Two paintings by minimalist artist Richard Lin led Bonhams
Modern and Contemporary Art Sale in Hong Kong on 25 November. The two works, standing at two ends of the artists most fertile period of creativity, are 14-MAY-1959 and Cadmium Green. An early work which came fresh to the market, 14-MAY-1959 (lot 18) sold for HK$ 2,500,625, eclipsing the pre-sale high estimate (HK$ 1,800,000 2,500,000) to become the top lot of the sale. Similarly, the fresh-to-market Cadmium Green (lot 17) from 1974 sold for HK$ 2,250,625, also exceeding the pre-sale high estimate (HK$ 1,700,000 2,200,000). A further sale highlight by Richard Lin was the oil on paper Untitled (lot 19), which fetched HK$ 500,625, three times the pre-sale estimate (HK$ 150,000 200,000). Bonhams has been the principal auction house to revive market interest in Richard Lin and has continued to lead this market.
Japanese Modern and Contemporary art: 93% Sold
Among the highlights of the Japanese section was a curated group of works by artists of the post-war avant-garde movement: Mono-ha. The results were spearheaded by such works as Susumu Koshimizus Water-Float-Vessel - Ishitsuri (Fishing of Stone) (lot 58), the cover lot which exceeded expectation and sold for HK$ 225,625 (estimate: HK$ 140,000 220,000). Further highlights include:
Kishio Sugas Fuchi-no-naigai (In-out of the edge) (lot 51). Sold for HK$ 75,625, nearly four times the pre-sale estimate (HK$ 20,000 30,000).
Yuichi Inoues Hana (Flower, Mandarava (Sanskrit), heavenly blossom) (lot 62). Sold for HK$ 113,125, nearly three times the pre-sale estimate (HK$ 40,000 60,000).
Taiwanese Modern and Contemporary art: 80% Sold
Taiwanese artists of the immediate post-war decades were well represented in the sale. Apart from works by British-Taiwanese Richard Lin, the sale also achieved other notable results including Liu Kuo Sungs ink and colour on paper work In Yellow Light (lot 20), which sold for HK$ 688,125, more than doubling the estimate (HK$ 280,000 480,000).
The Contemporary art section saw a new artist world auction record for the Korean artist Choi Young Wook, as his large-scale canvas Karma (lot 34) sold for HK$ 325,625, doubling the estimate (HK$ 160,000 240,000). Other contemporary highlights include:
Li Chens bronze sculpture Sky (lot 40). Sold for HK$ 688,125, more than doubling the estimate (HK$ 280,000 350,000).
Zeng Fanzhis Mask Series (lot 38). Sold for HK$ 2,188,125 (estimate: HK$ 2,000,000 2,800,000).
Cai Guo Qiangs Hanging Pine (lot 36). Sold for HK$ 1,125,625 (estimate: HK$ 800,000 1,200,000).