Phillips Hong Kong Sales of 20th Century & Contemporary Art & Design Realise HK$357 Million/ US$45 Million
Young Contemporary Artists Command Competitive Bidding with 11 New Auction Records Set for Artists Including Lucy Bull, Trey Abdella, Ben Sledsens, Miwa Komatsu, Moe Nakamura, and More
90% of Works by Female Artists Soared Over their High Estimates
Hong Kong, 21& 22 June, 2022
Evening & Day Sales Combined Total: HK$356,798,338/ US$45,456,108
Phillips Asia Chairman and Auctioneer Jonathan Crockett selling lot 9, George Condo’s Transparent Female Forms
Jonathan Crockett, Chairman, Asia, Phillips, said, “We are delighted with the result of our Spring sales of 20th Century & Contemporary Art & Design in Hong Kong which realised HK$357 million/ US$45 million, exceeding the pre-sale high estimate with a 92% sell-through rate. The Evening sale was led by George Condo’s Transparent Female Forms from his seminal Drawing Paintings series which sold for HK$36 million/ US$4.6 million, demonstrating a robust market in Asia for leading international contemporary masters. We were delighted to uphold our reputation for presenting a rich diversity of female artists from the contemporary scene. 90 % of works by 40 female soared past their estimates in the Evening and Day Sales including examples from Lucy Bull, Ayako Rokkaku, Shara Hughes, and Katherine Bernhardt. Phillips is renowned for debuting new artists to the Asian market, and we were particularly excited to make the Asian auction debut for a number of international artists and setting auction records for Lucy Bull, Trey Abdella, and Ben Sledsens.”
Isaure de Viel Castel, Head of 20th Century & Contemporary Art, Phillips Hong Kong, added, “Building on the success of Phillips’ ULTRA/NEO series presented in Hong Kong last season, we were excited to continue with this initiative which shined a spotlight on a new generation of ultra-contemporary artists this Spring. Works featured in the series were 100% sold again with majority of them above high estimates and set multiple auction records for Trey Abdella, Michael Kagan, Miwa Komatsu, and Moe Nakamura. The number of online registrants reached an unprecedented level, and the Day Sale on 21 June saw the most online bidders in any 20th Century & Contemporary Art & Design sale for Phillips Asia in history, with nearly 600 participants from 45 countries / regions taking part and resulting in 50% of the sale total selling online.”
20th Century & Contemporary Art Evening Sale
Sale Total: HK$ 214,090,000 / US$27,275,066
|
Lots Sold: 42 | Lots Offered: 44 |
Sold by Lot: 95% | Sold by Value: 93% |
Top 10 Lots
|
Lot |
Description |
Estimate |
Price Achieved |
|
9 |
George Condo, Transparent Female Forms, 2009 |
HK$25,000,000 - 35,000,000 US$3,210,000-4,490,000 |
HK$36,550,000 US$4,656,470 |
|
11 |
Matthew Wong, Pink Wave, 2017 |
HK$16,000,000 - 26,000,000 US$2,050,000-3,330,000 |
HK$22,635,000 US$2,833,699 |
|
3 |
Lucy Bull, 8:50, 2020 |
HK$1,000,000 - 1,500,000 US$128,000-192,000 |
HK$11,382,000 US$ $1,450,067 |
|
28 |
Lee Ufan, From Line No. 790372, 1979 |
HK$9,000,000 - 14,000,000 US$1,150,000-1,790,000 |
HK$11,140,000 US$1,419,236 |
|
29 |
Pierre Soulages, Peinture 102 x 130 cm, 11 mars 2016, 2016 |
HK$7,500,000 - 10,000,000 US$962,000-1,280,000 |
HK$8,115,000 US$1,033,851 |
|
41 |
Ayako Rokkaku, Untitled, 2019 |
HK$2,000,000 - 3,000,000 US$256,000-385,000 |
HK$8,115,000 US$1,033,851 |
|
25 |
Zhang Xiaogang, Bloodline Series - Big Family, 2006 |
HK$7,500,000 - 10,000,000 US$962,000-1,280,000 |
HK$8,115,000 US$1,033,851 |
|
20 |
Yoshitomo Nara, Untitled, 1991 |
HK$6,000,000 - 8,000,000 US$769,000-1,030,000 |
HK$7,510,000 US$956,774 |
|
16 |
Nicolas Party, Two Portraits, 2016 |
HK$6,000,000 - 8,000,000 US$769,000-1,030,000 |
HK$6,542,000 US$833,451 |
|
6 |
Shara Hughes, Pleasure House, 2017 |
HK$3,000,000 - 5,000,000 US$385,000-641,000 |
