25 November 2019

 

Phillips’ November Sales of 20th Century & Contemporary Art & Design Achieve HK$271 Million / US$34.8 Million

 

The Highest Ever Total for a 20th Century & Contemporary Art & Design Auction Series Staged by Phillips in Asia

 

8 New Artist Auction Records Set

MADSAKI, Genieve Figgis, Bernard Frize, Stanley Whitney, Natee Utarit,

Daniel Arsham, Felipe Pantone, and Joyce Pensato

 

 

 

Jonathan Crockett, Head of 20th Century & Contemporary Art and Deputy Chairman, Asia, and Isaure de Viel Castel, Head of 20th Century & Contemporary Art, Hong Kong, said: “At HK$ 271 million, our November sales in Hong Kong mark the highest ever total for a 20th Century & Contemporary Art & Design auction series for Phillips in Asia. The Evening Sale saw a 100% increase from the previous year, in addition to the 29% increase in our Day Sale. Honouring our commitment to offering the most sought-after Asian and Western artists, we were delighted to set multiple world records, including the top two prices for Genieve Figgis, and records for MADSAKI, Bernard Frize, Stanley Whitney, Natee Utarit, Joyce Pensato, Felipe Pantone and Daniel Arsham. Phillips is renowned for including newer artists in our auctions and we were particularly excited to make the Asian auction debut for six Western artists, whose works all ignited a bidding frenzy, including Helen Frankenthaler, Lynn Chadwick, Pat Steir, Joyce Pensato, André Butzer, and Jonathan Lyndon Chase. The season was led by Zao Wou-Ki’s 29.05-31.10.68, followed closely by Jean-Michel Basquiat’s Thermopolae, demonstrating our ability to sell both Asian and Western Modern and Contemporary artworks to our escalating client base in Asia. And Phillips continues to lead the market in introducing the very best of 20th Century Design to Asia. Iconic Danish and American Design saw a 100% sell-through rate yet again this season.”

 

Phillips’ 20th Century & Contemporary Art Evening Sale Realises HK$205 Million

Marking a 100% Increase from the Previous Year
 

Evening Sale Total: HK$205,650,000 / US$26,282,070

Hong Kong, 24 November 2019

Lots Sold: 28 | Lots Offered: 32

Sold by Lot: 88% | Sold by Value: 93%

 

TOP TEN LOTS

Lot

Description

Estimate

Price Achieved

12

Zao Wou-Ki, 29.05-31.10.68, 1968

HK$28,000,000 - 38,000,000

HK$ 32,550,000

US$ 4,159,890

8

Jean-Michel Basquiat, Thermopolae, 1985

HK$26,000,000 - 38,000,000

HK$ 31,950,000

US$ 4,083,210

7

Liu Ye, She Isn't Afraid of Mondrian, 1995

HK$18,000,000 - 28,000,000

HK$ 26,550,000

US$ 3,393,090

6

Zeng Fanzhi, Mask Series No. 1, 1996

HK$14,000,000 - 24,000,000

HK$ 19,350,000

US$ 2,472,930

16

Kazuo Shiraga, Zuisouhen, 1986

HK$8,000,000 - 12,000,000

HK$ 9,750,000

US$ 1,246,050

15

Helen Frankenthaler, Scorpio, 1987

HK$7,500,000 - 9,500,000

HK$ 8,550,000

US$ 1,092,690

28

Yayoi Kusama, INFINITY-NETS (GMBKA), 2013

HK$6,000,000 - 8,000,000

HK$ 7,710,000

US$ 985,338

23

KAWS, TALK BACK, 2013

HK$8,000,000 - 12,000,000

HK$ 7,590,000

US$ 970,002

13

Chu Teh-Chun, No. 164, 1963

HK$6,000,000 - 8,000,000

HK$ 7,110,000

US$ 908,658

32

Eddie Martinez, Almost Lost #4, 2012

HK$1,000,000 - 1,500,000

HK$ 5,550,000

US$ 709,290

 

NEW AUCTION RECORDS

Lot

Description

Estimate

Price Achieved

2

MADSAKI, Untitled, 2017

HK$1,000,000 - 2,000,000

HK$3,000,000

US$383,400

 

*previous record price: HK$2,000,000 set in 2019

10

Stanley Whitney, Winter Rap, 2005

HK$1,000,000 - 2,000,000

HK$2,875,000

US$367,425

 

*previous record price: US$362,500 set in 2019

18

Bernard Frize, Leu, 2015

HK$350,000 - 450,000

HK$1,500,000

US$191,700

 

*previous record price: €126,750 set in 2012

33

Natee Utarit, King, 2011

HK$1,000,000 - 1,500,000

HK$2,750,000

US$351,450

 

