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It’s become quite evident that interest for Hockney is strong in Asia. About 30 percent of our clients buying Hockney’s work are from Asia, and we’ve seen Asian interest in Western contemporary art steadily grow. We first introduced Western art to our contemporary sales in Hong Kong in 2017, and as of last year, there was a 50/50 split between Western and Asian art in our sales.
Foot traffic was down 50 percent, and yet we had our biggest sale ever, and we saw a major jump in bidding from mainland China. I’m not saying we won’t be affected—our first concern is the health and safety of our employees and our clients—but based on our experience in October, we believe that as long as we have strong lots being offered, our clients will show up.