40 Years in Asia: Sotheby’s International Realty Attends Hong Kong Autumn Sales 2013

This past weekend key representatives from the Sotheby’s International Realty® brand attended Sotheby’s Hong Kong Autumn Sales 2013 in Hong Kong.

Callaway Henderson Princeton Sotheby's Hong Kong 40Asia

Representatives from Callaway Henderson Sotheby’s International Realty in Princeton, New Jersey. Pictured from left to right: Natalie Gilmore, Marketing Director; Susan Cook, Real Estate Sales Associate ; Judson Henderson, Owner/Broker.

During the five day event, Sotheby’s International Realty representatives interacted with auction goers and were available to talk about the attendees global real estate interests. Representatives from Atlanta Fine Homes Sotheby’s International Realty, Callaway Henderson Sotheby’s International Realty, Decker Bullock Sotheby’s International Realty, Fuller Sotheby’s International Realty, Hong Kong Sotheby’s International Realty, Philippine Sotheby’s International Realty, Sierra Sotheby’s International Realty, Sotheby’s International Realty, Inc, Summit Sotheby’s International Realty, TTR Sotheby’s International Realty and United Kingdom Sotheby’s International Realty were in attendance.

“This event provided a forum for our network to interact with each other, potential Asian buyers and Auction House executives and clientele,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “Those who attended gained key insights into the Asian market and overseas buyers. We are proud to offer our network members the opportunity to take part in this important yearly sales event.”

Sotheby's 40th Anniversary Evening SaleView of the sales room at Sotheby’s 40th Anniversary Evening Sale.

The 16 record-breaking auctions saw new benchmarks set in many categories. Together they realized HK 41.96 billion / US $538 million, the highest grand total ever achieved by any global arts business operating in Asia. See more about the sales including records achieved.

Luxury Real Estate Headlines: First Week in May 2013

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

Hong Kong luxury houses

Hong Kong: big property bubble in little China - The Telegraph

Property prices in Hong Kong have rocketed due to record low interest rates and an influx of wealthy buyers from mainland China. Foreign investment, coupled with the country’s strong economic growth – led, in part, by Hong Kong’s financial services industry – has facilitated increased investment and development in the city.

Secret ‘pocket listings’ return in hot housing marketsCNN Money

How Boomer Home Sellers Can Hook MillennialsForbes

Inside America’s Billionaire Housing BoomForbes

The Best Modernist Homes From Around the World - Yahoo! Finance UK

Beachfront Florida Penthouse Sells in Just 19 DaysBradenton Herald

Realogy Reports Financial Results for First Quarter 2013 – Realogy.com

Living in…Sydney - BBC Travel

Sotheby’s Spring Impressionist & Modern Art Sales to be held in New York May 7 & 8Sotheby’s International Realty Extraordinary Living Blog

An Impressionist’s Habitat: Awe-Inspiring Parisian ApartmentsSothebys.com

New & Notable Luxury Properties for Sale / March 2013

This month’s edition of Exceptional Properties takes us around the globe with new to market listings in Switzerland, Italy, Paris and Hong Kong, but it’s a sprawling parcel in Canada that is this month’s crown jewel.

Montebello, Quebec, Canada / $79,868,279 USD; $81,250,000 CAD / Sotheby’s International Realty Quebec

Kenauk

Sprawling over an impressive 65,000 acres, Kenauk lays claim to over 70 private lakes and is home to a secluded gated community which includes thirteen well equipped chalets and an exclusive marina. Kenauk is a 100 square mile protected wilderness reserve located near the Ottawa River west of Lac Papineau, Quebec.

Genthod, Switzerland/ Price Upon Request / de Rham Sotheby’s International Realty

Lake Geneva Switzerland Lakefront Real Estate

This exceptional property in Genthod on a large plot by the lake,  has extremely impressive features. The bold, original architecture includes glass facades providing a breathtaking view over Lake Geneva from all rooms.

