Sotheby’s Hong Kong has once again shaken the art market with a historic result. During the Masterpieces of Asian Art from the Okada Museum of Art auction, organised under its distinguished Maison banner, the house achieved a white-glove result, selling 100% of the lots and marking a new milestone for the sector.
The event closed with a total of HKD 688 million (USD 88 million). The result strengthens Hong Kong’s position as a global hub for high-end collecting. It also adds to the momentum of the international market after recent successes in New York.
Hokusai’s “The Great Wave”
The highlight of the evening was The Great Wave: Under the Wave off Kanagawa, the iconic woodblock print by Katsushika Hokusai. The work forms part of the celebrated Thirty-six Views of Mount Fuji series. Recognised worldwide as a symbol of Japanese art, the piece reached HKD 21.7 million (USD 2.8 million). This figure marks a record price for this impression.
Its exceptional condition, powerful composition and historical significance sparked intense international bidding, far surpassing all expectations.
The sale reaffirms Sotheby’s role as a global leader in the Asian art market and underscores the enduring relevance of Hokusai, whose work continues to captivate collectors around the world.
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