Yet Another Auction Record In Hong Kong

Hot on the heels of the recent auction that produced the worlds most expensive handbag Christies Auction on the 2nd of June in Hong Kong labeled as Magnificent Jewels, achieved US$117,892,325 and three auction records.

With the recent stock market gains and the strong interest of Chinese buyers the latest Hong Kong auctions have been attracting global media interest as records tumble.

“Christie's Hong Kong established a new record for the most valuable jewellery auction ever held in Asia. The family collection of K’ung Hsiang-Hsi sold for US$14.6 m, 7 times its low estimate. More records were achieved for a ruby necklace, a Kashmir sapphire and a jadeite cabochon and collectors were mesmerized throughout the day bidding in any increment and as long as it took to try and acquire anything at the sale,” said Vickie Sek, Director of Christie’s Asia Jewellery Department.


Top stories from across the globe

  • 1MDB and the Affected Banks: 100 Headlines
  • The Man Who Turned Down Marilyn Monroe
  • The Seven Conditions for Good Succession
  • The (Slow) Death of U.K. Investment Banks
  • Ten Great Startups Backed by Family Offices
  • Helman Sitohang: A Big Believer in Life Balance

PHOTO GALLERIES Networking Event Networking Event

Show pictures

stars China Symposium 2016

stars China Symposium 2016

Show pictures

Compare my salary

Compare my salary

Feeling Underpaid? Benchmark your salary by job title, company and location. Find out where you stand in minutes.

compare my salary


Newsletter-SymbolFree Subscription

Subscribe to our free newsletter and receive daily email alerts from the finews editorial team with a list of the top featured articles.

Share with us

Do you have any market intelligence to share with – email us on – All communication is completely confidential and strictly anonymous.