We would like to express our deepest gratitude for your continuous support to Poly Auction Hong Kong. Our 2018 Spring Auctions was indeed an incredible success and we achieved a total sale of over HK$ 1.25 billion in 11 auction sales. 26 lots were sold at a price over HK$ 10 million. The overall result of Modern and Contemporary Art Sale achieved over HK$ 400 million, breaking the sales record of the department. Zao Wou-Ki’s two-meter large-scale painting Et la terre était sans forme sold for HK$ 182,900,000, making it the first art piece sold over HK$ 100 million in the Asian art market this year!
The preview and auctions were held on seven consecutive days. Masterpieces were presented in different sales. Modern and Contemporary Art achieved an overall result of HK$ 410 million. Zao’s masterpiece Et la terre était sans forme was sold at a record-breaking price of HK$ 183 million, which set a new record within Zao’s ‘oracle-bone period’ and is ranked as the second highest auction sales record for Zao’s works. The three auctions presented by Chinese Ceramics and Works of Art department achieved an overall result of HK$ 230 million. A Set of Six Imperial and Precious Seven Past Buddha Thangka was sold for HK$ 21,240,000, and A Very Important Finely Carved Wooden Bodhisattva was sold for HK$ 17,700,000. Two auctions of the Chinese Paintings department have achieved an overall result of HK$ 250 million. Cui Ruzhuo’s masterpiece Heavy Snow in the Mountain and River was sold for HK$ 82,600,000 and one of the four masters of the Yuan Dynasty Wang Meng’s Fishing in Green Depths was sold for HK$ 59,000,000.
Lastly, the five auctions presented by the Jewels and Prestige Collections department, including Magnificent Jewels, Important Watches, Nobel Handbags and Accessories, Important Wine and Whisky, and Vintage Moutai achieved an overall result of HK$ 360 million. A 10.22 carat fancy blue diamond and diamond ring with clarity V2 grade was sold for HK$ 44,840,000; 1983–1986 Kweichow Moutai Spirit’s “Gold Wheel” Brand (Cotton paper Local State-Run) was sold for HK$ 2,242,000; Richard Mille’s limited edition of black coated Titanium and Nano-ceramic Tonneau-shaped skeletonised mechanical wristwatch with skull tourbillion, RM52-01, was sold for HK$6,490,000; and a 2015 Hermès matte white Himalayan Niloticus Crocodile Birkin 35 with Palladium hardware was sold at a high price of HK$ 826,000.
We would like to express our thankfulness once again. We are now accepting consignment to our 2018 Autumn Auctions. In the following few months, our specialists will be collecting works of art across the globe. Free counselling and valuation services will be provided. We are dedicated to providing the best to our global collectors in the upcoming Autumn Auctions and are looking forward to creating a new record with your witness.