Press | Phillips

Phillips and Poly Auction 20th Century & Contemporary Art & Design Hong Kong Sales Realise HK$ 670 Million/ US$86 Million

New World Records Set for 15 Artists Including Javier Calleja, Robert Nava, Izumi Kato, Susumu Kamijo and Ayako Rokkaku

Combined Total for Evening and Day Sales: HK$670,725,240/ US$85,986,975

Phillips auctioneer Jonathan Crockett selling lot 16, Gerhard Richter’s Kerzenschein (Candle-light), which sold for HK$101 million/ US$13 million

Jonathan Crockett, Chairman, Asia, Phillips, said: “The electric momentum from the Day Sale continued straight into the Evening Sale, where we presented an exceptional selection of works from the Impressionist period to the present day. Riding on the success of last season’s Abstraktes Bild (940-7) by Gerhard Richter which sold for HK$95 million/ US$12 million, this season Kerzenschein (Candle-light) sold for a remarkable HK$102 million/ US$13 million, confirming Asia’s continued interest in leading international contemporary masters. The top ten results also include a diverse selection of works from the Impressionist and Modern masters to auction favourites Yayoi Kusama and Matthew Wong.

I am extremely proud to orchestrate today’s Evening sale in a purpose-built auction room in Hong Kong, installed with eight screens receiving bids from live auction rooms and phone banks in Hong Kong and Beijing, as well as phone banks from Phillips’s New York and London headquarters, it was clear that Asia’s importance in the global art market continues to grow exponentially. We welcomed a record number of over 1,100 global participants from 45 countries across all Phillips bidding platforms over the two-day auction series.

Having just achieved new world auction records for Susumu Kamijo and Izumi Kato in the Day Sale, they were broken once again in the Evening Sale, underscoring the success of our new ULTRA/NEO series, which shines a spotlight on a new generation of ultra-contemporary Asian artists. The Day and Evening sales saw a total of 15 new artist records, notably for Scott Kahn and Billie Zangewa, who made their auction debuts in Asia.”

Alex Chang, Chief Executive Officer of Poly Auction (Hong Kong) Limited, said, “We are pleased with the remarkable result achieved once again by the partnership of Poly Auction and Phillips. The overall sales realised HK$670 million, with a strong sell-through rate of 95%. Highlights of the Evening Sale include this season’s top lot, Kerzenschein (Candle-light) by Gerhard Richter, which sold for an impressive HK$102 million. At the same time, we also witnessed world auction records set for 15 artists, which is incredibly encouraging. The results affirm the confidence that our international collecting community have in the art auction market.

Over the years, the outstanding results achieved by Poly Auction can be entirely attributed to the staunch support of collectors, the public, as well as the media. Next year marks Poly Hong Kong’s 10-year anniversary, with grand celebrations to follow. We will keep on devoting ourselves to the art auction market and continue to diversify our sales and exhibition programme, giving collectors a fresh vision and new opportunities.”

20th Century & Contemporary Art Evening Sale

Hong Kong, 30 November 2021 Total: HK$ 454,566,200 / US$58,275,387

Lots Sold: 50 | Lots Offered: 52

Sold by Lot:96 % | Sold by Value:93 %

Top Ten Lots

Lot	Description	Estimate	Price Achieved
16	Gerhard Richter, Kerzenschein (Candle-light), 1984	HK$55,000,000 - 75,000,000	HK$101,970,000 US$13,072,554
18	Yayoi Kusama, INFINITY-NETS (OPRT), 2004	HK$15,000,000 - 25,000,000	HK$22,635,000 US$2,901,807
28	Zao Wou-Ki, 20.3.64., 1964	HK$20,000,000 - 30,000,000	HK$22,030,000 US$2,824,246
15	Matthew Wong, Far Away Eyes, 2017	HK$8,000,000 - 12,000,000	HK$21,183,000 US$2,715,661
30	Alexander Calder, Two Red Petals in the Air, 1958	HK$16,000,000 - 20,000,000	HK$20,820,000 US$2,669,124
19	Yayoi Kusama, Repetition, 1998	HK$15,000,000 - 20,000,000	HK$19,005,000 US$2,436,441
20	Nicolas Party, Still Life, 2017	HK$6,200,000 - 9,400,000	HK$17,190,000 US$2,203,758
31	Claude Monet, Pavots dans un vase de Chine, 1883	HK$9,500,000 - 15,000,000	HK$13,560,000 US$1,738,392
42	Yoshitomo Nara, Pandora's Box, 1990	HK$7,500,000 - 10,000,000	HK$13,560,000 US$1,738,392
21	David Hockney, Bridlington Violets, 1989	HK$10,000,000 - 15,000,000	HK$12,350,000 US$1,583,270

