With
New Auction Records Set for Stanley Whitney, Among Others
Phillips’
20th Century & Contemporary Art Evening Sale Realises HK$102.7 million
Evening Sale Total: HK$102,746,000 / US$13,130,939
Hong Kong, 25 November 2018
|
Lots Sold: 22 | Lots Offered: 27 |
Sold by Lot: 81% |
Sold by Value: 86% |
Jonathan Crockett, Head of 20th Century & Contemporary Art, and Deputy Chairman, Asia, said: “We are delighted to have brought this season’s global auctions of 20th Century & Contemporary Art at Phillips to a close with a combined Evening and Day sale total of US$19.7 million. These solid results reflect the momentum we are building in Asia, as we continue to respond to this dynamic marketplace and the ever-evolving collecting trends across the region. In a tightly-packed saleroom, the pace of the Evening Sale was set by the opening lot, which established a new world auction record for American artist Stanley Whitney. The sale was led by Yayoi Kusama’s Pumpkin (three works) and Léonard-Tsuguharu Foujita’s Fillette aux fruits et au damier – demonstrating our ability to sell top modern and contemporary artworks to our escalating client base in Asia.”
TOP TEN LOTS
|
Lot |
Description |
Estimate |
Price Achieved |
|
5 |
Yayoi
Kusama, Pumpkin (three works), 2002 |
HK$15,000,000
- 20,000,000 |
HK$20,500,000 US$2,619,900 |
|
9 |
Léonard-Tsuguharu
Foujita, Fillette aux fruits et au damier,
1958 |
HK$6,000,000
- 8,000,000 |
HK$8,140,000 US$1,040,292 |
|
13* |
Wifredo
Lam, Sur les traces (also known as
Transformation), 1945 |
HK$12,000,000
- 16,000,000 |
HK$7,996,000 US$1,021,889 |
|
21 |
Park
Seo-Bo, Écriture No.96-75, 1975 |
HK$6,500,000
- 8,500,000 |
HK$7,060,000 US$902,268 |
|
3 |
KAWS,
UNTITLED, 2015 |
HK$4,000,000
- 5,000,000 |
HK$6,700,000 US$856,260 |
|
14 |
KAWS,
COMPANION (RESTING PLACE), 2013 |
HK$4,500,000
- 5,500,000 |
HK$6,100,000 US$779,580 |
|
4 |
Takashi
Murakami, Untitled, 2015 |
HK$4,500,000
- 8,500,000 |
HK$5,860,000 US$748,908 |
|
6 |
Liu
Ye, Untitled, 1997 |
HK$2,500,000
- 4,000,000 |
HK$5,860,000 US$748,908 |
|
23 |
Jonas
Wood, Australian Open Two, 2012 |
HK$4,500,000
- 5,500,000 |
HK$5,500,000 US$702,900 |
|
12 |
Richard
Lin, Painting Relief, 1963 |
HK$2,800,000
- 4,800,000 |
HK$4,540,000 US$580,212 |
NEW AUCTION RECORDS
|
Lot |
Description |
Estimate |
Price Achieved |
|
1 |
Stanley
Whitney, Queen of Hearts, 2004 |
HK$800,000
- 1,200,000 |
HK$1,750,000 US$223,650 |
|
|
*previous record
price: US$200,000 set in 2018 |
||
*Lot 13 was sold
immediately following the auction and included in the sale results.
Phillips’
20th Century & Contemporary Art & Design Day Sale
Realises
HK$51.4 million
Day Sale Total: HK51,411,250
/ US$6,570,358
Hong
Kong, 26 November 2018
|
Lots Sold: 106 | Lots Offered: 115 |
Sold by Lot: 92% |
Sold by Value: 91% |
Charlotte Raybaud, Head of
20th Century & Contemporary Art Day Sale, said:
“With outstanding sell through rates of 92% by lot and 91% by value, Phillips’ inaugural
Day Sale attracted widespread interest from our clients around the world. The
sale was led by Yayoi Kusama’s The Thames
in the Morning, with further standout results achieved for high-in-demand
artists George Condo, Tomoo Gokita, and KAWS. This boldly curated sale brought
to the fore a wide selection of fresh and fun contemporary works by Eddie
Martinez, Takashi Murakami, and Ugo Rondinone, among others. Southeast Asian
modern and contemporary art was 100% sold, and the selection of contemporary
Chinese works was led by Liu Ye. Strong results were also achieved for works of
20th century Danish and Italian Design, which hammers home that our pioneering strategy
of curating cross category sales here in Hong Kong continues to resonate with
collectors across Asia.”
TOP TEN LOTS
|
Lot |
Description |
Estimate |
Price Achieved |
|
14 |
Yayoi
Kusama, The Thames in the Morning,
1988 |
HK$1,200,000
- 1,800,000 |
HK$2,500,000 US$319,500 |
|
18 |
Tomoo
Gokita, Cheap Sensation, 2007 |
HK$500,000
- 700,000 |
HK$2,250,000 US$287,550 |
|
37 |
Zao
Wou-Ki, Untitled, 1956 |
HK$1,300,000
- 1,800,000 |
HK$2,250,000 US$287,550 |
|
13 |
Yayoi
Kusama, Path to the Future, 1988 |
HK$1,400,000
- 2,000,000 |
HK$2,125,000 US$271,575 |
|
8 |
Takashi
Murakami, Flower collaboration with
MADSAKI, 2017 |
HK$2,000,000
- 3,000,000 |
HK$2,000,000 US$255,600 |
|
9 |
Yayoi
Kusama, Pumpkin, 1990 |
HK$1,400,000
- 2,500,000 |
HK$2,000,000 US$255,600 |
|
20 |
Liu
Ye, Big Pigeon, 1995 |
HK$800,000
- 1,200,000 |
HK$1,875,000 US$239,625 |
|
10 |
Yoshitomo
Nara, L’Angel est Tombée, 1987 |
HK$700,000
- 900,000 |
HK$1,750,000 US$223,650 |
|
19 |
Tomoo
Gokita, Portrait of an Insomniac
Junior-High Student, 2010 |
HK$400,000
- 600,000 |
HK$1,500,000 US$191,700 |
|
79 |
KAWS,
FOUR FOOT DISSECTED COMPANION (Grey),
2009 |
HK$200,000
- 300,000 |
HK$1,500,000 US$191,700 |
NEW AUCTION RECORDS
|
Lot |
Description |
Estimate |
Price Achieved |
|
50 |
Sopheap
Pich, Memory, 2016 |
HK$200,000
- 300,000 |
HK$400,000 US$51,120 |
|
|
*previous record price:
HK$200,000 set in 2018 |
||
|
54 |
Maria
Taniguchi, US Letter Painting #26,
2014 |
HK$35,000
- 55,000 |
HK$75,000 US$9,585 |
|
|
*previous record
price: PHP303,680 set in 2016 |
||
|
55 |
Genevieve
Chua, Two works: (i) Edge Control #8,
Slalom; (ii) Edge Control #9, Seated Nude, 2016 |
HK$40,000
- 60,000 |
HK$50,000 US$6,390 |
|
|
*previous record
price: HK$31,250 set in 2011 |
||
|
71 |
Ma
Sibo, Zebra Crossing, 2016 |
HK$100,000
- 150,000 |
HK$156,250 US$19,969 |
|
|
*previous record price:
CNY68,750 set in 2015 |
||
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 - Rhonda Yung, PR Consultant, Asia RhondaYung@phillips.com
+852 9800 2629
LONDON - Katie Carder, Head of Press, Europe
kcarder@phillips.com
+44 20 7901 7938
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