RESULTS: SALES OF ASIAN 20TH CENTURY & CONTEMPORARY ART ACHIEVE IN EXCESS OF HK$674,575,000 (US$87,492,378)

Hong Kong

 

Asian 20th Century Art (Day Sale)

Hong Kong – 25 November 2012 (Sunday) 10am – Sale no: 2956 – Top Ten

[All sold prices include buyer’s premium]

Sold:   HK$ 149,751,000

US$ 19,422,705

£ 12,174,756

€ 15,035,000

Lots Sold: 217 

Lots Offered: 258 

Sold by Lot: 84%

Sold by Value:  92%

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

 

Lot

Description

Estimate (HK$)

Purchase Price

Buyer

149

QIU TI (1906-1958)

West Lake in Autumn

2,200,000-2,600,000

HK$ 5,300,000

US$ 687,410

£ 430,890

€ 532,120

Asian Private

102

ZAO WOU-KI  (B. 1920)

18.04.50

1,800,000-2,600,000

HK$ 4,340,000

US$ 562,898

£ 352,842

€ 435,736

Asian Private

170

AI XUAN (B. 1947)

Misty Day

2,000,000-3,000,000

HK$ 3,860,000

US$ 500,642

£ 313,818

€ 387,544

Asian Private

110

CHU TEH-CHUN   (B. 1920)

4.4.1979

1,800,000-2,400,000

HK$ 3,740,000

US$ 485,078

£ 304,062

€ 375,496

Asian Private

106

CHU TEH-CHUN 

(B. 1920)

No. 92

3,000,000-4,000,000

HK$ 3,380,000

US$ 438,386

£ 274,794

€ 339,352

Asian Private

101

ZAO WOU-KI  (B. 1920)

10.07.76

1,800,000-2,600,000 

HK$ 3,260,000

US$ 422,822

£ 265,038

€  327,304

Asian Private

113

LIN FENGMIAN (1900 - 1991)

Opera Series: Lotus Lantern

2,500,000-3,500,000

HK$ 3,140,000

US$ 407,258

£ 255,282

€ 315,256

Asian Private

209

ABDUL AZIZ (1928 - 2002)

The Courtship

600,000-800,000

HK$ 3,140,000

US$ 407,258

£ 255,282

€ 315,256

Asian Private

230

AFFANDI (1907 - 1990)

The Pig Seller from Bali

1,000,000-1,500,000

HK$ 2,900,000

US$ 376,130

£ 235,770

€ 291,160

Asian Private

111

LIN FENGMIAN (1900 - 1991)

Portrait of a Nun

1,500,000-2,000,000

HK$ 2,780,000

US$ 360,566

£ 226,014

€ 279,112

Asian Private

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asian Contemporary Art (Day Sale)

Hong Kong – 25 November 2012 (Sunday) 2:30pm – Sale no: 2957 – Top Ten

[All sold prices include buyer’s premium]

Sold:   HK$ 104,424,000

US$ 13,543,793

£ 8,489,671

€ 10,484,170

Lots Sold: 216 

Lots Offered: 278 

Sold by Lot: 78%

Sold by Value: 84%

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

 

Lot

Description

Estimate (HK$)

Purchase Price

Buyer

417

ZHOU CHUNYA (B. 1955)

We Come from Germany

4,000,000-6,000,000

HK$ 5,780,000

US$ 749,666

£ 469,914

€ 580,312

Asian Private

437

ZENG FANZHI (B. 1964)

Untitled

2,000,000-3,000,000

HK$ 3,380,000

US$ 438,386

£ 274,794

€ 339,352

Asian Private

428

ZENG FANZHI (B. 1964)

Mask Series

2,000,000-3,000,000

HK$ 3,260,000

US$ 422,822

£ 265,038

€ 327,304

European Trade

472

DING YI (B. 1962)

Appearance of the Crosses Series

500,000-800,000

HK$ 3,140,000

US$ 407,258

£ 255,282

€  315,256

Asian Private

434

HUANG YONG PING (B. 1954)

