Asia’s collaborative contemporary art auction, Asian Auction Week in Hong Kong, took place on 29 November at the Mandarin Oriental Hotel. It was staged as a joint effort between four Asian auction houses: K Auction of Korea, Kingsley’s of Taiwan, Larasati from Singapore and Shinwa Art Auction out of Japan. From Shinwa, Nara Yoshitomo’sWinter Long fetched 3.5 million HKD (estimate 1.6 – 2.2 million). The Japanese auction house sold 38 of 40 lots offered, realizing a total of 11.73 million HKD (roughly 130 million JPY).
Asian Auction Week in Hong Kong
http://www.asianauctionweek.com
Shinwa Art Auction
http://www.shinwa-art.com/