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  • 28 November 2016

RESULTS: Christie’s Hong Kong Asian 20th Century & Contemporary Art auction series totalled HK$677,668,750/US$87,753,125

On 26 and 27 November 2016, Christie’s Hong Kong held three auctions for Asian 20th Century & Contemporary Art and the special themed The Pioneers evening sale which together realised a total of HK$677,668,750/US$87,753,125.

Over 30% of lots sold in the two Day Sales exceeded high estimates

21 artists’ records achieved for works by: Chu Teh-Chun, Lin Fengmian, Atsuko Tanaka, Anita Magsaysay-Ho, Jolene Lai, Na Wei, Shinji Ogawa, Oh Se-Yeol, Fung Yat Fung, Zhou Mingde, Lugas Syllabus, Shinro Ohtake, Abas Alibasyah, Umi Dachlan, Fan Chang Tien, Hsu Tung-Lung, Hwang Yong-Yop, Nguyen Sang, Nguyen Nam Son, Ushio Shinohara and Arie Smit.

Eric Chang, Deputy Chairman, International Director of Asian 20th Century and Contemporary Art, commented “The four sales presented a comprehensive offering of contemporary and modern artists as they continue to gain prominence on the world stage, particularly those from Vietnam, Japan, China, the Philippines, Indonesia, Malaysia, and Korea. Strong bidding in the room, on the phone and online was witnessed across the sales as collectors bid enthusiastically between the different categories of Asian 20th Century Art and Asian Contemporary Art, in the process, setting world records for some the most iconic artists such as Chu-teh Chun, Lin Fengmian, Sanyu, Atsuko Tanaka and Anita Magsaysay Ho”.

Please click HERE for the results of the 27 November Asian Contemporary Art Day Sale, which totalled HK$55,523,750/US$7,189,918 with 78% sold by lot. The top lot for the sale was Class One Series No.1;23;&28 by Zeng Fanzhi, which realised HK$6,300,000/US$815,804. A portion of the sale from the work Wall of Jordan by Michael Lau, which realised HK$1,375,000/US$178,052, will be donated to the charity Youth Outreach.

Please click HERE for the results of the 27 November Asian 20th Century Art Day Sale, which totalled HK$104,725,000/US$13,561,118, with 77% sold by lot. The top lot for the sale was The Mansion of the Queen by Wu Guanzhong, which realised HK$ 6,660,000/US$862,421.

Please click HERE for the results of the 26 November Asian 20th Century & Contemporary Art Evening Sale, which totalled HK$177,800,000/US$23,023,794, with 73% sold by lot. The top lot for the sale was Eastern Youth by Yoshitomo Nara, which realised HK$16,860,000/US$2,183,247.

Please click HERE for the results of the 26 November The Pioneers Sale of which the Asian 20th Century & Contemporary Art pieces contributed HK$339,620,000/ US$43,978,296. The top lot for the sale was Chrysanthemums in a Glass Vase by Sanyu, which realised HK$103,580,000/US$13,412,854.

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).

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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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