2019 Autumn Auction In Hongkong: A Steady Turnover. The New Collectors Prefer A Tidal Wave.

Gold in October and November, to the year of autumn shooting season in Hongkong.

Although the market is generally concerned about the current situation in Hongkong, this year's first round of the autumn battle, the auction house leader Sotheby's, with Hongkong, Hongkong and Hongkong, paulhams, has been far better than expected; the other leading Christie, who led the second round of autumn auction, won the best performance of Hongkong's late shooting in the "Twentieth Century and contemporary art night auction" and the two ad hoc special events; the twentieth Century and contemporary art and design auctions of Fu Yi Si auction house also created the highest turnover in Asia since its establishment. For auction house shareholders and collectors, these data have released a positive signal that is enough to make the art market reassuring.

It's another year in autumn in Hongkong. Visual China -

Changyu patting fire hot screen

Sotheby's Hongkong autumn auction ended in October 8th, with a total turnover of HK $3 billion 350 million this autumn. It was the sixth consecutive season with a total turnover of more than $four hundred million. In the 20 auction that lasted for five days, Sotheby's got a new owner for 3423 products, with an average turnover rate of 86%, and five final deals more than one hundred million Hong Kong dollars.

The performance of the modern art sector is the most brilliant, with a total turnover of 697 million Hong Kong dollars. Chang Yu's masterpiece, "bare leg girl", attracted four Tibetan collectors to compete fiercely, and finally traded in HK $198 million, which broke the artist's personal world auction record. Zhao Wuji made a total of ten works, and the Oracle period "21.04.59" was sold at HK $105 million. In addition, Qianlong Feng dance peony bottle performance is most eye-catching, won the top of all transactions with a price of HK $207 million.

Christie's 2019 autumn auction in Hongkong was held between from November 22nd to 27th and the 17 auctions on the 5 day, with a total turnover of HK $2 billion 630 million. This season, Christie's skillfully used the unprecedented auction strategy to set up the "Yoshitomo Nara's top masterpiece" waiting for the night to come "and the" HI-LITE "independent auction, which was carried out in November 23rd at the twentieth Century and Contemporary Art Evening auction. The three special venues produced 70 pieces of work together, and 61 successfully changed hands, with a turnover rate of 87.14% and 1 billion 60 million HK dollars.

The largest female nude theme painting, "five nude", which was expected to be hot before the film, was shot at HK $190 million. After seven and a half minutes of intense bidding, it was sold at HK $266 million, including a commission of HK $303 million. This not only greatly refreshes the world's auction record just recently created by artists, but also surpasses Wu Guanzhong's "Zhouzhuang" (HK $236 million), becoming the second highest price of Asian oil painting, which is second only to Zhao Wuji's "June 1985 to October" (HK $510 million).

New generation collectors lead market interest

According to The Observer, 25% of buyers of Sotheby's modern and contemporary art and Southeast Asian contemporary art auctions are under 40 years of age. In order to get close to the interest of this group of young collectors, many auctioneers have shown more popular trend of visual arts, such as street style, joint name, commercial design, cartoon and so on. With more and more new generation of collectors joining in, a number of works of art representing the international trend of the trend culture and the new generation of collectors have significantly strengthened prices in the autumn auction in Hongkong this season, and gradually showed the characteristics of leading the market interest.

Yoshitomo Nara, who has become one of the representatives of fashion culture, has almost become the biggest winner of this season. The products of the show are extremely diverse, ranging from paper work to sculpture and installation art. The transaction price is also very large, ranging from thousands of HK dollars to HK $100 million. The Sotheby's "behind the sword" was sold at HK $196 million, breaking the previous artist's personal auction record by nearly five times. The independent catalogue and independent special auction "waiting for the fall of the night", although not as expected to create a peak, just the lowest valuation of the hammer, plus a commission of HK $92 million 870 thousand, but the work has also moved into tens of millions of clubs, ranking second in Yoshitomo Nara's personal record.

