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Auction Report: A Tale of Two Cities

As Art Basel Hong Kong concluded on March 30, all eyes turned to the major auction houses, where both Christie’s and Sotheby’s had aligned their spring marquee sales with the fair for the first time. Would the fair’s energy and robust attendance—which was considered across the board as a bellwether for a recovering market—translate into bidding in the auction room? Do the back-to-back sales offer any insights about collector confidence across Greater China?