The First Art Newspaper on the Net   Established in 1996 United States Monday, September 23, 2019

Sotheby's sales of Modern and Contemporary Asian Art achieve US$89,532,371
Contemporary Japanese works continue to perform well. The combined sale total of works by Japanese artists amounts to HK$150 million / US$19.3 million, exceeding the pre-sale high estimate. Photo: Sotheby's.

HONG KONG.- Top lot of the Evening Sale, Zao Wou-Ki’s Paysage dans la lune, achieved HK$46.68 million / US$ 5.98 million

· Top quality modern works continue to perform with strength, with Zao Wou-Ki’s Paysage dans la lune, Ailleurs, and Wu Guanzhong’s The Hometown of Lu Xun being the top three lots

· Two important works on paper sales were 100% sold, reflecting strong market demand for such rare offerings. The success is also a testament to Sotheby’s meticulous sourcing approach and reinforces Sotheby’s position as a market leader in Modern Asian Art

o 16 lots from The Sublime – Wou-Ki Zao achieved a total of HK$20.8 million / US$2.67 million, 1.27 times the high estimate

o 22 lots from Sanyu’s works on paper collection, Ineffable Beauty, realised HK$14.3 million / US$ 1.83 million, 2.68 times the high estimate


· Two-day combined total for the category close to pre-sale high-estimate

· Strong debut performance of Contemporary Chinese photographic works at Sotheby’s Hong Kong Evening Sale, with Ai Weiwei’s Dropping a Han Dynasty Urn (set of three) and Yu Fudong’s The First Intellectual both sold above high estimates, confirming Sotheby’s capability to address market demand through careful sourcing

· Contemporary Japanese works continue to perform well. The combined sale total of works by Japanese artists amounts to HK$150 million / US$19.3 million, exceeding the pre-sale high estimate

· 11 lots by Nara Yoshitomo 100% sold

· ‘Full Circle II: Yoshihara Jiro Collection’ in the Day Sale achieved a sale total over the high estimate

· Market demand for contemporary Chinese art remains solid. Top quality works are sought after by the market and attracted bidders from around the world

· Exceptional sell-through rate (sold by value: 96%; sold by lot: 82%), with enthusiastic worldwide participation

Today's News

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New commission by French artist Philippe Parreno unveiled at Tate Modern

Writers' privacy row erupts as Italy's Ferrante unmasked

Almine Rech Gallery opens new gallery space in London with an exhibition by Jeff Koons.

Mossgreen announces auction of the Raphy Star Collection of Important Asian Art

Ann Linnemann and six new Danish talents exhibit at Lacoste Gallery in Concord

South London Gallery opens new permanent garden by Mexican artist Gabriel Orozco

Richard Saltoun Gallery presents works by founding member of the illustrious Ton Fan Group

Jessica Carlisle opens exhibition of renowned British artist Paul Feiler

Sotheby's sales of Modern and Contemporary Asian Art achieve US$89,532,371

Victoria Miro exhibits works by Njideka Akunyili Crosby

Aura Satz's first exhibition in New York on view at Fridman Gallery

First major UK exhibition of the Italian artist Rodolfo Aricò opens at Luxembourg & Dayan

French-born artist Henri Barande exhibits for the first time in the UK at the Saatchi Gallery

Exhibition by artist Marc Camille Chaimowicz opens at the Serpentine

Exhibition highlights the ICA’s rich heritage as a home for radical contemporary arts and culture

Fowler Museum presents first solo U.S. museum exhibition of Cuban artist Belkis Ayón

Garment District space for public art showcases paintings by artist Umberto Squarcia Jr.

"The Guardian Animals + other invisible beings" opens at Moretti Fine Art

Sotheby's Hong Kong Classical Chinese Paintings sale fetches HK$65.76 million

Major exhibition of works by Jannis Kounellis on view at White Cube

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