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Poly Auction Hong Kong 2015 Spring Auctions Achieved a Grand Total of HK$1.1 Billion/ US$140 Million

Date:April 14,2015

Poly Auction Hong Kong 2015 Spring Auctions Achieved a Grand Total of HK$1.1 Billion/ US$140 Million

(Hong Kong, April 2015) – Poly Auction (Hong Kong) Limited (Poly Auction Hong Kong) has successfully completed its 2015 Spring Auction on April 7. The two-day auction, comprised of 12 special sections, witnessed an active bidding and achieved an outstanding result of HK$1.1 Billion/ US$140 Million. Many auction lots in the 7 department went beyond an impressive price. 15 items fetched over HK$10 Million, and Cui Ruzhuo’s The Grand Snowing Mountainous Jiangnan Landscape was sold at HK$236 Million. The Chinese and Asian Modern & Contemporary Art Department set a new total transaction record with outstanding performance in all of its special sections, which demonstrated that Poly Auction Hong Kong was highly recognised by collectors for its clear and diverse market positioning.
Mr. Alex Chang Yi-Hsiu, Managing Director of Poly Auction (Hong Kong) Limited, said, “In this Spring Auctions, all of the categories performed exceptionally well. Some of the special sections attracted the attention of our supporters and new buyers from Europe, America and other Asian regions alike. The positive growth of the market attributes the expansion of the diversity of collectors’ taste and interest. We will continue to expand our business internationally and provide excellent experience to collectors. It is strongly believed that Hong Kong will continue to play a crucial role in the international auction market.’
 

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