Hong Kong Spring Auction Brushes Out Art Market Gloom

(Hong Kong) – The lackluster art auction market got a boost from several record-breaking deals at this year's spring auctions in Hong Kong.

Sotheby's sale of Chinese paintings, wine, jewelry and watches from April 2 to 6 raked in a total of HK$ 3.1 billion, up 16.6 percent from the same auction in 2015. It was 17.6 percent higher than the auction house's autumn sales.