Hong Kong - Presented as the top lot in Phillip's evening sale, Basquiat's Native Carrying Some Guns, Bibles, Amorites on Safari achieved a remarkable HK$99 million (US$12.6 million).
by the artist from the same collection sold for a remarkable HK$99 million/ US$12.6 million, becoming the highest value work of the season across all houses and categories in Hong Kong. These outstanding results confirm our unwavering dedication to Basquiat’s legacy and truly showed all of which we are capable. Another notable highlight of the season has been Banksy’s The Leopard and Lamb, which sold for HK$36.8 million/ US$4.7 million and double the pre-sale estimate.
Lihua Tung, Head of Department, Hong Kong, Modern & Contemporary Art: “Today’s Evening Sale showcased our ability to juxtapose artists who are newer to the secondary market with time-tested blue-chip masters, with over 40% of works sold above their high estimates. Yayoi Kusama’s INFINITY NETS (ZGHEB) from 2007 realised HK$26 million/ US$3.3 million, achieving the highest auction result for an Infinity Net of this size. Marking his international auction debut outside of Japan, Teppei Takeda’s Painting of Painting 026 ignited a tense bidding war with 31 bids, eventually selling for HK$1.84 million/ US$235,528, more than six times of its pre-sale high estimate and set the second highest price for the artist at auction. Noteworthy price also achieved for China’s “It” artist, Sun Yitian, with her A Tender Panther rocketed to HK$1.65 million/ US$211,163, the second highest price achieved by the artist at auction; demonstrating Phillips’ continuing strength in emerging artists markets.”