Yoshitomo Nara, who belongs to the cartoon style with Liu Ye, was strong in the Hongkong autumn auction hall in 2019 and became a "Chinese force" that can not be ignored. In Sotheby's auction of contemporary art, Liu Ye's smoke attracted five collectors to compete and eventually traded in HK $52 million. On Christie's, three of his works, "Red 2", took 23 million 525 thousand Hong Kong dollars, up nearly four times the 4 million 840 thousand Hong Kong dollars three years ago; "Leave Me in the Dark (S)" was traded at HK $20 million 525 thousand, exceeding the estimated value of two times; "blue" was traded at HK $17 million 525 thousand, and it was over doubled. Painted in 1995, she did not hesitate to deal with Mondrian at HK $26 million 550 thousand in the Fu Yi Si racket. It was the fourth most expensive Liu Ye in the auction. It is easy to see that the "Liu Ye fever" in the Hongkong market has gradually become a climate. But critics of art believe that, compared with Yoshitomo Nara, who owns the global collection group, the contemporary Chinese art represented by Liu Ye is still on the market wait-and-see situation as a whole. There is also a commentary on the art network of Ya Chang: "Liu Ye's unique talent still can not hide the collective loss of Chinese contemporary art."

In addition, in the "Twentieth Century and contemporary art morning auction", the Tuan Pham collection of the "important Vietnamese art collection" was completed in 100%, and the total turnover exceeded 3 times the minimum price. The biggest black horse of that night was the atypical "monochrome painting" 05-IV-71 #200 (COSMOS) by Korean artist Jin Huanji. The work started from HK $40 million, and after several rounds of intense auction, the final Commission was HK $102 million. Not only did it create the artist's personal transaction record, it also became the most expensive Korean art in history. A look at the Asian market, the love of Asian contemporary art market preference is quietly sweeping the scene.

Last season's hot work creators, weeds and KAWS, showed relatively dull performances this season. Although it still ranked the ten highest auction products of the twentieth Century and contemporary art auction at Fu Yi Si auction house, the GMBKA of the grass was sold at a slightly higher than the estimated value of HK $7 million 710 thousand, while KAWS's "back talk" was traded at HK $7 million 590 thousand below the estimate. It can be said that the price of net red goods is changing steadily or falling down, which is inevitable after the heat wave recedes and the market returns to reason.

New measures to seek opportunities

Although the market is expected to be sluggish, it is impossible to prevent the growth of the big auction houses. Due to Sino US trade friction, more artworks were sent to Hongkong for zero tariff. The auction house also seized the opportunity to make preparations for the blockbuster and smooth trading channels ahead of schedule.

On the one hand, before the beginning of this autumn's Hongkong autumn auction, many auction houses brought a lot of treasures to the tour in China, which is comparable to a small art exhibition. On the other hand, on the choice of their products, they are willing to recruit the fashionable art tide of the market, and even launch the independent auction specially, integrate into the curatorial idea, and promote the blockbuster of the artists in a specific period. Therefore, they also win the positive feedback from buying home action. The 16 products sold by HI-LITE are 100%, with a total turnover of HK $88 million 735 thousand. In addition, as more buyers are expected to be able to bid remotely, the auctioneers also meet their needs by increasing the number of delegate seats and telephone lines. Sotheby's chief executive, Kevin Ching, used the data to confirm the "forethought" to the South China Morning Post: "although we found that the number of people taking part in the exhibition was reduced, the number of telephone bids and online bids increased by 17% and 44% respectively."

The quality and quantity of the products are excellent. We know that the collection and trading channels are unimpeded, and the price of the hammer is even higher. Therefore, this year's autumn auction in Hongkong, a number of auction houses expressed satisfaction. "It's a hard sell," said Francis Belin, President of Christie's Asia Pacific region. Regardless of the economic background or the current Hongkong environment, it has an impact on the market. But the achievement of HK $1 billion 60 million is not only the best result of Christie's Hongkong shooting in the past years, but also increased by nearly 20% compared with this year's spring shooting. The result is very satisfactory. Sotheby's chief executive, Tad Smith, also said: "Hongkong's autumn auction is another success. We can see that our clients are confident of Sotheby's and the strong demand of buyers. We anticipate that this momentum will continue in the important auction of New York in November this year and the following days.