RESULTS | The First Sale of Singapore Art at an International Auction House Achieves HK$37 million /US$5 million


The First Sale of Singapore Art at an International Auction House Achieves HK$37 million /US$5 million


Convergences: A Special Sale of Singapore Art was held at Christie’s Hong Kong on 29 November, marking the golden jubilee of Singapore’s national independence, and realising HK$36,791,250 / US$4,769,295.

This was the first time an international auction house has dedicated an individual sale to Singapore Art.

The top lot for the sale was Cheong Soo Pieng’s Balinese Dance (illustrated left), which achieved HK$7,720,000 / US$1,000,753 establishing a world record price for the artist at auction.

Overall 10 records were set which represented half of all the artists in the sale, with buyers from 7 countries across the Asian region.

Wang Zineng, Head of Sale -Southeast Asian Art, commented:Christie’s carefully curated auction dedicated to Singapore art was enthusiastically received by buyers selling 93% by lot and 97% by value. The strong results demonstrate the growing appetite for Singapore art with Pan-Asian collectors, both seasoned and new, competing passionately for the works presented. The sale established numerous artist’s records, bringing Singapore art to a new level within the Asian art market.

Please click HERE for the full results of the sale Convergences: A Special Sale of Singapore Art, with images and cataloguing.

The auctions at Christie’s Hong Kong continue until 2 December.

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 Salvador Mundi, 2017), for a single collection sale (the Collection of Peggy and David Rockefeller, 2018), 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 the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats. 

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