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  • Press release
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  • Hong Kong
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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  

About Christie’s

Christie’s, the world's leading art business, had global auction, private and digital sales in the first half of 2018 that totalled £2.97 billion / $4.04 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie's also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War & Contemporary, Impressionist & Modern, Old Masters and Jewellery.

Alongside regular sales online, Christie’s has a global presence in 46 countries, with 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, and Shanghai.

*Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and are reported net of applicable fees.