Home > Press Release > 2014 > APAC > RESULTS | ASIA+/First Open
5 October 2014

Simone Woo

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Juliana Yeh

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Michelle Zhang

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Zhongwei Qin

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RESULTS | ASIA+/First Open

Hong Kong APAC 5 October 2014

 ASIA+ / First Open

Hong Kong, 5 October 2014, Sale 3327 

[All sold prices include buyer’s premium]

 

48 lots sold

Total: HK$22,392,500 / US$2,899,829 / £1,822,750 / 2,328,820

     65% sold by lot

74 lots offered

HK$1 = US$0.1295 / £0.0814 / €0.1040

85% sold by value

Lot

Description

Estimate (HK$)

Price Realised

Buyer

10

LIU YE (CHINESE, B. 1964)

Yuan Yuan

1,800,000 – 2,400,000

HK$3,160,000

US$409,220

£257,224

€328,640

Asian Private

22

WU GUANZHONG (CHINESE, 1919-2010)

A Sleepless City

1,200,000 – 1,800,000

HK$1,960,000

US$253,820

£159,544

€203,840

Asian Private

31

HONG LING (CHINESE, B. 1955)

Autumn Lake

1,400,000 – 1,800,000

HK$1,720,000

US$222,740

£140,008

€178,880

Asian Private

43

ZHOU CHUNYA (CHINESE, B. 1955)

Green Dog

700,000 – 900,000

HK$1,120,000

US$145,040

£91,168

€116,480

Asian Private

61

WANG YANCHENG (CHINESE, B. 1960)

Untitled

800,000 – 1,200,000

HK$1,120,000

US$145,040

£91,168

€116,480

Asian Private

48

PAIK NAM-JUNE (KOREAN, 1932-2006)

Buddha King

450,000 – 550,000

HK$1,060,000

US$137,270

£86,284

€110,240

Asian Trade

25

KAZUO SHIRAGA (JAPANESE, 1924-2008)

Goshoku Zanmai

160,0000 – 260,000

HK$812,500

US$105,219

£66,138

€84,500

Asian Trade

24

WALASSE TING (DING XIONGQUAN, CHINESE, 1929-2010)

Fuck Symphony

250,000 – 450,000

HK$687,500

US$89,031

£55,963

€71,500

Asian Private

29

ZAO WOU-KI (ZHAO WUJI, FRENCH/CHINESE, 1920-2013)

Untitled

300,000 – 500,000

HK$625,000

US$80,938

£50,875

€65,000

Asian Private

20

SZETO LAP (CHINESE, B. 1949)

Orchid

480,000 – 600,000

HK$600,000

US$77,700

£48,840

€62,400

Asian Private

38

RONALD VENTURA (FILIPINO, B. 1973)

Messenger

300,000 – 450,000

HK$600,000

US$77,700

£48,840

€62,400

Asian Private

       

 

 


Hong Kong On Sunday, October 5, 2014, the ASIA+/First Open auction realised HK$ 22,392,500 / US$2,899,829 and sold in excess of 65% by lot and 85% by value.

 

“With a packed saleroom and significant telephone and internet bidding, Christie’s ASIA+/First Open auction saw strong international participation across all the lots offered. The top lot of the sale, Liu Ye’s “Yuan Yuan” achieved nearly double its estimate at HK$3.16million, selling to an Asian private buyer, and Wu Guanzhong’s portrait of Hong Kong, “A Sleepless City”, sold at HK$1.96million, well above its estimate. Works by Japanese and Korean artists achieved multiples of their estimates, notably Paik Nam-June’s “Buddha King” and Kazuo Shiraga’s “Goshoku Zanmai”.  Through this internationally curated sale Christie’s brought a new dynamic to the market in Asia, demonstrating that the language of art transcends geographic boundaries,” said co-curators Marcello Kwan of Christie’s Hong Kong and Edward Tang of Christie’s New York.

 

Images and top ten results can be downloaded with the link below:

https://www.dropbox.com/sh/t4yjyxyrx39t0w4/AADIFzgyUbD05srAArDaKCrTa?dl=0

 

To view the full auction results:

http://www.christies.com/lotfinder/salebrowse.aspx?intSaleid=25224&viewType=list

 

PRESS CONTACTS:

Hong Kong | Simone Woo | +852 2978 9966 | swoo@christies.com

Hong Kong | Juliana Yeh | +852 2978 6718 | jyeh@christies.com

 

Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and do not reflect costs,

financing fees or application of buyer’s or seller’s credits.

 

 

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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.