Now that summer is coming to an end, major auction houses are again gearing up for the upcoming autumn auction season. As Jing Daily covered extensively during the spring auction season, driven by the desire to diversify their holdings, as well as concerns about property values and inflation, we can expect new mainland Chinese collectors to dominate many auction segments in Hong Kong this fall. If spring was any indication, in the months ahead look for Chinese collectors enthusiastically bidding for fine wines, rare watches, Chinese contemporary art, traditional art and antiques from popular historical eras, and jewelry.
Yesterday, Sotheby's held its Autumn Auction preview in Hong Kong, showcasing some of the nearly 400 lots of fine Chinese ceramics and works of art that will go under the hammer on October 7-8 at the Hong Kong Convention and Exhibition Center. Though these lots have an estimated value of HK$780 million (US$100 million), expect Chinese bidders to live up to their reputations and go well above high estimates for particularly attractive pieces.
Photos of the Sotheby's Autumn Auction preview in Hong Kong, courtesy of Xinhua: