• Join Puck

    Directly Supporting Authors

    A new economic model in which writers are also partners in the business.

    Personalized Subscriptions

    Customize your settings to receive the newsletters you want from the authors you follow.

    Stay in the Know

    Connect directly with Puck talent through email and exclusive events.

  • What is puck? Newsletters Authors Podcasts Events Gift Puck Careers

Notes From the Hong Kong Threesome

The results of the first-of-its-kind concurrent Hong Kong sales at Phillips, Sotheby’s, and Christie’s offer a few signs of life—particularly at the top of the market.

Inner Circle Exclusive
Picasso Art Hong Kong
The total sales of modern and contemporary art in Hong Kong fell to their lowest levels in five years. On the other hand, while we may not be living through the best of times, things do seem to be getting better. Photo: Peter Parks/AFP/Getty Images
Marion Maneker
April 2, 2025

The news out of Hong Kong from last week’s first-ever concurrent auctions at Phillips, Sotheby’s, and Christie’s is a bit of a tale of two cities. In some ways, it was the worst of times: The total sales of modern and contemporary art in Hong Kong fell to their lowest levels in five years. On the other hand, while we may not be living through the best of times, things do seem to be getting better. The hammer ratio for these sales has bounced back from .90 last year to a promising 1.06 this year.

Inner Circle Exclusive

Join us in the Inner Circle

Becoming an Inner Circle member now takes you even more inside to exclusive coverage you won't get anywhere else
Join Inner Circle
  • Exclusive bonus days of select newsletters
  • Exclusive access to Puck merch
  • Early bird access to new Editorial and Product features
  • Invitations to private conference calls with Puck authors