Sotheby's toasts stellar HK wine sales, art sales mixed

Apr 3, 2012

(Reuters) - Global auction house Sotheby's kicked off its spring sales in Hong Kong by selling all lots in a two-day wine sale, outstripping expectations, but the picture was less clear for its Asian and Chinese art sales as buyers became more selective. The five-day sale by Sotheby's of wine, jewellery, Asian and Chinese art, ceramics and watches, held from March 31 to April 4, is closely watched as a barometer of emerging market demand from Asian and Chinese buyers in 2012.

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