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Christie's Hong Kong Autumn Auction saw full sales in two major special sessions: "Essence of Taiyi: The Lantian Shanfang Jade Collection" and "Elegance of Jia Wood: Selected Ming-style Furniture from 'Muquju'," both achieving the prestigious "white glove" status. Notably, the "Lantian Shanfang Jade Collection" session on November 29, 2024, delivered an exceptional performance, achieving a total sales value of HKD 214 million, accounting for nearly half of the total sales in the artifacts category.

The Christie’s auction reflected the resilience of the luxury art market and the global appetite for exceptional works. The rising recognition of Surrealism, exemplified by Magritte’s record-breaking sale, reached new heights. Furthermore, the success of the Mica Ertegun collection underscored the allure of quality artworks with deep historical context. Looking ahead, the art auction market holds significant growth potential, especially for events combining cultural significance with philanthropic missions.

Christie’s upcoming Old Master Part I auction on December 3rd at 6:30 PM GMT will present an extraordinary selection of European masterpieces spanning six centuries. This auction promises a feast of visual and cultural significance, showcasing the enduring value of Old Master works in today’s art market.

Although the global art auction market saw a noticeable decline in 2024, with sales dropping by as much as 30%-40%, high-end classic works continue to buck the trend. Reports from major auction houses like Christie's and Sotheby’s confirm a shrinking market overall, but rare, historically significant pieces like those by Van Gogh and Monet maintain their value and even experience price appreciation​ (by MYARTBROKER).

This November, Sotheby’s Chinese Art auction in London will feature over 170 top-tier lots, including Ming and Qing porcelains, early ceramics, jades, and more.

Industry experts noted that while uncertainty persists, high-end collectors remain optimistic about the long-term investment potential of rare gems, viewing them as stable stores of value. The gap between top-tier gems and mid-range stones has grown increasingly stark, with lower enthusiasm for mid-priced items.

At the 2024 Christie’s Art + Tech Summit, industry leaders like Steve Wozniak and Refik Anadol discussed AI's impact on culture. The event emphasized the growing integration of technology in art, the rise of new markets, and the importance of sustainability. It highlighted how the future of art and culture will increasingly rely on technology while balancing innovation with tradition.

The remarkable Stegosaurus Apex, sold for an astonishing $44.6 million, marks a historic moment in the paleontological and dinosaur fossil auction industry. This sale not only set a new record but also showcased an unprecedented level of transparency and meticulous documentation at every stage of the specimen's handling.

We provide below the key transaction records from this week's Sotheby's London Summer Auction for your reference. These transactions reflect the future trends of the collection market.

At the preview of Christie's Hong Kong "The Ten Perfections - Qing Imperial Ceramics from the Wang Xing Lou Collection" on May 27, two noteworthy porcelain pieces are particularly worth the attention of collectors who favor Ming and Qing dynasty ceramics.

In the Sotheby's auction in Hong Kong on April 10, 2024, the Asian art market demonstrated robust demand. Highlights of the auction included sales of Chinese artworks and jewelry, with notable attention on works by Zhang Daqian and precious jewelry collections. Additionally, significant turnover was seen in modern and contemporary art. This success reflects the sustained growth of the Chinese economy and the strong enthusiasm of collectors for art investment.

This report provides detailed insights into the trends and perspectives of the art market as observed at Art Basel. As professional art finance investors and seasoned collectors, members of the OGP collectors hope that this content will help you gain a better understanding of the current state of the art market and provide you with prudent and secure collecting guidance.

Auctions are of great interest to collectors and enthusiasts alike. Whether your interests lie in art, jewelry, watches, cars, or other rare items, auctions hosted by international auction houses provide a wealth of investment information.

We hope that this ranking serves as a valuable reference for your selection of coveted artworks, assisting you in choosing pieces that align with your personal taste and investment goals. The works of these 50 artists are considered promising choices for art investment, with the potential for favorable returns. By focusing on the quantity and total value of auctioned lots, we can better evaluate the market demand for artists, taking into account average prices and confidence metrics in the auction market, offering investors a comprehensive perspective for their investment decisions.

Sotheby's auction this week became a remarkable event, with a total of 729 objects participating, generating a total turnover of $1.2 billion. Among them, works such as Picasso's portrait, Basquiat's self-portrait, Monet's landscape, and Jenny Saville's nude portrait stood out, with a 34% increase in total auction sales compared to last year. This marks Sotheby's first billion-dollar week since May 2022 and the third-highest total in the auction house's 279-year history.

