Growing, growing and far from gone
The rise and rise of Hong Kong's stature as a key player in the international auction scene, all through the most challenging months of the pandemic, augurs well for the city's future as a pre-eminent, world-class arts hub. Joyce Yip reports.
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Poly Auction, meanwhile, sold a stack of seven antique pu'er tea cakes from the 1920s for HK$9.48 million, as part of its spring auctions.
Reaping gains from both the art and luxury sectors are Phillips' famous cross-category online auctions. Launched in June 2020, the "Refresh: Reload" event saw 90 percent of the lots sold, with an average of 10 bids per lot. The show's success birthed the biannual "Intersect". Its current edition, hosted by Phillips Asia, comprises 128 lots, including contemporary works by Yoshitomo Nara and Yayoi Kusama, interspersed by timepieces and jewels from the likes of Bulgari, Cartier, Harry Winston.