Sotheby’s 4 – 5 October Sales of
Modern and Contemporary Asian Art
Achieve HK$819,257,000 / US$105,032,949

 

CONTEMPORARY ASIAN ART: HK$374,495,750 / US$48,012,276 

Solid Results in the Market for Chinese Contemporary Art and increasing attention for Japanese and Korean Contemporary artists in this sophisticated collecting field

 Many new collectors from around Asia competed in these two days of sales

 Full Circle – Yoshihara Jiro Collection offered 21 fresh-to-market works from the celebrated Gutai founder’s personal collection and realised HK$26,746,250 / US$3,429,006, over four times the pre-sale estimate (HK$5,920,000) o White glove sale with 100% of lots sold o All lots are sold above high estimates, many of which are in multiples of their pre-sale estimates

 

 Outstanding results achieved for abstract Asian works, especially works by Gutai Group artists 4 October Contemporary Asian Art in Modern And Contemporary Asian Art Evening Sale HK$259,260,000 / US$33,238,462 5 October Full Circle – Yoshihara Jiro Collection HK$26,746,250 / US$3,429,006 5 October Contemporary Asian Art Day Sale HK$88,489,500 / US$11,344,808 Two-Day Total HK$374,495,750 / US$48,012,276 MODERN ASIAN ART: HK$288,211,250 / US$36,950,160

 “Embodying The Dao of Martial Arts – Important Sculptures by Ju Ming from the Collection of Johnson Chang Tsong-Zung” Single-Owner Collection: o Total price achieved (HK$50,843,750) exceeds pre-sale estimate (HK$37,790,000) o More than 40% of lots sold above high estimates

 Strong prices were seen for top-quality Modern Asian artworks, including Wu Guanzhong’s Peach Blossoms fetching HK$44.44 million, the second-highest price achieved for the Evening Sale  Day Sale special section on Lalan 100% sold 4 October Modern Asian Art in Modern And Contemporary Asian Art Evening Sale HK$243,028,750 / US$31,157,532 5 October Modern Asian Art Day Sale HK$45,182,500 / US$5,792,628 Two-Day Total HK$288,211,250 / US$36,950,160 Hong Kong | Ruby Hung | +852 2822 8146 | ruby.hung@sothebys.com | Winnie Tang | +852 2822 8129 | winnie.tang@sothebys.com London | Matthew Weigman | matthew.weigman@sothebys.com New York | Dan Abernethy | dan.abernethy@sothebys.com 2 MODERN AND CONTEMPORARY SOUTHEAST ASIAN ART: HK$156,550,000 / US$20,070,513

 Sotheby’s largest-ever evening sale grouping for the category achieved an exceptional sell-through rate of over 90% sold by lot and by value

 Blue-chip, fresh and rare works by established modern and contemporary artists are sought after by the market

 New participants are seen from across Asia

 Satisfactory results achieved for abstract section

 Delightful performance by young artists debuting at auction, including Brian Uhing’s In The Guerdoners Garden which realised HK$1.5 million, ten times its pre-sale estimate (HK$150,000) 4 October Modern and Contemporary Southeast Asian Art in Modern And Contemporary Asian Art Evening Sale HK$93,337,500 / US$11,966,346 5 October Modern and Contemporary Southeast Asian Art Day Sale HK$63,212,500 / US$8,104,167 Two-Day Total HK$156,550,000 / US$20,070,513

 

see auction dates by christies

all informations are given without guarantee of corrrectness

 

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