26 November 2017

PRESS RELEASE

Phillips’ Sale of 20th Century & Contemporary Art & Design Realises HK$119,840,000

New Auction Records Set for George Condo, Henry Moore, Wolfgang Tillmans, Georg Baselitz and Shara Hughes in Asia

Sale Total: HK$119,840,000 / US$15,351,504

Hong Kong, 26 November 2017

Lots Sold: 64 | Lots Offered: 71 Sold by Lot: 90% | Sold by Value: 72%

HONG KONG – 26 NOVEMBER 2017 – Phillips’ Evening Sale of 20th Century & Contemporary Art & Design in Hong Kong realised HK$119,840,000, selling 90% by lot and 72% by value. The sale saw activity from all corners of the globe, with bidders from 34 countries participating. New auction records were set, including those for George Condo, Henry Moore, Wolfgang Tillmans and Georg Baselitz at auction in Asia.

Jonathan Crockett, Head of 20th Century and Contemporary Art & Deputy Chairman for Phillips Asia, said:
“The strong results of tonight’s sale demonstrate the success of our pioneering and innovative strategy of offering the very best works by international artists at auction in Asia, with 80% of the top ten lots selling to Asian buyers. Leading the sale was George Condo’s Girl with Blue Dress, which was bought by a private Asian collector for HK$12,100,000, setting a new auction record for the artist in Asia. We welcomed international bidding for teamLab’s Universe of Water Particles, marking the first time a digital work by the artist collective was offered at auction. The breadth of the market in multiple directions and price points was evident, from emerging artist Shara Hughes to forefather of Pop Art Roy Lichtenstein, and works by Léonard-Tsuguharu Foujita significantly exceeding their estimates. Outstanding results were also achieved for works of Design, with the majority of lots soaring above their high estimates, including a pair of armchairs by Finn Juhl, which established a world auction record for the model no. FJ45. In only three seasons since the inaugural sale of 20th Century & Contemporary Art & Design in Hong Kong, the notable increase in Asian participation reaffirms Phillips’ expanding presence and growth across the region, whilst confirming the Asian appetite for international works of art and design.”

TOP TEN LOTS

Lot          

Description

Estimate

Price Achieved

10

George Condo, Young Girl with Blue  Dress, 2007

HK$3,000,000 - 5,000,000

HK$12,100,000

US$1,550,010

33

Roy Lichtenstein, Landscape with Poet (Study), 1995

HK$4,500,000 - 6,500,000

HK$8,140,000

US$1,042,734

14

Yoshitomo Nara, Not Now, 2003

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

HK$7,300,000

US$935,130

61

Léonard-Tsuguharu Foujita, Reclining Nude, 1931

HK$3,000,000 - 5,000,000

HK$6,100,000

US$781,410

36

Lee Ufan, From Point No. 780126, 1978

HK$3,200,000 - 4,200,000

HK$4,420,000

US$566,202

11

Jean-Michel Basquiat, Hong Kong, 1985

HK$3,900,000 - 5,500,000

HK$4,300,000

US$550,830

21

Cecily Brown, The End, 2006

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

HK$4,060,000

US$520,086

40

Chung Sang-Hwa, Untitled 85-6-3, 1985

HK$3,200,000 - 5,200,000

HK$3,940,000

US$504,714

30

Jonas Wood, Group Portrait, 2004

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

HK$3,700,000

US$473,970

2

Yayoi Kusama, Infinity Nets 1961 (Q.A), c. 1979

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

HK$3,460,000

US$443,226

5

Yoshitomo Nara, The Little Pilgrim (Night Walking), 1999

HK$1,200,000 - 2,200,000

HK$3,460,000

US$443,226

26

Yayoi Kusama, Abode of Heart, 2012

HK$2,800,000 - 3,800,000

HK$3,460,000

US$443,226



###

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 hammer price plus buyer’s premium.

PRESS CONTACTS: HONG KONG - Ada Lam, Director, CdD ada@cdd.com.hk +852 9219 0921
LONDON - Katie Carder, Press Manager, EMEA kcarder@phillips.com +44 20 7901 7938

HEADQUARTERS: LONDON - 30 Berkeley Square, London W1J 6EX | NEW YORK - 450 Park Avenue, New York, NY 10022
VISIT US AT: www.phillips.com
FOLLOW US ON: Twitter | Instagram | Vimeo | Facebook | Pinterest | Tumblr | LinkedIn