RESULT: Christie's Hong Kong Southeast Asian Modern and Contemporary Art, 29 November 2010

Hong Kong

Southeast Asian Modern and Contemporary Art

Hong KongMonday, 29 November, 2010Sale no: 2826 - Top Ten

[All sold prices include buyer’s premium]

Sold:  HK$ 56,738,250

US$ 7,307,887

£ 4,677,287

€ 5,520,632

Lots Sold: 103 

Lots Offered: 118 

Sold by Lot: 87%

Sold by Value: 98%

Exchange Rate: HK$1 = US$0.1288/£0.0826/€0.0973  



Estimate (HK$)

Purchase Price



Walter Spies (Germany, 1895 – 1942)

Balinesische Legende (Balinese Legend)


Estimates on request

HK$ 16,900,000

US$ 2,176,720

£ 1,395,940

€ 1,644,370

Asian Private


Raden Saleh (Terbaya 1807- Bogor 1880)

Wounded Lion 


6,000,000 – 8,000,000


HK$ 6,620,000

US$ 852,656

£ 546,812

€ 644,126



I Nyoman Masriadi (b. Indonesia 1973)


800,000 – 1,400,000

HK$ 2,660,000

US$ 342,608

£ 219,716

€ 258,818

Asian Private


Hendra Gunawan (Indonesia 1918 – 1983)


1,170,000 – 1,560,000

HK$  2,060,000

US$ 265,328

£ 170,156

€  200,438

European Private


Lee Man Fong (Indonesia 1913-1988)

Rojak Seller

300,000 – 500,000

HK$ 1,820,000

US$ 234,416

£ 150,332

€  177,086

Asian Private


Le Pho (Vietnam 1907 – France 2001)

Jeune Fille en Blanc (Young Girl in White) 

700,000 – 900,000

HK$ 1,700,000

US$ 218,960

£ 140,420

€ 165,410

Asian Private


I Nyoman Masriadi (b. Indonesia 1973)

Gadis Harli (Harley Girl)

500,000 – 700,000

HK$ 1,220,000

US$ 157,136

£ 100,772

€ 118,706

Asian Private


Handiwirman Saputra (b. Indonesia 1975)

Membayang  (Imagining) 

800,000 – 1,200,000

HK$ 1,220,000

US$ 157,136

£ 100,772

€ 118,706

Asian Private


I Nyoman Masriadi (b. Indonesia 1973)

Mrs Universe

600,000 – 800,000

HK$ 1,160,000

US$ 149,408

£ 95,816

€ 112,868

European Private


Lee Man Fong (Indonesia 1913-1988)

Food Vendor

250,000 – 450,000

HK$ 1,160,000

US$ 149,408

£ 95,816

€ 112,868

Asian Private







































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:'s%20Hong%20Kong%20Auctions/SoutheastAsianArt/RESULTS/

To view the full auction results, please click here:

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