HK$6,542,000 US$833,451 |
New Auction Records
|
Lot |
Description |
Estimate |
Price Achieved |
|
3 |
Lucy Bull, 8:50, 2020 |
HK$1,000,000 - 1,500,000 US$128,000-192,000 |
HK$11,382,000 US$ $1,450,067 |
|
|
*previous record price: US$907,200, May 2022 |
||
|
36 |
Trey Abdella, Some Things Aren't Worth Waiting For, 2019 |
HK$600,000 - 900,000 US$76,900-115,000 |
HK$2,646,000 US$337,100 |
|
|
*previous record price: GBP 119,700, October 2021 |
||
20th Century & Contemporary Art & Design Day Sale
Sale Total: HK$ 142,708,338/ US$18,181,042
|
Lots Sold: 179 | Lots Offered: 196 |
Sold by Lot: 91% | Sold by Value: 90% |
Auctioneer Danielle So conducting the 20th Century & Contemporary Art & Design Day Sale
Top 10 Lots
|
Lot |
Description |
Estimate |
Price Achieved |
|
150 |
George Condo, Green Seated Woman, 2006 |
HK$5,000,000 - 7,000,000 US$641,000-897,000 |
HK$5,418,000 US$690,253 |
|
160 |
Liu Ye, Taking Off II, 2003 |
HK$3,500,000 - 5,500,000 US$449,000-705,000 |
HK$4,788,000 US$609,991 |
|
158 |
Anish Kapoor, Untitled, 2000 |
HK$2,800,000 - 3,800,000 US$359,000-487,000 |
HK$4,032,000 US$513,677 |
|
116 |
Robert Nava, Boiler Room, 2018 |
HK$1,200,000 - 2,200,000 US$154,000-282,000 |
HK$3,906,000 US$497,624 |
|
210 |
Yayoi Kusama, Infinity Net, 1992 |
HK$2,800,000 - 3,500,000 US$359,000-449,000 |
HK$3,780,000 US$481,572 |
|
161 |
Liu Ye, Boy With Red Glass, 1998 |
HK$2,800,000 - 4,800,000 US$359,000-615,000 |
HK$3,276,000 US$417,362 |
|
297 |
Ayako Rokkaku, Strawberry Twins, 2007 |
HK$500,000 - 700,000 US$64,100-89,700 |
HK$3,276,000 US$417,362 |
|
175 |
Park Seo-Bo, Ecriture No. 051206, 2005 |
HK$1,200,000 - 2,200,000 US$154,000-282,000 |
HK$3,024,000 US$385,258 |
|
121 |
Katherine Bernhardt, Panther Hurricane, 2017 |
HK$300,000 - 500,000 US$38,500-64,100 |
HK$2,772,000 US$353,153 |
|
152 |
Banksy, Abe Lincoln, 2008 |
HK$2,000,000 - 3,000,000 US$256,000-385,000 |
HK$2,772,000 US$353,153 |
New Auction Records
|
Lot |
Description |
Estimate |
Price Achieved |
|
102 |
Ben Sledsens, Two Bathers, 2016 |
HK$200,000 - 300,000 US$25,600-38,500 |
HK$2,016,000 US$256,838 |
|
|
*previous record price: US$226,800, November 2021 |
||
|
115 |
Alexander Carver, Partitions, 2018 |
HK$80,000 - 120,000 US$10,300-15,400 |
HK$201,600 US$25,684 |
|
|
*previous record price: HK$69,300, May 2022 |
||
|
127 |
Gina Beavers, Lips with Painter’s Lips, 2019 |
HK$200,000 - 300,000 US$25,600-38,500 |
HK$327,600 US$41,736 |
|
|
*previous record price: US$37,800, May 2022 |
||
|
247 |
Kim Sou Sou, 2 Works: (i) Fire 1; (ii) Fire 2, 2018 |
HK$120,000 - 180,000 US$15,400-23,100 |
HK$201,600 US$25,684 |
|
|
*previous record price: HK$150,000, May 2022 |
||
|
268 |
Jansson Stegner, Starling Heights, 2004 |
HK$60,000 - 80,000 US$7,700-10,300 |
HK$88,200 US$11,237 |
|
|
*previous record price: GBP 8,125, May 2020 |
||
|
271 |
Zhang Zipiao, Tiger Skin Tapestry, 2018 |
HK$250,000 - 450,000 US$32,100-57,700 |
HK$567,000 US$72,236 |
|
|
*previous record price: RMB 230,000, December 2021 |
||
|
284 |
Michael Kagan, It Begins, 2019 |
HK$300,000 - 500,000 US$38,500-64,100 |
HK$ 1,134,000 US$ 144,472 |
|
|
*previous record price: US$106,250, July 2020 |
||
|
293 |
Miwa Komatsu, Stairs of Twilight Time, 2019 |
HK$400,000 - 600,000 US$51,300-76,900 |
HK$1,512,000 US$192,629 |
|
|
*previous record price: TWD 5,040,000, June 2022 |
||
|
295 |
Moe Nakamura, Wander in Silence, 2016 |
HK$600,000 - 800,000 US$76,900-103,000 |
HK$1,386,000 US$176,576 |
|
|
*previous record price: TWD 4,560,000, July 2021 |
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*Please download attached PDF for the full press release
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 – Ingrid Hsu, Public Relations Director, Asia Ingridhsu@phillips.com
PHILLIPS NEW YORK – 432 Park Avenue, New York, NY 10022
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