RESULTS: CHRISTIE’S HONG KONG EVENING SALE OF ASIAN 20TH CENTURY & CONTEMPORARY ART ACHIEVES HK$420,400,000 (US$54,525,880)

Hong Kong

Asian 20th Century & Contemporary Art (Evening Sale)

Hong Kong – 24 November 2012 (Saturday) 7pm – Sale no: 2955 – Top Ten

[All sold prices include buyer’s premium]

 

Sold:   HK$ 420,400,000

US$ 54,525,880

£ 34,178,520

€ 42,208,160

Lots Sold: 39

Lots Offered: 45

Sold by Lot: 87%

Sold by Value: 95%

Exchange Rate: HK$1 = US$0.1297/£0.0813/0.1004

 

Lot

Description

Estimate (HK$)

Purchase Price

Buyer

011

CHU TEH-CHUN (B. 1920)

La forêt blanche II

WORLD AUCTION RECORD FOR THE ARTIST

Estimate on request

HK$ 60,020,000

US$ 7,784,594

£ 4,879,626

€  6,026,008

Asian Private

007

ZAO WOU-KI (B. 1920)

15.05.60

22,000,000-28,000,000

HK$ 34,260,000

US$ 4,443,522

£ 2,785,338

€  3,439,704

Asian Private

018

SANYU (1901-1966)

Pot de chrysanthèmes roses

15,000,000-20,000,000

HK$ 33,140,000

US$  4,298,258

£  2,694,282

€  3,327,256

Asian Private

003

ZAO WOU-KI (B. 1920)

23.05.61

8,000,000-

10,000,000

HK$ 25,300,000

US$ 3,281,410

£ 2,056,890

€  2,540,120

Asian Private

032

ZENG FANZHI (B. 1964)

Mask Series

20,000,000-25,000,000

HK$ 22,500,000

US$  2,918,250

£  1,829,250

€  2,259,000

Asian Private

010

CHU TEH-CHUN (B. 1920)

No. 314

18,000,000-26,000,000

HK$ 21,940,000

US$ 2,845,618

£ 1,783,722

€  2,202,776

Asian Private

009

CHU TEH-CHUN (B. 1920)

No. 96

12,000,000-18,000,000

HK$ 20,820,000

US$ 2,700,354

£ 1,692,666

€ 2,090,328

Asian Private

012

CHU TEH-CHUN (B. 1920)

No. 81

10,000,000-16,000,000

HK$ 20,820,000

US$ 2,700,354

£ 1,692,666

€ 2,090,328

Asian Private

031

ZENG FANZHI (B. 1964)

Mask Series

8,000,000-

10,000,000

HK$ 15,780,000

US$ 2,046,666

£ 1,282,914

€  1,584,312

Asian Private

040

ZHANG XIAOGANG (B. 1958)

2001 No. 8

11,000,000-16,000,000

HK$ 12,420,000

US$ 1,610,874

£ 1,009,746

€ 1,246,968

Asian Private

 

Hong Kong On Saturday, November 24, 2012, the Evening Sale of Asian 20th Century & Contemporary Art realised HK$420,400,000 (US$54,525,880), and sold in excess of 87% by lot and 95% by value. Two world auction records were established; La forêt blanche II by 20th Century Chinese artist Chu Teh-Chun sold for HK$60,020,000 (US$7,784,594) and Abstract Triptych by Singaporean artist Cheong Soo-Pieng sold for HK$4,220,000 (US$547,334).

 

Eric Chang, International Director of Asian 20th Century & Contemporary Art, said, “There were buyers from Asia, Europe and the Middle East in this Evening Sale, which demonstrates the increasing diversity and depth of this collecting market. Among the 39 lots sold, 11 sold in excess of HK$10,000,000 (US$1,297,000), and two thirds of the total number of lots sold for over the high estimate. We look forward to Christie’s Day Sales of Asian 20th Century & Contemporary Art on Sunday, November 25.”

 

Images and top ten results can be downloaded here:

http://cshk.myftp.org/2012%20Fall%20Christie's%20Hong%20Kong%20Auctions/A20CA/Results/Sale%202955_Evening%20Sale/

 

To view the full auction results:

Asian 20th Century & Contemporary Art Evening Sale, Sale 2905

 http://www.christies.com/sales/asian-20th-century-and-contemporary-art-hongkong-november-2012/asian-20th-century-evening.aspx

 

Press Contacts

Luyang Jiang (Hong Kong) +852 2978 9919, ljiang@christies.com

Suky Lo (Hong Kong) +852 2978 6736, sukylo@christies.com

Meng Mi (Beijing) +86 10 65006517, mmi@christies.com

 

About Christie’s

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