Monday, September 17, 2007

Palm Springs Property Focused At Christie's Hong Kong

Frenzied Bidding Set High Prices for Asian Art

A Pacific Union GMAC Real Estate Palm Springs property was situated front and center during the event.




Real estate and art went hand in hand at the Christie's Asian Art, Jewellery and Watches Spring Auctions held in Hong Kong this May. Christie's Great Estates was present at the sale, where a video presentation showcased some of the finest properties offered anywhere in the world. Copies of Christie's Great Estates magazine and property brochures were distributed to the estimated 15,000 people who visited the auction site over the course of five days. The sales totaled more than HK$1.52 billion, or US$195.4 million. High prices for works from across Asia were realized as frenzied bidding took place. The top-selling lot at the 20th-Century Chinese Art sale that took place on the opening day of the sales was Scenery of Northern China, by Wu Guanzhong, that sold for US$4,118,400.

Pacific Union GMAC Real Estate is the desert area's exclusive affiliate of Christie's Great Estates and serves the real estate needs of Palm Springs, Rancho Mirage, Palm Desert, Indian Wells and La Quinta.

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