SOTHEBY’S SPRING 2019 HONG KONG SALES TOTAL HK$3.78 BILLION / US$482 MILLION
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Presse05.04.2019
MODERN ART
Modern Art Evening and Day Sales together realise HK$851 million / US$108 million (est. HK$421 – 636 million / US$53.6 – 80.9 million), with Evening Sale making HK$793 million / US$101 million, far exceeding pre-sale high estimate
Top lot: Wu Guanzhong’s Lotus Flowers (I) sells for a stunning HK$130.8 million / US$16.7 million, more than 8.5 times the estimate
An unrivalled group of six works by Zao Wou-Ki spanning three decades is 100% sold, led by Untitled (1958), sold to benefit the Art Fund of the Solomon R. Guggenheim Museum which achieves HK$116 million / US$14.8 million
Robust demand for works by Guan Liang over the two sales: 28 works 100% sold for a combined total of HK$55.45 million / US$7 million, four times the estimate
CONTEMPORARY ART
Highest totalling series of Contemporary Art sales staged in Asia: Contemporary sales realise a combined total of HK$802 million / US$102 million (est. HK$385 – 579 million / US$49 – 73.5 million)
Record for a work by a female artist sold at auction in Asia: Kusama Yayoi’s Interminable Net #4 sells for an exceptional HK$62.4 million / US$8 million
Strong performance by Western artists, led by auction debuts in Asia: Julie Mehretu’s Black Ground (Deep Light) sells for HK$44.2 million / US$5.6 million, an auction record for the artist, and Mark Grotjahn’s Untitled (Yellow White Butterfly) achieves HK$26.6 million / US$3.4 million
NIGOLDENEYE® Vol. 1 totals HK$220 million / US$28 million, 100% sold, led by KAWS’ THE KAWS ALBUM which sells for HK$116 million / US$14.8 million, a record for the artist at auction
MODERN AND CONTEMPORARY SOUTHEAST ASIAN ART
Modern & Contemporary Southeast Asian Art Evening & Day Sales total HK$167 million / US$21.3 million (est. HK$88 – 135 million / US$10.9 – 17 million), led by Lee Man Fong’s Bali Life which achieves HK$28.9 million / US$3.7 million
Strong bidding from Vietnam
FINE CLASSICAL CHINESE PAINTINGS
A Ming Dynasty calligraphic scroll by Zhang Bi and other reputable literati sells for HK$27.8 million / US$3.5 million, 23 times the estimate
FINE CHINESE PAINTINGS
With a 90% sell-through rate, the sale realises HK$488.3 million/ US$62.3 million, led by Zhang Daqian’s Manchurian Mountains from 1969, which doubles top estimate, selling for HK$162.7 million / US$20.8 million
SPECTACULAR 88.22-CARAT OVAL DIAMOND LEADS SALE OF MAGNIFICENT JEWELS & JADEITE SALE
Perfect according to every critical criterion, the precious stone sells for HK$108 million / US$13.8 million to a Japanese Private Collector who names the diamond, the ‘Manami Star’, after his eldest daughter
IMPORTANT WATCHES TOTALS HK$134.7 MILLION / US$17.3 MILLION
Top Lot: Patek Philippe Reference 2499, First Series, Highly Important and Historically Interesting Yellow Gold Perpetual Calendar Wristwatch with Moon Phases and Vichet Case, made in 1951, sells for HK$11.9 million / US$1.5 million
SALES OF CHINESE WORKS OF ART TOTAL HK$633.6 MILLION / US$81.5 MILLION
18 pieces of selected imperial ceramics from the Tianminlou Collection are 100% sold, totalling HK$194 million / US$24.7 million, 2.7 times the low estimate
SELLING EXHIBITIONS OF MODERN & CONTEMPORARY ART HELD ALONGSIDE SERIES OF 20 AUCTIONS
Alex Katz, the American artist’s first major exhibition in Hong Kong
‘Panorama: A New Perspective’: over 20 works sell by artists including Condo, Gormley, Chagall, Gauguin, Hockney, Pissarro, Baselitz, Banksy, Hirst and Warhol
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05.04.2019Presse »
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