000 / US$31,830,769

A FINE, OUTSTANDING AND RARE BLUE AND WHITE MOONFLASK, BIANHU
MING DYNASTY, YONGLE PERIOD
EST. HK$25 – 35M / US$3.2 – 4.5M
SOLD: HK$110,520,000 / US$14,248,238

A FINE, MAGNIFICENT AND EXTREMELY RARE BLUE AND WHITE HOLY WATER VESSEL
MING DYNASTY, YONGLE PERIOD
EST. HK$35 – 45M / US$4.5 – 5.8M
SOLD: HK$99,320,000 / US$12,806,321

QING DYNASTY, KANGXI PERIOD, SEAL OF THE MANDATE OF HEAVEN
ESTIMATE UPON REQUEST
SOLD: HK$92,600,000 / US$11,937,992

AN IMPORTANT AND RARE BLUE AND WHITE 'PALACE BOWL'
MING DYNASTY, CHENGHUA PERIOD
EST. HK$50 – 70 M / US$6.4 – 9 M
SOLD: HK$64,600,000 / US$8,282,051

WANG HUAIQING, FEET 2 (DIPTYCH)
OIL ON CANVAS, 1999
EST.HK$30 – 40 M / US$ 3.8 – 5.1 M
SOLD: HK$54,520,000 / US$6,989,744

AN IMPERIAL SOAPSTONE 'YUANJIAN ZHAI' SEAL,
QING DYNASTY, KANGXI PERIOD
ESTIMATE UPON REQUEST
SOLD: HK$48,920,000 / US$6,271,795

XU BEIHONG, THE SLEEPING VENUS
OIL ON CANVAS, 1920 - 1921
EST. HK$40 – 60 M / US$5.1 – 7.7 M
SOLD: HK$46,680,000 / US$5,984,615

ZHANG DAQIAN, ALISHAN IN OBLIQUE SUNRISE
SPLASHED-INK-AND-COLOUR ON PAPER, FRAMED, 1980
ESTIMATE UPON REQUEST
SOLD: HK$44,440,000 / US$5,697,436

SPRING 2016 SALES SERIES TOTAL


Low Est.

High Est.

Total

HK$

2,219,546,500

2,992,351,500

3,142,785,575

US$

286,393,097

386,109,871

405,520,719

*Estimates do not include buyer's premium.

FOR MORE NEWS FROM SOTHEBY'S

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Sotheby's has been uniting collectors with world-class works of art since 1744.  Sotheby's became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby's presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby's BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby's offers collectors the resources of Sotheby's Financial Services, the world's only full-service art financing company, as well as private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Contemporary Art department, and two retail businesses, Sotheby's Diamonds and Sotheby's Wine. Sotheby's has a global network of 90 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).

Images are available upon request
All catalogues are available online at www.sothebys.com

Winnie Tang | winnie.tang@sothebys.com |+852 2822 8129
Lauren Gioia | lauren.gioia@sothebys.com | Dan Abernethy | dan.abernethy@sothebys.com | +1 212 606 7176

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sothebys-nyse-bid-hong-kong-spring-auctions-total-hk31-billion--us4055-million-300247148.html

SOURCE Sotheby's

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