HONG KONG SAR - Media OutReach Newswire - 12 April 2024 -On April 9, Poly Auction Hong Kong Spring Auctions 2024 successfully concluded at the Grand Hyatt Hotel in Hong Kong. The auction achieved a satisfactory total sales amount of HKD292 million, with a total sale of nearly HKD330 million including private sales. This season saw robust performances in nine special sales presented by four departments, with unprecedented enthusiasm from collectors and strong bidding activities. Among them, four highly anticipated special themed sales were hosted by Chinese Ceramics and Works of Art, achieving high prices of over HKD10 million for three highlight lots. The magnificent carved celadon-glazed 'archaistic' vase from the Qianlong period from the "Stellar Effulgence: The Wang Xing Lou Collection of Imperial Qing Dynasty Porcelain" sale reached the highest sales total of HKD24 million. The Modern and Contemporary Art department achieved remarkable results, with Yayoi Kusama's Red Pumpkin leading the sale with a sold price of HKD18 million. In addition, a series of highlight lots sold for several times their estimated prices, such as Izumi Kato's Untitled and Sha Qi's Emerald Beauty of Spring. The Chinese Paintings and Calligraphy department also concluded successfully, with Zhang Daqian's Misty Clouds at Mount Ali, created when the artist was 82, taking the top spot with a sales amount of HKD10.8 million. Another leading lot in the department, Gu Yanshou's Calligraphy in Regular Script, sparked intense bidding among buyers and sold for HKD9.72 million. Wang Hui's Snowy Landscape, featuring brushwork of the Yuan Dynasty and style of the Song Dynasty, achieved a sales amount of HKD2.496 million, showcasing a masterpiece that combines the essence of ancient styles. The Spring Auction also introduced a special sale titled "Unique Existence in True Void: The Highlights of Buddhist Art" in which Dong Qichang's Calligraphy in Running Script sold for HKD2.16 million, far exceeding the high pre-auction estimate. From the "Magnificent Jewels" sale, the leading lot, a 5.02-carat Fancy Pink Diamond and Diamond Ring, sold for HKD13.2 million. In the "Important Watches" slae, an exceptionally fine and rare 18k white gold Patek Philippe Nautilus perpetual calendar wristwatch Ref. 5740/1G, reached the top of the watches sale with a price of HKD1.74 million. The "Noble Handbags & Hype Collectibles" sale achieved solid results as well, the most sought-after item being the Limited-Edition Hermès Mauve Sylvestre, Chai, Nata & Lime Epsom Leather Kellydole Picto with Palladium Hardware, selling for over HKD450,000. The mobile App and online bidding system of Poly Auction Hong Kong have witnessed enthusiastic bidding activities from collectors around the world, including Southeast Asia, the Middle East, Japan, Korea, the United Kingdom, the United States, and more. In order to track the collecting trends and satisfy the unique preferences of collectors locally and abroad, Poly Auction Hong Kong is excited to announce a significant milestone in business expansion with the launch of an official eShop, which allows collectors to easily browse and bid on a wide range of global sales items anytime and anywhere. This Spring, Poly Auction Hong Kong again hosted the Masterpieces Appreciation and Guided Tours. During the tour, specialists at Poly Auction Hong Kong guided the guests in the exhibition venue, introducing them to a wide range of masterpieces of high investment and collectible value. Specialists from each department analyzed the art market overview and trends from a professional point of view, aiming to provide the guests with a better understanding of the art auction market through art appreciation, thereby helping the guests to cultivate and build a potential and personalized collection system, with the end goal of expediting the development of the Asian art collection community. Furthermore, Poly Auction Hong Kong collaborated with well-known institutions and industry professionals on the Masterpieces Appreciation and Guided Tours this season. The guest speakers shared their views on art appreciation, collection, and investment from diverse angles with guests. Poly Auction Hong Kong's Modern and Contemporary Art sale this spring achieved a strong sell-through rate of approximately 92% by lot and realized over 6.782 million. Works by some of today's most popular international contemporary artists, 20th-century masters, and a well-curated lineup of Chinese contemporary artists all achieved outstanding results. Leading this sale was Yayoi Kusama's Red Pumpkin, which sold for a staggering HKD18 million, exceeding its high estimate by 2 times, and claiming the highest sales record for this department. Red Pumpkin is known for captivating viewers with its anthropomorphic characteristics: the vibrant fruit adorned with Kusama's signature polka dots creates a sense of rhythm. Red Pumpkin even set a...