25 November 2018

Phillips’ November Auctions of 20th Century & Contemporary Art and Design Achieve HK$154 million / US$19.7 million      

 

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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PHILLIPS NEW YORK - 450 Park Avenue, New York, NY 10022

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