Christie's - 20th Century Evening Sale

Executive Summary

The Christie's 20th Century Evening Sale presented 34 lots, of which 31 were successfully sold, resulting in a robust sell-through rate of 91.2%. The total auction value, inclusive of the buyer's premium, amounted to HK$404.6 million, while the total hammer price value was HK$327.8 million, slightly under the median estimate of HK$402.3 million. Despite this, the average price per lot was a healthy HK$13.1 million, reflecting strong individual performances by several high-value artworks. This auction demonstrated strong demand for premium artworks, particularly from established artists such as Zao Wou-Ki, René Magritte, and Sanyu. However, the overall hammer ratio of 81.5% indicates that the market values did not fully meet the pre-auction expectations.