Lau billionaire Christie Raise $ 16.7 million birds in Hong Kong Record

HK Hong Kong billionaire Joseph Lau 129.5 million U.S. dollars ($ 16.7 million) purchase of two pairs of imperial statues Christie's International crane lifted to its highest total in Hong Kong, auctions, propelled by Chinese buyers.

Christie's sold 3.18 billion U.S. dollars for Hong Kong art and collectibles over a week, including yesterday $ 1,130,000,000 Hong Kong auction of Chinese antiques. Total company based in London, Hong Kong remained in the region ahead of Sotheby's, which held its own record HK $ 3090000000 for sale in the city in October.

"There are some very aggressive offers out there," Johnny said Chong, 50, a Hong Kong collector who paid HK $ 1.2 million for an imperial edict of the Qing dynasty, with an estimate of HK $ 60,000 on behalf up pre- a collector of land. "Prices are mostly in the top of expectations. But if you see something you really want, just bite the bullet."

The autumn sales of the largest auction houses of two of Hong Kong, the world market the third largest auction after New York and London, show the strength of demand for luxury goods in Asia.

Headquartered in London, Christie's had estimated that the sale the week at the Hong Kong Convention and Exhibition Centre will total more than HK $ 1.7 billion. The company had forecast sales would be sold yesterday at least HK $ 555 million.

Lau imperial cloisonné enamel incense twice the crane, or incense burners, is estimated to sell for up to HK $ 120 million. Son de la collection Alfred Fonthill Morrison House, an English collector of 19 th century Chinese art, Christie's said.

Warhol purchase

Lau, which controls China Estates Holdings Ltd. and had a fortune of $ 6 billion in February, according to Forbes Asia, paid $ 17.4 million in November 2006 "Mao", one of Andy Warhol Pictures the late Chinese leader Mao Zedong, a record at that time.

Imperial Cranes five meters Lau bought yesterday may have been commissioned by Emperor Qianlong of the Qing dynasty, while he was still a prince as a birthday present for his father, according to Christie's.

The week of the purchase of luxury ended today with one-day sale of clocks that added HK $ 103 million Christie's total, compared with an estimated HK $ 70 million. The most expensive watch was a Patek Philippe minute repeater which sold for HK $ 5.5 million to an Asian collector, said Christie's.

White moonflask

Yesterday, other highlights include a moonflask pink enamel-blue and white of the Qianlong period was sold for 123.9 million U.S. dollars in Hong Kong, while a yellow-ground famille rose vase Jiaqing era (1796 to 1820) brought HK $ 90,300,000. Both elements were more than three times their upper estimates. About 85 percent of the lots sold yesterday went to buyers from China, Hong Kong or Taiwan, said Christie's.

"If China's economy continues to grow at current rates, the old prices will rise only in the next 30 years," said Chong, who had held the oar in all the bidding war for the Jiaqing period of posting.

Chong said the buyer will donate the book, along with a bronze seal bought at auction yesterday for HK $ 47,500, to a museum in Liaocheng in Shandong Province.

The November 30 sale of modern and classical Chinese painting, with works by Fu Baoshi and Zhang Daqian, met in Hong Kong $ 669,000,000, 91 percent more than last year and more than double the company's estimate of HK $ 260 million.

Rosa Diamond

The day before, the jewelry department at Christie's, everyone wore something pink for the HK $ 179,900,000 sale of a 14.23 carat pink, the highest auction price for a diamond in Asia. Sales of jewelry at Christie's was the largest worldwide, totaling 612.6 million U.S. dollars in Hong Kong.

After three days of sales of contemporary Asian art and Chinese 20th century that broke more than a dozen albums artist, including Bali, based on the German painter Walter Spies and Sanyu overseas Chinese, as "potted chrysanthemum in a blue and white jardiniere "brought in 53.3 million U.S. dollars Hong Kong.

Christie's sales of art includes the buyer's premium of 25 percent in the first HK $ 400,000, 20 percent up to and including HK $ 8 million, and 12 percent of the rest. Estimates are for the auction price, not including the commission.