Contemporary Cools in Sotheby’s $97.8m HK Sale as Demand Shifts to New Discoveries
about 31 months ago (10/14/2021)
Contemporary Cools in Sotheby’s $97.8m HK Sale as Demand Shifts to New Discoveries Jean-Michel Basquiat, Untitled (Red Warrior) Sotheby’s Hong Kong sales cycle was down substantially from the Spring with the Contemporary art category falling from $141 million in sales to just under $100 million. Looking at the sales results, it would appear the problem was more one of limited supply more than cooling demand. The top Contemporary art lot, Jean-Michel Basquiat ‘s Untitled (Red Warrior), sold after bidding confined to a narrow range just below the low estimate.