Christie’s HK auction of Chinese Ceramics Works of Art was the worst performing sale this season, raising "only" $106.7 million over four sales on June 1. In the Imperial Sale, which usually attract top bids, only 76% of the lot sold and only 63% by value. That would be because the top lot, an 18th century revolving Falangcai vase valued at $31million, failed to find a taker. This is the second time a top lot flop (a similar thing happened with a Qing Dynasty vase in April), which underlines Chinese collectors are refusing to pay over the odds now to repatriate "treasures." Another high-priced lot, a “Dragon and Clouds” screen made of rosewood and featuring fine carving and painting, also failed to sell, as bids stopped short of its reserve price.
|Qingbai seated figure of Guanyin|