Zao Wou-ki’s 29.09.64 (1964) sold for HK$152.9 million (including fees) at a May 27 Christie’s sale during the spring auctions. Photo: Zao Wou-ki

Hong Kong’s subdued spring auction sales: too few good lots or too many auction houses?

With most auctioneers reporting results that were flat or below last year’s, some observers point to problems Chinese buyers had accessing funds, but others cite rising competition and unappealing art

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Zao Wou-ki’s 29.09.64 (1964) sold for HK$152.9 million (including fees) at a May 27 Christie’s sale during the spring auctions. Photo: Zao Wou-ki
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