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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

PHILLIPS HONG KONG - 14/F St. George’s Building, 2 Ice House Street, Central Hong Kong

PHILLIPS NEW YORK - 450 Park Avenue, New York, NY 10022

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VISIT US AT: www.phillips.com