This is a particularly strong auction, with top examples of artists like Richter, Warhol, Pollock and Koons.
Analysts attributed the positive result — as well as a strong Spanish auction last week — partly to the new E.C.B. initiative.
The Dow dropped more than 70 points in the last hour of trading after having risen as high as 126 points earlier Tuesday after two strong auctions of European debt.
Its strongest auction to date, in December 2006, reaped a total of $16 million.
eBay said it made sense to launch a dedicated app for the Motors vertical (one of the company's strongest auction place verticals), which sells cars, parts and accessories, because the volume of purchases made via eBay's main mobile apps.
The latest auction series "puts Hong Kong among the strongest auction markets in the world," alongside London and New York, said Nazy Vassegh, chief executive of Masterpiece London, an international art, antiques and design fair that takes place in the British capital every June.
The market's positive stance on the sector was further enhanced by mid morning following a stronger than expected auction of Spanish bonds.
Works by I Nyoman Masriadi, the top contemporary Indonesian artist at auction, have a strong following, consistently selling for $300,000 to $500,000, and top international galleries have been taking notice.
Still, whose work has rarely performed well at auction, brought a strong price when "1960-F," one of his dramatic abstract canvases filled with bold strokes of color, sold for $3.1 million, just above its $3 million low estimate.
