In 2023, Christie's Asia luxury sales reached a running total of US$277 million. The Hong Kong Autumn Auctions, featuring Jewellery, Watches, Handbags, and Wine, achieved a market-leading US$105,964,609, boasting an exceptional sell-through rate of 91% by lot. These outstanding outcomes underscore the allure of Christie's curated sales and strategic pricing, fueled by digital engagement and an influx of new, younger buyers in the region.
Participants from 41 countries across five continents contributed to global engagement. Half of the buyers made their purchases online, with nearly 60% of new buyers being millennials.
Magnificent Jewels & The Pink Supreme | 27 November
Autumn Live Sale Total: HK$491,395,000 / US$63,333,998
The second-highest autumn auction total for the category in Asia since 2017
Exceptional 96% hammer price achieved against the pre-sale estimate
2023 Running Sale Total at Christie’s Asia: HK$1.08B / US$139,545,562
On 27 November, Christie’s Hong Kong presented Magnificent Jewels & The Pink Supreme in a live auction, which achieved a sale total of HK$491,395,000 / US$63,333,998, demonstrating the strength of the market in Asia for the category. The sale’s diverse curation of coloured and colourless diamonds, jade, and creations from renowned jewellery houses resulted in an exceptional hammer price of 96% against the pre-sale estimate. The sale was led by The Pink Supreme – a 15.48 carat Fancy Intense Pink Internally Flawless Type Ila Diamond – which realised HK$83,875,000 / US$10,810,322 (price per carat: HK$5,418,282 / US$700,000) and continues Christie’s strong track record in offering the rarest exquisite coloured diamonds.
Watches | 26 November
Autumn Live Sales Total: HK$222,231,750 / US$28,642,583
The second highest autumn sale total at Christie’s Asia
Highest Ever Annual Sale Total For The Category in Asia: HK$683 million / US$88 million
Christie’s Watches proudly leads the market in Asia
On 26 November, Christie’s Hong Kong presented three live watches auctions, Important Watches; The OAK Collection Part I; and The Philippe & Elisabeth Dufour Foundation Charity Auction, which together achieved a sale total of HK$222,231,750 / US$28,642,583, the second highest autumn total at Christie’s Asia. The excellent results attest to the sales’ quality selection of timepieces and strong pricing approach for the market, which drew vast global participation from 39 countries spanning 5 continents, with millennials comprising 40% of new buyers.
Wine & Spirits | 24-25 November
Autumn Live Sales Total: HK$53,543,750 / US$6,901,045
Quality offering 94% sold by lot
On 24 and 25 November, Christie’s Hong Kong presented two live sales of wine and spirits, achieving a combined total of HK$53,543,750 / US$6,901,045. The outstanding offering across the sales resulted in a high sell-through rate of 94% by lot. Christie’s were honoured to present the first part of the superb European single-owner cellar of Dr A. Botenga, which was extremely well received, with success in iconic offerings from renowned Bordeaux Châteaux and Burgundy Domaines. A second offering of the cellar will be sold live in London on 1 December. Fine and Rare Wines & Spirits Online: Festive Edition continues to welcome bidding until 1 December; and Fine and Rare Wines & Spirits Online: Featuring Rarities from the Cellar of a British Writer is open until 7 December.
Handbags & Accessories | 25 November
Autumn Live Sale Total: HK$54,986,400 / US$7,086,983
Stunning sale selection 94% sold by lot
Highest Ever Annual Sale Total For The Category Globally: HK$154 million / US$20 million
Marking a decade of market leadership in Asia Pacific
On 25 November, Christie’s Hong Kong presented a selection of handbags and accessories in a live auction, which totalled HK$54,986,400 / US$7,086,983. The sale affirmed a decade of Christie’s market leadership for handbags and accessories in Asia, and contributed to the highest ever annual sale total for the category globally of HK$154 million / US$20 million. Christie’s meticulous sale curations in the region, featuring the world’s most coveted designs, continue to entice new and younger buyers as well as significant digital engagement – 28% of the buyers were new, millennials accounted for over 70% of new buyers, and more than 40% of collectors acquired pieces through online bidding.
