Phillips - Modern & Contemporary Art: Online Auction

Executive Summary

The Phillips auction of Modern & Contemporary Art in Hong Kong showcased a diverse collection of 89 lots, demonstrating robust collector interest with a high sell-through rate of 82.02%. The auction concluded with significant total earnings, where the hammer price totaled HK$4,798,700.00 against a total auction value of HK$6,094,349.00. These figures reflect a healthy market with a strong appetite for mid to high-range artworks, as evidenced by the majority of pieces selling between HK$10,000 and HK$100,000. High-ticket items above HK$100,000 also contributed substantially, accounting for over half of the auction's total hammer price value. This analysis provides insights into the current trends and preferences in the art market, useful for both future auctions and collectors' strategies.