• Press release
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  • Hong Kong
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  • For immediate release
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  • 28 May 2017

RESULTS: Christie’s Hong Kong Asian 20th Century & Contemporary Art Auction Series Totalled HK$731,728,750/US$94,359,895 Staging a Converging Platform for Global Artists and Collectors

ZAO WOU-KI (FRANCE/CHINA, 1920 - 2013) 29.09.64, oil on canvas, 230 x 345 cm, (90 ½ x 135 ⅞ in.), Painted in 1964, Estimate HK$38,000,000-48,000,000 Realised HK$152,860,000/US$19,712,015

On 27 and 28 May 2017, Christie’s Hong Kong held three auctions for Asian 20th Century & Contemporary Art - Contemporaries: Voices from East and West, Asian Contemporary Art Day Sale and Asian 20th Century Art Day Sale which together realised a total of HK$731,728,750/ US$94,359,895.

Eric Chang, Deputy Chairman, International Director of Asian 20th Century and Contemporary Art, commented: “This season marked the debut of a truly global evening sale uniting the very best of  Western and Asian art. Bidding was particularly strong for The Contemporaries Evening Sale which achieved 92% sold by lot and establishing three auction world records. The success of this inaugural evening sale, built around a global theme, breaking all geographical and cultural boundaries, epitomises the growing trend of Asian buyers gravitating towards Western art and vice-versa.

 It was particularly encouraging to see a truly international mix of buyers in this sale with over 20% of lots bought by clients from outside Asia. The three sales together achieved almost 30 records for emerging and established artists demonstrating strong support for a broad spectrum of works and price points”.

29 artist records achieved for works by: Zao Wou-Ki, Park Seo-Bo, Li Chen, Tomokazu Matsuyama, Hoang Tich Chu, Fong Chung Ray, Li Yuan-Chia, Pacita Abad, Joung Young-Ju, Hwang Yong-Yop, Yoshimasa Tsuchiya, Pang Jiun, Fung Yat-Fung, Oh Se-Yeol, Kayoko Kimura, Ushio Shinohara, Kozo Mio, Mariam Sofrina, Tomona Matsukawa, Patricia Eustaquio, Mika Ninagawa, Wong Keen, Tomohiro Inaba, Zheng Zaidong, Chiu Tze-Yan, Wu Tian-Chang, Cheung Wai Man, I Made Wiguna Valasara and Shu Takahashi.

Please click HERE for the results of the 27 May Contemporaries: Voices from East and West Evening Sale, which totalled HK$543,380,000/US$70,071,430 with 82% sold by lot.

 The top lot for the sale was 29.09.64  by Zao Wou-Ki, which realised HK$152,860,000/US$19,712,015, setting a new world record for the artist.

Please click HERE for the results of the 28 May Asian 20th Century Art Day Sale, which totalled HK$120,913,750 /US$15,592,402 with 70% sold by lot and 82% by value.

 One of the top lot for the sale was Years by Luo Zhongli, which realised HK$4,260,000/US$549,347.

Please click HERE for the results of the 28 May Asian Contemporary Art Day Sale, which totalled HK$67,435,000 /US$8,696,063 with 72% sold by lot and 87% by value.

The top lot for the sale was Lemon Tea  by Kusama, which realised HK$8,700,000/US$1,121,906.

LUO ZHONGLI(CHINA, B. 1948)YEARS,oil on canvas, 147.7 x 96.5 cm. (58 1/8 x 38 in.), Painted in 1984, EstimateHK$3,500,000-5,500,000,RealisedHK$4,260,000/US$549,347
LUO ZHONGLI (CHINA, B. 1948) YEARS, oil on canvas, 147.7 x 96.5 cm. (58 1/8 x 38 in.), Painted in 1984, Estimate HK$3,500,000-5,500,000, Realised HK$4,260,000/US$549,347 
YAYOI KUSAMA (JAPAN, B. 1929),LEMON TEA.collage, acrylic on canvas, 116.7 x 91 cm. (46 x 35 7/8 in.), Painted in 1981, EstimateHK$3,800,000-4,800,000,RealisedHK$8,700,000/US$1,121,906
YAYOI KUSAMA  (JAPAN, B. 1929), LEMON TEAcollage, acrylic on canvas, 116.7 x 91 cm. (46 x 35 7/8 in.), Painted in 1981, Estimate HK$3,800,000-4,800,000, Realised HK$8,700,000/US$1,121,906  

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