We would like to express our deepest gratitude for your continuous support to Poly Auction Hong Kong. Our 2018 Spring and Autumn Auctions were an incredible success. We achieved a total sale of over HK$2.3 billion in a total of 27 sales, in which a wide range of exquisite collections from Modern and Contemporary Art, Chinese Paintings, Chinese Ceramics and Works of Art, and Jewels and Prestige Collections departments were presented.
In the Modern and Contemporary Art sale, Zao Wou-Ki’s large-scale two-meter painting Et la terre était sans forme sold for a stunning price of HK$182,900,000, setting a new record within Zao’s “oracle-bone period”, and becoming the first piece sold over HK$100 million in the Asian art market in 2018. The eight carefully selected and curated works in the Richard Lin series, covering the diversity of his creative works, were all sold greatly exceeding their estimates. January 1967, the artist’s largest existing work in the hands of private collection created in the ’60s, started at HK$4 million and was sold for HK$7,670,000.
The Chinese Ceramics and Works of Art department presented a series of sales. 32 lots from the “Inheritance—A Selection of Important Chinese Art from the Ever Concord” sale were all sold at exceptional prices, fetching over HK$40 million in total. A Gilt-Bronze Figure of Seated Shakyamuni, Yuan or Early Ming Dynasty, 14th-15th Century, fetched HK$14,160,000, 14 times that of the lower estimate. An Extremely Rare and Important Blue-and-White ‘Lychee’ Moon Flask from Yongzheng Period started at HK$6,600,000 and was sold for HK$14,160,000.
The Chinese Paintings department continued to present exquisite artworks across centuries, fetching a total sale of over HK$500 million. Wu Guangzhong’s iconic works Li Jiang River and Plum Woods were sold for HK$12,390,000 and HK$10,620,000 respectively. A masterpiece by Cui Ruzhuo Heavy Snow in the Mountain and River was sold at a high price of HK$ 82,600,000.
The Jewels and Prestige Collections Department revealed an impressive variety of supreme-level jewels including splendid jadeite, luxurious watches, noble handbags, and important wines and whisky. An 8.5 Carat Fancy Intense Purplish Pink Diamond and Diamond Ring led the Magnificent Jewels sale with a price of HK$73,160,000; the much-anticipated Philippe Sky Moon Tourbillon 6002 (Ref. 6002G) with twelve complications fetched an exceptional HK$21,240,000 after rounds of bidding. Collectors were spoiled with a collection of extremely rare handbags, including a rare Hermès 2014 Matte White Himalayan Niloticus Retourne Kelly 28, which soared for HK$1,628,400. Karuizawa 50 – 1965 Streams of Time #8852 went for 885,000 HKD in the Important Wine and Whisky sale, three times that of its lower estimate.
Our 2019 Spring Auctions will be held concurrently with Art Basel Hong Kong in late-March 2019. We are now accepting consignment to our 2019 Spring Auctions and are looking forward to new opportunities of collaboration with our old and prospective clients. In the upcoming few months, our specialist team will be on consignment tours across the globe. Free counselling and valuation services will be provided. We are dedicated to providing the best to our collectors worldwide and are looking forward to creating a new record with your witness.