SOTHEBY’S HONG KONG

　　CONTEMPORARY ASIAN ART AUTUMN AUCTION 2009 BROUGHT HK$116 MILLION / US$14.9 MILLION

　　Sold By Lot 77%; Sold By Value 82%

　　Hong Kong, 6 October, 2009 Before an overflowing salesroom and crowded telephone bank today, Sotheby’s Hong Kong Contemporary Asian Art Autumn Sale 2009 achieved a total of HK$ 116 million/ US$14.9 million (est. HK$97-127 million /US$12-16 million*), and was 77% sold by lot and 82% by value. Solid prices were achieved for works by blue-chip contemporary Chinese artists, including Zhang Xiaogang, Zeng Fanzhi and Yue Minjun, among others (see enclosed top-ten for prices).

　　Evelyn Lin, Head of Contemporary Asian Art at Sotheby’s, said, “We are pleased with today’s results in which many blue-chip contemporary Chinese artists achieved strong prices. With sell-through rates at around 80%, this sale confirms continued confidence for this market. Our reasonable estimates, combined with careful curation of the sale, brought bidders from all over Asia as well as Europe and America. Of particular note, the majority of the top ten lots were sold to mainland Chinese collectors. We also saw some encouraging results in the sale of contemporary Hong Kong art which Sotheby’s initiated last Spring.”

【编辑：张瑜】