Heavy buying at Sotheby

Full Story: Art Info

Indonesian modern master Hendra Gunawan’s “Sweet Wine” (1979)

The famous Sotheby's fall season in Hong Kong earned  HK$3.2 billion ($411 million) over six days by selling from Ming vases to a dead diva's jewelery. The high fetched earning is being dubbed as the second-best season ever for the Sptheby in Hong Kong. The hefty purchases were made despite down-trend syndrome prevailing in the global market and credit crunch in China. Red full story for more details. For example the above pictured Indonesian artwork was sold for four times its estimate at Sotheby's Hong Kong, fetching HK$1.8 million ($925,461)

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