Christie's Hong Kong held its 20th/21st Century Autumn Auctions on September 26-27, 2025, achieving a total of HK$817 million (US$106 million), the highest value auctions in the Asia market this season. The sales saw a 96% sell-through rate by lot and a hammer price 121% above the low estimate, with collectors from 32 countries participating. The top lot was Picasso's 'Buste de femme', which sold for HK$196.75 million (US$25.4 million), breaking the Asia auction record for the artist. New buyers increased versus last year, with 20% of all buyers being new, over half of whom were Millennials.
These results underscore Christie's continued dominance in the Asian art market, particularly in sourcing and pricing high-quality works. The strong sell-through rates and record-breaking Picasso sale demonstrate robust demand across all price bands, with works by Thai, Vietnamese, Filipino, Japanese, and Korean artists all selling out. The auction also marks the first anniversary of Christie's move to The Henderson, reinforcing Hong Kong's position as a key global auction hub.