Christie’s, Phillips, and Sotheby’s Total $136 M. in Hong Kong Evening Sales Amid a Cautious Market

Over the weekend, Hong Kong’s major auction houses staged their autumn sales, and while there were no disasters—no $70 million Giacometti flops, at least—the results pointed more to a cautious new normal than to the market rebound some may have hoped for, especially with big-ticket consignments on deck for New York in November. There were strong results for some of the most established names—Pablo Picasso, Yayoi Kusama, Yoshitomo Nara, Marc Chagall—and weaker ones f