RESULTS | Christie’s Hong Kong Asian 20^th Century & Contemporary Art evening sale totals HK$508 million/ US$66 million

Please click HERE for the full results of Christie’s Hong Kong Asian 20^th Century & Contemporary Art Evening Sale held on 28 November 2015, which totalled HK$507,962,500 / US$65,847,788.

The top lot, Vase of Chrysanthemums on a Yellow Table, which was painted in the 1940s by Sanyu, realised HK$46,040,000 / US$5,968,220.

5 new world auction records were set, including the record for a work by Rudolf Bonnet. Additional artists’ records were achieved for Park Seo-Bo, Toshio Yoshida, Liu Wei and Natee Utarit.

Rebecca Wei, President of Christie’s Asia, said: “The evening auction of Asian 20^th Century and Contemporary Art realised a total of HKD508 million, with 86% sold by lot and 91% sold by value. These are very solid figures, pointing to continued strong appetite for the category. We had a packed auction room, with very active and almost intense bidding for most of the works offered. What we find most exciting is that our collectors’ profiles are becoming more international – with registrants and buyers coming from 19 and 13 countries respectively, which proves that we are on the right path in globalising Asian Art.”

Eric Chang, Deputy Chairman, International Director of Asian 20^th Century and Contemporary Art, added: “The very strong selection of Asian abstract art has been very well received, including paintings by Chinese, Japanese and Korean artists, with almost half of the works selling above their high estimate. These solid results show that Christie’s innovative curatorial approach to Asian abstract art resonates strongly with our clients, whose taste is becoming increasingly diverse. Several artist records were also established, spanning the Asian region and including Chinese, Indo-European, Japanese and Korean artists”.

The day sales of Asian Contemporary Art and Asian 20^th Century Art, and Convergences: A Special Sale of Singapore Art will all be held on 29 November, with the first of the sales starting at 10.30 am.