*previous record price: HK$1,720,000 set in 2015

 

 

 

Phillips’ 20th Century & Contemporary Art & Design Day Sale Realises HK$66 Million

Marking the Highest Total for a Day Sale in Asia in Company History

 

Works Offered to Benefit Hong Kong Contemporary Art (HOCA) Foundation 100% Sold

 

Design Works Achieved a 100% Sell-Through Rate Yet Again

 

Sale Total: HK$ 66,150,625 / US$ 8,454,049

Hong Kong, 25 November 2019

Lots Sold: 99| Lots Offered: 113

Sold by Lot: 88% | Sold by Value: 94%


TOP TEN LOTS

Lot

Description

Estimate

Price Achieved

156

Yayoi Kusama, Infinity Nets, 1990

HK$4,800,000 - 6,800,000

HK$ 5,670,000

US$ 724,626

118

Eddie Martinez, Up in Arms #2, 2009

HK$600,000 - 800,000

HK$ 5,070,000

US$ 647,946

136

Mr., Miniature Diary, 2011

HK$1,000,000 - 2,000,000

HK$ 4,230,000

US$ 540,594

155

Kazuo Siraga, Shisen (Purple Fairy), 1984

HK$1,900,000 - 2,700,000

HK$ 2,500,000

US$ 319,500

150

KAWS, UNTITLED (MBFL10), 2015

HK$2,500,000 - 3,500,000

HK$ 2,375,000

US$ 303,525

102

Genieve Figgis, Birth of Venus (After Alexandre Cabanel), 2018

World Auction Record for the Artist

HK$250,000 - 400,000 

HK$ 2,375,000

US$ 303,525

148

Daniel Arsham, Quartz Eroded Vogue Magazine 101, 2019

World Auction Record for the Artist

HK$150,000 - 250,000

HK$ 2,312,500

US$ 295,538

126

Yoshitomo Nara, Untitled (Headache), 1998

HK$1,800,000 - 2,500,000

HK$ 2,250,000

US$ 287,550

121

Takashi Murakami, Hollow, 2015

HK$1,000,000 - 1,500,000

HK$ 1,812,500

US$ 231,638

117

Eddie Martinez, Untitled, 2015

HK$380,000 - 450,000

HK$ 1,750,000

US$ 223,650

 

NEW AUCTION RECORDS

Lot

Description

Estimate

Price Achieved

102

Genieve Figgis, Birth of Venus (After Alexandre Cabanel), 2018

HK$250,000 - 400,000 

HK$ 2,375,000

US$ 303,525

 

*previous record price: HK$1,875,000 set in 2019

116

Joyce Pensato, Donald, 1997

HK$450,000 - 550,000

HK$ 1,500,000

US$ 191,700

 

*previous record price: US$100,000 set in 2019

146

Felipe Pantone, Chromadynamica Manipulable, 2019

HK$100,000 - 150,000

HK$ 325,000

US$ 41,535

 

*previous record price: €8,450 set in 2019

148

Daniel Arsham, Quartz Eroded Vogue Magazine 101, 2019

HK$150,000 - 250,000

HK$ 2,312,500

US$ 295,538

 

*previous record price: US$237,500set in 2019

 

Please click here for images of the Top Ten lots and new auction records from both the Evening and Day sales, along with saleroom photographs.

 

Permission for the use of any image is granted by the holder of the intellectual property rights for timely reporting and auction review purposes only. The underlying intellectual property rights in any property depicted remain the property of the rights holder. Phillips does not make any representations with respect to or accept any responsibility for any third party uses.

Image courtesy of Phillips.

 

ABOUT PHILLIPS

Phillips is a leading global platform for buying and selling 20th and 21st century art and design. With dedicated expertise in the areas of 20th Century and Contemporary Art, Design, Photographs, Editions, Watches, and Jewelry, Phillips offers professional services and advice on all aspects of collecting. Auctions and exhibitions are held at salerooms in New York, London, Geneva, and Hong Kong, while clients are further served through representative offices based throughout Europe, the United States and Asia. Phillips also offers an online auction platform accessible anywhere in the world.  In addition to providing selling and buying opportunities through auction, Phillips brokers private sales and offers assistance with appraisals, valuations, and other financial services.

Visit www.phillips.com for further information.

 

*Estimates do not include buyer’s premium. Prices Achieved include the buyer's premium and are reported net of applicable fees. 

 Phillips is not responsible for typographical errors or omissions.

 

PRESS CONTACTS:             

HONG KONG – Ingrid Hsu, Public Relations Director, Asia                             Ingridhsu@phillips.com             +852 2318 2043

 

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