Capri, Italy/ $44,820,079 USD, € 35.000.000 EUR / Rome Sotheby’s International Realty

Castle for sale Capri Italy

Due to its strategic location, overlooking the town of Capri, this residence was considered one of the most important villas of the whole island. Its ruins, found at 250 mt above the sea level, were radically restored throughout the years, starting from the first renovation works carried out by Carlo d’Angiò in 1283. This Italian villa is one of the 12 villas of Tiberius, and it set in the most charming panoramic spot of Capri with 360° views over the island.

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Hong Kong, China Real Estate / Market Spotlight

luxury real estate hong kong

Due to recent concerns about a property market bubble, in October 2012 the Hong Kong government came out with new policies to curb property prices. “With the new policies, both local and overseas investors are now more hesitant to buy at the moment and therefore sales transaction volumes have reduced significantly,” said Samson Law, managing director of Hong Kong Sotheby’s International Realty. “But in this island economy, supply and demand continues to set the tone for the market in Hong Kong. There should be no reason for the market to correct drastically given the limited supply and low interest rates environment.”

In recent months, Hong Kong Sotheby’s International Realty has successfully recorded four notable sales including apartment, condo and detached houses, one of which transacted at more than $17 million (USD) and another for more than $9 million. “With our aim and focus to become the leading marketer representing the most exceptional properties in Hong Kong, we are very optimistic in the growth of the company for 2013,” said Law.

Search Luxury Real Estate in Hong Kong >

Sotheby’s International Realty Network Attends Sotheby’s Hong Kong Autumn Sales 2012

Key representatives from across the Sotheby’s International Realty® network of real estate professionals attended the recent Sotheby’s Hong Kong Autumn Sales 2012 at the Hong Kong Convention and Exhibition Centre in China.

Hong Kong Convention and Exhibition Centre

The Sotheby’s Hong Kong Autumn Sales 2012 were held October 5 to 9 and sold more than 3,100 lots for a total of more than $2 billion (HK), which is $260 million (USD).  For more information including records achieved, click here.

During the five day event, Sotheby’s International Realty® representatives talked to auction goers about their global real estate interests.

The companies in attendance included: Aspen Snowmass Sotheby’s International RealtyDecker Bullock Sotheby’s International Realty, Milan Sotheby’s International Realty, Rome Sotheby’s International Realty, Burger Sotheby’s International Realty, Tiawan Sotheby’s International Realty, Hong Kong Sotheby’s International Realty, and Pacific Sotheby’s International Realty.

“This event provided a forum for our network to interact with each other, potential Asian buyers and Auction House executives and clientele,” said Philip White, president and chief operating officer, Sotheby’s International Realty Affiliates LLC. “Those who attended gained key insights into the Asian market and overseas buyers. We are proud to offer our network members the opportunity to take part in this important yearly sales event.”

Philip White, President & COO, discusses the Asian real estate market event attendees.

Search for extraordinary properties in Asia >

Sotheby’s Hong Kong 2012 Autumn Sale Series

Starting this Friday, Sotheby’s auction house will hold its Hong Kong Autumn Sales Series. The event will include exhibitions and auctions of Fine Chinese Ceramics & Works of Art, Fine Chinese Paintings, Contemporary Asian Art, Jewelry, Watches and Wines, among others.

“This season, Sotheby’s promises to bring exceptional and rare properties to the Asian market from private collections around the world,” says Kevin Ching, Chief Executive Officer of Sotheby’s Asia. “We are delighted to offer significant works of impeccable provenance by prominent Chinese artists across several generations – from Zhang Daqian to Sanyu and Zhang Xiaogang, among others.”

Here are some notable pieces up for auction.

