Southeast Asian Modern and Contemporary Art
Hong Kong – Monday, 29 November, 2010 – Sale no: 2826 - Top Ten
[All sold prices include buyer’s premium]
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Sold: HK$ 56,738,250
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US$ 7,307,887
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£ 4,677,287
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€ 5,520,632
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Lots Sold: 103
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Lots Offered: 118
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Sold by Lot: 87%
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Sold by Value: 98%
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Exchange Rate: HK$1 = US$0.1288/£0.0826/€0.0973
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Lot
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Description
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Estimate (HK$)
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Purchase Price
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Buyer
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1594
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Walter Spies (Germany, 1895 – 1942)
Balinesische Legende (Balinese Legend)
WORLD AUCTION RECORD FOR THE ARTIST
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Estimates on request
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HK$ 16,900,000
US$ 2,176,720
£ 1,395,940
€ 1,644,370
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Asian Private
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1604
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Raden Saleh (Terbaya 1807- Bogor 1880)
Wounded Lion
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6,000,000 – 8,000,000
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HK$ 6,620,000
US$ 852,656
£ 546,812
€ 644,126
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Anonymous
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1519
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I Nyoman Masriadi (b. Indonesia 1973)
Trombone
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800,000 – 1,400,000
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HK$ 2,660,000
US$ 342,608
£ 219,716
€ 258,818
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Asian Private
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1610
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Hendra Gunawan (Indonesia 1918 – 1983)
Conversation
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1,170,000 – 1,560,000
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HK$ 2,060,000
US$ 265,328
£ 170,156
€ 200,438
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European Private
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1616
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Lee Man Fong (Indonesia 1913-1988)
Rojak Seller
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300,000 – 500,000
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HK$ 1,820,000
US$ 234,416
£ 150,332
€ 177,086
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Asian Private
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1579
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Le Pho (Vietnam 1907 – France 2001)
Jeune Fille en Blanc (Young Girl in White)
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700,000 – 900,000
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HK$ 1,700,000
US$ 218,960
£ 140,420
€ 165,410
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Asian Private
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1510
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I Nyoman Masriadi (b. Indonesia 1973)
Gadis Harli (Harley Girl)
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500,000 – 700,000
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HK$ 1,220,000
US$ 157,136
£ 100,772
€ 118,706
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Asian Private
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1538
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Handiwirman Saputra (b. Indonesia 1975)
Membayang (Imagining)
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800,000 – 1,200,000
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HK$ 1,220,000
US$ 157,136
£ 100,772
€ 118,706
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Asian Private
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1520
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I Nyoman Masriadi (b. Indonesia 1973)
Mrs Universe
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600,000 – 800,000
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HK$ 1,160,000
US$ 149,408
£ 95,816
€ 112,868
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European Private
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1617
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Lee Man Fong (Indonesia 1913-1988)
Food Vendor
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250,000 – 450,000
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HK$ 1,160,000
US$ 149,408
£ 95,816
€ 112,868
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Asian Private
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Ms Ruoh-Ling Keong, Head of Christie's Southeast Asian Modern and Contemporary Art Department, said, “The sale total of HK$56.7million represents a nearly 70% increase over the same sale last year. With average prices approximate in line with those seen at the height of the market, and several records set across the modern and contemporary sections, the market for the finest works of art from Southeast Asia is indeed healthy and robust.
There was a buzz in the auction hall when the hammer went down on the Walter Spies masterpiece Balinesishe Legende (Balinese Legend), setting a new record for the artist at HK$16.9 million. Likewise, the significant market response from both private collectors and institutions to Wounded Lion by Raden Saleh underscores that top prices for historically important modern works is indeed well-deserved.
The contemporary section saw global collectors responding in earnest to not only works from the established rock stars of the category including I Nyoman Masriadi and Handiwirman Saputra, but also those from newer artists, reminding us that the vibrant nature of this category has an appeal beyond national borders.
We now have our eyes set on the Spring, which promises to be bright as there is already a noticeable buzz from collectors given the numerous exhibitions, fairs, and biennales on the horizon in and around the region.”
Images of select top lots as well as images from the auction hall can be downloaded here:
http://cshk.myftp.org/Fall%202010%20Christie's%20Hong%20Kong%20Auctions/SoutheastAsianArt/RESULTS/
To view the full auction results, please click here:
http://www.christies.com/LotFinder/searchresults.aspx?intSaleID=23363
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