A 101.27 carat colorless diamond, the largest of its kind ever sold at any auction in Asia, fetched 48.49 million HK dollars (6.22 million U.S. dollars) Wednesday at the spring auction of Christie’s in Hong Kong.
The price was in line with previous market estimates, which put the price between 47 million [...]

Bonhams’ spring auctions of Fine Chinese Ceramics, Works of Art and Paintings, Fine Western and Jadeite Jewellery, and Fine Modern Wristwatches in Hong Kong will be held on 29 and 30 May at the Island Ballroom, Island Shangri-la Hong Kong.
Public Preview: 27 May 3pm to 6pm
28 and 29 May from 10am to 7pm
30 May from [...]

Zeng Fanzhi’s “Mask Series 1996 No.6″ sold for 74.2 million Hong Kong dollars at the evening sale run by auction house Christie’s on Saturday.
The painting depicts eight figures wearing red scarves reminiscent of the “Little Red Guards,” a movement inspired by Communist chief Mao Zedong that persecuted millions in China in the 1960s and 1970s [...]

Christie’s will present a two-day series of sales devoted to Asian Contemporary Art on May 24 -25 in Hong Kong, opening with the first-ever Evening Sale for the category.
This sale falls on the heels of Christie’s record-breaking sale of Asian Contemporary Art in November 2007 and will offer unrivalled examples from leading Contemporary Art [...]

Bonhamsl wine auction held on 24 April 2008 at Crown Wine Cellars in Hong Kong scored a few firsts. It was the first wine auction held in Hong Kong after the scrapping of wine duty and the first for a Bonhams Hong Kong auction to achieve a remarkable sell rate of 96.31 per cent.
246 lots [...]

Twenty-six works from contemporary Indian artists would go under the hammer at the International auction house Christie’s Spring 2008 sales of Asian Contemporary Art, in Hong Kong on May 24-25.
Works by Subodh Gupta, Jitish Kallat, Anju Dodiya, and Atul Dodiya will be up for auction on the opening day.
On the next day, selection of works [...]

The Philippine agency tasked with privatizing state power assets Wednesday said it has decided to defer an auction for the Tiwi and MakBan geothermal facilities to June 27 from June 4, in response to a request from prospective bidders.
Power Sector Assets and Liabilities Management Corp., or Psalm, said in a statement prospective bidders, particularly foreign, [...]

Poor consumer response seems to have come in the way of Coal India Ltd’s (CIL) plan to launch forward e-auction of coal.
Having planned the launch as early as on March 28, the company has so far been repeatedly rescheduling it due to lack of participants.
Compared to over 6,000 registered participants in the spot e-auction, a [...]

The Philippines, the world’s biggest importer of rice, scrapped a tender for 675,000 tons of rice on Monday but set an auction for 163,000 tons for the private sector later in the week.
Vietnam’s state-owned Vinafood II, the sole bidder at the tender, failed to supply a bank guarantee, said Ludovico Jarina, deputy administrator of Manila’s [...]