MARKET · HONG KONG

Asia's auction capital, rebuilding

Hong Kong held 14.5% of global auction sales in 2025, third behind New York and London. Volume hit a ten-year high even as values slipped, and the March 2026 sales came back above the year before.

MARKET DESK · FIGURES AS PUBLISHED, SOURCES BELOW

Hong Kong in four numbers

14.5%

GLOBAL AUCTION SHARE, 2025

Third after New York and London.

22,247

LOTS SOLD, 2025

Highest volume in a decade.

US$160M

MARCH 2026 SALES

Christie's up 17% on the year. Source: Pulse.

HK$196.75M

PICASSO, ASIA RECORD

Buste de femme, Christie's, September 2025 (hammer).

March sales: a third lost, then a rebound

YEAR	MARCH SALES, THREE HOUSES	ON THE YEAR
2024	US$225M
2025	US$150M	−33%
2026	US$160M	+7%

CHRISTIE'S, SOTHEBY'S AND PHILLIPS HONG KONG MARCH SALES. SOURCES: HENI NEWS (2024, 2025); PULSE (2026). 2026 CHANGE CALCULATED BY ARTWATCH.

House tracker

HOUSE	SPRING 2025	AUTUMN 2025	2025 TOTAL
Christie's Hong Kong	HK$781M	HK$817M	HK$1.598B
Sotheby's Hong Kong	HK$366.5M	HK$448M	—
Phillips Hong Kong	—	—	—

CONTEMPORARY ART SALES. SOURCE: 2025 CHINA MODERN AND CONTEMPORARY ART MARKET REPORT (ARTPRO). ROUNDED AS PUBLISHED.

HONG KONG ART WEEK 2027

ARTWATCH launches at Art Central

24–28 March 2027, Central Harbourfront. VIP preview 23 March. Art Collector is a media partner.

See the week →

AS PUBLISHED, 2025–26

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Art Week 2027

23 MARCH

Art Central VIP preview

Central Harbourfront, Hong Kong.

24–28 MARCH · MEDIA PARTNER

Art Central Hong Kong

ARTWATCH launches at the fair. Art Collector is a media partner.

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The Hong Kong briefing

Sale-night numbers from Hong Kong, free, the morning after.