HK Autumn 2013 Roundup Beijing December 2013

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Press Release Hong Kong For Immediate Release Hong Kong | Rhonda Yung | +852 2822 8143 | rhonda.yung@sothebys.com | Winnie Tang | +852 2822 8129 | winnie.tang@sothebys.com Carmen Ting | +852 2822 8140 | carmen.ting@sothebys.com | Ruby Hung | +852 2822 8146 | ruby.hung@sothebys.com London | Matthew Weigman | +44 (0)20 7293 6000 | matthew.weigman@sothebys.com New York | Dan Abernethy / Lauren Gioia | +1 212 606 7176 | dan.abernethy@sothebys.com / lauren.gioia@sothebys.com AS SOTHEBY’S SALES REA
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  For Immediate ReleasePress Release Hong Kong  AS SOTHEBY’S SALES REACH HIGH WATERMARK IN ASIA,THE COMPANY ANNOUNCESGROUND-BREAKING SERIES OF ARTS EVENTSIN BEIJING IN DECEMBER SOTHEBY’S HONG KONG ACHIEVES HIGHEST-EVER SALE SERIESBY A GLOBAL ARTS BUSINESS IN ASIAFIVE-DAY AUTUMN SALE SERIES (4 TO 8 OCTOBER 2013) REALISESHK$4.196 BILLION / US$538 MILLION3,162 LOTS SOLD IN FIVE DAYSSOTHEBY’S ANNOUNCES    A MAJOR AUCTION OFMODERN & CONTEMPORARY CHINESE ART IN BEIJING,   SELLING EXHIBITIONS, EDUCATIONAL PROGRAMMEFROM 28 NOVEMBER - 1 DECEMBER 2013SEMINAL WORK BY ZAO WOU-KIFROM THE COLLECTION OF THE ART INSTITUTE OF CHICAGOTO LEAD SOTHEBY’S AUCTION IN BEIJING Hong Kong | Rhonda Yung | +852 2822 8143 | rhonda.yung@sothebys.com | Winnie Tang | +852 2822 8129 | winnie.tang@sothebys.comCarmen Ting | +852 2822 8140 | carmen.ting@sothebys.com | Ruby Hung | +852 2822 8146 | ruby.hung@sothebys.com London | Matthew Weigman | +44 (0)20 7293 6000 | matthew.weigman@sothebys.com New York | Dan Abernethy / Lauren Gioia | +1 212 606 7176 | dan.abernethy@sothebys.com / lauren.gioia@sothebys.com  Hong Kong, 8 October 2013 Today brought the curtain down on a remarkable five-day run of 16 record-breakingauctions staged by Sotheby’s in Hong Kong, with numerous new benchmarks set in many categories. Together theyrealised HK$4.196 billion / US$538 million, the highest grand total ever achieved by any global arts business operatingin Asia.In the wake of these exceptional results, Sotheby’s today unveils the top lot from its December sale in Beijing, thecompany’s second auction in mainland China. Estimated at RMB 35 – 45 million / US$5.7 – 7.3 million, and consignedto sale by a prestigious American institution,  Abstraction by Zao Wou-Ki comes to the market as demand for the artist’swork is at an all-time high (Sotheby’s set a new record of US$10.9 million just two days ago in Hong Kong). Highest-Ever Sale Series by a Global Arts Business in Asia World Auction Record For Contemporary Asian ArtWorld Record For A Work By A Living Chinese ArtistZeng Fanzhi’s The Last Supper Sold for HK$180.44 million / US$23.1 millionWorld Auction Record For A White DiamondA 118.28-Carat Oval D-Colour Flawless DiamondAchieves HK$238.68 Million / US$30.6 Million (pictured left) World Auction Record For A Chinese Sculpture   A Massive Ming Gilt-Bronze Figure Of A SeatedShakyamuni Buddha Sold For HK$236.44 Million /US$30.3 Million (pictured right) Patti Wong, Chairman of Sotheby’s Asia , said: “With these, our 40 th Anniversary sales in Hong Kong, we’ve taken thepulse of the Asian art market – it’s racing, and we are racing with it. Sotheby’s Hong Kong Autumn 2013 sale seasondemonstrates the importance of Hong Kong as an international selling centre: we sourced exceptional properties from44 countries and worldwide bidding was evident as clients from 41 countries participated. Our reach extends in Asia witharound 15% of the clients who participated in this sale series new to Sotheby’s.In our Hong Kong sale rooms these last few days, countless records have tumbled, sale after sale has made more thanany previous auction of its kind, and now – with a final total of HK$4.196 billion / US$538 million – we’ve reached ahigh watermark for auctions in Asia. From this vantage point, we now look with a keen eye towards Beijing, the capitalof China and centre of its art market, where our December auction will be led by a rare work by Zao Wou-ki consignedby an important American institution.”    