De Beers Blue Diamond

The series of sales saw this rare diamond go to auction | Source: Sotheby's via CNN

Sotheby’s Hong Kong Reaches A$311m with Picasso Portrait and Blue Diamond

Sotheby’s Hong Kong achieved a record on Wednesday evening, reaching a combined sales total of around A$311 million from its Modern and Contemporary Art sales.

Leading the series of art sales in Hong Kong one Wednesday was Pablo Picasso’s Dora Maar portrait, which went under the hammer for approximately A$30 million.

Painted in 1939, the portrait depicts artist and Picasso’s lover Dora Maar in his signature abstract style and was sold to a Japanese collector.

Picasso’s Dora Maar | Source: Sotheby’s

However, the title of the most expensive lot sold at the record-breaking series of evening sales in Hong Kong went to the De Beers Blue, a Fancy Vivid blue diamond.

Going under the hammer as part of a single lot sale, the De Beers Blue is the largest blue diamond ever to be offered at auction. The successful bidder purchased the rare gem for an incredible A$80.7 million, surpassing price estimates by some millions.

Featuring a step-cut and vivid blue hue, the diamond weighs in at an incredible 15.10 carats. Discovered in April 2021, the rare gem is the largest internally flawless step-cut vivid blue diamond.

The De Beers Blue diamond
The De Beers Blue diamond | Source: Sotheby’s

A further three works from the Marquee sales sold for more than HK$100 million, approximately A$18 million, including Louise Bourgeois’ large sculpture titled Spider IV. Selling for more than A$20 million, the sculpture is what Sotheby’s described as a “dynamic iteration on what has become the most celebrated series of the artist’s career”.

Louise Bourgeois' Spider IV
Louise Bourgeois’ Spider IV | Source: Sotheby’s

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