Record-Breaking Sales in 2024

In an exciting turn of events for the art world, British auction house Bonhams has shattered records with its auction sales in Hong Kong, reaching an astounding HK$670 million ($86 million) in 2024—a remarkable 18 percent increase compared to the previous year. This milestone represents the highest sales achieved by the company since it began its operations in the bustling metropolis in 2007.

Featured Artwork: Infinity by Yayoi Kusama

The auction featured a standout piece, an abstract artwork titled "Infinity" by the renowned Japanese artist Yayoi Kusama. This masterpiece, which attracted significant attention, sold for an impressive HK$46.4 million. "Infinity" is characterized by Kusama's iconic dots and infinity nets, brilliantly intertwined to form a singular impactful canvas that epitomizes her distinctive style.

Strategic Expansion into Asia

In addition to the record-breaking sales, this monumental year is complemented by Bonhams' strategic expansion into the Asian market. The auction house recently inaugurated its new Asia headquarters located at Six Pacific Place in Hong Kong. This impressive 19,000 square-foot facility spans three floors, allowing Bonhams to enhance its engagement with collectors and art enthusiasts in the region.

The Future of Bonhams in Hong Kong

As Bonhams continues to elevate its presence in Hong Kong, the auction house signifies the growing appetite for high-value art collectibles in the Asia-Pacific region. With the city's vibrant art scene and increasing number of affluent art collectors, 2024 presents a promising future for both Bonhams and the local auction market.

Stay tuned to see how Bonhams will further harness this momentum in their upcoming auctions, and keep an eye out for more remarkable artworks breaking records in the world of art!