RESULTS: Asian 20th Century & Contemporary Art - HK, totaled over HK$705M/US$90.4M

Hong Kong

Asian 20th Century Art (Day Sale) & Asian Contemporary Art (Day Sale) 

Hong Kong – 27 Nov 2011 (Sunday) 10am & 3pm – Sale no: 2885 & 2886 – Top Ten

[All sold prices include buyer’s premium] 

Sold:   HK$  307,459,000

US$ 39,446,990

£ 25,519,097

€ 29,792,777

Lots Sold: 369 

Lots Offered: 484 

Sold by Lot: 76%

Sold by Value: 90%

Exchange Rate: HK$1 = US$0.1283/£0.083/€0.0969

 

Sale/Lot

Description

Estimate (HK$)

Purchase Price

 

Buyer

2885/1101

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

21.10.66

3,000,000 - 5,000,000

HK$ 12,980,000

US$  1,665,334

£ 1,077,340

€ 1,257,762

Asian Private

2885/1146

XU JIANG (B. 1955)

Twelve View of a Sunflower Field XII

3,000,000 - 5,000,000

HK$ 11,300,000

US$  1,449,790

£  937,900

€  1,094,970 

Asian Trade

2886/1409

ZENG FANZHI (B. 1964)

Mao + Calling

6,000,000 - 8,000,000

HK$ 9,020,000

US$ 1,157,266

£ 748,660

€ 874,038

Asian Private

2885/1121

CHU TEH-CHUN (ZHU DEQUN, B. 1920)

No. 280

2,000,000 - 3,000,000

HK$ 8,180,000

US$  1,049,494

£ 678,940

€ 792,642

Asian Private

2886/1416

LIU YE (B. 1964)

Night

4,000,000 - 6,000,000

HK$ 7,820,000

US$ 1,003,306

£ 649,060

€ 757,758 

Asian Private

2885/1120

CHU TEH-CHUN (ZHU DEQUN, B. 1920)

No. 282

2,000,000 - 3,000,000

HK$ 6,140,000

US$ 787,762

£ 509,620

€ 594,966

Asian Private

2886/1407

ZENG FANZHI (B. 1964)

We Series: Self-Portrait

5,000,000 - 7,000,000

HK$ 4,580,000

US$ 587,614

£ 380,140

€ 443,802

Asian Private

2886/1446

LIU WEI (B. 1965)

Businessman

1,200,000 - 1,800,000

HK$ 4,580,000

US$ 587,614

£ 380,140

€ 443,802

Asian Private

2886/1461

XIN DONGWANG (B. 1963)

Jianghu - Encounter

950,000 - 1,200,000

HK$ 4,580,000

US$ 587,614

£ 380,140

€ 443,802

Asian Private

2885/1103

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

22.4.69

 

2,000,000 - 3,000,000

HK$ 4,220,000

US$ 541,426

£ 350,260

€ 408,918

Asian Private

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Eric Chang, International Director of Asian 20th Century and Contemporary Art, said: “Christie's Autumn auctions of Asian 20th Century and Contemporary Art closed on a high note with more than HK$705 million (US$90.4 million) realized in the season’s four Evening and Day Sales, bringing the combined 2011 total to HK$1.52 billion (US$195 million), the largest ever achieved at Christie’s.  More than 60% of works sold above their high estimates, and average lot value for the season was the highest on record at HK$1.7 million, further underscoring the continued evolution of this vibrant market.

 

In the 10 years since we first began offering Asian contemporary and modern art, we have been a key force driving the market’s development.  This season marked an important milestone in the category with the integration of Southeast Asian modern and contemporary art into both the Day and Evening Sales, a move that was met with marked enthusiasm from collectors.

 

Works from modern masters continue to top the sales, with those from Zao Wou-Ki in particularly being among the most coveted. Contemporary works that were fresh to market and well-estimated did exceptionally well across the various regions, resulting in numerous new world auction records.  Cross-cultural buying continues to play a significant role in the development of this market, and this season was no exception, with collectors from Asia and all around the world competing for the very best works from the leading Asian artists.”

 

 

Images can be downloaded here:

http://cshk.myftp.org/2011%20Fall%20Christie's%20Hong%20Kong%20Auctions/A20CA/RESULTS/Sale2885_2886_ACA20CCDaySales_TT/TT%20IMAGES/

 

To view the full auction results:

(Asian 20th Century Art)

http://www.christies.com/LotFinder/searchresults.aspx?intSaleID=23481

 

(Asian Contemporary Art)

http://www.christies.com/LotFinder/searchresults.aspx?intSaleID=23482

About Christie’s

Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Founded in 1766 by James Christie, Christie's has conducted the greatest and most celebrated auctions through the centuries providing a popular showcase for the unique and the beautiful. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie’s also has a long and successful history conducting Private Sales for clients and online sales are offered year-round across all categories. Christie’s global presence is spread across a network of international salerooms and 61 representatives and offices. Christies.com provides detailed articles and videos on the objects offered for sale alongside the latest advances in digital viewing tools to make Christie’s accessible to all.

*Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and are reported net of applicable fees.