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Sotheby's Hong Kong Spring 2018 Modern & Contemporary Art Evening Sales achieve US$132 Million
The second highest total for a Sotheby’s Hong Kong Evening Sale. Western Modern and Contemporary works 100% sold. 97% of all lots sold with 64% exceeding the high estimates. Courtesy Sotheby’s.

HONG KONG.- Sotheby’s Evening Sales of Modern Art and Contemporary Art in Hong Kong brought a total of HK$1.04 billion / US$132 million (est. HK$643 – 929million), the second highest total for a Sotheby’s Hong Kong Evening Sale.

Patti Wong, Chairman of Sotheby’s Asia, stated, “Tonight’s outstanding results, with strong prices for both Asian and Western art and an exceptional sell-through rate of 97%, is a testament to our efforts to bring fresh and outstanding works to our clients. We saw deep demand for quality works, with a series of extended bidding contests, resulting in 64% of the works exceeding the high estimates this evening and setting many new records. We are delighted that one year since we debuted Western art in our Evening Sale, once again we saw all of the works on offer finding buyers.”

Modern Art Evening Sale
• 72% of the lots sold above their high estimates.

• All 7 works by Sanyu sold, with Nu endormi doubling its estimate. The top lot, Léopard rose, realised HK$49,135,500. Three works on paper all sold for many multiples of their respective estimates, building on the success of the ‘Ineffable Beauty’ sale – the largest ever sale of Sanyu’s works on paper – at Sotheby’s Hong Kong in 2016.

• Hsiao Chin’s La forza della meditazione ignited intense international interest and drew over 30 bids before selling for HK$7,560,000, setting a new auction record for the artist for the third time in one year. Sotheby’s currently holds six of the top ten auction records for the artist.

• Pan Yuliang’s Baigneuse sold for HK$27,684,500, more than 4.5 times its pre-sale estimate. Sotheby’s now holds three of the top five auction records for the artist.

• All Southeast Asian Modern works sold, with the top lot, Walter Spies’ Berge und Teich (Mountains And Pond), achieving HK$25,320,000.

Contemporary Art Evening Sale

• All 12 Western Contemporary works sold.

• Solid performance of Chinese Contemporary Art, with five out of the seven works on offer selling above their high estimates. Led by Liu Wei’s Revolutionary Family Series: Travel Time (Diptych), sold for HK$ 35,587,500 – more than double its estimate. Yu Youhan’s Abstract 1988-1 achieved HK$15,720,000, five times its estimate and setting a new artist record.

• All eight Japanese Contemporary works sold, with a new artist record set for Uemae Chiyu. Kusama Yayoi’s Red-Nets No. 2.A.3. sold 1.5 times its estimate for HK$35,587,500. Shiraga Kazuo’s Chiansei Kinhyoshi sold for HK$27,684,500, more than double its estimate.

• Southeast Asian Contemporary works 100% sold.


Modern Art:

• Vu Cao Dam, Le Repos Après le Bain (Rest After The Bath). Sold for HK$4,920,000

• Hsiao Chin, La forza della meditazione. Sold for HK$7,560,000

Contemporary Art:

• Jane Lee’s In You, In Me. Sold for HK$1,250,000

• Park Seobo’s Ecriture No. 37-75-76. Sold for HK$16,320,000

• Uemae Chiyu’s Work (diptych). Sold for HK$9,120,000

• Yu Youhan’s Abstract 1988-1. Sold for HK$15,720,000

• José-María Cano’s WS100 - Steve Jobs II. Sold for HK$3,240,000


• Homecoming sold for HK$2,125,000

Today's News

April 1, 2018

Glasgow starts a year of celebration as Charles Rennie Mackintosh exhibition opens

Christie's New York announces highlights from its Classic Week sales

Antiques looted in Libya by IS sold in Spain, two experts arrested

Art Basel's sixth Hong Kong edition concludes with vigorous sales and strong collector attendance

Thai magazine sued for 'blasphemous' painting of ancient kings

Philosopher Kristeva 'collaborated' with communists: Bulgaria

Exhibition at Galerie Jeanne Bucher Jaeger features sculptors' drawings

Exhibition commemorates 75 years since the Bevin Boys scheme began

Sotheby's Hong Kong Spring 2018 Modern & Contemporary Art Evening Sales achieve US$132 Million

Exhibition draws together a spectacular collection of works by Stanley Spencer

An exceptional Rolex 'Paul Newman' Daytona to be offered at Sotheby's Geneva

Now showing in US cinemas: "Hitler VS Picasso and The Others" directed by Claudio Poli

Paula Cooper Gallery opens "Bernd and Hilla Becher: In Dialogue with Carl Andre and Sol LeWitt"

Heather Gaudio Fine Art opens a group exhibition

Betty Cuningham Gallery opens an exhibition of new paintings and drawings by John Lees

Six artists confront the beauty and destruction of the polar regions

27th Salon du dessin in Paris, a growing success

Virtual reality, interactive and multisensory installations redefine the boundaries of storytelling

Exhibition focuses on eight works on paper executed in 1973 by John McLaughlin

Unit London announces new flagship gallery in Mayfair

Exhibition at the Design Museum examines the political graphic design of a turbulent decade

First-edition prints of Hiroshige's Tokaido Road on view for the first time in 25 years

Exhibition celebrates major additions to the collection from the past four years

Exhibition of rare baseball cards and memorabilia opens at the Detroit Institute of Arts

Most Popular Last Seven Days

1.- Rare 1943 Lincoln Cent sells for $204,000 at Heritage Auctions

2.- Exhibition is the first to shed light on the phenomenon of the princely painter

3.- Nathaniel Silver named new Curator of the Collection at the Isabella Stewart Gardner Museum

4.- Rijksmuseum van Oudheden explores the mystical world of the ancient Egyptian gods

5.- Media error draws misleading reports on sale of 1943 Bronze Lincoln Cent

6.- Four men deny giant gold coin heist from Berlin's Bode Museum

7.- Tanya Bonakdar Gallery presents an immersive installation by Charles Long

8.- Egypt says stolen pharaonic tablet repatriated from United Kingdom

9.- Israeli museum under fire over 'McJesus' exhibit

10.- Claremont Rug Company founder Jan David Winitz reveals major shifts in high-end antique Oriental rug market

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