Sotheby's recent collaboration with museums in acquiring precious artworks and artifacts has sparked intense debate. On the one hand, it enriches museum collections, offering a wider cultural experience to the public and valuable resources for researchers and students. On the other hand, concerns arise about potential market price inflation and the allocation of resources. Balancing cultural preservation and market dynamics is a complex challenge, leaving us with much to ponder.

London's Frieze Week at Christie's auctions showcased the complexity and variability of the contemporary art market. Buyers, sellers, and auction houses must stay attuned to market dynamics and adapt to the ever-changing environment. As geopolitical events and economic factors continue to influence the art market, navigating these uncertainties remains a significant challenge for all market participants.

Some classic cars, especially rare and historically significant models, can be regarded as collectibles, with their value potentially increasing over time. They are seen as an investment because their worth may rise in the future, especially when there is high demand in the collector's market.

Despite the global economic downturn, the rise in the luxury goods market can be attributed to their role as a safe haven asset, uniqueness and rarity, emerging market demand, and the appeal of auction events. These factors collectively contribute to the investment value of luxury items.

We can observe a strong growth momentum in the Asian auction market in 2023, with significant interest from investors in Chinese art and record-breaking sales achieved at the auctions. Although the geographical distribution of buyers is not explicitly mentioned, it can be inferred that the main buyers of Asian art likely include customers from the Asian region. The Asian auction market has shown a strong market demand for Asian art, and a new generation of young buyers is also participating.

The recent Christie's spring auctions in Hong Kong attracted more buyers from mainland China and Southeast Asia, particularly in the modern and contemporary art category. However, overall sales were relatively subdued, possibly due to market uncertainty and a preference for retaining assets.

This is the latest transaction record from Sotheby's titled 'Museums and Collectors in Asia Make Major Acquisitions at The New York Sales.' This series of auctions has attracted significant participation from Asian museums and collectors. It sends a strong signal, highlighting the importance and influence of the Asian market in the realm of contemporary art. Asian collectors have been presented with a rare opportunity to compete for rare artworks in the New York market. Their active participation and substantial investments have further fueled the prosperity and development of the global art market, while providing valuable collecting directions and reference data for other collectors.

This is the latest update from Christie's on contemporary art in New York titled 'Top collections drive 20th and 21st Century series to $922,194,466,' which has set remarkable transaction records. This series of auctions featured numerous top-tier collections, providing valuable directions and reference data for collectors.

The diamond trade is predicted to have an eventful 2023, but may experience a slow start similar to the end of last year. Activity is expected to pick up in the second half of the year. However, external factors such as geopolitical and macroeconomic developments could influence the market and cause further adjustments. Despite this potential volatility, the industry can draw on past crises to navigate these changes, even if other changes are being implemented gradually.

This is the first breakthrough auction record for Christie's in 2023, from "Christie's First 20/21 Evening Sale Series In 2023" for your reference. In addition, OGP's professional journalists and collectibles experts provide you with "Analysis of Global Collectibles Market Trends and Considerations for 2023", an analysis of the data from two of the top international auction houses" in the OGP's Stories.

The combined sales of Sotheby's Modern and Contemporary Art in Asia in 2022 exceeded HK$3.1 billion. It must be acknowledged that the commercial expansion of the Asian market is an absolute necessity for the major auction houses' art collections.

In contrast to the Asian market, collectors are more likely to purchase Picasso, Monet, and Paul Cézanne. However, contemporary pioneers might be preferred by North American collectors. It also goes without saying that New York is unquestionably the hub of the global contemporary art market.

The highlights of Sotheby's 2022 include some of these, with annual global sales of $8 billion. There was a delightful surprise as well —— The age of collectors was declining, with a record number of bids from collectors under 40, and over 40% of the nearly 50% of luxury purchases were made by wealthy young Asians.

View some of the statistics that contributed to this year's extraordinary events in "Christie's 2022: The story behind epic auctions, record sales, and unforgettable masterpieces." They'll aid in your familiarisation with the auction market.

Established and well-known auction houses Christie's, Sotheby's, and Phillips have consistently held the top three spots. The statistics of the top three companies are still very telling, despite the fact that Chinese auction houses have been setting world-class auction price records as Asia's economy has expanded quickly in recent years.