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Chinese Ceramics and Works of Art Achieves Market Leadership in Asia

Autumn Auctions of the CategoryACHIEVED A COMBINED TOTAL OF HK$351,020,000/ US$45,270,416

Asian art

Hong Kong APAC 3 December 2021

Chinese Ceramics and Works of Art Achieves Market Leadership in Asia

100% Sold

The Chang Wei-Hwa Collection of Archaic Jades Part III - Spring and Autumn & Warring States Periods

Combined Sell-Through Rate 81% by Value

Over 60% of Lots Surpassed Pre-Sale High Estimates

Outstanding Prices for Important Private Collections

Over 1M Viewers Watched the Auction Livestream

Hong Kong – On 3 December, Christie's held three live auctions for the category – The Chang Wei-Hwa Collection of Archaic Jades Part III - Spring and Autumn & Warring States Periods, The Songde Tang Collection - Song Dynasty Ceramics, and Important Chinese Ceramics and Works of Art, generating a combined total of HK$351,020,000/ US$45,270,416.

Sale Highlights: The Chang Wei-Hwa Collection of Archaic Jades Part III

- The auction was 100% sold, totaling HK$79,887,500/ US$10,306,822 with a hammer price of 251% above low estimate.
- Avid bidding was witnessed throughout the whole sale, with the top lot and several leading lots of the collection surpassing multiples of their pre-sale low estimates, including:

Sale Highlights: The Songde Tang Collection - Song Dynasty Ceramics

- The auction realised HK$24,731,250/ US$3,190,744, with sell-through rates of 95% by lot and 99% by value, and a hammer price of 213% above low estimate.
- The celebrated collection sparked intense competition, and the star lot of the sale and other notable lots exceeded multiple times of their pre-sale low estimates, including:

Sale Highlights: Important Chinese Ceramics and Works of Art

- The auction fetched HK$246,401,250/ US$31,772,850.
- In addition to the top lot of this sale and of the sale series - A FINE AND VERY RARE PAIR OF CELADON-GLAZED OVOID VASES WITH CHILONG APPLIQUES which sold for HK$26.7M/ US$3.4M (shown on cover page), the diverse offerings in this sale invited intense bidding for other top-performing highlights including:

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About Christie’s

Founded in 1766, Christie’s is a world-leading art and luxury business with a physical presence in 46 countries throughout the Americas, Europe, Middle East, and Asia Pacific, and flagship   international sales hubs  in New York, London, Hong Kong, Paris and Geneva. Renowned and trusted for our expert live and online-only auctions, as well as bespoke Private Sales, Christie’s unparalleled network of specialists offers our clients a full portfolio of  global services, including art appraisal, art financing, international real estate and education. Christie’s  auctions span more than  80 art and luxury categories, at price points ranging from $500 to over $100 million. Christie’s has sold 7 of the 10 most important single-owner collections in history, achieved the world record price for an artwork at auction, launched the first  fully on-chain auction platform dedicated to exceptional NFT art and manages an investment fund to support innovative startups in the art market. Christie’s is also committed to advancing  responsible culture  throughout its business and communities worldwide. To learn more, browse, bid, discover, and join us for the best of art and luxury at christies.com or by downloading Christie’s apps.

* Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue. *Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium.