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  • Press release
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  • Hong Kong
  • |
  • For immediate release
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  • 11 July 2020

RESULTS | Modern and Contemporary Art Evening Sale Including the Hong Kong Leg of the ONE Sale Achieved HK$821,327,500 / US$106,488,778

Exceeding the Pre-Sale High Estimate

Sold by Lot 95% | 46% of Lots Sold Above High Estimate

Over 100,000 Viewers Tuned in on Social Media to Follow the Sales

Sustained Asian Bidding Across the ONE Sale

Top Lot of the Evening : SANYU (CHANG YU, 1895 - 1966)

Chrysanthèmes blanches dans un pot bleu et blanc (White Chrysanthemum in a Blue and White Jardiniere)
Price Realised: HK$191,620,000 / US$24,844,389

7 Artist Auction Records Including: Takeo Yamaguchi, George Condo, Javier Calleja,

Chen Ke, Huang Yuxing, and Luong Xuan Nhi

 

Auction debut for Chris Huen Sin Kan and Jonathan Chapline

Jacky Ho, Head of Evening Sale commented, “Our evening sales opened to a highly energized saleroom, with clients from around the world bidding passionately both by telephone and through our digital channels, setting new price benchmarks for both emerging contemporary artists and modern masters. The exceptional results achieved tonight demonstrate that collector appetite remains strong, and that tightly curated, high quality sales which tap the desires of collectors remains paramount. Additionally, through the close global collaboration of our colleagues and international departments, we are thrilled to have kicked off the ONE sale from our Hong Kong sale room, which saw sustained participation from Asia clients throughout the sale.”

White Chrysanthemum in a Blue and White Jardiniere by Sanyu sets a new auction record for a still life by the artist, extending Christie’s leadership in offering the most coveted masterpieces to the market.

 
Following the auction record set for the work Five Nudes last season, Christie’s has established yet another benchmark price for the artist. Appearing at auction for the first time in 15 years, White Chrysanthemum in a Blue and White Jardiniere  attracted intense bidding which lasted over 10 mins, before finally being sold  for HK$191,620,000 / US$24,844,389.

Works by Chinese Contemporary Artists 100% Sold

Standout prices achieved with artist records for Chen Ke and Huang Yuxing 

Leading the group of works by Chinese Contemporary artists was Mondrian in London by Liu Ye, which achieved HK$22,925,000 / US$2,972,329, almost doubling its low estimate. Another highlight was Enlightening by Huang Yuxing, which achieved HK$8,645,000 / US$1,120,863, multiple times over its low estimate.

All Western art works offered 100% sold, including records for George Condo and Javier Calleja 

All  Western artworks offered in the sale found buyers, with almost half of all lots exceeding high estimate. The top lot in this selection was Frost (1) by Gerhard Richter, which realised HK$79,255,000/US$10,275,765. 

Leading the group of work by Southeast Asian Masters was Le Repos (Resting) by Luong Xuan Nhi, which achieved eight times over its low estimate, and realised HK$5,165,000 / US$669,665. Collectively, the group achieved HK$15,825,000 / US$2,051,782, exceeding its pre-sale high estimate.  

The three artworks donated by esteemed ACC alumni and supporters were all sold, which totaled HK$6,310,000 / US$818,120, with proceeds to benefit the Asian Cultural Council.

About Christie’s

Founded in 1766, Christie’s is a world-leading art and luxury business with a physical presence in 46 countries throughout the Americas, Europe, Middle East, and Asia Pacific, and flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. Renowned and trusted for our expert live and online-only auctions, as well as bespoke Private Sales, Christie’s unparalleled network of specialists offers our clients a full portfolio of global services, including art appraisal, art financing, international real estate and education. Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $500 to over $100 million. Christie’s has sold 8 of the 10 most important single-owner collections in history, achieved the world record price for an artwork at auction, launched the first fully on-chain auction platform dedicated to exceptional NFT art and manages an investment fund to support innovative startups in the art market. Christie’s is also committed to advancing responsible culture throughout its business and communities worldwide. To learn more, browse, bid, discover, and join us for the best of art and luxury at christies.com or by downloading Christie’s apps. 

* 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.