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28 May 2022

Gigi HO

+852 2978 6719

gigiho@christies.com

Gigi HO

+852 2978 6719

gigiho@christies.com

Flora FUNG

+852 2978 6876

florafung@christies.com

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20th/ 21st Century Art Sale Series Achieved A Combined Total of HK$1,809,526,380/ US$231,529,651Second Highest Ever for the Category at Christie’s Asia

Christie’s Retains Asian Market Leadershipin the Category for Spring 202297% Sold by Lot | 91% Sold by Value
Hong Kong APAC 28 May 2022
20th/ 21st Century Art Sale Series Achieved A Combined Total of HK$1,809,526,380/ US$231,529,651Second Highest Ever for the Category at Christie’s Asia

Two Masterpieces by Iconic Artists Surpassed HK$100 Million and Sold to Asian Collectors
Zao Wou-Ki – 29.09.64. sold for HK$278 million/ US$35.6 million
Second Highest Auction Price Ever Achieved for the Artist  

Pablo Picasso – Buste d’homme dans un cadre realised at HK$175 million / US$22.4 million
Most Expensive Work by Picasso Sold at Christie’s Asia  

35 New World Auction Records Set for Established and Rising Artists
Led by
Adrian Ghenie – Pie Fight Interior 12 achieved HK$81.1 million/ US$10.4 million
Over 1/3 of Records Set by Millennial Artists  

Works by Japanese Artists 100% Sold
Over 1.5 Million Viewers Worldwide Watched the Auction Livestream

Hong Kong – On 26 – 27 May, Christie’s 20th/21st Century Art sale series established an exceptional sale total of HK$1,809,526,380/ US$231,529,651 (Evening Sale: HK$1,407,783,000/ US$180,116,966; 21st Century Art Day Sale: HK$232,268,280/ US$29,717,263; 20th Century Art Day Sale: HK$169,475,100/ US$21,695,423), and outstanding sell-through rates of 97% by lot and 91% by value. The sales attracted fervent global bidding from 19 countries across 3 continents, for diverse masterpieces by international established and rising artists, setting a total of 35 new world auction records.

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* 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.