Press | Phillips

26 November 2024

PHILLIPS’ MODERN & CONTEMPORARY ART FALL AUCTIONS IN HONG KONG REALISES HK$222 MILLION/ US$29 MILLION

PHILLIPS’ MODERN & CONTEMPORARY ART FALL AUCTIONS IN HONG KONG REALISES HK$222 MILLION/ US$29 MILLION

 

Combined Total for Evening and Day Sales: HK$222,060,380/ US$28,534,759

 

Auctioneer Danielle So selling lot 125, Yoshitomo Nara’s Untitled

Day Sale of Modern & Contemporary Art Achieves HK$51 Million/ US$6.5 Million

New World Auction Records Set for Xiyao Wang and Vickie Vainionpää

 

Hong Kong, 26 November, 2024 | Sale Total: HK$50,919,380/ US$6,543,140

 

Lots Sold: 80 | Lots Offered: 103

                             Sold by Lot: 78% | Sold by Value:86%

 

Lihua Tung, Head of Department, Hong Kong, Modern & Contemporary Art, said: "Building on the success of Yoshitomo Nara’s works in yesterday’s Evening Sale, today’s Day Sale was led by the artist’s Untitled, which fetched over HK$4.3 million/ US$554,863. The sale results also showcased the strength of Modern art collections with important provenance. Several pieces achieved remarkable prices, notably a selection of ink on paper works by Sanyu from the Collection of Doris & Gilles Habart, inherited from Michel Habart in France, which realised over HK$1.76 million/US$226,841, with all works selling above their high estimates. Works from the collection of Zao Wou-Ki’s daughter, Sin-May Roy Zao, also saw spirited bidding. 27.6.70 sold for over HK$4 million/US$522,224, making it the second top lot of the sale, and Untitled sold for over HK$1.14 million/US$146,876, more than double its pre-sale high estimate. This auction offered a variety of Chinese Modern & Contemporary artworks from different periods, and we were thrilled to see pieces by artists such as Chen Yifei, Wang Guangle, Li Jin, and Xue Song achieving solid prices. Following a new auction record set for rising Chinese artist Li Hei Di in the Evening Sale, today’s Day Sale saw another record set for up-and-coming Chinese artist Xiyao Wang.”   

Top 10 Lots

Lot

Description

Estimate

Price Achieved

125

Yoshitomo Nara, Untitled, 1992

HK$4,800,000 - 6,800,000
US$615,000-872,000

HK$4,318,000
US$554,863

139

Zao Wou-Ki, 27.6.70, 1970

HK$3,800,000 - 5,800,000 
US$487,000-744,000

HK$4,064,000
US$522,224

126

Yayoi Kusama, Pumpkin, 1989

HK$2,500,000 - 3,500,000
US$321,000-449,000

HK$3,556,000
US$456,946

165

Antony Gormley, Small Stress IV, 2014

HK$2,400,000 - 3,500,000
US$308,000-449,000

HK$3,048,000
US$391,668

137

Chu Teh-Chun, Le 30 mars 1982, 1982

HK$ 2,000,000 - 4,000,000
US$256,000-513,000

HK$2,794,000
US$359,029

141

Chen Yifei, Sun Shower (Suzhou), 1984

HK$750,000 - 1,000,000
US$96,200-128,000

HK$2,413,000
US$310,071

174

Michaela Yearwood-Dan, Saturn's Return, 2021

HK$800,000 - 1,200,000
US$103,000-154,000

HK$1,397,000
US$179,515

112

Wang Guangle, 3pm to 5pm No. 3, 2000

HK$1,000,000 - 1,500,000
US$128,000-192,000

HK$1,270,000
US$163,195

138

Zao Wou-Ki, Untitled, 2008

HK$350,000 - 550,000
US$44,900-70,500

HK$1,143,000
US$146,876

173

Lucy Bull, Untitled (Touched), 2017

HK$1,000,000 - 2,000,000
US$128,000-256,000

HK$1,143,000
US$146,876

 

New Auction Records

Lot

Description

Estimate

Price Achieved

104

Xiyao Wang, The Crystalline Moon Palace no.4, 2022

HK$320,000 - 600,000 
US$41,000-76,900

HK$571,500
US$73,438

 

*previous record price: HK$508,000 set in 2023

195

Vickie Vainionpää, Black and Violet (Double Loop), 2023

HK$80,000 - 100,000 
US$10,300-12,800

HK$120,650
US$15,504

 

*previous record price: HK$75,600 set in 2022

 

Exchange Rate on 25-26 November 2024: HK$1= US$0.1285

 

Please click here to download the Modern & Contemporary Art Evening Sale result.

 

 

ABOUT PHILLIPS

Phillips: where the world’s curious and bold connect with the art, design and luxury that inspires them. As a leading global platform for buying and selling 20th and 21st century works, Phillips offers dedicated expertise in the areas of Modern and Contemporary Art, Design, Photographs, Editions, Watches, and Jewelry. Auctions and exhibitions are primarily held in New York, London, Geneva, and Hong Kong, with representative offices based throughout Europe, the United States and Asia. Phillips offers a regular selection of live and online auctions, along with items available for immediate purchase. Phillips also offers a range of services and advice on all aspects of collecting, including private sales and assistance with appraisals, valuations, and financial planning. Visit 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, Head of PR& Corporate Communications, Asia Ingridhsu@phillips.com +852 2318 2043
HONG KONG – Jiayi Zhang, Public Relations Coordinator                        Jiayizhang@phillips.com  +852 2318 2080

 

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