Hong Kong Spring Auctions 2023

  • Event date 24 May - 1 June
  • Event location Hong Kong

Christie’s Hong Kong Spring Auctions Total HK$3.0B / US$386M*. Over 1/3 of Lots Sold Over High Estimate

Christie’s 2023 Hong Kong Spring Auctions were held at the Hong Kong Convention and Exhibition Centre from 24 May to 1 June, and achieved a combined sale total of HK$3.0 B / US$386M*, with 27 auction records set across art and luxury and 61 lots achieved over HK$10M. Competitive bidding was witnessed across the auctions, with worldwide participation from 48 countries across 6 continents, and record-breaking auction livestream viewership of over 35M.

* Totals include low estimate + buyer’s premium of spring online auctions which conclude in June
See Hong Kong Spring Auctions Market Reports

The 20th/21st Century Art sales realised HK$1.24B / US$159M, presenting a diverse curation of outstanding Eastern and Western works by established and emerging artists. Masterpieces by Jean-Michel Basquiat and Yayoi Kusama, as well as the Christie’s Asia debuts of major works by Jeff Koons and René Magritte, each achieved over HK$50M / US$6.4M. A strong foundation was laid for the show-stopping Post-Millennium Evening Sale collaboration with global megastar Jay Chou this autumn.

Luxury had an outstanding and marketing-leading season. A historic year for Watches continued with 11 auctions records for references, including a Patek Philippe Ref. 2523J, which totalled HK$66.6M / US$8.5M. Among the exceptional results for Jewellery was a spell-binding trio of flawless coloured diamonds, which together reached HK$131M /US$17M. Handbags retained its Asia market leadership with superb results for iconic Hermes designs, and Wine and Spirits had an excellent season, including an enthusiastic response to esteemed single-owner collections.

There were a multitude of successes for Asian Art. Chinese Ceramics and Works of Art was led by a Qianlong Period Extremely Rare Doucai ‘Dragon’ Moonflask, which realised HK$108M / US$13.8M, and was the top lot of the Spring Auctions. Almost 40% of lots sold above high estimate in the two Chinese Paintings auctions, and Qiu Ying’s Celestial Mountains and Pavilions, which achieved HK$31.2M/ US$4M, was the highest value lot for the category.

We continue to share magnificent art and luxury and empower collectors beyond our sales – this season, three beautifully curated non-selling exhibitions were presented: ‘An Exhibition of Important Chinese Jades from the Robert Chang Collection’, ‘The Foh Collection of Chinese Paintings’, and ‘Buddhist Art Along the Chinese Silk Road’.

We are extremely appreciative of your invaluable and continued support, and we would not have achieved these results this season without it. We would like to express our deepest gratitude, and look forward to welcoming you to our auctions and events throughout the rest of the year.
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