Sothebys cuts Hong Kong spring Asian art sale by two-thirds

AUCTION HOUSE NEWS SPRING 2009

Reuters reports that Sothebys sold US$223 million worth of artwork in its 2008 spring sale but this year expects to sell only one-third as much in what Kevin Ching, Chief Executive Office for Asia calls a “well-edited” selection of  works which is priced to take account of market conditions.

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