“Two Wandering Tigers” by Cai Guo-Qiang
Sotheby’s sold $51.77 million worth of Chinese contemporary art in three auctions in Hong Kong on Wednesday, allaying concerns that the global economic slowdown would depress the prices. The highlight of the day was the highly anticipated afternoon sale of more than 100 works from the Estella Collection, which Sotheby’s [...]

Sotheby’s Hong Kong auction of Chinese contemporary art brought in nearly $18 million on Wednesday afternoon, with aggressive bidding countering concerns that global economic uncertainties would weaken prices.
More than 100 works from the Estella Collection, which Sotheby’s has called the largest and most important trove of Chinese contemporary art, were on the block. In the [...]