New Auction Records (Evening Sale)

Lot	Description	Estimate	Price Achieved
7	Javier Calleja, 30 works: Untitled, 2017	HK$10,000,000 - 15,000,000	HK$12,108,000 US$1,552,246
	*previous record price: HK$8,890,000 set in Mar 2021
13	Scott Kahn, Cadman Plaza, 2002	HK$1,000,000 - 1,500,000	HK$7,510,000 US$962,782
	*previous record price: US$500 (hammer) set in April 2017
41	Izumi Kato, Untitled, 2008	HK$4,500,000 - 7,500,000	HK$11,745,000 US$1,505,709
	*previous record price: HK$4,410,000 set in the 20th Century & Contemporary Art & Design Day Sale on 29 November 2021
49	Robert Nava, Angel Shark, 2020	HK$1,200,000 - 1,800,000	HK$4,410,000 US$565,362
	*previous record price: HK$2,375,000 set in May 2021
50	Susumu Kamijo, Marching To The Sun, 2020	HK$450,000 - 650,000	HK$ 2,142,000 US$274,604
	*previous record price: HK$1,033,200 set in the 20th Century & Contemporary Art & Design Day Sale on 29 November 2021
53	Billie Zangewa, Cirque d'hiver, 2007	HK$ 400,000 - 600,000	HK$567,000 US$72,698
	*previous record price: €58,500 set in September 2019
54	Godwin Champs Namuyimba, The Connector, 2021	HK$200,000 - 400,000	HK$1,323,000 US$169,609
	*previous record price: US$107,100 set in June 2021

Phillips and Poly Auction 20th Century & Contemporary Art & Design Day Sale Realises HK$216 Million / US$28 Million

More than Doubling the Pre-Sale Low Estimate and Marking an 80% Increase over the Previous Year

Setting 10 Artist Records, Including Those Featured in the ULTRA/NEO Series

Hong Kong, 29 November 2021 Total: HK$ 216,159,040 / US$27,711,589

Lots Sold: 170 | Lots Offered:179

Sold by Lot: 95%| Sold by Value:96%

The Day Sale of 20th Century & Contemporary Art & Design conducted by Phillips and Poly Auction has broken records season after season. Taking place on 29 November, the Day Sale realised over HK$216 million/ US$28 million, more than doubling its pre-sale low estimate and marking an 80% increase over the previous year. With 65% of lots selling above their pre-sale high estimates, the sale was led by UNTITLED (US) by KAWS, which soared to nearly four times its high estimate and eventually sold for a remarkable HK$12 million/ US$1.5 million. There was strong demand for both blue-chip and emerging artists, with KAWS, George Condo and Yayoi Kusama all featuring prominently in the top ten, alongside Javier Calleja and Ayako Rokkaku, whose Untitled ARP 07-013 sold for HK$6.3 million/ US$807,660, setting a new auction record for the artist.

Multiple world records were set for up-and-coming artists, notably Susumu Kamijo, Izumi Kato, Atsushi Kaga, Ayako Rokkaku, Mayuka Yamamoto and Roby Dwi Antono, whose works feature in the ULTRA/NEO section this season, a brand-new themed series centred around a new generation of rising ultra-contemporary Asian talents. The Design category achieved a 100% sell-through rate yet again, marking the sixth consecutive season for the category in a Phillips Hong Kong auction seeing 100% of lots sold since the Pantone Room project started. Once again, these results affirm the success of Phillips' distinctive strategy of curated sale themes and dynamic exhibitions.

