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

Hong Kong

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

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

Asian 20^th 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 20^th 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 20^th 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.

Christie’s is dedicated to advancing responsible culture throughout its business and communities worldwide, including achieving sustainability through net zero carbon emissions by 2030, and actively using its platform in the art world to amplify under-represented voices and support positive change.

Browse, bid, discover, and join us for the best of art and luxury at: www.christies.com or by downloading Christie’s apps. The COVID-related re-opening status of our global locations is available here.

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

Hong Kong

About Christie’s

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