Sotheby’s Brings Major Series of Arts Events to Beijing Speaking of Sotheby’s Beijing, Kevin Ching, ChiefExecutive Officer of Sotheby’s Asia , said: “Taking fulladvantage of the vibrant arts scene in the capital of China,Sotheby’s is delighted to announce our plans to mount anexciting and comprehensive series of arts events in Beijingthat we have tailored to appeal to both new and establishedChinese collectors and our clients. Timed to the height of Beijing’s prime sales season, these will commence on 28November with selling exhibitions and an educationalprogramme and will culminate in a major auction of Modern & Contemporary Chinese Art on 1 December.Continuing Sotheby’s tradition of bringing great works of art to market, the sale will be led by Abstraction , a 1958 painting by Zao Wou-ki, one of the leading Chinese artists of his generation. The work (separate release available; pictured above), which has a pre-sale estimate of RMB35 - 45million / US$5.7 – 7.3 million*, comes from the collection of the Art Institute of Chicago, one of the foremost museumsin the United States. There is no question that such an important work from a key period in the artist’s oeuvre and with aparticularly distinguished provenance will generate immense interest among discerning collectors worldwide. TheDecember auction, Sotheby’s second in the capital city of China, will be the culmination of the Company’s celebrationof its 40 th Anniversary in Asia.” Sotheby’s Commitment to Beijing Mr. Ching continued, “Sotheby’s commitment to Beijing arises from the capital’s pre-eminence as the arts centre of China: four of the top five auction houses are located in Beijing; virtually all of the top Chinese artists and the vastmajority of leading art galleries are Beijing-based.”   Sotheby’s Comprehensive Arts Events in Beijing   (More details to be announced)   Venue: China World Summit Wing Beijing AUCTION (1 December)Auction of Modern andContemporary Chinese Art   A major auction of Modern and Contemporary Chinese Art will be led by a rare work,  Abstraction, by Zao Wou-ki   (est. RMB 35 – 45 million / US$5.7 – 7.3 million). SELLING EXHIBITIONS (28 November – 1 December)   The Third Edition of ModernMasters*  Following the success of the inaugural selling exhibitions of Modern Masters in 2010 andin 2012* in Hong Kong, Sotheby’s is delighted to present the third edition of this series inBeijing, which focuses on depictions of the figure. Over the ages, the depictions of thefigure were always the most highly prized and considered the most significant in Westernart. The third installment of Modern Masters provides a glimpse at the evolution of therepresentation of the figure from the mid-19 th century symbolism of Gustave Moreauthrough Barbizon school works by Jean-Baptiste-Camille Corot to classic Impressionistpieces by Renoir and Toulouse Lautrec. Age of Elegance* Sotheby’s Hong Kong presented Age of Elegance, a selling exhibition of EuropeanPaintings, Furniture and Works of Art from the nineteenth-century at the Company’s HongKong Gallery last November. The exhibition marked the first occasion Sotheby’s offeredEuropean decorative arts for sale in Asia. The second edition of this selling exhibition willbe brought to Beijing, showcasing the artistic and technical excellence that flourished in theEuropean decorative arts in the nineteenth century. SOTHEBY’S DIAMONDS Sotheby’s is pleased to present once again important diamonds and stunning contemporarydiamond jewellery from SOTHEBY’S DIAMONDS. Collectors and connoisseurs in theregion will have an opportunity to acquire rare gems and beautiful jewels from a diverserange of styles. (Details to be announced)   AUCTION PREVIEW (28 November – 1 December) Highlights of the New York sale of Important Old Master Paintings will be exhibited. EDUCATIONAL PROGRAMMES (28 November – 1 December) A series of educational programme, including open-to-the-public lectures, panel discussion and other components, organised bySotheby’s Institute will also be held to promote art appreciation MORE EVENTS AND EXHIBITIONS TO BE ANNOUNCED *Both selling exhibitions - Modern Masters and Age of Elegance - will travel to Hong Kong in January 2014. NOTES TO EDITOR 1)   Sale Statistics For Reference Sotheby’s Hong Kong Autumn 2013 Sale season demonstrates the importance of Hong Kong as an international selling centre:    We sourced property from 44 countries and worldwide bidding was evident as clients from 41 countries participated.    Around 15% of clients in this sale series were new to Sotheby’s, with many new clients from mainland China. 2)   Totals Of Sotheby’s Hong Kong Recent Sale Series    Sotheby's HK Spring 2013 Sale Series was HK$2,184,786,300 / US$280,100,808    Sotheby's HK Autumn 2012 Sale Series was HK$2,045,444,301 / US$262,236,449
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