Top Ten Lots

Lot	Description	Estimate	Price Achieved
257	KAWS, UNTITLED (US), 2002	HK$2,000,000 - 3,000,000	HK$11,745,000 US$1,505,709
189	Yayoi Kusama, SUMMER-STARS (QPTW), 2007	HK$ 4,500,000 - 6,500,000	HK$10,898,000 US$1,397,124
161	George Condo, Night Portrait, 2001	HK$ 4,800,000 - 6,800,000	HK$6,905,000 US$885,221
139	Ayako Rokkaku, Untitled ARP 07-013, 2007	HK$ 2,000,000 - 3,000,000	HK$6,300,000 US$807,660
248	Javier Calleja, Take On Me, 2017	HK$ 2,000,000 - 3,000,000	HK$5,040,000 US$646,128
187	Yayoi Kusama, Flowers, 1989	HK$ 3,000,000 - 5,000,000	HK$4,788,000 US$613,822
103	Emily Mae Smith, A Thousand Days, 2017	HK$ 600,000 - 900,000	HK$4,410,000 US$563,362
129	Izumi Kato, Untitled, 2008	HK$ 800,000 - 1,200,000	HK$4,410,000 US$565,362
220	Alexander Calder, The Red Bull, 1973	HK$ 3,800,000 - 4,500,000	HK$ 4,284,000 US$549,209
168	George Condo, The Abducted Butler, 2011	HK$ 1,800,000 - 2,800,000	HK$ 4,032,000 US$516,902

New Auction Records (Day Sale)

Lot	Description	Estimate	Price Achieved
120	Cassi Namoda, Virgilio Oito, He Who Owns Land in Goana, 2018	HK$ 100,000 - 150,000	HK$ 277,200 US$35,537
	*previous record price: US$250 set in May 2021
129	Izumi Kato, Untitled, 2008	HK$ 800,000 - 1,200,000	HK$4,410,000 US$563,362
	*The record for Izumi Kato was set again at the 20th Century &Contemporary Art Evening Sale on 30 November, 2021. This is now the second highest auction price for the artist.
130	Susumu Kamijo, Sunrise, 2018	HK$ 150,000 - 250,000	HK$1,033,200 US$132,456
	*previous record price: US$94,500 set in June 2021
136	Atsushi Kaga, We Are Still Here Even Though the Moon Is Clouded (During the Lockdown) (After Sargent), 2020	HK$ 200,000 - 300,000	HK$2,331,000 US$298,834
	previous record price: HK$ 1,764,000 set in Oct 2021*
139	Ayako Rokkaku, Untitled ARP 07-013, 2007	HK$ 2,000,000 - 3,000,000	HK$6,300,000 US$807,660
	*previous record price: Around US$645,081 set in July 2021
151	Mayuka Yamamoto, Little White Dog, 2020	HK$50,000 - 80,000	HK$781,200 US$100,150
	*previous record price: TWD 2,220,000 set in July 2021
152	Roby Dwi Antono, Muram Temaram, 2013	HK$120,000 - 250,000	HK$2,394,000 US$306,910
	*previous record price: HK$106,250 set in Oct 2020
252	Huang Benrei, Why Shop for New Fashion When You Are Naturally Stylish, 2018	HK$ 400,000 - 600,000	HK$1,512,000 US$193,838
	previous record price: HK$ 384,000 set in April 2021* *Lot 253, Huang Benrei’s Being There sold for HK$567,000 and set the second highest auction price for the artist
265	Edgar Plans, Aliens, 2020	HK$500,000 - 700,000	HK$2,520,000 US$194,229
	*previous record price: HK$1,512,000 set in September 2021
281	Michelle Sakhai, Falling Into Love, 2021	HK$100,000 - 150,000	HK$756,000 US$96,919
	previous record price: US$16,250 set in September 2018*

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PRESS CONTACTS

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

POLY AUCTION HONG KONG – Fatima Lam, Head of Public Relations and Marketing, flam@polyauction.com.hk +852 2303 9891

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.

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VISIT US AT: www.phillips.com

ABOUT POLY AUCTION

Poly Auction is a professional art auction platform under Poly Culture Group, a Hong Kong listed and state-owned enterprise, which has maintained its leading position in Chinese art auctions around the globe. The company is committed to providing clients with top-notch services that comprise the industry chain in art dealing including auctions, private sales, valuation, and financial services. There are several subsidiaries under the housing of Poly Auction including Beijing Poly Auction, Poly Auction Hong Kong, Poly Auction Macau, Poly Auction Xiamen, and Poly Auction Shandong with a network all over Asia, Europe and the United States. Our team of experienced experts aim to provide excellency with their accumulated resources across the globe and professionalism in buying and selling of art.

Visit www.polypm.com.cn for further information.

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VISIT US AT: http://www.polypm.com.cn and www.polyauction.com.hk

30 November 2021

Phillips and Poly Auction 20th Century & Contemporary Art & Design Hong Kong Sales Realise HK$ 670 Million/ US$86 Million