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

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 Million; Auction Record for the Artist; Purchased By Long Museum, Shanghai

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

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

News provided by

Sotheby's

Apr 06, 2016, 11:23 ET

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.

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