RESULTS | Christie’s Hong Kong Asian 20th Century & Contemporary Art evening sale totals HK$508 million/ US$66 million

Hong Kong

RESULTS | Christie’s Hong Kong Asian 20th Century & Contemporary Art evening sale totals HK$508 million/ US$66 million

Please click HERE for the full results of Christie’s Hong Kong Asian 20th Century & Contemporary Art Evening Sale held on 28 November 2015, which totalled HK$507,962,500 / US$65,847,788.

The top lot, Vase of Chrysanthemums on a Yellow Table, which was painted in the 1940s by Sanyu, realised HK$46,040,000 / US$5,968,220.

5 new world auction records were set, including the record for a work by Rudolf Bonnet. Additional artists’ records were achieved for Park Seo-Bo, Toshio Yoshida, Liu Wei and Natee Utarit.

Rebecca Wei, President of Christie’s Asia, said: “The evening auction of Asian 20th Century and Contemporary Art realised a total of HKD508 million, with 86% sold by lot and 91% sold by value. These are very solid figures, pointing to continued strong appetite for the category. We had a packed auction room, with very active and almost intense bidding for most of the works offered. What we find most exciting is that our collectors’ profiles are becoming more international – with registrants and buyers coming from 19 and 13 countries respectively, which proves that we are on the right path in globalising Asian Art.”

Eric Chang, Deputy Chairman, International Director of Asian 20th Century and Contemporary Art, added: “The very strong selection of Asian abstract art has been very well received, including paintings by Chinese, Japanese and Korean artists, with almost half of the works selling above their high estimate. These solid results show that Christie’s innovative curatorial approach to Asian abstract art resonates strongly with our clients, whose taste is becoming increasingly diverse. Several artist records were also established, spanning the Asian region and including Chinese, Indo-European, Japanese and Korean artists”.

The day sales of Asian Contemporary Art and Asian 20th Century Art, and Convergences: A Special Sale of Singapore Art will all be held on 29 November, with the first of the sales starting at 10.30 am.

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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. Christie’s has sold 8 of the 10 most important single-owner collections in history, including the Paul G. Allen Collection—the most valuable collection ever offered at auction (November 2022). 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 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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