RESULTS: Asian 20th Century & Contemporary Art (Evening Sale)

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Hong Kong

Asian 20th Century & Contemporary Art (Evening Sale)

Hong Kong – 28 May 2011 – Sale no: 2853 – Top Ten

[All sold prices include buyer’s premium]

 

Sold:   HK$  492,660,000 

US$ 63,306,810

£ 38,427,480

€ 44,339,400

Lots Sold: 43

Lots Offered: 45 

Sold by Lot: 96%

Sold by HK$: 95%

Exchange Rate: HK$1 = US$0.1285/£0.078/€0.09

 

Lot

Description

Estimate (HK$)

Purchase Price

Buyer

1014

ZAO WOU-KI (ZHAO WUJI, B. 1920)

2.11.59

10,000,000-15,000,000

HK$ 40,980,000

US$ 5,265,930

£ 3,196,440

€ 3,688,200

Asian private

1013

ZAO WOU-KI (ZHAO WUJI, B. 1920)

14.11.63

12,000,000-16,000,000

HK$ 38,740,000

US$ 4,978,090

£ 3,021,720

€ 3,486,600

Asian private

1024

ZENG FANZHI (B. 1964)

Self-Portrait

25,000,000-35,000,000

HK$ 37,620,000

US$ 4,834,170

£ 2,934,360

€ 3,385,800

European private

1004

SANYU (CHANG YU, 1901-1966)

Pink Plum Blossoms & Green Branches

15,000,000-20,000,000

HK$ 36,500,000

US$ 4,690,250

£ 2,847,000

€3,285,000

Asian private

1046

ZENG FANZHI (B. 1964)

The Leopard

6,000,000-8,000,000

HK$ 36,000,000

US$ 4,626,000

£ 2,808,000

€ 3,240,000

Asian private

1021

ZHANG XIAOGANG (B. 1958)

Bloodline: Big Family - Father and Son

14,000,000-20,000,000

HK$ 28,660,000

US$ 3,682,810

£ 2,235,480

€2,579,400

Asian corporation

1025

FANG LIJUN (B. 1963)

Series 1, No. 5

5,500,000-7,500,000

HK$ 21,940,000

US$ 2,819,290

£ 1,711,320

€ 1,974,600

Asian private

1045

ZENG FANZHI (B. 1964)

Mask Series No. 3

5,000,000-8,000,000

HK$  20,260,000

US$ 2,603,410

£ 1,580,280

€ 1,823,400

Asian private

1009

WU GUANZHONG (1919-2010)

City Overlooks the Yangtze River

5,000,000-7,000,000

HK$ 17,460,000

US$ 2,243,610

£ 1,361,880

€ 1,571,400

Asian private

1012

JU MING (ZHU MING, B. 1938)

Taichi Series – Sparring 

14,000,000-18,000,000

HK$ 16,340,000

US$ 2,099,690

£ 1,274,520

€ 1,470,600

Asian private

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Eric Chang, International Director of Christie’s Hong Kong Chinese 20th Century Art & Asian Contemporary Art, commented, “Our Evening Sale of Asian 20th Century & Contemporary Art achieved a total of HK$493 million/US$63.3 million.  Not only is this result double the pre-sale estimate and a 74% increase from Autumn 2010, but it already exceeds the pre-sale estimates of the Evening and two Day sales combined. Since interest before the sale was so strong, we decided for the first time to set up two salerooms to offer concurrent bidding. It was very exciting to see the competitive bidding between these two packed salerooms, which added to the electrifying atmosphere. In addition to Chinese 20th Century artists, we also introduced Asian masters from Korea, such as Lee Ufan, and from Japan Léonard Tsuguharu Foujita and Zenzaburo Kojima, whose ‘Nude Reclining on Yellow Chair’  broke the artist’s record at HK$2,660,000 /US$341,810.  We are gratified that the strong prices for these Asian masters show that the Asian art market is consolidating and maturing in the same way that the London and New York art markets have developed.   Another highlight of the evening was the charity auction of a work by renowned Chinese contemporary artist Zeng Fanzhi – ‘The Leopard’ –  that raised HK$36 million. With Christie’s waiving all commissions, the proceeds of the sale of this work will go to The Nature Conservancy. We are privileged to be part of this worthy cause, and we look forward to our Day sales tomorrow.

 

Images can be downloaded here: 

http://cshk.myftp.org/Spring%202011%20Christie's%20Hong%20Kong%20Auctions/AsianContempArt/RESULTS/2853%20Evening%20Sale/

 

To view the full auction results: 

http://www.christies.com/LotFinder/searchresults.aspx?intSaleID=23455

 

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