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
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