An unidentified woman in a black lace dress calmly placed the winning bid of HK$68.98 million in the saleroom in Hong Kong. The 1968 work, "10.1.68," led 18 lots by the painter that drew strong bidding as offerings from other artists went unsold.
10.1.68 (1968) by Zao Wou-ki
Sotheby’s autumn sale began on Oct. 1 after the Standard & Poor’s 500 Index had its worst quarter since the end of 2008. The top lot in the two days of wine purchases, worth a total of HK$99.1 million, was the sale of a 12-bottle case of 1988 Domaine de la Romanee-Conti Burgundy for HK$907,500.
Sotheby’s has raised HK$879 million during the first three days of its Hong Kong Autumn sales that included the wine and modern and contemporary Asian art. The six days of sales feature 3,400 lots of porcelain, art and jewels that New York-based Sotheby’s forecast will raise more than HK$2.7 billion. Sources: Bloomberg