Photo: Sotheby’s; Liao Chi-Chun (1902–1976), Scenery In Yehliu, 1965, Oil on canvas, Est: HK$18 – 28 million / US$2.3 – 3.6 million

The lead work the 20th Century Chinese Art sale is Scenery in Yehliu by the ‘Colour Magician’ Liao Chi-Chun, depicting Taiwan’s North East coastline. The largest painting ever made by the artist, this piece clearly demonstrates Liao’s aptitude with color, and his strong use of rose-pink, which is a classic feature of his work from the 1960s.

Photo: Sotheby’s; Zhang Xiaogang (b.1958), Tiananmen No. 1, Oil on canvas, 1993, Est. HK$15 – 25 million / US$1.9 – 3.2 million

Completed in 1993, Tiananmen No. 1 belongs to the only series of works by the artist, Zhang Xiaogang, to centre on the politically charged motif of Tiananmen Square. From the May Fourth movement of 1919 to the Tiananmen Incident in 1989, the Square has borne witness to many important events that mark the history of modern China. With its solemn brushstrokes, this work is movingly expressive of the agonizing history behind the Square. While the yellow gate tower is accompanied by grey skies and stone pavement, two parallel red lines can be seen running through the Square towards the centre, creating a robust contrast in colour and tone, and the red lines eventually became an iconic motif in the world-renowned Bloodline Series. The yellow gate tower deviates from the red ones as seen in No. 2 and No. 3 of the same series, altogether heightening the significance of Tiananmen No. 1.

Photo: Sotheby’s; Lee Man Fong (1913-1988), Fortune and Longevity, Oil on wood panel, 1951, Est. HK$12 million / US$1.54 million

Extremely rare in the artist’s oeuvre, Fortune and Longevity was kept in private hands since its completion in 1951 and is offered at auction for the first time in more than six decades. Fortune and Longevity is a compelling masterpiece that reaffirms Lee Man Fong’s contribution and influence as a pioneer Southeast Asian artist who created a brilliant synthesis of Eastern and Western art. The serene depiction of people of different generations feasting and dancing is brought alive by his striking brushstrokes, exhibiting immense technical skill which emulates the fluidity of Chinese ink, but using oil. The painting celebrates peace, prosperity, abundance and good health, expressed through the Chinese calligraphy used by the artist in addition to the auspicious symbols such as the pumpkin – a symbol of prosperity, abundance, good luck. It is Lee’s deepest empathy for humanism that imbues the painting with soul, bringing with it the artist’s vision and wishes for a better life for the people.

Photo: Sotheby’s; Lot 1889, A 9.08-Carat Pigeon’s Blood Burmese Ruby And Diamond Ring, Cartier, 1956, Est: HK$24/30 million /  US$3/3.8 million and Lot 1890, An Exceptional D/IF Riviere Diamond Necklace, Totalling 88.88 Carats, Est: HK$35 – 50 million /   US$4.5 – 6.4 million

They say diamonds are a girl’s best friend, and the Magnificent Jewels and Jadeite sale delivers an array of exquisite jewels including the above magnificent ruby and diamond ring and an exceptional diamond necklace.

Two stunning colored diamond rings also will be offered. Pink diamonds of over 10 carats are exceedingly rare and at 10.15 carats, the beautiful gem offered is one such example. Of a lovely and soft pink hue, well-proportioned classic pear shape and flanked by gleaming white diamonds, this elegant jewel is the epitome of feminine grace. Another head-turning jewel offered for sale is a 21.43-carat Fancy Vivid Yellow Diamond and Diamond Ring. Impressive in its size, this stunning gem gleams with a saturated and pure Fancy Vivid Yellow color, rated by the Gemological Institute of America (GIA) as the most desirable in a yellow diamond, and is certain to shine in the most glamorous of occasions.

The exhibitions will be open for public viewing October 5 – 8 at the Hong Kong Convention and Exhibition Centre. The auctions will be from October 5-9 in the same location.

Looking for a Hong Kong property to accompany your newly purchased Asian works?  View our photo gallery of Hong Kong properties on the Sotheby’s International Realty Facebook Page.

*Estimates do not include buyer’s premium