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25 May 2014

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RESULTS | Asian 20th Century & Contemporary Art (Day Sales) | Hong Kong

Hong Kong APAC 25 May 2014

Asian 20TH Century Art (Day Sale)

Hong Kong, 25 May 2014, Sale #3308 

[All sold prices include buyer’s premium]

 

251 lots sold

Total: HK$182,480,000/US$23,649,40814,123,952/€17,445,088

     83% sold by lot

304 lots offered

HK$1 = US$0.1296/£0.0774/€0.0956

93% sold by value

Lot

Description

Estimate (HK$)

Price Realised

Buyer

103

ZAO WOU-KI (ZHAO WUJI, French/Chinese, 1920-2013)

29.08.88

8,000,000-12,000,000

HK$8,680,000

US$1,124,928 

£671,832

829,808

Asian Private

168

LIU KUO-SUNG (LIU GUOSONG, Chinese, B. 1932)

Symphony of Spring

2,600,000-

4,000,000

HK$7,840,000

US$1,016,064

£606,816

749,504

Asian Private

102

ZAO WOU-KI (ZHAO WUJI, French/Chinese, 1920-2013)

Cinq Poissons (Five Fishes)

3,000,000-

5,000,000

HK$7,240,000

US$938,304

£560,376

692,144

Asian Private

106

CHU TEH-CHUN (ZHU DEQUN, French/Chinese, 1920-2014)

Le 7.9.1976

4,000,000-

6,000,000

HK$6,040,000

US$782,784

£467,496

577,424

Asian Private

107

CHU TEH-CHUN (ZHU DEQUN, French/Chinese, 1920-2014)

Composition No. 310

2,600,000-

3,200,000

HK$5,080,000

US$658,368

£393,192

485,648

Asian Private

104

CHU TEH-CHUN (ZHU DEQUN, French/Chinese, 1920-2014)

No. 126

2,500,000-

3,500,000

HK$4,840,000

US$627,264

£374,616

462,704

Asian Private

108

CHU TEH-CHUN (ZHU DEQUN, French/Chinese, 1920-2014)

15.10.1976

2,800,000-

3,800,000

HK$4,240,000

US$549,504

£328,176

405,344

Asian Private

121

LUO ZHONGLI (Chinese, B. 1948)

Crossing the River No. 2

2,800,000-

3,800,000

HK$3,640,000

US$471,744

£281,736

347,984

Asian Private

116

CHEN YIFEI (Chinese, 1946-2005)

The Narrow Canal, Suzhou

3,000,000-

4,000,000

HK$3,400,000

US$440,640

£263,160

325,040

Asian Private

112

ADRIEN-JEAN LE MAYEUR DE MERPRÈS (Belgian, 1880-1958)

Five Women on the Beach

1,800,000-

2,400,000

HK$3,160,000

US$409,536

£244,584

302,096

Asian Private

201

GEORGE CHANN (CHEN YINPI, Chinese, 1913-1995)

Abstract Calligraphy on Green Field

500,000-

800,000

HK$3,160,000

US$409,536

£244,584

302,096

Asian Private

       

 

 

 

Asian Contemporary Art (Day Sale)

Hong Kong, 25 May 2014, Sale #3310

[All sold prices include buyer’s premium]

 

192 lots sold

Total: HK$104,932,750/US$13,599,2848,121,795/€10,031,571

     77% sold by lot

248 lots offered

HK$1 = US$0.1296/£0.0774/€0.0956

 81% sold by value

Lot

Description

Estimate (HK$)

Price Realised

Buyer

510

ZENG FANZHI (Chinese, B. 1964)

Mask Series 1997 No. 13

6,000,000- 8,000,000

HK$6,640,000

US$860,544

£513,936

634,784

Asian Private

526

ZENG FANZHI (Chinese, B. 1964)

Andy Warhol

2,800,000-

3,800,000

HK$4,240,000

US$549,504

£328,176

405,344

Asian Private

507

LIU YE (Chinese, B. 1964)

Girl and Piggy

2,000,000-

3,000,000

HK$3,880,000

US$502,848

£300,312

370,928

Asian Private

515

YAN PEIMING (Chinese, B. 1960)

Portrait Officiel Rouge

3,200,000-

5,000,000

HK$3,640,000

US$471,744

£281,736

347,984

Asian Private

509

LIU YE (Chinese, B. 1964)

Blackboard

1,800,000-

2,400,000

HK$3,160,000

US$409,536

£244,584

302,096

Asian Private

527

ZENG FANZHI (Chinese, B. 1964)

Handshake

2,400,000-

3,200,000

HK$2,920,000

US$378,432

£226,008

279,152

Asian Private

511

ZENG FANZHI (Chinese, B. 1964)

Class One Series No. 31

2,500,000-

3,500,000

HK$2,680,000

US$347,328

£207,432

256,208

Asian Private

516

YU YOUHAN (Chinese, B. 1943)

Mao in a Colourful Lounge

700,000-

1,000,000

HK$2,080,000

US$269,568

£160,992

€198,848

Asian Private

592

KANG HYUNG-KOO (Korean, B. 1954)

Churchill

650,000-

950,000

HK$2,080,000

US$269,568

£160,992

€198,848

Asian Private

504

DING YI (Chinese, B. 1962)

Appearance of Crosses 94-20

800,000-

1,200,000

HK$1,960,000

US$254,016

£151,704

€187,376

Asian Private

       

 

 


 

Hong Kong – The spring season’s three sales of Asian 20th Century & Contemporary Art achieved HK$755,317,750/ US$97,889,180, and were sold in excess of 81% by lot and 89% by value.

 

Eric Chang, Deputy Chairman of Asia, Department Head of Asian 20th Century & Contemporary Art said, “As the world becomes more integrated, we are seeing an emergence of appreciation from collectors for artists of different regions and nationalities. This is especially evident within our Asian Contemporary Art sale. In particular, we saw the strength of the South-east Asian art market carry through from Christie's evening sale into both day sales, with noteworthy participation from Singaporean buyers. Within our 20th Century Art sale, robust bidding from buyers across Asia was at play. Abstract works of art have seen expanded interest, such as those by Korea's Kim Tschang-Yeul, Lee Ufan, Rhee Seundja and Singapore's Cheong Soo Pieng. Our sales "The Era of Asia, The Art of Asia" signify a new wave of energy that has been sweeping across the art market.”

 

Images and top ten results can be downloaded here:

Asian 20th Century & Contemporary Art (Evening Sale, 3307)

https://www.dropbox.com/sh/6vi6e76oy0upufd/AADxURyj5UP7cDIwRrXMSq4fa  

Asian 20th Century Art (Day Sale, 3308)

https://www.dropbox.com/sh/a6tmhylfudy4kcf/AABqPBMR6mapEJQZRqhe6miNa

Asian Contemporary Art (Day Sale, 3310)

https://www.dropbox.com/sh/9dy2g7s60x1iwcd/AACRKyA7IGY44yS_aoAWsK_Na

 

To view the full auction results:

Asian 20th Century & Contemporary Art (Evening Sale, 3307)

http://www.christies.com/lotfinder/salebrowse.aspx?intsaleid=24779&viewType=list

Asian 20th Century Art (Day Sale, 3308)

http://www.christies.com/lotfinder/salebrowse.aspx?intSaleid=24780&viewType=list

Asian Contemporary Art (Day Sale, 3310)

http://www.christies.com/lotfinder/salebrowse.aspx?intsaleid=24782&viewType=list

 

PRESS CONTACT: Simone Woo (Hong Kong) | +852 2978 9966 | swoo@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.