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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. 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).

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 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.