Sanyu’s Vase of Chrysanthemums on a Yellow Table sold for HK$15 million ($1.94 million)

The Chinese art auction market is slowing down, reflecting the country’s recent economic deceleration. As reported by Bloomberg, Christie’s Hong Kong Asian 20th Century and Contemporary Evening sales for the past three years have decreased from HK$935 million in November 2013 to HK$507.9 million ($66 million) this year. The downwards trend didn’t stop Sanyu’s Vase of Chrysanthemums on a Yellow Table (c. 1940s) from going for more than triple its high estimate of HK$15 million ($1.94 million), bringing in HK$46 million ($5.97 million) as the evening’s top lot. (via Bloomberg)

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