Christie's Hong Kong 2020 July Auctions Exceeds Pre-Sale High Estimate with 88% Lots Sold for a Total of HK$1.84 billion

This season's auctions realised a total of HK$1.84 billion from 11 sales across six days and established 13 world auction records across art and luxury. The tightly curated sales found buyers for 88% of the works offered, reflecting a confident market that drew global buyers from 35 countries, of which 22% were new to Christie’s.

Passionate bidding throughout the week saw Christie’s achieve new price benchmarks for leading international artists, with a combined total of HK$968 million for our Modern and Contemporary Art auctions. Led by Sanyu’s monumental White Chrysanthemum in a Blue and White Jardiniere, the masterwork sold for HK$191.6 million at the Evening Sale after over 10 minutes of intense bidding to set a new auction record for a still life by the artist. Adding to the auction record held by Sanyu’s Five Nudes last season, Christie’s again reinforces our enduring leadership in offering museum-quality masterpieces to the market.

The electrifying momentum continued with ONE: A Global Sale of the 20th Century, achieving a total of HK$3.2 billion, with 25% of works on the auction block won by buyers in Asia. Gerhard Richter's Frost (1) fetched HK$79.2 million during the Hong Kong leg of the auction to become the most expensive work by the artist sold in Asia. Over 100,000 viewers tuned in to watch the top lot from our first-ever global live auction, Nude with Joyous Painting by Roy Lichtenstein, presented in New York, sell to a phone bidder in the Hong Kong saleroom for US$46.2 million.

The evening also celebrated artist auction records established for Takeo Yamaguchi, George Condo, Javier Calleja, Chen Ke, Huang Yuxing, and Luong Xuan Nhi.

For the third consecutive season, our highly anticipated Important Watches sale further established world auction records. The highly sought-after Patek Philippe references 5033 and 2524/1, set world auction records at HK$15 million and HK$6.1 million respectively, to continue Christie’s market leadership in Asia and in offering the most valuable Patek Philippe timepieces.

Magnificent Jewels led the luxury categories with YAN, an incredible 12.11 Carats Fancy Intense Blue/IF diamond Ring that realised HK$122.3 million, reaffirming our global leadership in Jewellery. Christie’s is the only auction house in Asia that has thus far, sold a single jewellery lot over HK$100 million this year.

Rare properties with exceptional provenance continued to attract keen collectors, as demonstrated by Pu Ru’s Album of Paintings and Calligraphy which sold for HK$21.7 million to set an international auction house record for the artist, as well as a group of Buddhist art from a private Asian collection which totalled HK$29.4 million in a dedicated sale. Exceeding its pre-auction high estimate, proceeds from the sale will benefit mental health charities in Asia.

Other highlights include an Hermès Matte Gris Cendrè Himalaya Niloticus Crocodile Diamond Birkin 30 with 18K White Gold & Diamond Hardware, which doubled its pre-sale estimate to fetch HK$2.5 million at our Handbags & Accessories auction. In addition, the debut sale of Juyondai premium sake at our Finest & Rarest Wines and Spirits auction was 100% sold.

Almost a quarter of buyers throughout the series of sales were millennials whom responded enthusiastically to our pioneering new formats. The week also saw a sharp increase of 47% in online registrants, testament that our ongoing digital innovations continue to bring us closer to our clients, driving engagement and transactions.

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Explore the auctions

Live global auction

ONE: A Global Sale of the 20th Century
Worldwide | 10 July

Launching the first of its kind, Christie’s presents ONE, a global 20th-century art auction spanning four cities in one relay-style format on 10 July. The multi-part, live sale will take place in real time across time zones, moving consecutively through the art world’s major hubs: Hong Kong, Paris, London and New York.

Pablo Picasso (1881-1973), Les femmes d’Alger (Version ‘F’), 1955. Oil on canvas. 21 x 25 in (54 x 65 cm). Offered in ONE at Christie’s in New York

Special features

Christie’s Education

WEEKLY VIRTUALS | Inside Look: Modern and Contemporary Art and the Market

A series of free lectures on Modern and Contemporary Art and the market, led by Christie's specialists.

Christie’s Lates: Summer in the City | The Virtual Edition

Join us for the first ever virtual edition of Christie's Lates in Hong Kong. Start your summer with the best of art and luxury as we take you on a unique journey across three iconic locations in Central, Hong Kong. From eye-opening experiences to exquisite works of art, beat the heat at the hottest virtual party of the season.

Venue: Streamed via Christie’s social media platforms

Date & Time: 3 July (Friday), 5:30pm

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A guide to bidding online or by telephone with Christie’s

All of Christie’s auctions are fully accessible for online browsing and bidding, meaning you can easily place a bid from the comfort of your home through Christie’s LIVE™, or alternatively by telephone. In 2019, over half of all bids placed were online, and for live auctions, telephone bids made up 41 per cent of winning bids versus 18 per cent within the saleroom — so you’re in good company.

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The World Is A Sphere: Art from the Faurschou Foundation
Online, 3-16 July 2020

This July, Christie’s is thrilled to present The World Is A Sphere: Art from the Faurschou Foundation, a curated online auction of works from the collection of the Faurschou Foundation. The selection of works is sold to benefit the Foundation’s innovative exhibition programme, which over the past decade has championed rich cross-cultural exchange between East and West. The auction will offer over 50 carefully selected works from the Foundation’s collection. Showcasing iconic Asian Contemporary works by Ai Weiwei, Liu Xiaodong and Yu Hong, the auction will also include an outstanding selection of European and American works by Anselm Kiefer, Georg Baselitz, Per Kirkeby, Robert Rauschenberg and Simone Leigh.

© Liu Xiaodong, DACS 2020