Da Xian: The Doomsday

1,800,000-2,400,000

HK$ 2,900,000

US$ 376,130

£ 235,770

€ 291,160

Asian Private

423

LIU YE (B. 1964)

Horse and Rider

2,000,000-3,000,000

HK$ 2,660,000

US$ 345,002

£ 216,258

€ 267,064

Asian Private

424

LIU YE (B. 1964)

Composition for Mondrian

1,500,000-2,000,000

HK$ 2,660,000

US$ 345,002

£ 216,258

€ 267,064

European Private

430

YOSHITOMO NARA (B. 1959)

Wind

1,000,000-1,500,000

HK$ 2,180,000

US$ 282,746

£ 177,234

€ 218,872

European Private

432

ZENG FANZHI (B. 1964)

Class One Series: No. 29

1,800,000-2,400,000

HK$ 2,180,000

US$ 282,746

£ 177,234

€ 218,872

Asia Private

435

FANG LIJUN (B. 1963)

2001.7.25

2,400,000-3,200,000

HK$ 2,180,000

US$ 282,746

£ 177,234

€ 218,872

Asian Private

440

TANG ZHIGANG (B.1959)

Chinese Fairytale Series: Jade

1,500,000-2,500,000

HK$ 2,180,000

US$ 282,746

£ 177,234

€ 218,872

Asian Private

442

YUE MINJUN(B.1962)

Hat Series

1,000,000-1,500,000

HK$ 2,180,000

US$ 282,746

£ 177,234

€ 218,872

Asian Private

474

XU BING (B.1955)

New English Calligraphy: Quotations From Chairman Mao

800,000-1,200,000

HK$ 2,180,000

US$ 282,746

£ 177,234

€ 218,872

Asian Private

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hong Kong – The autumn season’s three sales of Asian 20th Century and Contemporary Art achieved HK$674,575,000 (US$87,492,378), and sold in excess of 81% by lot and 93% by value. 

Eric Chang, International Director of Asian 20th Century & Contemporary Art, said, “This season we expanded the quantity and range of art offered at our sales. This led to increased international and new buyer participation, resulting in a high sold through rate, as well as a growth in sales. In the spirit of our theme of "East meets West," we witnessed truly cross-cultural buying, including European buying of Southeast Asian works and Japanese buying of Vietnamese art. These results are testament to Christie's ambition over more than ten years to diversify our buyer base by bringing the markets in Asia and the West closer together and promoting globally the appeal of Asian Twentieth Century and Contemporary Art.”  

Images & top ten results can be downloaded here: 

Asian 20th Century & Contemporary Art (Evening Sale, 2955) 

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

Asian 20th Century Art (Day Sale, 2956)

http://cshk.myftp.org//2012%20Fall%20Christie's%20Hong%20Kong%20Auctions/A20CA/Results/Sale%202956_A20CC/

Asian Contemporary Art (Day Sale, 2957) 

http://cshk.myftp.org//2012%20Fall%20Christie's%20Hong%20Kong%20Auctions/A20CA/Results/Sale%202957_ACA/

To view the full auction results: 

Asian 20th Century & Contemporary Art (Evening Sale, 2955) 

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

Asian 20th Century Art (Day Sale, 2956)

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

Asian Contemporary Art (Day Sale, 2957) 

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

Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pacific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).

Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvator Mundi, 2017), for a 20th century artwork (Andy Warhol’s Shot Sage Blue Marilyn, 2022) and for a work by a living artist (Jeff Koons’ Rabbit, 2019). Christie's is also recognised as a reference for prestigious single owner collections, having auctioned 8 of the 10 most important collections in history.

Christie’s Private Sales offers a seamless service for buying and selling art, jewellery and watches outside of the auction calendar, working exclusively with Christie’s specialists at a client’s individual pace.

Recent innovations at Christie’s include the groundbreaking sale of the first NFT for a digital work of art ever offered at a major auction house (Beeple’s Everydays, March 2021), with the unprecedented acceptance of cryptocurrency as a means of payment. As an industry leader in digital innovation, Christie’s also continues to pioneer new technologies that are redefining the business of art, including use of hologram technology to tour life-size 3D objects around the world, and the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats. 

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