The recent Hong Kong sales were a score draw for Christie's and Sotheby's with both auction houses making around $122 million.
But a closer look at the sales shows some differences between the two rivals with the HENI Auction Index putting Sotheby's ahead by a whisker.
Jean-Michel Basquiat’s classic 1984 painting Ancient Scientist was the star for Christie’s selling for $9.8 million with fees, just above its high estimate, helping the auction house reach a $121.9m total but its three sales scored a C+ on the HENI Auction Index
The Index, which measures success by comparing at least 10 variables, found the total was slightly up from last spring but 34% below the comparable average. The 193 lots offered were also 31% below the average.
Sotheby's held four sales this autumn in the Asian market hub, totaling nearly $122 million and earning a B- on the Index.
The score was the fourth consecutive improvement in Sotheby’s spring and autumn sales in Hong Kong and was despite the late withdrawal of a nearly $10 million abstract by Rothko.
But the performance was still a third down on the average of comparable sales when adjusted for inflation and the total number of 200 lots is nearly 25% down on the historic average.
To read our full analysis of Christie's click here and click here to see what we said about Sotheby's.