On 26 27 May, Christies
20th/21st Century Art sale series established an exceptional sale total of HK$1,809,526,380/ US$231,529,651 (Evening Sale: HK$1,407,783,000/ US$180,116,966; 21st Century Art Day Sale: HK$232,268,280/ US$29,717,263; 20th Century Art Day Sale: HK$169,475,100/ US$21,695,423), and outstanding sell-through rates of 97% by lot and 91% by value. The sales attracted fervent global bidding from 19 countries across 3 continents, for diverse masterpieces by international established and rising artists, setting a total of 36 new world auction records.
Evelyn Lin, Deputy Chairman and Co-Head of the 20th and 21st Century Art Department, Christies Asia Pacific, remarked, We are thrilled to once again lead the auction market in Asia, and to witness such passion and enthusiasm from collectors which translated into superb results for our sales this spring. They underscore the vibrancy and resilience of the market, and the masterful curation and expertise of our specialist team in sourcing the most important and appealing masterpieces. Works by artists across different genres and geographies have consistently performed well season after season, and we look forward to continue offering the best of what the market has to offer in our sales later in the year.
Cristian Albu, International Director and Co-Head of the 20th and 21st Century Art Department, Christies Asia Pacific, added, It has been a pleasure to meet and engage with collectors and the art community here in Hong Kong, throughout what has been an exhilarating month of art events in the city. In particular, our Flesh & Soul: Bacon/Ghenie exhibition welcomed many visitors and was warmly appreciated. Through our sales and exhibitions, we successfully tell stories to drive conversations with collectors and art lovers, so as to educate, exchange ideas, and share a mutual appreciation of art. We constantly strive to eliminate boundaries and limits to present more top quality works to the community, and we hope to continue doing so going forward.