Back
  • Press release
  • |
  • Hong Kong
  • |
  • For immediate release
  • |
  • 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

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 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 is also recognised as a reference for prestigious single owner collections, having auctioned 8 of the 10 most important collections in history.

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 the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats. 

Christie’s is dedicated to advancing responsible culture throughout its business and communities worldwide, including achieving sustainability through net zero carbon emissions by 2030, and actively using its platform in the art world to amplify under-represented voices and support positive change.

Browse, bid, discover, and join us for the best of art and luxury at: www.christies.com or by downloading Christie’s apps. The COVID-related re-opening status of our global locations is available here.