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Phillips Auctioneers announces its inaugural Day Sale of 20th Century & Contemporary Art and Design in Hong Kong
Yoshitomo Nara (b. 1959), Fallen Angel, 1987. Estimate: HK$700,000 – 900,000.

HONG KONG.- Phillips, the auction house dedicated to modern and contemporary art, announced the inaugural Day Sale of 20th Century & Contemporary Art and Design in Hong Kong as part of its autumn auction season. The Day Sale will take place on 26 November 2018 at the Mandarin Oriental, featuring approximately 100 items comprised of editions, photography, and Danish and Italian design pieces.

“The Hong Kong Day Sale was added to our calendar following the strong results achieved from our Spring 2018 sales, which grossed Phillips’ highest ever total in Asia. The Day Sale will support the vibrant art market in Asia, where record prices continue to be achieved for exceptional artworks, as well as appeal to the growing number of younger Asian buyers that are starting to build collections,” said Jonathan Crockett, Deputy Chairman and Head of 20th Century & Contemporary Art, Asia. “Phillips’ curated approach of offering both Asian and Western artworks alongside photography and design pieces presents a refreshing, holistic experience for buyers interested in 20th and 21st century works and sets our sales apart from others.”

This sale aims to meet the varied and sophisticated tastes of buyers across Asia, with the array of sale categories appealing to both established and new clients. It will build on the expertise of Phillips evening sales by offering lots that are accessible to new and younger Asian buyers who are seeking unique works by 20th century artists. The interest in artists and designers that straddle the cultures of Asia, Europe and the Americas has never been stronger, forming an important cross-geographical dialogue in art history.

Phillips’ inaugural evening sale of 20th Century & Contemporary Art & Design took place in Hong Kong in November 2016. The company’s strategy of offering Asian and Western artworks in a smaller auction format has been well received by collectors who increasingly buy across different categories. The 20th Century & Contemporary Art & Design sale on 27 May 2018, for example, realised a record result for a Phillips Hong Kong sale at HK$233.6 million (US$29.8 million), demonstrating Phillips’ rapid and healthy growth in Asia.

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