Christie's - 21st Century Evening Sale

Executive Summary

The Christie's 21st Century Evening Sale in Hong Kong showcased significant market dynamics with a sell-through rate of 78.7%, as 37 out of 47 lots were sold. Despite this relatively high sell-through rate, the total hammer price of HK$274.9 million fell short of the total median estimate of HK$460.1 million, resulting in a hammer ratio of 59.8%. This gap suggests that while demand was strong, the hammer prices were generally below pre-auction estimates, reflecting a more cautious bidding environment.