Sotheby's updates on Hong Kong sales

|About: Sotheby's (BID)|By:, SA News Editor

Sotheby's (NYSE:BID) reports that its Spring 2017 Hong Kong auctions brought in $406.1M  with a combined sell-through rate of 87% across the series of sales. The tally was higher than the low estimate.

"Our results of the past week in Hong Kong are equivalent to the strong sales we held a year ago and an improvement on the fall of 2016, continuing the encouraging trend we have experienced so far this year," says Sotheby's CEO Tad Smith.

Previously: Sotheby's auctions off diamond for $71.2M (April 4)

Source: Press Release