Congratulations to kababayan Ronald Ventura.

Bloomberg and Reuters have results from the Asian contemporary sales where only 60% of the lots found buyers. Collectors were picky but not stingy. Some of the works that did sell made prices dramatically above high estimates. The Evening sale of Contemporary Asian art brought in HK$117,117,500 ($15 million) with I Nyoman Masriadi selling for HK$4,820,000 ($615,000) and Wang Yidong beating the high estimate. Indonesians Agus Suwage, Affandi and Handiwirman Saputra and Filipino Ronald Ventura also set artist records. Liu Ye came in toward the top of the estimate range.

Hong Kong Correction | Art Market Monitor.

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