Sotheby's Autumn 2016 Hong Kong Sale Series Achieves $282 Million

Major Sales in Asia in 2016 Reach $690 Million and Match 2015

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Oct 05, 2016, 04:06 ET

HONG KONG, Oct. 5, 2016 /PRNewswire/ -- "I am very pleased that Sotheby's Hong Kong sales demonstrated East Asia's resistance to uncertainty and softness in some Western markets and achieved the same full year sales this year as in 2015," commented Tad Smith, Sotheby's Chief Executive Officer. "East Asian confidence and bidding will be a very good thing for upcoming sales."

Kevin Ching, Sotheby's Chief Executive Officer in Asia, said: "The market this week was selective, but demand for the most desirable pieces remained robust and delivered some outstanding prices."

Auctions of Modern & Contemporary Asian Art Achieve $89.5 Million

Contemporary Japanese Works Continue to Perform Well Totaling $19.3 Million,
Exceeding the High Estimate

Contemporary Art Evening Sale Guest-Curated by Asian Pop Icon T.O.P Totals $17.4
Million, Exceeding High Estimate

Auction Attracted a New Generation of Bidders – 40% Were Below 40

Six Chinese Works of Art Sales Total $77.3 Million

A Highly Important Imperial Khotan-Green Jade Seal Sells for $11.7 Million
To an Asian Private Collector

Imperial Inscribed Documentary Wutong Qin from 1745 Sells for HK$55.5/US$7.2 Million,
Setting the World Auction Record for a Qing Dynasty Musical Instrument

Sale of 'Chinese Art through the Eye of Sakamoto Gorō' Fetches $6.5 Million, with
Every Lot Sold

Four Exceptional Wine Sales Bring $11 Million

The Asia Edition of the Magnum Decanter of Louis XIII Sells for $190,000 to a
Vietnamese Collector

Sales Bring Sotheby's Worldwide Wine Auction Total for the Last 30 Days to $19.5 million,
Clearly Affirming Market Leadership

Sotheby's Hong Kong to Host Exhibition of
Selected Highlights from Bowie/Collector ‪From 12-15 October

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*Estimates do not include buyer's premium and prices achieved include the hammer price plus buyer's premium.

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